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 to manage labor and labor administration costs and activities.

Type
Public
HQ
Austin, US
Founded
1985
Size (employees)
179 (est)+36%
Asure Software was founded in 1985 and is headquartered in Austin, US
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Key People/Management at Asure Software

Pat Goepel

Pat Goepel

CEO & Board Of Directors
Kelyn Brannon

Kelyn Brannon

CFO
Eyal Goldstein

Eyal Goldstein

CRO
Joe Karbowski

Joe Karbowski

COO/CTO

Asure Software Office Locations

Asure Software has offices in Surrey, London, Vernon Hills, Henderson and in 2 other locations
Austin, US (HQ)
110 Wild Basin Rd S
Henderson, US
24a 8905 S Pecos Rd
Tampa, US
1501 S Church Ave
Vernon Hills, US
945 Lakeview Pkwy
London, GB
Sutherland House 3 Lloyd's Ave
Surrey, GB
31 Church Rd
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Asure Software Financials and Metrics

Asure Software Financials

Asure Software's revenue was reported to be $54.44 m in FY, 2017
USD

Revenue (FY, 2017)

54.4 m

Gross profit (FY, 2017)

41.8 m

Gross profit margin (FY, 2017), %

76.8%

Net income (FY, 2017)

(5.7 m)

EBIT (FY, 2017)

(1 m)

Market capitalization (20-Apr-2018)

164.5 m

Cash (31-Dec-2017)

27.8 m
Asure Software's current market capitalization is $164.5 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

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

Revenue growth, %

7%(1%)32%

Cost of goods sold

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

Gross profit

19 m20.9 m19.6 m27.4 m41.8 m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

6.3 m7.2 m6.7 m6.7 m9.7 m9.4 m10.7 m12.9 m15.5 m

Cost of goods sold

1.7 m1.9 m1.8 m1.7 m2.2 m2 m2.4 m2.8 m3.4 m

Gross profit

4.7 m5.3 m4.9 m5 m7.5 m7.4 m8.3 m10.1 m12.1 m

Gross profit Margin, %

74%74%74%74%77%79%77%78%78%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

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

Accounts Receivable

3.9 m5.3 m4.7 m

Inventories

1.3 m1.3 m1.2 m487 k509 k

Current Assets

9.7 m7.1 m7.8 m45.6 m86.6 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Cash

3.1 m1.7 m2 m1.6 m274 k213 k122 k553 k283 k289 k2.3 m30.4 m

Inventories

170 k79 k260 k318 k263 k313 k700 k634 k516 k616 k530 k491 k

Current Assets

9 m7.6 m7.1 m7 m6.6 m7.2 m6.6 m35.2 m32.9 m21.2 m44.3 m74.7 m

PP&E

1.1 m1.3 m1.3 m1.2 m2 m2.2 m2.3 m2.2 m2 m1.8 m1.8 m3.1 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(1.7 m)(262 k)(1.8 m)(972 k)(5.7 m)

Depreciation and Amortization

2.9 m2.8 m3 m2.3 m6.1 m

Inventories

177 k(93 k)(615 k)297 k(17 k)

Accounts Payable

(1 m)(136 k)1.1 m(1.1 m)(254 k)
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

109 k(530 k)15 k161 k(483 k)95 k(574 k)(1.6 m)136 k315 k(1.1 m)

Depreciation and Amortization

497 k494 k505 k504 k505 k377 k626 k625 k847 k

Inventories

260 k318 k263 k313 k700 k634 k516 k616 k530 k

Accounts Payable

1.4 m1.7 m2.2 m2.1 m2.1 m1.9 m2.4 m2.5 m2.3 m
USDY, 2017

Revenue/Employee

412.4 k

Financial Leverage

3.2 x
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Asure Software Operating Metrics

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

Enterprise Customers

6 k6 k7 k7 k

Countries

80 80 80 80

Direct Customers

8 k

Indirect Customers

70 k
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Asure Software Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
VTEL Germany, GmbH
ADI Software, LLC
Forgent Networks Canada, Inc
Compression Labs
iEmployee, Inc
Isystems Intermediate Holdco, Inc.
VTEL Australia, PTY LTD
Global Scheduling Solutions Inc.
Sheakley PaySystems
Savers Administrative Services January 02, 2018
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