Business Combinations (Tables)

9 Months Ended

Sep. 30, 2021

Business Combinations

Schedule of estimated fair value of the assets acquired and liabilities assumed for business combinations

	Weighted Average Useful Life (in years)	V12 Data		HOA		Rynoh		AHP		Other Acquisitions		Total
Purchase consideration:
Cash		$	20,346	$	82,355	$	32,302	$	43,750	$	25,321	$	204,074
Issuance of common stock			—		21,687		—		—		3,106		24,793
Payable			—		3,014		3,500		2,500		—		9,014
Contingent consideration - equity-classified			—		6,685		—		—		—		6,685
Contingent consideration - liability-classified			1,410		—		—		—		327		1,737
Total purchase consideration:		$	21,756	$	113,741	$	35,802	$	46,250	$	28,754	$	246,303
Assets:
Cash, cash equivalents and restricted cash		$	1,035	$	17,766	$	408	$	5,078	$	1,106	$	25,393
Current assets			4,939		235,669		932		9,761		1,579		252,880
Property and equipment			996		2,267		334		17		80		3,694
Intangible assets:
Customer relationships	10.0		1,650		16,700		12,700		—		8,900		39,950
Acquired technology	5.0		3,525		—		2,900		—		970		7,395
Trademarks and tradenames	11.0		1,225		12,200		900		700		5,160		20,185
Non-competition agreements	2.0		40		—		90		—		55		185
Value of business acquired	1.0		—		400		—		—		—		400
Renewal rights	8.0		—		7,692		—		2,042		—		9,734
Insurance licenses	Indefinite		—		4,960		—		—		—		4,960
Goodwill			16,760		47,361		21,952		43,095		13,582		142,750
Other non-current assets			—		55,165		—		25		1,000		56,190
Total assets acquired			30,170		400,180		40,216		60,718		32,432		563,716
Current liabilities			(6,388)		(273,759)		(409)		(14,389)		(2,252)		(297,197)
Long term liabilities			(2,026)		(8,913)		—		(79)		(1,000)		(12,018)
Deferred tax liabilities, net			—		(3,767)		(4,005)		—		(426)		(8,198)
Net assets acquired		$	21,756	$	113,741	$	35,802	$	46,250	$	28,754	$	246,303

Summary of estimated unaudited pro forma consolidated financial information

	Three months ended				Nine months ended
		September 30,				September 30,
	2021		2020		2021		2020
Revenue	$	62,769	$	40,762	$	160,379	$	109,599
Net loss	$	(5,099)	$	(41,820)	$	(84,516)	$	(69,428)

January 12, 2021 Acquisition ("V12 Data")

Business Combinations

Summary of fair value of the intangible assets

			Estimated
	Fair		Useful Life
	Value		(in years)
Intangible assets:
Customer relationships	$	1,650	10
Acquired technology		3,525	4
Trademarks and tradenames		1,225	15
Non-competition agreements		40	2
	$	6,440

April 5, 2021 Acquisition ("HOA")

Business Combinations

Summary of fair value of the intangible assets

			Estimated
	Fair		Useful Life
	Value		(in years)
Intangible assets:
Customer relationships	$	16,700	10
Trademarks and tradenames		12,200	10
Business acquired		400	1
Renewal rights		7,692	8
Insurance licenses		4,960	Indefinite
	$	41,952

May 20, 2021 Acquisition ("Rynoh")

Business Combinations

Summary of fair value of the intangible assets

			Estimated
	Fair		Useful Life
	Value		(in years)
Intangible assets:
Customer relationships	$	12,700	10
Acquired technology		2,900	7
Trademarks and tradenames		900	20
Non-competition agreements		90	1
	$	16,590

September 9, 2021 Acquisition ("AHP")

Business Combinations

Summary of fair value of the intangible assets

			Estimated
	Fair		Useful Life
	Value		(in years)
Intangible assets:
Renewal rights	$	2,042	6
Trademarks and tradenames		700	10
	$	2,742