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Intangible Assets, Net | 12 Months Ended
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Dec. 31, 2024
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, 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 |
|  | Capitalized Software development costs |  |  | Customer relationship |  |  | Acquired technology |  |  | Others |  |  | Total |
Cost: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance as of January 1, 2024 |  | $ | 96,208 |  |  | $ | 99,666 |  |  | $ | 19,716 |  |  | $ | 2,277 |  |  | $ | 217,867 |
Capitalized development costs |  |  | 2,650 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 2,650 |
Acquisition of subsidiaries |  |  | - |  |  |  | 5,963 |  |  |  | 309 |  |  |  | - |  |  |  | 6,272 |
Measurement period adjustments |  |  | - |  |  |  | (441 | ) |  |  | (312 | ) |  |  | - |  |  |  | (753 | )
Adjustments arising from translating financial statements of foreign operations |  |  | (6 | ) |  |  | (390 | ) |  |  | (74 | ) |  |  | (34 | ) |  |  | (504 | )
Balance as of December 31, 2024 |  |  | 98,852 |  |  |  | 104,798 |  |  |  | 19,639 |  |  |  | 2,243 |  |  |  | 225,532 |
Accumulated amortization: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance as of January 1, 2024 |  | $ | 86,716 |  |  | $ | 66,490 |  |  | $ | 13,431 |  |  | $ | 572 |  |  | $ | 167,209 |
Amortization recognized in the year |  |  | 3,477 |  |  |  | 7,708 |  |  |  | 1,589 |  |  |  | 489 |  |  |  | 13,263 |
Adjustments arising from translating financial statements of foreign operations |  |  | - |  |  |  | (173 | ) |  |  | (41 | ) |  |  | (13 | ) |  |  | (227 | )
Balance as of December 31, 2024 |  |  | 90,193 |  |  |  | 74,025 |  |  |  | 14,979 |  |  |  | 1,048 |  |  |  | 180,245 |
Amortized cost as of December 31, 2024 |  | $ | 8,659 |  |  | $ | 30,773 |  |  | $ | 4,660 |  |  | $ | 1,195 |  |  | $ | 45,287 |
During the years ended December 31, 2022, 2023 and 2024 the Company recognized amortization expenses related to intangible assets as follows:
|  | Year ended December 31, |
|  | 2022 |  |  | 2023 |  |  | 2024 |
Cost of revenues |  | $ | 5,405 |  |  | $ | 5,471 |  |  | $ | 5,066 |
Selling and marketing expenses |  |  | 8,169 |  |  |  | 8,002 |  |  |  | 8,197 |
|  | $ | 13,574 |  |  | $ | 13,473 |  |  | $ | 13,263 |
Intangible assets composition by asset type as of December 31, 2024:
|  | IT professional services |  |  | Software services |  |  | Total |
Capitalized Software development costs |  | $ | 448 |  |  | $ | 8,211 |  |  | $ | 8,659 |
Customer relationship |  |  | 24,034 |  |  |  | 6,739 |  |  |  | 30,773 |
Acquired technology |  |  | 1,110 |  |  |  | 3,550 |  |  |  | 4,660 |
Others |  |  | 1,047 |  |  |  | 148 |  |  |  | 1,195 |
Total |  | $ | 26,639 |  |  | $ | 18,648 |  |  | $ | 45,287 |
The estimated future amortization expense of intangible assets as of December 31, 2024 is as follows:
2025 |  | $ | 12,511 |
2026 |  |  | 10,272 |
2027 |  |  | 7,580 |
2028 |  |  | 5,744 |
2029 and thereafter |  |  | 9,180 |
|  | $ | 45,287 |

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