Transaction Summary

Client Description
  • 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
  • iEmployee is an industry-leading provider of on-demand workforce management solutions.
Highlights
  • Asure’s trading price increased almost 100% in the weeks following the announcement of its strategic acquisition of iEmployee
iemployee has been acquired by Asure Software
"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

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."

About Software Equity Group

Software Equity Group (SEG) provides unparalleled M&A advisory services for emerging and established software companies. For more than twenty years, SEG has worked alongside its software industry clients to drive extraordinary outcomes for the client’s shareholders, employees and customers. Over this time period, SEG has managed hundreds of sell-side M&A transactions, representing billions of dollars of aggregate transaction value. SEG’s unwavering commitment to the software industry equates to unmatched expertise across software industry product categories, delivery models, technology and end market verticals; and unrivaled access to key decision makers among strategic and private equity buyers.