Annual and transition report of foreign private issuers [Sections 13 or 15(d)]

Business Combinations (Tables)

v3.25.0.1
Business Combinations (Tables)
 12 Months Ended
Dec. 31, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed The following summarizes the preliminary purchase price allocation of the acquisition of Admetricks:
Fair Value
Total consideration paid $ 4,095 
Add: Deferred payment 340 
Total consideration $ 4,435 
Identifiable assets acquired, net of liabilities
Cash and cash equivalents $ 262 
Accounts receivable 381 
Other current assets 25 
Property and equipment 18 
Technology (1) 311 
Customer relationships (2) 570 
Brand name (3) 352 
Goodwill (4) 3,291 
Trade and other payables (92)
Deferred revenue (531)
Deferred tax liabilities, net (152)
Total identifiable assets acquired, net of liabilities $ 4,435 
(1) In assessing the value of the technology, the Company used an income approach. The technology’s economic useful life was estimated at approximately 2 years and is amortized using the straight-line method.
(2) In assessing the value of the customer relationships, the Company used an income approach. The economic useful life of the customer relationships was estimated at approximately 6 years and is amortized using the straight-line method.
(3) In assessing the value of the brand name, the Company used an income approach. The brand name’s economic useful life was estimated at approximately 4 years and is amortized using the straight-line method.
(4) The goodwill is primarily attributable to expected synergies and knowledge base resulting from the acquisition. The goodwill is not deductible for tax purposes.
The following summarizes the preliminary purchase price allocation of the acquisition of 42matters:
Fair Value
Total consideration $ 12,780 
Cash and cash equivalents $ 1,199 
Accounts receivable 597 
Other current assets 94 
Technology (1) 927 
Customer relationships (2) 2,684 
Brand name (3) 810 
Goodwill (4) 9,111 
Trade and other payables (572)
Deferred revenue (1,594)
Deferred tax liabilities, net (476)
Total identifiable assets acquired, net of liabilities $ 12,780 
(1) In assessing the value of the technology, the Company used an income approach. The technology’s economic useful life was estimated at approximately 2 years and is amortized using the straight-line method.
(2) In assessing the value of the customer relationships, the Company used an income approach. The economic useful life of the customer relationships was estimated at approximately 5 years and is amortized using the straight-line method.
(3) In assessing the value of the brand name, the Company used an income approach. The brand name’s economic useful life was estimated at approximately 3 years and is amortized using the straight-line method.
(4) The goodwill is primarily attributable to expected synergies and knowledge base resulting from the acquisition. The Company estimates that the goodwill is not deductible for tax purposes.