Acquisitions CloudGenix Inc. On April 21, 2020, we completed our acquisition of 100% of the voting interest of CloudGenix Inc. (CloudGenix), a privately-held company . We believe the acquisition will strengthen our secure access service edge (SASE) platform. The tota l purchase consideration for the acquisition of CloudGenix was $402.7 million, which consisted of the following (in millions): Amount Cash $ 396.1 Fair value of replacement awards 6.6 Total $ 402.7 As part of the acquisition, we issued $30.3 million of replacement awards, of which the portion attributable to services performed prior to the acquisition date was allocated to purchase consideration. The remaining fair value was allocated to future services and will be expensed over the remaining service periods as share-based compensation. We have accounted for this transaction as a business combination and allocated the purchase consideration to assets acquired and liabilities assumed based on preliminary estimated fair values, as presented in the following table (in millions): Amount Goodwill $ 301.2 Identified intangible assets 109.9 Cash 8.3 Net liabilities assumed (16.7) Total $ 402.7 Goodwill generated from this business combination is primarily attributable to the assembled workforce and expected post-acquisition synergies from integrating CloudGenix technology into our platforms. The goodwill is not deductible for income tax purposes. The following table presents details of the identified intangible assets acquired (in millions, except years): Fair Value Estimated Useful Life Developed technology $ 67.2 5 years Customer relationships 42.7 10 years Total $ 109.9 Aporeto, Inc. On December 23, 2019, we completed our acquisition of 100% of the voting interest of Aporeto, Inc. (Aporeto), a privately-held machine identity-based microsegmentation company. We believe the acquisition will strengthen our cloud-native security platform capabilities delivered by Prisma Cloud. The total purchase consideration for the acquisition of Aporeto was $144.1 million, which consisted of the following (in millions): Amount Cash $ 139.8 Fair value of replacement awards 4.3 Total $ 144.1 As part of the acquisition, we issued $16.4 million of replacement awards, of which the portion attributable to services performed prior to the acquisition date was allocated to purchase consideration. The remaining fair value was allocated to future services and will be expensed over the remaining service periods as share-based compensation. We have accounted for this transaction as a business combination and allocated the purchase consideration to assets acquired and liabilities assumed based on preliminary estimated fair values, as presented in the following table (in millions): Amount Goodwill $ 111.3 Identified intangible assets 23.8 Cash 10.5 Net liabilities assumed (1.5) Total $ 144.1 Goodwill generated from this business combination is primarily attributable to the assembled workforce and expected post-acquisition synergies from integrating Aporetos technology into our platforms. The goodwill is not deductible for income tax purposes. The following table presents details of the identified intangible assets acquired (in millions, except years): Fair Value Estimated Useful Life Developed technology $ 20.5 7 years Customer relationships 3.3 4 years Total $ 23.8 Zingbox, Inc. On September 20, 2019, we completed our acquisition of 100% of the voting equity interest of Zingbox, Inc. (Zingbox), a privately-held Internet of Things (IoT) security company. We believe the acquisition will accelerate our delivery of IoT security through our Next-Generation Firewall and Cortex platforms. The total purchase consideration for the acquisition of Zingbox was $66.4 million in cash. As part of the acquisition, we issued replacement equity awards with a total fair value of $5.7 million, which will be expensed over the remaining service periods as share-based compensation. We have accounted for this transaction as a business combination and allocated the purchase consideration to assets acquired and liabilities assumed based on preliminary estimated fair values, as presented in the following table (in millions): Amount Goodwill $ 48.1 Identified intangible assets 20.4 Net liabilities assumed (2.1) Total $ 66.4 Goodwill generated from this business combination is primarily attributable to the assembled workforce and expected post-acquisition synergies from integrating Zingboxs technology into our platforms. The goodwill is not deductible for income tax purposes. The following table presents details of the identified intangible assets acquired (in millions, except years): Fair Value Estimated Useful Life Developed technology $ 18.6 5 years Customer relationships 1.8 8 years Total $ 20.4 Additional Acquisition-Related Information The operating results of the acquired companies are included in our condensed consolidated statements of operations from the dates of acquisition. Pro forma results of operations have not been presented because the effects of the acquisitions were not material to our condensed consolidated statements of operations. Additional information related to the acquired companies, such as that related to income tax and other contingencies, existing as of the respective acquisition dates but unknown to us may become known during the remainder of the measurement period, not to exceed 12 months from the acquisition date, which may result in changes to the amounts and allocations recorded.