M&A Deal Summary

Asure Acquires iSystems

On April 3, 2017, Asure acquired internet software and services company iSystems from Silver Oak Services Partners

Acquisition Highlights
  • This is Asure’s 7th transaction in the Internet Software and Services sector.
  • This is Asure’s 12th transaction in the United States.
  • This is Asure’s 1st transaction in Vermont.

M&A Deal Summary
Date 2017-04-03
Target iSystems
Sector Internet Software and Services
Buyer(s) Asure
Sellers(s) Silver Oak Services Partners
Deal Type Add-on Acquisition

Target

iSystems

Colchester, Vermont, United States
iSystems LLC is a national Software as a Service (“SaaS”) provider of payroll, tax and HR management software for service bureaus including independent payroll processors, banks and CPAs. iSystems delivers payroll processing capabilities to service bureaus through its core software platform, evolution®.

Search 201,292 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Asure

Austin, Texas, United States
Category Company
Founded 1985
Sector Internet Software and Services
Employees564
Revenue 119M USD (2023)
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 12 of 18
Sector (Internet Software and Services) 7 of 8
Type (Add-on Acquisition) 12 of 17
State (Vermont) 1 of 1
Country (United States) 12 of 18
Year (2017) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-03 Corporate Payroll

Solon, Ohio, United States

Corporate Payroll is a provider of an offering exceptionally competitive prices on payroll processing, tax deposits and filing, direct deposit, check signing and stuffing. Corporate Payroll is based in Solon, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-26 Compass HRM

Tampa, Florida, United States

Compass HRM, Inc. is a provider of flexibility, choice and convenience for businesses who need to manage their HR, payroll, benefits and compliance, at a cost savings of a Professional Employer Organization (PEO). Compass HRM, Inc. is headquartered in Tampa, Florida.

Buy $5M

Seller(S) 1

SELLER

Silver Oak Services Partners

Evanston, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
Size Small
Type Sector Focused
DESCRIPTION

Silver Oak Services Partners, LLC is a private equity firm focused on service businesses, specifically business services, healthcare services, and consumer services. The Firm targets companies with revenues between $15 and $150 million and EBITDA of $4 to $25 million. The Firm's typical investment size is $10 to $50 million with the ability to invest more through co-investment from the firm's limited partners. The company will not consider investments in start-ups, businesses with project-based revenue models, retail, or restaurants. Silver Oak Services Partners was formed in 1995 and is based in Evanston, Illinois.

DEAL STATS #
Overall 17 of 24
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 8 of 10
State (Vermont) 1 of 1
Country (United States) 17 of 24
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-01 Accent Food Services

Pflugerville, Texas, United States

Accent Food Services is a provider of complete menu of refreshment solutions including vending, self-check-out markets, office coffee, pantry and catering to thousands of customers, providing superior customer service and innovation. Accent Food Services is based in Pflugerville, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-18 Legacy Farms

Anaheim, California, United States

Legacy Farms is a producer of dry vegetables (e.g. bell peppers, tomatoes, squash, etc.) while also offering a wide selection of fresh fruits. Legacy Farms is based in Anaheim, California.

Buy -
Mergr

Product

Company

Legal