Acquisitions On January 22, 2016, VelocityEHS acquired certain assets of ErgoAdvocate LLC ("ErgoAdvocate") for $1.25 million of cash consideration, $1.0 million of which was paid at the closing of the transaction, and $0.25 million of which was paid during the three months ended March 31, 2017 . The acquisition was accounted for under the acquisition method. VelocityEHS has allocated the purchase price to the acquired identifiable intangible assets and goodwill based upon their respective fair values as of the date of acquisition. On September 16, 2016, VelocityEHS acquired certain assets of E3 Solutions Inc. ("E3 Solutions") for $3.0 million of cash consideration, $2.7 million of which was paid at the closing of the transaction, and $0.3 million of which will be paid in equal installments on the 12-month and 18-month anniversaries of the closing. The acquisition was accounted for under the acquisition method. VelocityEHS has allocated the purchase price to the acquired identifiable intangible assets and goodwill based upon their respective fair values as of the date of acquisition. On October 31, 2016, FolioDynamix acquired certain assets of SAS Capital Management, LLC ("SAS") for a maximum consideration of $25.0 million . The initial consideration paid, net of working capital, was approximately $2.9 million . Aggregate payments of approximately $1.0 million are payable over the 15-month period following the closing for a total fixed consideration of $3.9 million . The SAS acquisition is subject to an earnout based on the achievement of specified revenue targets that was valued at $7.9 million at the date of acquisition. The acquisition was accounted for under the acquisition method. FolioDynamix has preliminarily allocated the purchase price to identifiable tangible and intangible assets, goodwill and deferred revenue. The allocations of the respective ErgoAdvocate, E3 Solutions and SAS purchase prices to identified intangible assets and tangible assets and liabilities were as follows: (in thousands) ErgoAdvocate E3 Solutions SAS Goodwill $ 155 $ 1,074 $ 9,736 Customer lists (5-11 year life) 26 28 2,153 Trademarks, trade names and domain names (5-11 year life) — 6 — Technology (7-9 year life) 1,069 1,822 344 Non-compete agreement (5 year life) — 70 233 Deferred revenue — — (320) Other net assets (liabilities) — — (397) Total net assets acquired $ 1,250 $ 3,000 $ 11,749
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