Quarterly report pursuant to Section 13 or 15(d)

Business Acquisitions (Tables)

v3.22.1
Business Acquisitions (Tables)
3 Months Ended
Mar. 31, 2022
Business Combinations [Abstract]  
Summary of Purchase Price Allocation as of Acquisition Date

The following table summarizes the allocation of the purchase price as of the acquisition date, January 3, 2022 (in thousands):

 

Cash and cash equivalents

 

 

$

303

 

Accounts receivable and contract asset, net

 

 

 

220

 

Property and equipment, net

 

 

 

200

 

Operating lease right-of-use asset

 

 

 

1,893

 

Software technology

 

 

 

7,140

 

Tradename

 

 

 

1,000

 

Customer relationships

 

 

 

8,200

 

Goodwill

 

 

 

20,355

 

Other asset

 

 

 

186

 

Accrued expenses and other current liabilities

 

 

 

(635

)

Operating lease liabilities

 

 

 

(1,893

)

Deferred revenue

 

 

 

(5,382

)

Total estimated consideration

 

 

$

31,587