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GOODWILL AND OTHER INTANGIBLE ASSETS
 12 Months Ended
Dec. 31, 2024
GOODWILL AND OTHER INTANGIBLE ASSETS  
GOODWILL AND OTHER INTANGIBLE ASSETS

9.GOODWILL AND OTHER INTANGIBLE ASSETS

Goodwill and other intangible assets are as follows for the periods presented:

​

​

​

​

​

​

​

​

​

​

As of December 31, 

​

​

2024

​

2023

Goodwill

​

$

357,823

​

$

257,842

Other intangible assets, net

​

​

5,198

​

 

2,396

Total

​

$

363,021

​

$

260,238

​

The changes in the carrying amount of goodwill are as follows for the periods presented:

​

​

​

​

​

​

​

​

​

​

As of December 31, 

​

​

​

2024

​

​

2023

Balance, January 1

​

$

257,842

​

$

251,842

ecosio acquisition

​

​

119,668

​

 

—

Foreign currency translation adjustments

​

​

(19,687)

​

​

6,000

Balance, December 31, gross

​

​

357,823

​

​

257,842

Accumulated impairment losses

​

​

—

​

​

—

Balance, December 31, net

​

$

357,823

​

$

257,842

​

The Company recorded other intangible assets of $5,950 during the year ended December 31, 2024 in connection with the ecosio acquisition. Amortization expense related to these intangible assets was $644 for the year ended December 31, 2024, and is reflected in selling and marketing expense in the consolidated statement of net loss. The Company also recognized various amortizable other intangible assets in connection with previous acquisitions, including customer relationships, technology, and tradenames. The following tables provide additional information for our other intangible assets, which are individually not material to the consolidated financial statements:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

2024

​

2023

Weighted average amortization period (years)

​

​

​

​

​

3.3

​

​

3.5

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

As of December 31, 2024

​

​

As of December 31, 2023

​

​

​

Gross Carrying Amount

​

​

Accumulated Amortization

​

​

Gross Carrying Amount

​

​

Accumulated Amortization

Customer relationships

​

$

12,276

​

$

8,362

​

$

8,348

​

$

6,385

Trademarks and tradenames

​

​

2,515

​

​

1,231

​

​

1,303

​

​

1,119

Developed technology

​

​

1,027

​

​

1,027

​

​

1,309

​

​

1,060

Total

​

$

15,818

​

$

10,620

​

$

10,960

​

$

8,564

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

For the year ended December 31, 

​

​

​

Cost of Revenues, Software Subscriptions

​

Selling and
Marketing Expense

​

​

Total Expense

2024

​

​

​

    

$

225

    

$

2,478

​

$

2,703

2023

​

​

​

    

​

243

    

​

2,641

​

​

2,884

2022

​

​

​

​

​

234

​

​

3,779

​

​

4,013

​

The following table presents estimated future amortization of intangible assets over their remaining estimated useful lives:

​

​

​

​

​

Year Ending December 31,

    

​

    

2025

​

$

2,089

2026

​

 

1,865

2027

​

 

1,244

2028

​

​

—

2029

​

​

—

Total

​

$

5,198

​

​

.