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Asure Software (Nasdaq:ASUR) Acquires iEmployee
Asure’s trading price increased almost 100% in the weeks following the announcement of its strategic acquisition of iEmployee
Richard Snyder ,
Chairman & CEO
When our board decided to change our market focus by means of strategic acquisitions, we selected SEG to represent us after a careful vetting process. With extraordinary insight and expertise, they helped us understand the markets and hone our acquisition objectives. They identified an array of highly attractive candidates, astutely assessed and valued each, and negotiated, structured and closed a transaction that exceeded our acquisition objectives."
- Richard Snyder, Chairman and CEO, Asure Software
SEG served as exclusive advisor to Asure Software
Client Description
The company
Asure Software is a provider of web-based workforce management solutions that enable organizations to manage their office environment, as well as human resource and payroll processes.
Headquarters
Austin, Texas
Seller Description
The company
iEmployee is an industry-leading provider of on-demand workforce management solutions.
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PRESS RELEASE OVERVIEW
SEG Client, Asure Software, acquires iEmployee
Oct 11, 2007 — Software Equity Group (SEG) announces its client, Asure Software (NASDAQ: ASUR), provider of on-demand workforce management solutions, has acquired iEmployee, an industry-leading provider of on-demand workforce management solutions.
“We’re excited to announce the completion of the transaction and to move forward with the combined organizations of NetSimplicity and iEmployee under the Asure Software umbrella,” said Richard Snyder, Asure’s chairman and CEO. “The board and management team continue to believe that this combination brings immediate value to the Asure investors through greater recurring revenue, a larger customer base and an immediate cash contribution.”