Envestnet, Inc. Quarterly report pursuant to Section 13 or 15(d)

Acquisitions (Tables)

9 Months Ended

Sep. 30, 2023

In connection with the Redi2 acquisition, the Company paid consideration as follows (in thousands):

The following table summarizes the final fair values of the assets acquired and liabilities assumed as of the acquisition date (in thousands):





Total current assets	$	1,985
Other non-current assets	3,321
Identifiable intangible assets	26,500
Goodwill	46,467
Total assets acquired	78,273

Accounts payable, accrued expenses and other current liabilities	(2,428)
Operating lease liabilities	(2,201)
Deferred revenue	(4,771)
Total liabilities assumed	(9,400)
Total net assets acquired, net of cash received	$	68,873

A summary of intangible assets acquired is as follows:


	Gross Carrying Amount		Estimated Useful Life	Amortization Method

	(in thousands)		(in years)
Customer lists	$	14,000	14 - 16	Accelerated
Proprietary technologies	9,500		6	Straight-line
Trade names	3,000		6 - 7	Straight-line
Total intangible assets acquired	$	26,500