Asure Software

Asure Software

Intuitive and innovative solutions designed to help organizations of all sizes and complexities build companies of the future. Learn more

Launch date
Employees
Market cap
CAD314m
Enterprise valuation
CAD301m (Public information from Sep 2024)
Austin Texas (HQ)

Financials

Estimates*

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Revenues, earnings & profits over time
USD2020202120222023202420252026
Revenues65.5m76.1m95.8m119m125m139m162m
% growth(10 %)16 %26 %24 %5 %11 %16 %
EBITDA2.4m(13.8m)10.5m17.3m25.4m29.1m33.3m
% EBITDA margin4 %(18 %)11 %15 %20 %21 %21 %
Profit(16.3m)3.2m(14.5m)(9.2m)(5.1m)<1m-
% profit margin(25 %)4 %(15 %)(8 %)(4 %)--
EV / revenue2.0x2.1x2.0x2.0x1.8x1.6x1.4x
EV / EBITDA55.7x-11.3x17.9x13.7x8.9x7.8x6.8x
R&D budget6.0m5.4m6.1m6.8m---
R&D % of revenue9 %7 %6 %6 %---
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DateInvestorsAmountRound
N/A

N/A

IPO
N/A

$3.2m

Post IPO Debt
*
N/A

$38.6m

Post IPO Equity
*
N/A

$40.0m

Post IPO Equity
Total Funding-

Recent News about Asure Software

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More about Asure Softwareinfo icon
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Asure Software, accessible via asuresoftware.com, is a company specializing in Human Capital Management (HCM) solutions tailored for small and medium-sized businesses (SMBs). The company provides cloud-based software and services designed to help businesses attract, develop, and retain talent while aligning with their financial growth goals. Asure's offerings include payroll, tax services, time and attendance tracking, and comprehensive human resources (HR) services.

The company operates in the HCM market, focusing on SMBs that need to efficiently manage their workforce without the burden of extensive IT infrastructure. Asure's software is delivered on a Software-as-a-Service (SaaS) basis, meaning clients can access the services online without needing to install or maintain hardware and software. This model is particularly advantageous for SMBs as it reduces upfront costs and allows for easy scalability, accommodating up to 1,000 employees without requiring upgrades or data migration.

Asure's business model revolves around a subscription-based service, which provides a steady revenue stream while offering clients the flexibility to manage their cash flow better. This approach is beneficial for growth-minded executives who prefer to invest their financial capital in growth initiatives rather than overhead costs.

The company's client base includes small and mid-sized businesses across various industries, and it partners with payroll service providers, benefit brokers, banks, and CPAs to extend its reach and enhance its service offerings. Asure's commitment to supporting businesses is evident in its proactive stance during challenging times, such as the Coronavirus pandemic, where it emphasized helping SMBs survive and thrive.

In summary, Asure Software is a key player in the HCM market, providing essential services that enable SMBs to manage their workforce efficiently and focus on growth.

Keywords: Human Capital Management, Payroll, Tax Services, Time Attendance, HR Services, SaaS, SMBs, Cloud-based, Subscription Model, Workforce Management.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.
Investments analysisEdit

Investments by Asure Software

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Legiant
ACQUISITION by Asure Software Dec 2011
PeopleCube
ACQUISITION by Asure Software Jul 2012
Roomtag
ACQUISITION by Asure Software Aug 2014
ADI Time
ACQUISITION by Asure Software Oct 2011
Associated Data Services
ACQUISITION by Asure Software Oct 2017
Personnel Management Systems
ACQUISITION by Asure Software Jan 2017
Savers Administrative Services
ACQUISITION by Asure Software Jan 2018
USA Payroll
ACQUISITION by Asure Software Jul 2018
Corporate Payroll, (CPI-HR)
ACQUISITION by Asure Software Jan 2017
ISystems
ACQUISITION by Asure Software May 2017
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