Subsequent Events

12 Months Ended

Dec. 31, 2020

Subsequent Events [Abstract]

Subsequent Events

(20) Subsequent Events

Red Sky Technologies Inc. Acquisition

On January 15, 2021, the Company entered into a Stock Purchase Agreement with Red Sky Technologies Inc. (“Red Sky”) pursuant to which the Company purchased all of the issued and outstanding shares of stock of Red Sky for a base consideration of $55.4 million, net of cash acquired. The Company paid $32.4 million in cash, net of cash acquired, and issued 162,820 newly issued shares of the Company’s common stock at closing. In addition to the base purchase price, there is also a potential contingent payment of up to approximately $30 million that can be earned by the sellers based on certain revenue targets through June 30, 2021. The Company acquired Red Sky to expand the Company’s customer base and for its E911 incident response solutions platform to enhance the Company’s CEM suite of solutions.

2022 Notes Conversions

From January 1, 2021 through February 26, 2021, the Company issued 581,829 shares of common stock to holders of the 2022 Notes for settlement of conversion of an aggregate principal amount of approximately $19.6 million of such notes.