Asure Software, Inc. acquired Savers Administrative Services, Inc. and Pay Systems of America, Inc. for 18.6 million.
January 02, 2018
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Asure Software, Inc. (NasdaqCM:ASUR) acquired Savers Administrative Services, Inc. and Pay Systems of America, Inc. for 18.6 million on January 2, 2018. The aggregate consideration for the Savers Admin Shares consisted of $2.28 million in cash and a subordinated promissory note in the principal amount of $0.57 million subject to adjustment. The aggregate consideration for the Pay Systems Shares consisted of $14.15 million in cash and a subordinated promissory note in the principal amount of $1.57 million subject to adjustment. The transaction was funded the cash payment with cash on hand. In a related transaction, Asure acquired TelePayroll, Inc.
Asure Software, Inc. (NasdaqCM:ASUR) completed the acquisition of Savers Administrative Services, Inc. and Pay Systems of America, Inc. on January 2, 2018.
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. 
