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, 2012


	At December 31,
	2012		2011
Revenues	$	162,859	$	148,695
Net income		528		3,772
Net income per share:
Basic		0.02		0.12
Diluted		0.02		0.11

FundQuest [Member]

Business Acquisition [Line Items]

Consideration transferred in acquisition


Cash paid to owners	$	24,390
Non-cash consideration:
Favorable contract		4,897
Other		1,241
Cash acquired		(671	)
Working capital adjustment		(2,061	)

	$	27,796

Estimated fair values of assets acquired at the date of acquisition


	December 31, 2011 (As Adjusted)
Accounts receivable	$	2,603
Prepaid expenses and other current assets		46
Property and equipment		442
Intangible assets		11,830
Goodwill		19,303
Accounts payable and accrued liabilities		(1,364	)
Deferred income taxes		(4,710	)
Deferred revenue		(354	)

Total assets acquired	$	27,796

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

Amount

Weighted-
Average
Useful Life
In Years

Amortization
Method

Customer list

11,830

Accelerated

Prima Capital Holding, Inc [Member]

Business Acquisition [Line Items]

Consideration transferred in acquisition


Cash paid to owners	$	13,750
Cash acquired		(1,767	)
Cash paid for working capital settlement		1,942

	$	13,925

Estimated fair values of assets acquired at the date of acquisition


Accounts receivable	$	72
Prepaid expenses and other current assets		36
Notes receivable		860
Property and equipment		103
Deferred income taxes - non current		1,328
Intangible assets		4,940
Goodwill		9,283
Accounts payable and accrued liabilities		(171	)
Deferred income tax liabilities		(1,796	)
Deferred revenue		(730	)

Total net assets acquired	$	13,925

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


	Amount		Weighted- Average Useful Life in Years		Amortization Method
Customer list	$	3,740		10		Accelerated
Proprietary technology		700		5		Accelerated
Trade names		500		5		Accelerated

Total	$	4,940

Tamarac, Inc. [Member]

Business Acquisition [Line Items]

Consideration transferred in acquisition


Cash paid to owners	$	54,000
Non-cash consideration		101
Cash acquired		(2,533	)
Receivable from working capital settlement		(3,141	)

	$	48,427

Estimated fair values of assets acquired at the date of acquisition


Accounts receivable	$	489
Other receivables		681
Prepaid expenses and other current assets		216
Deferred income tax assets		7,235
Property and equipment		444
Deposits		379
Intangible assets		16,150
Goodwill		35,027
Accounts payable and accrued liabilities		(2,356	)
Deferred income tax liabilities		(5,907	)
Deferred revenue		(3,931	)

Total net assets acquired	$	48,427

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


	Amount		Weighted- Average Useful Life in Years		Amortization Method
Customer list	$	8,680		12		Accelerated
Proprietary technology		5,880		8		Accelerated
Trade names		1,590		5		Accelerated

Total	$	16,150

- Definition

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

+ References + Details