v3.26.1
Business Combinations (Tables)
 6 Months Ended
Jul. 31, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Schedule of Consideration Transferred The fair value of consideration transferred for Hearsay as of the acquisition date consisted of the following:
(in thousands)
Cash consideration and liabilities incurred
$132,462 
Contingent consideration(1)
39,800 
Fair value of outstanding employee awards assumed
7,825 
Other transaction related payments(2)
640 
Total consideration transferred
$180,727 
(1)    Inclusive of $0.3 million measurement period adjustment recorded during the three months ended April 30, 2025.
(2)    Inclusive of post-closing adjustments of less than $0.1 million.
Schedule of Fair Value Measurement Inputs and Valuation Techniques The key inputs as of the acquisition date are outlined below:
Volatility15%
Revenue beta0.35
Expected timing of paymentFY 2026 - FY 2027
Discount rate
5.90% - 6.20%
The key inputs as of July 31, 2026 are outlined below:
Volatility12.9%
Revenue beta0.29
Expected timing of paymentFY 2027
Discount rate
11.99% - 12.00%
A rollforward of the fair value of the contingent consideration liability for the six months ended July 31, 2026 is as follows:
(in thousands)
Balance as of January 31, 2026
$8,200 
Change in fair value
10 
Payments made in the period
(1,410)
Balance as of July 31, 2026
$6,800 
Schedule of Fair Values of Assets Acquired and Liabilities Assumed
The following table summarizes the purchase price allocation of the fair values of the assets acquired and liabilities assumed at the acquisition date:
(amounts in thousands)
Assets acquired:
  Cash and cash equivalents $26,362 
  Accounts receivable, net5,619 
  Prepaid expenses and other current assets 2,454 
  Property and equipment, net399 
  Operating lease right-of-use assets414 
  Other long term assets(1)
5,942 
Liabilities assumed:
  Accounts payable, accrued expenses, and other current liabilities (5,127)
  Operating lease liabilities, current(74)
  Unearned revenue, current(37,672)
  Operating lease liabilities, non-current(340)
  Other long term liabilities(1)(2)
(11,340)
Identifiable intangible assets acquired(3)
101,850 
Net assets acquired 88,487 
Goodwill92,240 
Total consideration(4)(5)
$180,727 
(1)    Other long term assets includes a $5.9 million indemnification asset, with the underlying indemnified liability of $6.2 million recorded within other long term liabilities.
(2)    Included within other long term liabilities is a deferred tax liability of $3.6 million.
(3)    Inclusive of measurement period adjustments of $0.7 million recorded during the three months ended April 30, 2025.
(4)    Inclusive of post-closing adjustments of less than $0.1 million.
(5)    Inclusive of measurement period adjustments of $0.3 million related to contingent consideration recorded during the three months ended April 30, 2025.
Schedule of Amounts Allocated to Intangible Assets Identified and Estimated Useful Lives
The following table sets forth the amounts allocated to the intangible assets identified and their estimated useful lives as of the acquisition date:
Identifiable Intangible Assets Acquired Fair Value
(In thousands)		Estimated Useful Life
(In years)		Classification of Amortization
Customer relationships$76,200 13Sales and marketing
Technology24,800 3Cost of revenue
Trademark850 3Sales and marketing
Total$101,850