On February 1, 2024, we completed the purchase of 100% of the outstanding shares of eloomi A/S ("eloomi"), a learning experience platform software provider based in Copenhagen, Denmark, and Orlando, Florida.

The purchase accounting has not been finalized as of June 30, 2024, with provisional amounts related to intangible assets, including goodwill, and tax positions. Intangible assets recorded for this acquisition consist of $85.2 million of developed technology and $1.8 million of customer relationships. The goodwill arising from the eloomi acquisition is primarily attributable to the potential to achieve synergies and other cost savings through integration with our existing operations. None of the goodwill associated with this acquisition is deductible for income tax purposes.

The major classes of assets and liabilities to which we have preliminarily allocated the purchase price were as follows:


	(In millions)
Cash and equivalents	$	6.5
Trade receivables, prepaid expenses, and other current assets		4.6
Goodwill		112.5
Other intangible assets		87.0
Other assets		0.6
Accounts payable and accrued liabilities		(3.9	)
Deferred revenue		(8.6	)
Deferred tax liability		(19.1	)
Total purchase price	$	179.6