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4-Traders Homepage  >  Equities  >  Nasdaq  >  Asure Software Inc    ASUR

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Asure Software Inc : Asure Software Acquires Legiant

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12/14/2011 | 08:20pm CET

Asure Software, Inc. (NASDAQ: ASUR), a leading provider of workforce management software, announced today that it has acquired Legiant, an Austin, Texas-based provider of cloud computing time and attendance software and management services.

"This acquisition fits with our cloud growth strategy via high synergy / low integration risk transactions," said Pat Goepel, Asure's Chief Executive Officer. "We are excited to enhance our workforce management solution while utilizing our sizable tax loss asset to create meaningful client and shareholder value."

Steven Rodriguez, Asure's Chief Operating Officer, added, "Asure Software provides the technology behind the Legiant Timecard product which creates a natural synergy between the two companies. The Legiant mobile solutions are an exciting addition to the Asure time and labor management product suite."

About Asure Software
Asure Software, Inc. (NASDAQ: ASUR), headquartered in Austin, Texas, offers intuitive and innovative technologies that enable companies of all sizes and complexities to operate more efficiently. The company ensures a high-performing work environment by integrating its "keep it simple" solutions and expertise to more than 3,500 clients world-wide; Asure Software's suite of solutions range from time and attendance workforce management solutions to asset optimization and meeting room management. For more information, please visit www.asuresoftware.com.

About Legiant
Legiant is a reseller of ADI Time based time and attendance solutions that deliver improvements in workforce productivity through a software-as-a-service (SaaS) platform. The integration of software, hardware and professional services creates a comprehensive suite of time accounting solutions that is easy to use and accessible with a Web browser.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Asure's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. Such risks and uncertainties could cause actual results to differ from those contained in the forward-looking statements.

Asure Software, Inc.
David Scoglio, CFO
512-437-2732
dave_scoglio@asuresoftware.com


© Business Wire 2011
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Financials ($)
Sales 2016 36,3 M
EBIT 2016 2,36 M
Net income 2016 -0,42 M
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EV / Sales 2016 2,86x
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Average target price 12,9 $
Spread / Average Target 9,9%
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Patrick F. Goepel President, Chief Executive Officer & Director
David A. Sandberg Chairman
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Adrian Austin Pertierra Independent Director
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