Acquisitions

12 Months Ended

Dec. 31, 2025

Business Combination [Abstract]

Acquisitions

8. Acquisitions

iCheckGateway.com, LLC. On June 3, 2024, we acquired 100% of the equity of iCheckGateway.com, LLC (“iCG”), an ACH and credit card payment processing company. The acquisition date fair value of the consideration transferred was $17.6 million in cash paid upon close.

The iCG acquisition includes provisions for up to $15.0 million of potential future earn-out payments. The earn-out payments are tied to performance-based goals and a defined service period and are accounted for as post-acquisition compensation, as applicable. The earn-out period is through June 3, 2027. During 2025, we made earn-out payments of $5.0 million. As of December 31, 2025, we have accrued $4.8 million related to potential future earn-out payments, included in other current liabilities on our Balance Sheet.

DGIT Systems Pty Ltd. On October 4, 2021, we acquired DGIT, a provider of configure, price and quote (CPQ), and order management solutions for the telecommunications industry. We acquired 100% of the equity of DGIT for a purchase price of approximately $16 million, with approximately $14 million paid upon close. We made the remaining $2.0 million of deferred purchase price payments in 2025, 2024, and 2023 of $0.3 million, $0.5 million, and $1.2 million, respectively.

The DGIT acquisition includes provisions for up to approximately $12 million of potential future earn-out payments. The earn-out payments are tied to performance-based goals and a defined service period and are accounted for as post-acquisition compensation, as applicable. The earn-out period is through December 31, 2026. During 2022, $0.3 million of the earn-out had been achieved and was paid in 2023. During 2024, $0.4 million of the earn-out had been achieved and was paid in 2025. As of December 31, 2025, we have accrued $10.9 million related to future earn-out payments, included in other current liabilities on our Balance Sheet.