Asure Software Reassures Clients Regarding Silicon Valley Bank

Rhea-AI Summary

Asure Software (Nasdaq: ASUR) announced that it has no accounts or client funds with Silicon Valley Bank or Signature Bank, reaffirming its financial stability amid recent banking sector volatility. Asure is a provider of cloud-based Human Capital Management (HCM) software solutions aimed at supporting small and mid-sized companies. Their offerings include payroll, tax services, time and attendance software, and HR services, which help clients navigate complex labor laws and manage resources effectively. This announcement highlights Asure's commitment to transparency and client security in uncertain economic conditions.

Positive

• No exposure to Silicon Valley Bank or Signature Bank, ensuring client funds are secure.
• Stable financial position reinforces trust among clients and investors.

Negative

• None.

AUSTIN, Texas, March 13, 2023 (GLOBE NEWSWIRE) -- Asure Software, Inc. (Nasdaq: ASUR), a leading provider of cloud-based Human Capital Management (“HCM”) software solutions, today announced that they do not have any deposit accounts, including client funds, with either Silicon Valley Bank or Signature Bank.

About Asure Software
Asure (Nasdaq: ASUR) is a leading provider of Human Capital Management (“HCM”) software solutions. We help small and mid-sized companies grow by assisting them in building better teams with skills to stay compliant with ever-changing federal, state, and local tax jurisdictions and labor laws, and better allocate cash so they can spend their financial capital on growing their business rather than back-office overhead expenses. Asure’s Human Capital Management suite, named Asure HCM, includes cloud-based Payroll, Tax Services, and Time & Attendance software as well as human resources (“HR”) services ranging from HR projects to completely outsourcing payroll and HR staff. We also offer these products and services through our network of reseller partners. Visit us at asuresoftware.com.

Asure Investor Relations Contact
Randal Rudniski
Vice President, Investor Relations, Financial Planning & Analysis
512-859-3562
randal.rudniski@asuresoftware.com

FAQ

What did Asure Software announce on March 13, 2023?

Asure Software announced that it has no deposit accounts, including client funds, with either Silicon Valley Bank or Signature Bank.

How does Asure Software help companies?

Asure Software provides HCM software solutions that assist companies in managing payroll, tax services, time and attendance, and compliance with labor laws.

What is the stock symbol for Asure Software?

The stock symbol for Asure Software is ASUR.

Why is Asure Software's announcement important for investors?

The announcement is important as it indicates that Asure Software has maintained its financial stability, which is reassuring for investors concerned about potential banking risks.

Where can I find more information about Asure Software?

More information about Asure Software can be found on their official website at asuresoftware.com.