8. BUSINESS COMBINATIONS BISAM On March 17, 2017, FactSet acquired BI-SAM Technologies (BISAM) for a total purchase price of $ 217.6 million. BISAM is a global provider of portfolio performance and attribution, multi-asset risk, GIPS composites management and reporting. BISAMs product offerings include B-One, BISAMs cross-asset solution, which will serve as a complement to both FactSets portfolio analytics suite and client reporting solutions, and Cognity, which enhances FactSets risk analysis for derivatives and quantitative portfolio construction. These factors contributed to a purchase price in excess of fair value of BISAMs net tangible and intangible assets, leading to the recognition of goodwill. At the time of acquisition, BISAM employed over 160 employees based primarily in its New York, Boston, Paris, London and Sofia offices. Total transaction costs related to the acquisition were $3.2 million in fiscal 2017 and were recorded within Selling, General and Administrative (SG&amp;A) expenses in the Consolidated Statements of Income. Allocation of the purchase price to the assets acquired and liabilities assumed was finalized during the fourth quarter of fiscal 2017. There were no significant adjustments between the preliminary and final allocation. The total purchase price was allocated to BISAM s net tangible and intangible assets based upon their estimated fair value as of the date of acquisition. (i n thousands ) Tangible assets acquired $ 27,583 Amortizable intangible assets Software technology 18,261 Client relationships 37,597 Trade name 741 Goodwill 173,898 Total assets acquired $ 258,080 Liabilities assumed (40,443 ) Net assets acquired $ 217,637 Intangible assets of $ 56.6 million have been allocated to amortizable intangible assets consisting of client relationships, amortized over 16 years using an accelerated amortization method; software technology, amortized over five years using a straight-line amortization method; and a trade name, amortized over four years using a straight-line am