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Intangible Assets, Net | 12 Months Ended
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Dec. 31, 2023
Intangible Assets, Net [Abstract] |
INTANGIBLE ASSETS, NET | NOTE 8:- INTANGIBLE ASSETS, NET Composition and movement:
|  | Capitalized Software development costs |  |  | Customer relationship |  |  | Acquired technology |  |  | Others |  |  | Total |
Cost: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance as of January 1, 2022 |  | $ | 90,101 |  |  | $ | 86,651 |  |  | $ | 18,371 |  |  | $ | 637 |  |  | $ | 195,760 |
Capitalized development costs |  |  | 3,059 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 3,059 |
Purchase of intangible asset |  |  | - |  |  |  | 219 |  |  |  | - |  |  |  | - |  |  |  | 219 |
Acquisition of subsidiaries |  |  | - |  |  |  | 11,319 |  |  |  | 2,707 |  |  |  | - |  |  |  | 14,026 |
Adjustments arising from translating financial statements of foreign operations |  |  | (103 | ) |  |  | (5,055 | ) |  |  | (1,030 | ) |  |  | (53 | ) |  |  | (6,241 | )
Balance as of December 31, 2022 |  | $ | 93,057 |  |  | $ | 93,134 |  |  | $ | 20,048 |  |  | $ | 584 |  |  | $ | 206,823 |
Accumulated amortization and impairment: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance as of January 1, 2022 |  | $ | 79,354 |  |  | $ | 54,494 |  |  | $ | 10,329 |  |  | $ | 193 |  |  | $ | 144,370 |
Amortization recognized in the year |  |  | 3,817 |  |  |  | 7,865 |  |  |  | 1,797 |  |  |  | 95 |  |  |  | 13,574 |
Adjustments arising from translating financial statements of foreign operations |  |  | - |  |  |  | (2,930 | ) |  |  | (244 | ) |  |  | (4 | ) |  |  | (3,178 | )
Balance as of December 31, 2022 |  | $ | 83,171 |  |  | $ | 59,429 |  |  | $ | 11,882 |  |  | $ | 284 |  |  | $ | 154,766 |
Amortized cost at December 31, 2022 |  | $ | 9,886 |  |  | $ | 33,705 |  |  | $ | 8,166 |  |  | $ | 300 |  |  | $ | 52,057 |
|  | Capitalized Software development costs |  |  | Customer relationship |  |  | Acquired technology |  |  | Others |  |  | Total |
Cost: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance as of January 1, 2023 |  | $ | 93,057 |  |  | $ | 93,134 |  |  | $ | 20,048 |  |  | $ | 584 |  |  | $ | 206,823 |
Capitalized development costs |  |  | 3,183 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 3,183 |
Acquisition of subsidiaries |  |  | - |  |  |  | 7,704 |  |  |  | - |  |  |  | 1,706 |  |  |  | 9,410 |
Adjustments arising from translating financial statements of foreign operations |  |  | (32 | ) |  |  | (1,172 | ) |  |  | (332 | ) |  |  | (13 | ) |  |  | (1,549 | )
Balance as of December 31, 2023 |  |  | 96,208 |  |  |  | 99,666 |  |  |  | 19,716 |  |  |  | 2,277 |  |  |  | 217,867 |
Accumulated amortization and impairment: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance as of January 1, 2023 |  | $ | 83,171 |  |  | $ | 59,429 |  |  | $ | 11,882 |  |  | $ | 284 |  |  | $ | 154,766 |
Amortization recognized in the year |  |  | 3,545 |  |  |  | 7,925 |  |  |  | 1,712 |  |  |  | 291 |  |  |  | 13,473 |
Adjustments arising from translating financial statements of foreign operations |  |  | - |  |  |  | (864 | ) |  |  | (163 | ) |  |  | (3 | ) |  |  | (1,030 | )
Balance as of December 31, 2023 |  |  | 86,716 |  |  |  | 66,490 |  |  |  | 13,431 |  |  |  | 572 |  |  |  | 167,209 |
Amortized cost at December 31, 2023 |  | $ | 9,492 |  |  | $ | 33,176 |  |  | $ | 6,285 |  |  | $ | 1,705 |  |  | $ | 50,658 |
During the years ended December 31, 2021, 2022 and 2023 the Company recognized amortization expenses related to intangible assets as follows:
|  | Year ended December 31, |
|  | 2021 |  |  | 2022 |  |  | 2023 |
Cost of revenues |  | $ | 6,068 |  |  | $ | 5,405 |  |  | $ | 5,471 |
Selling and marketing expenses |  |  | 6,968 |  |  |  | 8,169 |  |  |  | 8,002 |
|  | $ | 13,036 |  |  | $ | 13,574 |  |  | $ | 13,473 |
Intangible assets composition by reportable segment as of December 31, 2023:
|  | IT professional services |  |  | Software services |  |  | Total |
Capitalized Software development costs |  | $ | 788 |  |  | $ | 8,704 |  |  | $ | 9,492 |
Customer relationship |  |  | 24,517 |  |  |  | 8,659 |  |  |  | 33,176 |
Acquired technology |  |  | 1,439 |  |  |  | 4,846 |  |  |  | 6,285 |
Others |  |  | 1,487 |  |  |  | 218 |  |  |  | 1,705 |
Total |  | $ | 28,231 |  |  | $ | 22,427 |  |  | $ | 50,658 |
The estimated future amortization expense of intangible assets as of December 31, 2023 is as follows:
2024 |  | $ | 13,136 |
2025 |  |  | 11,040 |
2026 |  |  | 9,011 |
2027 |  |  | 6,338 |
2028 and thereafter |  |  | 11,133 |
|  | $ | 50,658 |

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