In March 2019, the company acquired Message Mobile GmbH, a provider of enterprise messaging, communication and payment solutions, for a total consideration of $3 million, of which $2.25 million was paid in cash and $750,000 was paid in 345,908 Mind CTI shares.In connection with the acquisition, the Company recorded core technology, customer relationships and goodwill in an amount of approximately $0.3 million, $0.55 million, and $2.2 million, respectively. The estimated useful life of the core technology and customer relationships was 10.75 years and 5.75 years, respectively.