DoubleVerify Holdings, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Goodwill and Intangible Assets (Tables)

Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2022

Summary of changes to the goodwill carrying value


(in thousands)
Goodwill as of December 31, 2020	$	227,349
Business combinations (Meetrics and OpenSlate)		124,179
Foreign exchange impact and other		(968)
Goodwill as of December 31, 2021	$	350,560
Measurement period adjustments		(4,660)
Foreign exchange impact		(2,889)
Goodwill as of December 31, 2022	$	343,011

Schedule of intangible assets and related accumulated amortization


	December 31, 2022						December 31, 2021
	Gross				Net		Gross				Net
	Carrying		Accumulated		Carrying		Carrying		Accumulated		Carrying
(in thousands)	Amount		Amortization		Amount		Amount		Amortization		Amount
Trademarks and brands	$	11,733	$	(4,294)	$	7,439	$	11,735	$	(3,422)	$	8,313
Customer relationships		145,834		(49,587)		96,247		143,728		(36,831)		106,897
Developed technology		76,677		(44,956)		31,721		72,065		(33,937)		38,128
Non-compete agreements		64		(42)		22		68		(11)		57
Total intangible assets	$	234,308	$	(98,879)	$	135,429	$	227,596	$	(74,201)	$	153,395


		(In years)
Trademarks and brands		9
Customer relationships		8
Developed technology		3
Non-compete agreements		1

Schedule of Estimated future expected amortization expense of intangible assets


(in thousands)
2023	$	24,792
2024		23,296
2025		21,168
2026		16,076
2027		13,866
2028 and thereafter		36,231
Total	$	135,429

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

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+ Details