Schedule of Allocation of Purchase Price |
The purchase price was allocated to the assets acquired and liabilities assumed based on their estimated fair values as of August 1, 2024, as follows (in thousands): | | | | | | Purchase consideration: | Cash | $ | 19,500 | | Fair value of contingent consideration | 9,000 | | Total consideration | $ | 28,500 | | | | Identifiable intangible assets acquired: | | Technology | 7,700 | | Total identifiable intangible assets acquired | 7,700 | | | | Liabilities assumed: | | | | Accrued compensation and employee benefits | 9 | | Total liabilities assumed | 9 | | | | Goodwill | 20,809 | | Net assets acquired | $ | 28,500 | |
The purchase price was allocated to the assets acquired and liabilities assumed based on their estimated fair values as of January 20, 2023, as follows (in thousands): | | | | | | Purchase consideration: | Cash | $ | 387,823 | | Fair value of Class A common stock issued | 261,271 | | Fair value of contingent consideration | 66,600 | | Total consideration | $ | 715,694 | | | | Tangible assets acquired: | | Accounts receivable | $ | 28,065 | | Prepaid expenses and other current assets | 675 | | | | Total tangible assets acquired | 28,740 | | | | Identifiable intangible assets acquired: | | Customer relationships | 345,100 | | Technology | 50,700 | | Corporate trade name | 8,200 | | Total identifiable intangible assets acquired | 404,000 | | | | Liabilities assumed: | | | | Accrued liabilities | 5,409 | | Accrued compensation and employee benefits | 6,173 | | Deferred tax liabilities, net | 100,486 | | Deferred revenue | 142 | | | | Total liabilities assumed | 112,210 | | | | Goodwill (1) | 395,164 | | Net assets acquired | $ | 715,694 | | ———————— (1)Goodwill acquired does not include $1.0 million of measurement period adjustments of $2.4 million in reductions due to goodwill written off upon disposal of non-strategic assets subsequent to March 31, 2023.
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Schedule of Assets Acquired and Liabilities |
The purchase price was allocated to the assets acquired and liabilities assumed based on their estimated fair values as of January 20, 2023, as follows (in thousands): | | | | | | Purchase consideration: | Cash | $ | 387,823 | | Fair value of Class A common stock issued | 261,271 | | Fair value of contingent consideration | 66,600 | | Total consideration | $ | 715,694 | | | | Tangible assets acquired: | | Accounts receivable | $ | 28,065 | | Prepaid expenses and other current assets | 675 | | | | Total tangible assets acquired | 28,740 | | | | Identifiable intangible assets acquired: | | Customer relationships | 345,100 | | Technology | 50,700 | | Corporate trade name | 8,200 | | Total identifiable intangible assets acquired | 404,000 | | | | Liabilities assumed: | | | | Accrued liabilities | 5,409 | | Accrued compensation and employee benefits | 6,173 | | Deferred tax liabilities, net | 100,486 | | Deferred revenue | 142 | | | | Total liabilities assumed | 112,210 | | | | Goodwill (1) | 395,164 | | Net assets acquired | $ | 715,694 | | ———————— (1)Goodwill acquired does not include $1.0 million of measurement period adjustments of $2.4 million in reductions due to goodwill written off upon disposal of non-strategic assets subsequent to March 31, 2023.
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