Related Party Transactions

9 Months Ended

Sep. 30, 2020

12.	Related Party Transactions

Vista Equity Partners (“Vista”), the Company’s majority shareholder, is a U.S.-based investment firm. During the three and nine months ended September 30, 2020, the Company paid a total of $0.2 million and $0.4 million, respectively, for consulting services, executive recruitment, and other expenses related to services provided by Vista and Vista affiliates. During the three and nine months ended September 30, 2019, the Company paid a total of $0.2 million and $0.9 million, respectively, for consulting services, executive recruitment, and other expenses related to services provided by Vista and Vista affiliates. At September 30, 2020, the Company had immaterial accounts payable to Vista. At December 31, 2019, the Company had $0.1 million in accounts payable due to Vista.

In the normal course of business, the Company sells technology solutions as recurring subscriptions to portfolio companies of Vista. Sales to Vista portfolio companies were immaterial during the three months and nine months ended September 30, 2020 and 2019. At September 30, 2020 and December 31, 2019, the Company had immaterial accounts receivable and deferred revenue from Vista portfolio companies on the condensed consolidated balance sheets.

The Company purchased software licenses, software services, and related IT support services from Vista portfolio companies. Purchases from Vista portfolio companies amounted to $0.2 million and $0.3 million, during the three months ended September 30, 2020 and 2019, and $0.7 million, during both the nine months ended September 30, 2020 and 2019. At September 30, 2020 and December 31, 2019, the Company had immaterial accounts payable due to Vista portfolio companies.