Annual report pursuant to Section 13 and 15(d)

BUSINESS ACQUISITIONS (Tables)

v3.23.1
BUSINESS ACQUISITIONS (Tables)
 12 Months Ended
Mar. 31, 2023
Business Combinations [Abstract]  
Schedule of purchase consideration for the acquisition
The total purchase consideration for the acquisition of Pivot3 was $7.8 million, which consisted of the following (in thousands):

Cash $ 5,000 
Fair value of stock consideration 2,818 
   Total $ 7,818 
Schedule of finite lived intangibles acquired The following table summarizes the preliminary fair values of assets acquired and liabilities assumed as of the date of the acquisition (in thousands):
Amount Estimated Useful Life
Goodwill $ 9,503 
Identified intangible assets:  
   Developed technology 1,700  2 years
   Customer lists 3,700  4 years
Property, plant and equipment 4,300  3 years
Net liabilities assumed (11,385)
   Total $ 7,818