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Intangible Assets, Net
12 Months Ended
Dec. 31, 2023
Intangible Assets Disclosure [Abstract]  
Intangible Assets, Net

Note 5—Intangible Assets, Net

The details of intangible assets and related accumulated amortization are set forth below:

 

 

 

December 31, 2023

 

 

December 31, 2022

 

 

 

Gross
value

 

 

Accumulated
amortization

 

 

Net
Value

 

 

Gross
value

 

 

Accumulated
amortization

 

 

Net
Value

 

Data supply relationships

 

$

43,484

 

 

$

20,350

 

 

$

23,134

 

 

$

25,314

 

 

$

8,242

 

 

$

17,072

 

Tradenames

 

 

2,720

 

 

 

2,706

 

 

 

14

 

 

 

2,720

 

 

 

2,650

 

 

 

70

 

Completed technologies

 

 

34,932

 

 

 

26,164

 

 

 

8,768

 

 

 

28,792

 

 

 

22,320

 

 

 

6,472

 

Customer relationships

 

 

74,453

 

 

 

57,588

 

 

 

16,865

 

 

 

71,099

 

 

 

50,355

 

 

 

20,744

 

Total intangible assets

 

$

155,589

 

 

$

106,808

 

 

$

48,781

 

 

$

127,925

 

 

$

83,567

 

 

$

44,358

 

 

Amortization expense of intangibles for the years ended 2023 and 2022 was $23,242 and $23,969, respectively.

Weighted average useful life of the unamortized intangibles as of December 31, 2023 was 2.76 years. Based on the amount of intangible assets subject to amortization, the Company’s estimated future amortization over the next five years and beyond are as follows:

Year ending December 31,

 

 

 

2024

 

$

21,739

 

2025

 

 

15,738

 

2026

 

 

7,280

 

2027

 

 

2,542

 

2028

 

 

1,482

 

2029 and thereafter

 

 

 

Total

 

$

48,781