Envestnet, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Business Acquisitions (Tables)

Business Acquisitions (Tables)

9 Months Ended

Sep. 30, 2015

Upside Holdings, Inc.

Business acquisitions

Summary of consideration in the acquisition


Cash consideration		$	2,040
Purchase liabilities			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		$	6
Total liabilities assumed			(404)
Identifiable intangible assets			1,450
Goodwill			1,589
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’s

Business acquisitions

Summary of consideration in the acquisition


Cash consideration		$	20,595
Stock and stock option consideration			8,930
Purchase liabilities			2,905
Cash acquired			(909)
Total		$	31,521

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


Total tangible assets acquired		$	99
Total liabilities assumed			(2,339)
Identifiable intangible assets			10,500
Goodwill			23,261
Total net assets acquired		$	31,521

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


					Weighted Average		Amortization
		Amount			Useful Life in Years		Method
Customer list		$	8,500		12		Accelerated
Proprietary technology			2,000		4		Straight-line
Total		$	10,500

Schedule of pro forma financial information


	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2015			2014			2015			2014
Revenues	$	103,782		$	95,532		$	305,403		$	271,540
Net income		3,256			2,191			7,225			6,671
Net income per share:
Basic		0.09			0.06			0.20			0.19
Diluted		0.09			0.06			0.19			0.18