v3.26.1
Business Acquisitions
 6 Months Ended
Jul. 31, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Business Acquisition Business Acquisitions
WorkFusion, Inc.
On February 5, 2026, we acquired all outstanding equity of WorkFusion, Inc. ("WorkFusion"), a U.S.-based software company specializing in AI agents for financial crimes compliance. With this acquisition, we expand our portfolio of agentic AI-powered solutions for the financial services and banking industries.
The total purchase consideration was $189.5 million, consisting of initial cash consideration totalling $160.0 million and contingent consideration with an acquisition-date fair value of $29.5 million.
The WorkFusion acquisition was accounted for as a business combination. The following table summarizes the allocation of purchase price to the assets acquired and liabilities assumed as of the acquisition date (in thousands):
February 5, 2026
Intangible assets$92,400 
Deferred tax asset30,436 
Other net assets8,534 
Goodwill58,157 
Total$189,527 
The following table sets forth the identifiable intangible assets acquired and their estimated useful lives as of the acquisition date:
Fair Value (in thousands)Estimated Useful Life (in years)
Customer relationships$48,900 7.0
Developed technology43,500 5.0
Total$92,400 
The acquisition of WorkFusion generated goodwill of $58.2 million representing expected synergies and acquired skilled workforce. None of this goodwill is deductible for tax purposes.
Peak AI Limited
On March 7, 2025, we acquired all outstanding equity of Peak AI Limited ("Peak"), a UK-based software company that provides pricing and inventory intelligence technology. With this acquisition, we gained an experienced team, established customer relationships in retail and manufacturing sectors, and technology that is optimized for industry-specific use cases.
The total purchase consideration was $38.1 million, consisting of initial cash consideration of $30.3 million and deferred and contingent consideration with an aggregate acquisition-date fair value of $7.8 million.
The Peak acquisition was accounted for as a business combination. The purchase price was allocated to identifiable intangible assets, primarily consisting of customer relationships and developed technology, of $16.2 million with a weighted-average useful life of 3.8 years, other net liabilities of $5.4 million, and goodwill of $27.3 million, none of which is deductible for tax purposes.