Asure Software, Inc. acquired substantially all assets of Corporate Payroll, Inc. for $3 million.
January 02, 2017
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Asure Software, Inc. (NasdaqCM:ASUR) acquired substantially all assets of Corporate Payroll, Inc. for $3 million on January 3, 2017. The purchase price will comprise of $1.5 million in cash, 112,166 common shares of Asure Software, Inc. and $0.5 million of a subordinated promissory note of Asure Software, Inc. Asure Software along with assets also acquired retained cash of $0.105 million. Asure Software funded the cash payment with proceeds from its recent public stock offering. The purchase is expected to be accretive to the overall P&L of Asure Software. David Weigman of Messerli & Kramer P.A. acted as legal advisor to Asure Software, Inc. and Scott M. Lewis of Meyers, Roman, Friedberg & Lewis acted as legal advisor to Corporate Payroll, Inc.
Asure Software, Inc. (NasdaqCM:ASUR) completed the acquisition of substantially all assets of Corporate Payroll, Inc. on January 3, 2017.
Asure Software, Inc. is a provider of cloud-based Human Capital Management (HCM) software solutions delivered as Software-as-a-Service (SaaS) for small and medium-sized businesses. Its HCM suite, AsureHCM, includes cloud-based Payroll, Tax Services, and Time & Attendance software and Asure Marketplace as well as human resources (HR) services ranging from HR projects to completely outsourcing payroll and HR staff. AsureMarketplace automates interactions between its HCM systems with third-party providers and extend the range of services offered to employers and their employees. It offers these services directly and indirectly through its network of reseller partners. It provides three levels of HR services: HR support, which provides an on-demand HR resource library, phone and email support for any HR issues and compliance and policy updates; Strategic HR, which provides more in-depth support for strategic HR decision making, and Total HR that offers a complete HR outsourcing solution.
ASURE SOFTWARE, INC. 
