Business Combinations

6 Months Ended

Jun. 30, 2021

Business Combination and Asset Acquisition [Abstract]

Business Combinations

Business Combinations

Ionic Security, Inc.

On April 9, 2021, the Company acquired Ionic Security, Inc. (“Ionic”), a data security platform based in Atlanta, Georgia, for a purchase price of $30.2 million paid in cash. The acquisition was accounted for as a business combination.

The acquired entity’s results of operations were included in the Company’s condensed consolidated financial statements from the date of the acquisition. Pro forma results of operations for this acquisition are not presented as the financial impact to the Company’s consolidated financial statements is not material.

As of June 30, 2021, the areas not yet finalized due to information that may become available subsequent to the filing of this Quarterly Report on Form 10-Q and may result in changes in the values recorded at June 30, 2021, relate to the valuation of acquired intangible assets, contingencies and income and other taxes.The Company incurred $1.1 million of costs related to this acquisition, which were expensed as incurred and recorded in general and administrative expenses in the accompanying condensed consolidated statement of operations.