AUSTIN, TX, Oct 11, 2007 (MARKET WIRE via COMTEX News Network) -- Asure Software (NASDAQ: ASUR) announced today that it closed the acquisition of iEmployee as it moves aggressively into the multi-billion dollar workforce management software market. iEmployee is an industry-leading provider of on-demand workforce management solutions.
"We're excited to announce the completion of the transaction and to move forward with the combined organizations of NetSimplicity and iEmployee under the Asure Software umbrella," said Richard Snyder, Asure's chairman and CEO. "The board and management team continue to believe that this combination brings immediate value to the Asure investors through greater recurring revenue, a larger customer base and an immediate cash contribution."
Headquartered in Austin, Texas, Asure Software (ASUR), (a d/b/a of Forgent Networks, Inc.), empowers small to mid-size organizations and divisions of large enterprises to operate more efficiently, increase worker productivity and reduce costs through a comprehensive suite of on-demand workforce management software and services. Asure's market-leading suite includes products that optimize workforce time and attendance tracking, benefits enrollment and tracking, pay stubs and W2 documentation, expense management, meeting and event management, and asset tracking and reservations. With additional offices in Seekonk, Mass., Vancouver, British Columbia, and Mumbai, India, Asure serves 3,500 customers around the world. For more information, please visit www.asuresoftware.com.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995:
Statements in this press release regarding Asure Software's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.
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SOURCE: Asure Software