The purchase price has been allocated, as set out below, to the assets acquired and liabilities assumed in the business combination.
| Amount | ||||
|
Cash |
$ | 3,119 | ||
|
Trade receivables |
4,910 | |||
|
Unbilled revenue |
2,016 | |||
|
Prepayments and other current assets |
1,060 | |||
|
Property and equipment |
4,612 | |||
|
Intangible assets |
||||
|
- Software |
1,274 | |||
|
- Customer contracts |
4,537 | |||
|
- Customer relationships |
49,584 | |||
|
- Service mark |
400 | |||
|
- Covenant not-to-compete |
4,693 | |||
|
- Technology |
4,852 | |||
|
Non-current assets |
161 | |||
|
Term loan |
(29,249 | ) | ||
|
Current liabilities |
(2,555 | ) | ||
|
Non-current liabilities |
(1,423 | ) | ||
|
Deferred tax liability |
(18,163 | ) | ||
|
|
|
|||
|
Net assets acquired |
$ | 29,828 | ||
|
Less: Purchase consideration |
68,910 | |||
|
|
|
|||
|
Goodwill on acquisition |
$ | 39,082 | ||
|
|
|
|||