Acquisitions and Divestitures (Tables)

9 Months Ended

Sep. 30, 2023

Business Combination and Asset Acquisition [Abstract]

Summary of Preliminary Purchase Price Allocation

The following tables summarizes the preliminary purchase price allocation (in thousands):

Fair value of consideration transferred:
Cash paid, net of cash acquired	$	11,782
Fair value of contingent consideration		1,475
Fair value of future holdback payments		3,300
Total purchase price consideration	$	16,557
Fair value of assets acquired and liabilities assumed:
Intangible assets	$	4,400
Goodwill		12,804
Total assets acquired	$	17,204
Deferred revenue		(647	)
Net assets acquired	$	16,557

Schedule of Fair Value and Useful Lives of Intangible Assets Acquired and Risk-Adjusted Discount Rates used in Valuation

The following table presents the fair values and useful lives of the identifiable intangible assets acquired and risk-adjusted discount rates used in the valuation:

	Amount		Weighted Average Useful Life		Risk-Adjusted Discount Rates Used in Valuation
	(in thousands)		(in years)
Customer relationships	$	3,600		10		22	%
Developed technology		400		1		17	%
Trade names		30		1		17	%
Other		370		1		17	%
Total identifiable intangible assets	$	4,400