3. Acquisitions Skygistics Ltd. On May 26, 2016, pursuant to an Asset Purchase Agreement entered into on April 11, 2016 among a wholly owned subsidiary of the Company, Skygistics Propriety Limited and Satconnect Propriety Limited (the Skygistics Sellers), the Company completed the acquisition of substantially all of the assets of Skygistics (PTY) Ltd. (Skygistics) for a purchase price of $3,835 and additional contingent consideration of up to $954, subject to certain operational milestones (the Skygistics Acquisition). Contingent Consideration Additional consideration is conditionally due to the Skygistics Sellers upon achievement of certain financial milestones through April 2017. The fair value measurement of the contingent consideration obligation is determined using Level 3 unobservable inputs supported by little or no market activity based on the Companys own assumptions. The estimated fair value of the contingent consideration was determined based on the Companys preliminary estimates using the probability-weighted discounted cash flow approach. The financial milestone for this additional consideration are not expected to be met, and therefore, the Company recorded a reduction of the contingent liability of $519 in selling, general and administrative (SG&amp;A) expenses in the condensed consolidated statement of operations in the three months ended March 31, 2017. Euroscan Holding B.V. On March 11, 2014, pursuant to the Share Purchase Agreement entered into by the Company and MWL Management B.V., R.Q. Management B.V., WBB GmbH, ING Corporate Investments Participaties B.V. and Euroscan Holding B.V., as sellers (the Share Purchase Agreement), the Company completed the acquisition of 100% of the outstanding equity of Euroscan Holding B.V., including, indirectly, its wholly-owned subsidiaries Euroscan B.V., Euroscan GmbH Vertrieb Technischer Gerate, Euroscan Technology Ltd. and Ameriscan, Inc. (collectively, the Euroscan Group or Euroscan) for an aggregate consideration of (i) $29,163, inclusive