3.  Acquisitions On July 14, 2016, Innodatas MediaMiser subsidiary completed the acquisition of Agility from PR Newswire under an asset purchase agreement for a cash consideration of $ 4.1 million. Agility is a leading global media contact database and media monitoring platform that helps customers target key influencers, amplify content and measure impact. The solution is offered as software-as-a-service (SaaS). MediaMiser acquired Agility to foster growth in North America and Europe by bolstering MediaMisers media intelligence solutions and media databases, improving its media outreach capabilities, and delivering stronger, more data-powered media intelligence to clients. With the acquisition of Agility, MediaMiser is now one of only a handful of companies able to offer a global media contact dataset with integrated workflows for distribution, monitoring and measurement. As this acquisition was effective on July 14, 2016, the results of operations of Agility are included in the condensed consolidated financial statements for the period beginning July 14, 2016. The transaction has been accounted for using the acquisition method of accounting. This method requires that assets acquired and liabilities assumed in a business combination be recognized at their fair values as of the acquisition date. The excess of the purchase price over the net assets acquired was recorded as goodwill. The Company has obtained third party valuations of certain intangible assets. The following table summarizes (in thousands) the preliminary purchase price allocation for the acquisition: Amount Accounts receivable $ 795 Media contact database 3,610 Developed technology 994 Tradenames and trademarks 310 Total identifiable assets acquired 5,709 Accounts payable and accrued expenses 176 Accrued salaries, wages and related benefits 63 Deferred revenues 2,560 Income and other taxes 97 Total liabilities assumed 2,896 Net identifiable assets acquired 2,813 Goodwill 1,239 Net assets acquired $ 4,052 The estimated fair value of the medi