5. Acquisition On February 28, 2013, the Company acquired all of the outstanding shares of Xtrakter Limited ( Xtrakter ) from Euroclear S.A./N.V. Xtrakter is a U.K.-based provider of trade matching, regulatory transaction reporting and market and reference data across a range of fixed-income products. The acquisition of Xtrakter provides the Company with an expanded set of technology solutions ahead of incoming pre-and post-trade transparency mandates from the Markets in Financial Instruments Directive II in Europe. The aggregate purchase price was $37.8 million in cash, net of acquired cash. During the six months ended June 30, 2013, transaction costs such as legal, regulatory, accounting, tax, valuation and other professional services were $1.6 million. The Company has completed a preliminary allocation of the purchase price to the fair value of assets acquired and liabilities assumed at the date of acquisition. It is possible that the purchase price allocation will be adjusted upon finalization of the valuation for the acquired intangible assets and income tax liabilities. The preliminary purchase price allocation is as follows (in thousands): Purchase price $ 46,683 Less: acquired cash (8,856 ) Purchase price, net of acquired cash 37,827 Accounts receivable 3,538 Intangible assets 13,255 Other assets 1,718 Deferred tax liability, net (2,342 ) Accounts payable, accrued expenses and deferred revenue (4,576 ) Goodwill $ 26,234 The acquired intangible assets are as follows (in thousands, except for useful lives): Costs Useful Lives Customer relationships $ 5,455 10-15 years Internally developed software 5,000 3 years Tradename- indefinite life 1,820 indefinite Tradename- finite life 300 3 years Non-compete agreement 380 3 years Other 300 indefinite Total $ 13,255 The identifiable intangible assets and goodwill are not deductible for tax purposes. Since the date of the acquisition, Xtrakter-related revenue and net income of $7.4 million and $0.3 million, respectively, have been included in the Company s Consolidat