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Subsequent Events
6 Months Ended
Dec. 31, 2021
Subsequent Events [Abstract]  
Subsequent Events
(13) Subsequent Events
On January 18, 2022, the Company acquired all of the shares outstanding of Cloudsnap, Inc., ("Cloudsnap") through a merger for cash consideration of $50,000, subject to customary purchase price adjustments. Cloudsnap is a provider of a flexible, low-code solution for integrating disparate business applications. This transaction enables the Company to deliver modern integrations and seamless data sharing between critical systems more efficiently and effectively, while helping to unify and automate business processes across clients' HR, finance, benefits, and other systems. The Company will account for the acquisition as a business combination in accordance with ASC 805: Business Combinations using the acquisition method of accounting and recognize assets and liabilities at fair value as of the date of acquisition. The results from this acquisition will not have a material impact to the Company's consolidated financial statements.
In January 2022, the Company borrowed $50,000 under its revolving credit facility in connection with its acquisition of Cloudsnap.