Asure - M&A Summary and Business Overview

Internet Software And ServicesCompany

Asure M&A Summary

Asure has acquired 17 companies. A total of 2 acquisitions came from private equity firms. It has also divested 1 asset.

Asure’s largest acquisition to date was in 2011, when it acquired ADI Time for $7M. It’s largest disclosed sale occurred in 2019, when it sold Asure Software - Workspace Management to FM:Systems for $120M. Asure has acquired in 13 different US states. The Company’s most targeted sectors include internet software and services (48%) and business services (30%).

Asure Business Overview

Where is Asure headquartered?

Asure is headquartered in Austin, Texas.

What is Asure’s revenue?

Asure disclosed revenue of 96M USD for 2022 and 76M USD for 2021.

How many employees does Asure have?

Asure has 493 employees.

What sector is Asure in?

Asure is an internet software and services company.

When was Asure founded?

Asure was founded in 1985.

M&A Summary

  • M&A Total Activity18
    • M&A Buy Activity17
    • M&A Sell Activity1
  • Total Sectors Invested 6
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 4

Asure

Asure Software, Inc.

405 Colorado Street, Suite 1800,
Austin, Texas 78701
United States,
(512) 437-2700
www.asuresoftware.com

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.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 17 - - - - - 17
vol $16M $16M
Sell (0.0/yr) # 1 - - - - - 1
vol $120M $120M
  18

Most Recent M&A

Company Date Value Type
Asure Software, Inc. - Workspace Management 2019-10-07 120M USD Divestiture
Austin, Texas
USA Payroll, Inc. 2018-07-03 - Add-on Acquisition
Rochester, New York · www.usapayroll.com
Sheakley PaySystems 2018-01-02 - Divestiture
Cincinnati, Ohio
Savers Administrative Services, Inc. 2018-01-02 - Add-on Acquisition
Winston-Salem, North Carolina · www.saversadmin.com
TelePayroll, Inc. 2018-01-02 - Add-on Acquisition
Santa Ana, California · www.telepayroll.com
Compass HRM, Inc. 2017-05-26 5M USD Add-on Acquisition
Tampa, Florida · www.compasshrm.com
iSystems LLC 2017-04-03 - Add-on Acquisition
Colchester, Vermont · www.isystemsllc.com
Corporate Payroll, Inc. 2017-01-03 - Add-on Acquisition
Solon, Ohio · www.corpay.com
Payroll Specialties NW, Inc. 2017-01-03 - Add-on Acquisition
Eugene, Oregon · www.psnw.us
Personnel Management Systems, Inc. 2017-01-03 - Add-on Acquisition
Kirkland, Washington · www.hrpmsi.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Internet Software and Services 8 (47%) 11M (71%) - -
Business Services 5 (29%) - - -
Software 1 (6%) 5M (29%) 1 (100%) 120M (100%)
Electronics 1 (6%) - - -
Information Technology 1 (6%) - - -
Staffing 1 (6%) - - -
Total 17 $16M 1 $120M

By Geo

State/Country Buy Value Sell Value
United States 17 16M 1 120M
  Texas 3 4M 1 120M
  Ohio 2 - - -
  Florida 2 5M - -
  Vermont 1 - - -
  Utah 1 - - -
  Rhode Island 1 7M - -
  Oregon 1 - - -
  North Carolina 1 - - -
  New York 1 - - -
  Massachusetts 1 - - -
  Maryland 1 - - -
  California 1 - - -
  Washington 1 - - -
Total 17 $16M 1 $120M

Deal Values

buy # Total
< $100M 3 $16M
TOTAL $16M
Largest ADI Time LLC
$7M (2011-10-03)
sell # Total
$100M to $1B 1 $120M
TOTAL $120M
Largest Asure Software, Inc. - Workspace Management
$120M (2019-10-07)

M&A Connections

Deals
Acquired from
Investor(s)
12%
2 (12%)
Strategic(s)
6%
1 (6%)
Divested to
Strategic(s)
100%
1 (100%)

Company Summary

SECTOR

Internet Software and Services

Revenue

96   27% 2022
76   16% 2021
66   10% 2020
73   18% 2019
89   65% 2018
54   50% 2017
36   34% 2016
27   0% 2015
27   8% 2014
25   32% 2013
19   2012
(millions of USD) Show More Show Less

Employees

493

Established

1985

Public

NASDAQ: ASUR

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