Citrix 2014 Annual Report Download - page 41

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network conditions. Framehawk became part of our Enterprise and Service Provider division. The total consideration for this
transaction was approximately $24.2 million, net of $0.2 million of cash acquired, and was paid in cash. Transaction costs
associated with the acquisition were approximately $0.1 million, all of which we expensed during the year ended December 31,
2014 and are included in General and administrative expense in the accompanying consolidated statements of income.
RightSignature
In October 2014, we acquired all of the membership interests of RightSignature, LLC, or RightSignature. RightSignature
became part of our Mobility Apps division and provides technology which allows users to e-sign documents within the
Documents Cloud. The RightSignature technology will expand the Documents Cloud beyond storage and file transfer to
supporting e-signature and approval workflows. The total consideration for this transaction was approximately $37.8 million,
net of $1.1 million of cash acquired, and was paid in cash. Transaction costs associated with the acquisition were approximately
$0.2 million, all of which we expensed during the year ended December 31, 2014 and are included in General and
administrative expense in the accompanying consolidated statements of income. In addition, in connection with the acquisition,
we assumed non-vested stock units which were converted into the right to receive, in the aggregate, up to 67,500 of our
common stock, for which the vesting period began on the closing of the transaction.
2014 Other Acquisitions
During the second quarter of 2014, we acquired all of the issued and outstanding securities of a privately-held company.
This business became part of our Enterprise and Service Provider division. The total cash consideration for this transaction was
approximately $17.2 million, net of $0.8 million of cash acquired. Transaction costs associated with the acquisition were
approximately $0.1 million, all of which we expensed during the year ended December 31, 2014 and are included in General
and administrative expense in the accompanying consolidated statements of income.
In the fourth quarter of 2014, we acquired all of the issued and outstanding securities of two privately-held companies for
total cash consideration of approximately $19.9 million, net of $0.2 million of cash acquired. The businesses became part of
our Enterprise and Service Provider division. In addition, in connection with one of the acquisitions, we assumed non-vested
stock units which were converted into the right to receive, in the aggregate, up to 23,430 shares of our common stock, for
which the vesting period began on the closing of the transaction. Transaction costs associated with the acquisitions were not
significant.
We have included the effects of all of the companies acquired in 2014 in our results of operations prospectively from the
date of each acquisition.
2013 Acquisitions
Zenprise
In January 2013, we acquired all of the issued and outstanding securities of Zenprise, a privately-held leader in mobile
device management. Zenprise became part of our Enterprise and Service Provider division, in which we have integrated the
Zenprise offering for mobile device management into our XenMobile Enterprise edition. The total consideration for this
transaction was approximately $324.0 million, net of $2.9 million of cash acquired, and was paid in cash. Transaction costs
associated with the acquisition were approximately $0.6 million, of which we expensed approximately $0.1 million during the
year ended December 31, 2013 and are included in General and administrative expense in the accompanying consolidated
statements of income. In addition, in connection with the acquisition, we assumed certain stock options, which are exercisable
for 285,817 shares of our common stock, for which the vesting period reset fully upon the closing of the transaction.
2013 Other Acquisitions
During the third quarter of 2013, we acquired all of the issued and outstanding securities of a privately-held company. The
total cash consideration for this transaction was approximately $5.3 million, net of $2.8 million of cash acquired, and was paid
in cash. We agreed to pay contingent consideration of up to $3.0 million in cash upon the satisfaction of certain milestone
achievements, as defined pursuant to the share purchase agreement. This business became part of our Mobility Apps division.
Transaction costs associated with the acquisition were approximately $0.2 million, all of which we expensed during the year
ended December 31, 2013, and are included in General and administrative expense in the accompanying consolidated
statements of income. In September 2014, we paid $2.0 million of the contingent consideration balance based on milestones
achieved. We are expected to pay the remaining balance of up to $1.0 million if the final milestone is achieved pursuant to the
share purchase agreement.
During the fourth quarter of 2013, we acquired all of the issued and outstanding securities of a privately-held company.
The total cash consideration for this transaction was approximately $5.5 million. This business became part of our Enterprise
and Service Provider division. Transaction costs associated with the acquisition were approximately $0.3 million, of which we