Support.com 2009 Annual Report Download - page 24

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Table of Contents
ITEM 6. SELECTED CONSOLIDATED FINANCIAL DATA.
Support.com was founded in 1997 under the name SupportSoft, Inc. as an enterprise software provider focused on technical support organizations. In 2007
we launched our consumer services business, and in 2008 began reporting two operating segments, Enterprise and Consumer. In June, 2009 we sold our
Enterprise business, changed our name to Support.com, Inc. and focused our efforts purely on the consumer market. We added the Sammsoft family of software
products to our Consumer business in December, 2009 through the acquisition of substantially all of the assets of Xeriton, Inc.
After the sale of substantially all of the assets and the transfer of certain of the liabilities of the Enterprise business to Consona, the Company has retained
all assets and liabilities associated with its Consumer business and intends to continue operations in this segment. As the Company has irrevocably sold the
Enterprise business to Consona, the operations and cash flows of the disposed business have been completely eliminated from the ongoing operations of
Support.com. Therefore, our audited consolidated financial statements, accompanying notes and other information provided in this Form 10-K reflect the
Enterprise business as a discontinued operation for all periods presented in accordance with ASC 360, Accounting for the Impairment or Disposal of Long-Lived
Assets. After reclassifying the Enterprise business to discontinued operations, our continuing operations consist solely of our remaining segment, the Consumer
business, which includes our online support services as well as our consumer software products.
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Source: Support.com, Inc., 10-K, March 12, 2010 Powered by Morningstar® Document Research℠