Asure Software, Inc. (NasdaqCM:ASUR) entered into an asset purchase agreement to acquire substantially all the assets of Payroll Specialties NW, Inc. from Shawn Gregg for $3.6 million on January 1, 2017. The aggregate consideration for the assets consisted of $3.01 million in cash and a subordinated promissory note in the principal amount of $0.6 million subject to adjustment. In related transactions, Asure Software acquired Personnel Management Systems, Inc. and Corporate Payroll, Inc. Asure Software funded the cash payment with proceeds from its recent public stock offering. The transaction is expected to close on January 3, 2017. The purchase is expected to be accretive to the overall P&L of Asure Software. Matt Glover and Najim Mostamand of Liolios Group, Inc. acted as investor relation advisors to Asure Software, Inc in the transaction David Weigman of Messerli & Kramer P.A. acted as legal advisor for Asure Software, Inc. Gwen Griffith of Tonkon Torp LLP acted as legal advisor for Payroll Specialties N.W., Inc. Asure Software, Inc. (NasdaqCM:ASUR) completed the acquisition of Payroll Specialties NW, Inc. from Shawn Gregg on January 3, 2017