Related Party Transactions

6 Months Ended

Jun. 30, 2020

D&B

As of February 8, 2019, along with its predecessor entities, DNB is considered to be a related party primarily due to the combination of our DNB Investment, our shared Chief Executive Officer and certain shared board members. On July 6, 2020, we invested an additional $100.0 million in connection with the DNB Private Placement. Refer to Note 3 — Investments in Unconsolidated Affiliates for additional details.

As of June 30, 2020 and December 31, 2019, we had a related party receivable of $0.3 million and $0.2 million, respectively, from DNB and its predecessors.

FNF

We are party to certain agreements with Fidelity National Financial, Inc. ("FNF"), including agreements that were entered into when we were related parties, to provide software, data and analytics services, as well as corporate shared services and information technology. We are also a party to certain other agreements under which we incur other expenses or receive revenues from FNF. As a result of our spin-off from FNF and its subsidiaries, FNF and Black Knight are separate independent companies. FNF no longer has an ownership interest in us, but was still considered a related party until December 1, 2019 due to the combination of certain shared board members, members of senior management and various agreements. As of December 1, 2019, the Chairman of our Board of Directors, who also serves as Chairman of FNF's Board of Directors, no longer serves as one of our executive officers, and FNF is no longer considered a related party.

A summary of the revenues and expenses, net from FNF for the periods we were related parties is as follows (in millions):



	Three months ended June 30, 2019		Six months ended June 30, 2019
Revenues	$	16.2	$	30.2
Operating expenses	3.1		5.9

A summary of related party items included in Revenues is as follows (in millions):



	Three months ended June 30, 2019		Six months ended June 30, 2019
Software services	$	10.8	$	19.5
Data and analytics services	5.4		10.7
Total related party revenues	$	16.2	$	30.2

A summary of related party items included in Operating expenses (net of expense reimbursements) is as follows (in millions):



	Three months ended June 30, 2019		Six months ended June 30, 2019
Data entry, indexing services and other operating expenses	$	2.2	$	4.0
Corporate services	0.9		1.9
Total related party expenses, net	$	3.1	$	5.9

We believe the amounts earned from or charged by us under each of the foregoing arrangements are fair and reasonable. We believe our service arrangements are priced within the range of prices we offer to third parties, except for certain corporate services provided to FNF and certain corporate services provided by FNF, which are at cost. However, the amounts we earned or that were charged under certain arrangements were not negotiated at arm's length, and may not represent the terms that we might have obtained from an unrelated third party.