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

Asure-image
Richard Snyder, Chairman & CEO

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.

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.”

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