assets ( including trade receivables ) that are in the scope of the update .asu 2016-13 also made amendments to the current impairment model for held-to-maturity and available-for-sale debt securities and certain guarantees .the guidance will become effective for us on january 1 , 2020 .early adoption is permitted for periods beginning on or after january 1 , 2019 .we are evaluating the effect of asu 2016-13 on our consolidated financial statements .note 2 2014 acquisitions the transactions described below were accounted for as business combinations , which requires that we record the assets acquired and liabilities assumed at fair value as of the acquisition date .on october 17 , 2018 , we acquired sicom systems , inc .( 201csicom 201d ) for total purchase consideration of $ 409.2 million , which we funded with cash on hand and by drawing on our revolving credit facility ( described in 201cnote 8 2014 long-term debt and lines of credit 201d ) .sicom is a provider of end-to-end enterprise , cloud-based software solutions and other technologies to quick service restaurants and food service management companies .sicom 2019s technologies are complementary to our existing xenial solutions , and we believe this acquisition will expand our software-driven payments strategy by enabling us to increase our capabilities and expand on our existing presence in the restaurant vertical market .prior to the acquisition , sicom was indirectly owned by a private equity investment firm where one of our board members is a partner and investor .his direct interest in the transaction was approximately $ 1.1 million , the amount distributed to him based on his investment interest in the fund of the private equity firm that sold sicom to us .based on consideration of all relevant information , the audit committee of our board of directors recommended that the board approve the acquisition of sicom , which it did .the provisional estimated acquisition-date fair values of major classes of assets acquired and liabilities assumed as of december 31 , 2018 , including a reconciliation to the total purchase consideration , were as follows ( in thousands ) : .
[['cash and cash equivalents', '$ 7540'], ['property and equipment', '5943'], ['identified intangible assets', '188294'], ['other assets', '22278'], ['deferred income taxes', '-48448 ( 48448 )'], ['other liabilities', '-31250 ( 31250 )'], ['total identifiable net assets', '144357'], ['goodwill', '264844'], ['total purchase consideration', '$ 409201']]
as of december 31 , 2018 , we considered these balances to be provisional because we were still in the process of determining the final purchase consideration , which is subject to adjustment pursuant to the purchase agreement , and gathering and reviewing information to support the valuations of the assets acquired and liabilities assumed .goodwill arising from the acquisition of $ 264.8 million , included in the north america segment , was attributable to expected growth opportunities , an assembled workforce and potential synergies from combining our existing businesses .we expect that approximately $ 50 million of the goodwill from this acquisition will be deductible for income tax purposes .74 2013 global payments inc .| 2018 form 10-k annual report .

Question: what percentage of total purchase consideration is composed of goodwill?
Answer: 64.7%