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Asure Software provides on-demand workplace, resource management solutions, time and labor solutions that help customers run cost-effective operations. The Company offers a HCM platform, empowering clients with an insight into the productivity of their employees. HCM is an all-encompassing tool, providing businesses with payroll and tax solutions, benefits administration, human resources, talent management, and ACA healthcare reform software solutions. Asure offers approximately two product lines, including AsureSpace and AsureForce. AsureSpace provides workplace management solutions that enable organizations to manage their office environments and manage real estate utilization. Its AsureForce time and labor management solutions help organizations manage labor and labor administration costs and activities.

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TypePublic
Founded1985
HQAustin, US
Websiteasuresoftware.com
Employee Ratings3

Latest Updates

Employees (est.) (Feb 2019)315
Job Openings33
Revenue (FY, 2017)$54.4 M(+54%)
Share Price (Feb 2019)$5.8

Key People/Management at Asure Software

Pat Goepel

Pat Goepel

CEO
Kelyn Brannon

Kelyn Brannon

CFO
Eyal Goldstein

Eyal Goldstein

CRO
Joe Karbowski

Joe Karbowski

COO, CTO
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Asure Software Office Locations

Asure Software has offices in Austin, Winston-Salem, Traverse City, Homewood and in 10 other locations
Austin, US (HQ)
3700 N Capital of Texas Hwy #350
Bellevue, US
STE 125 11400 SE 6th St
Eugene, US
102 2300 Oakmont Way
Henderson, US
24a 8905 S Pecos Rd
Homewood, US
# 416 117 Gemini Cir
Santa Ana, US
100 3631 S Harbor Blvd
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Asure Software Financials and Metrics

Asure Software Revenue

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Asure Software's revenue was reported to be $54.44 m in FY, 2017 which is a 53.2% increase from the previous period.
USD

Revenue (Q3, 2018)

23.5m

Gross profit (Q3, 2018)

15.0m

Gross profit margin (Q3, 2018), %

63.9%

Net income (Q3, 2018)

(3.6m)

EBIT (Q3, 2018)

(2.0m)

Market capitalization (12-Feb-2019)

89.6m

Closing stock price (12-Feb-2019)

5.8

Cash (30-Sep-2018)

19.2m
Asure Software's current market capitalization is $89.6 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

25.5m27.2m26.9m35.5m54.4m

Revenue growth, %

7%(1%)32%53%

Cost of goods sold

6.4m6.3m7.3m8.1m12.6m

Gross profit

19.0m20.9m19.6m27.4m41.8m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

6.5m6.5m6.5m7.0m6.3m7.2m6.7m6.7m9.7m9.4m10.7m12.9m15.5m19.3m21.8m23.5m

Cost of goods sold

1.5m1.6m1.4m1.6m1.7m1.9m1.8m1.7m2.2m2.0m2.4m2.8m3.4m5.6m7.2m8.5m

Gross profit

4.9m5.0m5.2m5.4m4.7m5.3m4.9m5.0m7.5m7.4m8.3m10.1m12.1m13.7m14.5m15.0m

Gross profit Margin, %

76%76%79%77%74%74%74%74%77%79%77%78%78%71%67%64%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

3.9m320.0k1.2m12.8m27.8m

Accounts Receivable

3.9m5.3m4.7m8.1m13.4m

Prepaid Expenses

1.3m1.3m1.1m1.3m2.6m

Inventories

77.0k1.3m784.0k487.0k509.0k
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

3.1m1.7m2.0m1.6m274.0k213.0k122.0k553.0k283.0k289.0k2.3m30.4m27.5m25.8m46.8m19.2m

Accounts Receivable

4.9m5.2m4.2m4.5m6.2m6.6m9.0m13.1m13.9m13.9m

Prepaid Expenses

1.2m1.5m1.6m928.0k1.4m1.4m2.0m2.3m1.9m3.4m

Inventories

170.0k79.0k260.0k318.0k263.0k313.0k700.0k634.0k516.0k616.0k530.0k491.0k781.0k719.0k1.9m1.3m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(1.7m)(262.0k)(1.8m)(972.0k)(5.7m)

Depreciation and Amortization

2.9m2.8m3.0m3.6m6.1m

Inventories

177.0k(93.0k)(615.0k)297.0k(17.0k)

