Asure Mergers and Acquisitions Summary

Internet Software And ServicesCompany

Asure has acquired 17 companies, including 4 in the last 5 years. 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%).

Join Mergr and gain access to Asure’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the internet software and services sector.

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 ≤ '18 '19 '20 '21 '22 '23 T
Buy (0.0/yr) # 17 - - - - - 17
vol $16M $16M
Sell (0.2/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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