On March 7, 2014, the Company acquired all of the outstanding capital stock of a Boston, Massachusetts based systems integrator for a cash purchase price of $7.5 million plus contingent retention-based bonuses totaling up to $4.0 million, which are expected to be paid over a two-year period from the date of acquisition. The Company purchased the systems integrator to acquire their technical expertise to help accelerate the adoption of its Xively platform and its Internet of Things business plans generally. The Company is in the process of allocating the purchase price to the assets acquired and liabilities assumed. Any goodwill resulting from this acquisition will not be deductible for income tax purposes.