Accounts Payable

(1.0m)(136.0k)1.1m(1.1m)(254.0k)
USDY, 2018

Financial Leverage

3.1 x
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Asure Software Operating Metrics

Asure Software's Enterprise Customers was reported to be 7 k in Mar, 2018.
FY, 2014FY, 2015FY, 2016Sep, 2017FY, 2017Mar, 2018

Enterprise Customers

6 k6 k7 k8 k10 k7 k

Countries

80 80 80 80 80

Indirect Customers

70 k

Product Lines

2 2 2 5
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Asure Software Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Pay Systems of America, Inc.January 02, 2018
Savers Administrative ServicesJanuary 02, 2018
TelePayrollJanuary 02, 2018
Associated Data ServicesOctober 02, 2017
Compass HRMMay 26, 2017
iSystemsMay 26, 2017
Corporate Payroll Inc., (CPI-HR)January 03, 2017
Payroll Specialties NWJanuary 03, 2017
Personnel Management SystemsJanuary 03, 2017
Mangrove Employer ServicesMarch 21, 2016$17.30 m
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Asure Software Revenue Breakdown

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Asure Software revenue breakdown by business segment: 8.5% from Professional Services Revenue, 8.2% from Maintenance and Support Revenue, 8.6% from Hardware Revenue, 72.1% from Cloud Revenue and 2.6% from Other

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Asure Software Online and Social Media Presence

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Asure Software News and Updates

Healthcare Natural Language Processing (NLP) Market is growing with list of key players such as Asure Software, Condeco Group, IBM, Planon, Yardi Systems

Natural language processing (NLP) is a subfield of computer science, information engineering, and artificial intelligence concerned with the interactions between computers and human (natural) languages, in particular how to program computers to process and analyze large amounts of natural language d…

Asure Software Acquires Omaha-based Reseller and Updates 2019 Guidance

Asure Software Expands National Presence Asure Software Expands National Presence

Asure Software Amends its Credit Agreement; Improves Financial Flexibility

AUSTIN, Texas, Jan. 07, 2019 (GLOBE NEWSWIRE) -- Asure Software (NASDAQ-CM: ASUR), a leading provider of Human Capital Management (HCM) and workspace management software, today announced that it has successfully amended its credit agreement with Wells Fargo Bank, National Association and Goldman S…

Asure Software Partners with SPREO to Expand Portfolio of Workplace Management Solutions

New partnership creates new ways for people to interact with the workplace, adds indoor navigation and location sharing to occupancy and utilization data streams New partnership creates new ways for people to interact with the workplace, adds indoor navigation and location sharing to occupancy and u…

Asure Software Announces Third Quarter 2018 Results

AUSTIN, Texas, Nov. 09, 2018 (GLOBE NEWSWIRE) -- Asure Software, Inc. (NASDAQ: ASUR), a leading provider of Human Capital Management (HCM) and workspace management software, reported results for the third quarter ended September 30, 2018.

Asure Software to Eliminate Scheduling Complexity for New York School of Law with Resource Scheduler and Banner Integration

The combination of Resource Scheduler and Banner will create a seamless scheduling experience for faculty and students.
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Asure Software Company Life and Culture

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Asure Software Frequently Asked Questions

  • When was Asure Software founded?

    Asure Software was founded in 1985.

  • Who are Asure Software key executives?

    Asure Software's key executives are Pat Goepel, Kelyn Brannon and Eyal Goldstein.

  • How many employees does Asure Software have?

    Asure Software has 315 employees.

  • What is Asure Software revenue?

    Latest Asure Software annual revenue is $54.4 m.

  • What is Asure Software revenue per employee?

    Latest Asure Software revenue per employee is $172.8 k.

  • Who are Asure Software competitors?

    Competitors of Asure Software include Namely, Condeco and hibob.

  • Where is Asure Software headquarters?

    Asure Software headquarters is located at 3700 N Capital of Texas Hwy #350, Austin.

  • Where are Asure Software offices?

    Asure Software has offices in Austin, Winston-Salem, Traverse City, Homewood and in 10 other locations.

  • How many offices does Asure Software have?

    Asure Software has 15 offices.