Goodwill of $34,298,000 represents the premium we paid over the  fair value of the net tangible and intangible assets we acquired for  LIM. We paid this premium for a number of reasons, including the  strategic benefit of expanding our core data and software businesses  and gaining access to several new industries via a new distribution  channel for Morningstar. LIM currently serves about 130 clients  including some of the world’s largest asset managers, banks, oil  companies, power and natural gas trading firms, utilities, risk man- agers, and agriculture and commodities trading firms. The goodwill  we recorded is not considered deductible for income tax purposes. We completed four other acquisitions in 2009, as follows: The total purchase price of these four acquisitions was $5,686,000,  net of cash acquired. This entire amount was substantially paid in  2009. The following table summarizes our allocation of the purchase  prices to the estimated fair values of the assets acquired and lia- bilities assumed at the dates of acquisition for these four acquisitions: The deferred tax liability of $511,000 is primarily because the amor- tization expense related to certain intangible assets is not deduct- ible for income tax purposes. Approximately $1,344,000 of the  intangible assets is deductible for income tax purposes over a period  of approximately 15 years from the acquisition date. Morningstar, Inc. 2010 Annual Report 121 U  Intech Pty Ltd (Intech) is a leading provider of multimanager and  investment portfolio solutions in Sydney, Australia. Intech also  manages a range of single sector, alternative strategy, and diver- sified investment portfolios, has one of the leading separately  managed account databases in Australia, and offers the Intech  Desktop Consultant, a research software product for institutions.  We began including the financial results of this acquisition in our  Consolidated Financial Statements on June 30, 2009. U  Andex Associates, Inc. (Andex) is known for its Andex Charts,  which illustrate historical market returns, stock index growth,  inflation rates, currency rates, and general economic conditions  for the United States dating back to 1926, and for Canada dating  back to 1950. We began including the financial results of this  acquisition in our Consolidated Financial Statements on May 1, 2009. U  Global financial filings database business of Global Reports LLC  (Global Reports) provides timely online access to full-color finan- cial filings from more than 37,000 publicly traded companies in  approximately 130 countries and offers more than 500,000 current  and historical filings and reports, such as annual and interim reports,  initial public offerings, and Corporate and Social Responsibility  reports, in their native languages and in English when available.  We began including the financial results of this acquisition in our  Consolidated Financial Statements on April 20, 2009. U  Canadian Investment Awards and Gala is Canada’s marquee  investment awards program, recognizing excellence in products  and firms within the financial services industry. We began includ- ing the financial results of this acquisition in our Consolidated  Financial Statements on December 17, 2009. Other Acquisitions in 2009 The purchase price allocation includes $4,306,000 of acquired intan- gible assets, as follows: Weighted  Average Useful Life  ($000)  (years) Customer-related assets  $ 3,135  10 Technology-based assets  971  9 Intellectual property (trademarks and trade names)  173  8 Non-competition agreement  27  4 Total intangible assets  $ 4,306  10 ($000) Cash and cash equivalents $ 1,295 Accounts receivable  2,342 Other current assets  515 Other non-current assets  135 Intangible assets  4,306 Goodwill  3,225 Accounts payable and accrued liabilities  (4,026) Deferred tax liability—non-current  (511) Other non-current liabilities (300) Total purchase price  $ 6,981