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Acquisition (Tables)
 3 Months Ended
Mar. 31, 2025
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]  
Asset Acquisition
The following table presents management's preliminary purchase price allocation:

(in thousands)Purchase price allocation
Inventory$232 
Developed technology2,240 
Customer relationships3,136 
Total assets5,608 
Deferred revenue809 
Consideration paid$4,799 
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
The following table presents management's current purchase price allocation and initial purchase price allocation:

(in thousands)Current purchase price allocationInitial purchase price allocation
Cash$1,087 $1,087 
Accounts receivable979 1,117 
Property and equipment80 80 
Lease right-of-use assets1,380 1,380 
Developed technology11,500 11,500 
Customer relationships14,000 14,000 
Non-competition agreements3,700 3,700 
Indemnification assets2,338 2,338 
Prepaid and other acquired assets200 200 
Goodwill97,142 97,017 
Total assets132,406 132,419 
Accounts payable295 295 
Accrued expenses1,142 1,155 
Lease right-of-use liabilities1,359 1,359 
Deferred revenue893 893 
Indemnification liabilities2,338 2,338 
Deferred taxes1,312 1,312 
Consideration paid$125,067 $125,067 
The following table presents management's current purchase price allocation and initial purchase price allocation:

(in thousands)Current purchase price allocationInitial purchase price allocation
Cash$4,179 $4,179 
Short-term investments562 562 
Accounts receivable7,105 7,105 
Property and equipment1,030 1,030 
Lease right-of-use assets3,418 3,418 
Developed technology32,100 32,100 
Customer relationships48,000 48,000 
Trade names1,800 1,800 
Prepaid and other acquired assets1,916 1,916 
Goodwill182,042 181,442 
Total assets282,152 281,552 
Accounts payable4,212 4,212 
Accrued expenses3,705 3,502 
Lease right-of-use liabilities3,397 3,397 
Deferred revenue4,710 4,710 
Deferred taxes20,660 20,263 
Consideration paid$245,468 $245,468 
Schedule of Pro Forma Financial Information
The following table summarizes the Company's unaudited pro forma results of operations for the three months ended March 31, 2025 and 2024 as if the Stuzo Acquisition, TASK Group Acquisition, and Delaget Acquisition had occurred on January 1, 2024:
Three Months Ended March 31,
(in thousands)20252024
Total revenue$103,859 $92,790 
Net loss from continuing operations(23,502)(19,789)
The unaudited pro forma results presented above are for illustrative purposes only and do not reflect the realization of actual cost savings or any related integration costs. The unaudited pro forma results do not purport to be indicative of the results that would have been obtained, or to be a projection of results that may be obtained in the future. These unaudited pro forma results include certain adjustments, primarily due to increases in amortization expense due to the fair value adjustments of intangible assets, acquisition related costs and the impact of income taxes on the pro forma adjustments. $1.0 million of acquisition costs have been reflected in the 2024 pro forma results