Envestnet, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Business Acquisitions (Tables)

Business Acquisitions (Tables)

12 Months Ended

Dec. 31, 2015

Schedule of pro forma financial information


	At December 31,
	2015		2014
Revenues	$	517,891	$	457,972
Net loss		(48,973)		(26,846)
Net loss per share:
Basic		(1.15)		(0.66)
Diluted		(1.15)		(0.66)

WMS

Business acquisitions

Summary of consideration in the acquisition


Cash paid to owners	$	8,992
Contingent consideration		15,738
	$	24,730

Summary of the estimated fair values of the assets acquired and liabilities assumed at the date of acquisition


Total tangible assets acquired	$	1,296
Total liabilities assumed		(2,257)
Identifiable intangible assets		17,000
Goodwill		8,691
Total net assets acquired	$	24,730

Summary of intangible assets acquired, estimated useful lives and amortization method


			Weighted Average	Amortization
	Amount		Useful Life in Years	Method
Customer list	$	14,000	12	Accelerated
Proprietary technology		3,000	2.5	Accelerated
Total	$	17,000

Klein

Business acquisitions

Summary of consideration in the acquisition


Cash paid to owners	$	1,288
Promissory note		1,500
Contingent consideration		2,800
	$	5,588

Summary of the estimated fair values of the assets acquired and liabilities assumed at the date of acquisition


Total tangible assets acquired	$	53
Total liabilities assumed		(396)
Identifiable intangible assets		2,900
Goodwill		3,031
Total net assets acquired	$	5,588

Summary of intangible assets acquired, estimated useful lives and amortization method


			Weighted Average	Amortization
	Amount		Useful Life in Years	Method
Customer list	$	2,200	10	Accelerated
Proprietary technology		700	3	Straight-line
Total	$	2,900

Placemark Holdings Inc

Business acquisitions

Summary of consideration in the acquisition


Cash paid to owners	$	66,000
Cash acquired		(8,419)
Receivable from working capital settlement		701
	$	58,282

Summary of the estimated fair values of the assets acquired and liabilities assumed at the date of acquisition


Total tangible assets acquired	$	4,608
Total liabilities assumed		(3,118)
Identifiable intangible assets		30,000
Goodwill		27,362
Total net assets acquired	$	58,852

Summary of intangible assets acquired, estimated useful lives and amortization method


			Weighted Average Useful	Amortization
	Amount		Life in Years	Method
Customer list	$	24,000	11	Accelerated
Proprietary technology		5,000	5	Straight-line
Trade names		1,000	5	Straight-line
Total	$	30,000

Upside Holdings, Inc.

Business acquisitions

Summary of consideration in the acquisition


Cash consideration	$	2,040
Purchase consideration liability		615
Cash acquired		(14)
Total	$	2,641

Summary of the estimated fair values of the assets acquired and liabilities assumed at the date of acquisition


Total tangible assets acquired	$	88
Total liabilities assumed		(404)
Identifiable intangible assets		1,450
Goodwill		1,507
Total net assets acquired	$	2,641

Summary of intangible assets acquired, estimated useful lives and amortization method


			Weighted Average	Amortization
	Amount		Useful Life in Years	Method
Proprietary technology	$	1,450	4	Straight-line

Finance Logix

Business acquisitions

Summary of consideration in the acquisition


Cash consideration	$	20,595
Stock and stock option consideration		8,930
Purchase consideration liability		3,000
Cash acquired		(909)
Total	$	31,616

Summary of the estimated fair values of the assets acquired and liabilities assumed at the date of acquisition


Total tangible assets acquired	$	952
Total liabilities assumed		(2,628)
Identifiable intangible assets		9,800
Goodwill		23,492
Total net assets acquired	$	31,616

Summary of intangible assets acquired, estimated useful lives and amortization method


			Weighted Average	Amortization
	Amount		Useful Life in Years	Method
Customer list	$	8,300	12	Accelerated
Proprietary technology		1,000	4	Straight-line
Trade names and domains		500	5	Straight-line
Total	$	9,800

Castle Rock

Business acquisitions

Summary of consideration in the acquisition


Cash consideration	$	6,190
Contingent consideration liability		1,500
Cash acquired		(320)
Total	$	7,370

Summary of the estimated fair values of the assets acquired and liabilities assumed at the date of acquisition


Total tangible assets acquired	$	255
Total liabilities assumed		(1,254)
Identifiable intangible assets		3,400
Goodwill		4,969
Total net assets acquired	$	7,370

Summary of intangible assets acquired, estimated useful lives and amortization method


			Weighted Average	Amortization
	Amount		Useful Life in Years	Method
Customer list	$	2,500	12	Accelerated
Proprietary technology		800	5	Straight-line
Trade names and domains		100	4	Straight-line
Total	$	3,400

Yodlee, Inc

Business acquisitions

Summary of consideration in the acquisition


Cash consideration	$	363,957
Stock consideration		186,522
Purchase consideration liability		10,061
Attribution of the fair market value of replacement awards		4,318
Cash acquired		(63,234)
	$	501,624

Summary of the estimated fair values of the assets acquired and liabilities assumed at the date of acquisition


Total tangible assets acquired	$	33,815
Total liabilities assumed		(55,240)
Identifiable intangible assets		237,000
Goodwill		286,049
Total net assets acquired	$	501,624

Summary of intangible assets acquired, estimated useful lives and amortization method




			Weighted Average	Amortization
	Amount		Useful Life in Years	Method
Customer list	$	178,000	12	Accelerated
Backlog		11,000	4	Accelerated
Proprietary technology		35,000	5	Straight-line
Trade names		13,000	6	Straight-line
Total	$	237,000