INTANGIBLE ASSETS AND GOODWILL

12 Months Ended

Dec. 31, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

NOTE 9:-

INTANGIBLE ASSETS AND GOODWILL

Intangible assets:

Acquired intangible assets consisted of the following as of December 31, 2018, 2017 and 2016:

	As of December 31,
	2018			2017			2016

Intangible assets with finite lives:

Current Technology	$	30,821		$	-		$	-
Customer relationships		3,857			-			-
Trade names		3,721			-			-
Patents		1,400			1,400			1,400
Backlog		193			-			-

Gross intangible assets		39,992			1,400			1,400

Less - accumulated amortization		(1,488	)		(285	)		(141	)

Total intangible assets, net	$	38,504		$	1,115		$	1,259

Amortization expenses for the years ended December 31, 2018, December 31, 2017, the six months ended December 31, 2016, and the year ended June 30, 2016, were $1,193, $144, $57, and $84, respectively.

The reported amount of net acquisition-related intangible assets can fluctuate due to the impact of changes in foreign currency exchange rates on intangible assets not denominated in U.S. dollars.

Expected future amortization expenses of acquired intangible assets as of December 31, 2018 are as follows:

2019	$	4,673
2020		4,769
2021		4,818
2022		4,883
2023		4,868
2024 and thereafter		14,493

	$	38,504

Goodwill:

The following summarizes the goodwill activity for the year ended December 31, 2018:

	Total

Goodwill at January 1, 2018	$	-
Business combinations		34,445
Foreign currency translation		429

Goodwill at December 31, 2018	$	34,874