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Business Combinations and Assets and Liabilities Held for Sale (Tables)
12 Months Ended
Dec. 31, 2022
Schedule of Assets and Liabilities Classified as Held for Sale

Assets and liabilities classified as held for sale as of December 31, 2022 were comprised of the following (in thousands):

Accounts receivable

 

$

635

 

Prepaid assets

 

 

254

 

Trade names

 

 

184

 

Customer relationships

 

 

5,344

 

Acquired technology

 

 

68

 

Total assets held for sale

 

$

6,485

 

 

 

 

 

Accounts payable

 

$

53

 

Accrued expenses

 

 

8

 

Deferred revenue

 

 

2,001

 

Total liabilities held for sale

 

$

2,062

 

 

Red Sky Technologies Inc.  
Summary of Allocation of Purchase Consideration and Estimated Values of Assets Acquired and Liabilities Assumed

The following table summarizes the estimated fair value of the assets acquired and the liabilities assumed, which were recorded as of the acquisition date, as well as the aggregate consideration for the acquisition of RedSky made by the Company (in thousands):

 

 

RedSky

 

Assets acquired

 

 

 

Accounts receivable

 

$

2,926

 

Property and equipment

 

 

18

 

Trade names

 

 

2,230

 

Acquired technology

 

 

3,590

 

Customer relationships

 

 

20,000

 

Goodwill

 

 

49,508

 

Other assets

 

 

242

 

Total assets acquired

 

 

78,514

 

Liabilities assumed

 

 

 

Accounts payable

 

 

233

 

Accrued expenses

 

 

773

 

Deferred revenue

 

 

5,866

 

Deferred tax liabilities

 

 

7,048

 

Other liabilities

 

 

26

 

Net assets acquired

 

$

64,568

 

Consideration paid

 

 

 

Cash paid, net of cash acquired

 

$

32,401

 

Fair value of common stock issued

 

 

23,032

 

Contingent consideration

 

 

9,135

 

Total

 

$

64,568

 

 

xMatters Holdings, Inc  
Summary of Allocation of Purchase Consideration and Estimated Values of Assets Acquired and Liabilities Assumed

The following table summarizes the estimated fair value of the assets acquired and the liabilities assumed, which were recorded as of the acquisition date, as well as the aggregate consideration for the acquisition of xMatters made by the Company (in thousands):

 

 

xMatters

 

Assets acquired

 

 

 

Accounts receivable

 

$

6,716

 

Property and equipment

 

 

1,458

 

Trade names

 

 

8,200

 

Acquired technology

 

 

8,390

 

Customer relationships

 

 

78,940

 

Goodwill

 

 

170,437

 

Other assets

 

 

5,433

 

Total assets acquired

 

 

279,574

 

Liabilities assumed

 

 

 

Accounts payable

 

 

1,164

 

Accrued expenses

 

 

5,517

 

Deferred revenue

 

 

34,421

 

Deferred tax liabilities

 

 

3,436

 

Other liabilities

 

 

5,056

 

Net assets acquired

 

$

229,980

 

Consideration paid

 

 

 

Cash paid, net of cash acquired

 

$

165,498

 

Fair value of common stock issued

 

 

64,482

 

Total

 

$

229,980

 

 

Anvil  
Summary of Allocation of Purchase Consideration and Estimated Values of Assets Acquired and Liabilities Assumed

The following table summarizes the estimated fair value of the assets acquired and the liabilities assumed, which were recorded as of the acquisition date, as well as the aggregate consideration for the acquisition of Anvil made by the Company (in thousands):

 

 

Anvil

 

Assets acquired

 

 

 

Accounts receivable

 

$

2,361

 

Property and equipment

 

 

204

 

Trade names

 

 

2,600

 

Acquired technology

 

 

3,800

 

Customer relationships

 

 

25,280

 

Goodwill

 

 

127,061

 

Other assets

 

 

5,022

 

Total assets acquired

 

 

166,328

 

Liabilities assumed

 

 

 

Accounts payable

 

 

837

 

Accrued expenses

 

 

560

 

Deferred revenue

 

 

3,365

 

Deferred tax liabilities

 

 

6,119

 

Other liabilities

 

 

1,821

 

Net assets acquired

 

$

153,626

 

Consideration paid

 

 

 

Cash paid, net of cash acquired

 

$

63,911

 

Consideration loan notes issued

 

 

89,655

 

Contingent consideration

 

 

60

 

Total

 

$

153,626