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Business Sale
6 Months Ended
Dec. 31, 2024
Discontinued Operations and Disposal Groups [Abstract]  
Business Sale Business SaleOn December 19, 2023, the Company completed the sale of its UK-based intY business. The Company retained its CASCADE cloud services distribution platform which has been used to grow the Cisco and Microsoft subscription businesses in the United States and Brazil. Under the stock purchase agreement, the Company received proceeds of $17.6 million in cash for the sale, net of cash transferred. The business sale resulted in a $14.2 million gain on sale after considering the net assets sold. During the quarter December 31, 2024, $2.6 million in cash was released from escrow related to the sale of intY. The impact of this sale was not material to the consolidated financial statements.