M&A Deal Summary

Asure Acquires ADI Time

On October 3, 2011, Asure acquired internet software and services company ADI Time for 7M USD

Acquisition Highlights
  • This is Asure’s 2nd transaction in the Internet Software and Services sector.
  • This is Asure’s largest (disclosed) transaction.
  • This is Asure’s 3rd transaction in the United States.
  • This is Asure’s 1st transaction in Rhode Island.

M&A Deal Summary
Date 2011-10-03
Target ADI Time
Sector Internet Software and Services
Buyer(s) Asure
Deal Type Add-on Acquisition
Deal Value 7M USD

Target

ADI Time

East Providence, Rhode Island, United States
website
ADI Time LLC is a provider of cloud computing time and attendance software and management services.

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Buyer(S) 1

Buyer

Asure

Austin, Texas, United States

website

Category Company
Founded 1985
Sector Internet Software and Services
Employees493
Revenue 96M USD (2022)
DESCRIPTION

Asure provides cloud-based software-as-a-service (SaaS) time and labor management and workspace management solutions. Asure was founded in 1985 and is based in Austin, Texas.

DEAL STATS #
Overall 3 of 17
Sector (Internet Software and Services) 2 of 8
Type (Add-on Acquisition) 3 of 16
State (Rhode Island) 1 of 1
Country (United States) 3 of 17
Year (2011) 1 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-05 iSarla

Austin, Texas, United States

iSarla, Inc. (dba iEmployee) is an application service provider that provides an integrated online suite of solutions for managing and communicating human resource, employee benefits, and payroll information.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-14 Legiant

Austin, Texas, United States

Legiant is a provider of cloud computing time and attendance software and management services.

Buy $4M
Mergr

Product

Company

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