| Intangible Assets |
7. Intangible Assets The following tables set forth the information for intangible assets subject to amortization:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of March 31, 2025 |
|
|
|
Weighted average remaining useful live (years) |
|
Gross
Carrying
Amount |
|
|
Accumulated
Amortization |
|
|
Net |
|
Brands and trademarks |
|
14.39 |
|
$ |
174,567 |
|
|
$ |
(27,217 |
) |
|
$ |
147,350 |
|
Customer relationships database |
|
14.90 |
|
|
609,891 |
|
|
|
(101,211 |
) |
|
|
508,680 |
|
Intellectual property |
|
6.59 |
|
|
160,075 |
|
|
|
(44,807 |
) |
|
|
115,268 |
|
Developed technology |
|
0.71 |
|
|
1,266 |
|
|
|
(1,044 |
) |
|
|
222 |
|
Internal-use software |
|
3.20 |
|
|
26,624 |
|
|
|
(8,944 |
) |
|
|
17,680 |
|
Total intangible assets |
|
|
|
$ |
972,423 |
|
|
$ |
(183,223 |
) |
|
$ |
789,200 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of December 31, 2024 |
|
|
|
Weighted average remaining useful live (years) |
|
|
Gross
Carrying
Amount |
|
|
Accumulated
Amortization |
|
|
Net |
|
Brands and trademarks |
|
14.66 |
|
|
$ |
174,423 |
|
|
$ |
(24,493 |
) |
|
$ |
149,930 |
|
Customer relationships database |
|
|
15.10 |
|
|
|
608,758 |
|
|
|
(86,121 |
) |
|
|
522,637 |
|
Intellectual property |
|
6.79 |
|
|
|
158,868 |
|
|
|
(37,240 |
) |
|
|
121,628 |
|
Developed technology |
|
|
0.72 |
|
|
|
1,226 |
|
|
|
(1,006 |
) |
|
|
220 |
|
Internal-use software |
|
|
3.97 |
|
|
|
21,920 |
|
|
|
(7,603 |
) |
|
|
14,317 |
|
Total intangible assets |
|
|
|
|
$ |
965,195 |
|
|
$ |
(156,463 |
) |
|
$ |
808,732 |
|
Amortization expense for intangible assets during the three months ended March 31, 2025 and 2024 was $25.7 million and $10.9 million, respectively. Informa TechTarget capitalized internal-use software of $4.4 million and $1.7 million for the three months ended March 31, 2025 and 2024, respectively. Future expected amortization expense as of March 31, 2025 is as follows:
|
|
|
|
|
Years Ending December 31: |
|
Amortization
Expense |
|
2025 (April 1 - December 31) |
|
$ |
80,820 |
|
2026 |
|
|
98,670 |
|
2027 |
|
|
87,048 |
|
2028 |
|
|
80,116 |
|
2029 |
|
|
74,946 |
|
Thereafter |
|
|
367,600 |
|
|
|
$ |
789,200 |
|
|