Asure Software (NASDAQ: ASUR), a leading provider of dynamic cloud-based solutions that elevate how, when and where work gets done, has sold its Workspace Management business to FM:Systems in an asset and equity transaction valued at $120 million. According to the update, the transaction enables Asure’s continued focus to deliver its award-winning Human Capital Management (“HCM”) solutions to small and midsize businesses. The sale provides both Asure Software and FM:Systems with immediate opportunities to focus on key strategies and scale their respective businesses. ROTH Capital Partners served as financial advisor to Asure and provided a fairness opinion to Asure’s Board of Directors.
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About Asure Software
Asure Software, Inc., headquartered in Austin, Texas, provides innovative and flexible SaaS-based cloud platforms that help clients worldwide elevate how, when, and where work gets done throughout the employee lifecycle. Asure Software’s offerings include a fully-integrated HCM platform, Time & Attendance, Talent Management, Employee Benefits, Benefits Administration, and Payroll & Tax. For more information, visit the company’s website at www.AsureSoftware.com.
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