On December 1, 2025, the Company acquired all outstanding stock of FluentStream, a provider of cloud communications/ unified-communications-as-a-service (“UCaaS”) solutions for small and medium-sized organizations, for total gross cash consideration of approximately $50.5 million, subject to cash acquired and customary working capital adjustments. The Company’s payment of the purchase price was not subject to any contingency requirements.

During first fiscal quarter of fiscal 2027, the Company received $0.4 million from the seller which is recorded in investing activities in the Company’s condensed consolidated statements of cash flows.

The following table summarizes the final purchase price allocation, as adjusted (in thousands):


	Fair Value
Cash and cash equivalents	$	7,386
Accounts receivable		389
Prepaids and other current assets		61
Intangible assets		28,000
Goodwill		18,630
Accounts payable and other liabilities		(1,817	)
Regulatory fees and taxes		(2,133	)
Total purchase consideration	$	50,516

The following table sets forth the components of identifiable intangible assets acquired and their estimated useful lives as of the date of acquisition (in thousands):

Customer relationships represent the estimated fair values of the underlying relationships with FluentStream’s customer base.

On December 29, 2025, the Company acquired all outstanding stock of Phone.com, a provider of UCaaS solutions for small and medium-sized organizations, for total gross cash consideration of approximately $22.7 million, subject to cash acquired and customary working capital adjustments. The Company’s payment of the purchase price was not subject to any contingency requirements. The Company is required to withhold $1.0 million of the purchase price to fund holdback amounts for the purposes of providing security for any indemnification and other obligations and any purchase price adjustment in accordance with the acquisition agreement. The holdback amounts are not held in escrow, and as of January 31, 2026, $0.6 million were recorded as accrued expenses and other current liabilities and $0.4 million were recorded as other liabilities in the condensed consolidated balance sheets.

The following table summarizes the final purchase price allocation, as adjusted (in thousands):


	Fair Value
Cash and cash equivalents	$	1,177
Accounts receivable		827
Other current and non-current assets		364
Intangible assets		18,900
Goodwill		8,729
Accounts payable and other liabilities		(3,429	)
Deferred revenue		(1,351	)
Deferred tax liability		(2,547	)
Total purchase consideration	$	22,670

The following table sets forth the components of identifiable intangible assets acquired and their estimated useful lives as of the date of acquisition (in thousands):

Customer relationships represent the estimated fair values of the underlying relationships with Phone.com’s customer base.

Fair Value

Useful Life (in years)

Customer relationships

Developed technology

Trade name

Identifiable intangible assets