M&A Deal Summary

FM:Systems Acquires Asure Software - Workspace Management

On October 7, 2019, FM:Systems acquired software company Asure Software - Workspace Management from Asure for 120M USD

Acquisition Highlights
  • This is FM:Systems’ 1st transaction in the Software sector.
  • This is FM:Systems’ largest (disclosed) transaction.
  • This is FM:Systems’ 2nd transaction in the United States.
  • This is FM:Systems’ 1st transaction in Texas.

M&A Deal Summary

Date 2019-10-07
Target Asure Software - Workspace Management
Sector Software
Buyer(s) FM:Systems
Sellers(s) Asure
Deal Type Divestiture
Deal Value 120M USD

Target

Asure Software - Workspace Management

Austin, Texas, United States
Asure Software, Inc.'s Workspace Management business offers software to help businesses manage space.

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Buyer(S) 1

Buyer

FM:Systems

Raleigh, North Carolina, United States

Category Company
Sector Software
DESCRIPTION

FM:Systems is a provider of Integrated Workplace Management Systems (IWMS) and Computer-Aided Facility Management (CAFM) software. FM:Systems’ over 300 blue-chip customer base spans six continents and a diverse range of industries, including healthcare, higher education, technology, manufacturing, retail, banking and the public sector. FM:Systems is headquartered in Raleigh, North Carolina, and conducts business throughout the Americas, Africa, Europe and Asia Pacific.


DEAL STATS #
Overall 2 of 3
Sector (Software) 1 of 2
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 2 of 2
Year (2019) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-10 Rifiniti

Boston, Massachusetts, United States

Rifiniti, Inc. provides rich analytics for workplace optimization. Rifiniti’s SaaS offering, Optimo™, enables customers with AI-powered analytics to optimize their workspace. Optimo™, enhanced by Rifiniti’s deep understanding of corporate real estate (CRE), solves this problem by providing actionable insights that help executives make confident decisions based on highly accurate analytics. Rifiniti, Inc. was founded in 2012 and is based in Boston, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-23 WizzPass

Johannesburg, South Africa

WizzPass provides a variety of visitor management, parcel management, Covid-19 screening, and workspace reservation solutions for corporate offices, industrial & manufacturing facilities, and multi-tenant office buildings and office parks. The WizzPass Visitor Management System revolutionizes the experience, convenience, security, and safety of visitors to offices to create a much-improved environment and way that businesses, visitors, contractors, employees, and clients interact. WizzPass was founded in 2015 and is based in Johannesburg, South Africa.

Buy -

Seller(S) 1

SELLER

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 1 of 1
Sector (Software) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-03 USA Payroll

Rochester, New York, United States

USA Payroll, Inc. is a workforce management platform and software-as-a-services based payroll platform. USA Payroll provides payroll and tax services, workforce benefit solutions, insurance services, payroll timekeeping, human resources, and third-party administration. USA Payroll, Inc. was founded in 1994 and is based in Rochester, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-15 HireClick

Sioux Falls, South Dakota, United States

HireClick provides a hiring solution designed to streamline the recruitment process for small and mid-sized businesses. HireClick was formed in 2015 and is headquartered in Sioux Falls, South Dakota.

Buy -