VERINT SYSTEMS INC - 10-Q filing on 2016-06-07

BUSINESS COMBINATIONS (Tables)

3 Months Ended

Apr. 30, 2016

Schedule of Business Acquisitions, by Acquisition

The following table sets forth the components and the allocation of the purchase price for our acquisition of Contact Solutions.



(in thousands)	Amount
Components of Purchase Price:
Cash paid at closing	$	66,915
Other purchase price adjustments	2,439
Total purchase price	$	69,354

Allocation of Purchase Price:
Net tangible assets (liabilities):
Accounts receivable	$	8,102
Other current assets, including cash acquired	2,392
Property and equipment, net	7,059
Other assets	1,904
Current and other liabilities	(4,943		)
Deferred revenue - current and long-term	(642		)
Net tangible assets	13,872
Identifiable intangible assets:
Customer relationships	18,000
Developed technology	13,100
Trademarks and trade names	2,400
Total identifiable intangible assets	33,500
Goodwill	21,982
Total purchase price allocation	$	69,354

Schedule of Purchase Price Allocations - Acquisitions for the Year Ended January 31, 2016

The following table sets forth the components and the allocations of the combined purchase prices for the business combinations completed during the year ended January 31, 2016:



(in thousands)	Amount
Components of Purchase Prices:
Cash	$	33,222
Fair value of contingent consideration	16,237
Total purchase prices	$	49,459

Allocation of Purchase Prices:
Net tangible assets (liabilities):
Accounts receivable	$	992
Other current assets, including cash acquired	4,274
Other assets	395
Current and other liabilities	(3,037		)
Deferred revenue - current and long-term	(1,872		)
Deferred income taxes - current and long-term	(2,922		)
Net tangible liabilities	(2,170		)
Identifiable intangible assets:
Customer relationships	1,212
Developed technology	20,300
Trademarks and trade names	300
In-process research and development	1,100
Total identifiable intangible assets	22,912
Goodwill	28,717
Total purchase price allocations	$	49,459