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Asure Software Inc - ASUR STOCK NEWS

Welcome to our dedicated page for Asure Software news (Ticker: ASUR), a resource for investors and traders seeking the latest updates and insights on Asure Software stock.

Company Overview

Asure Software Inc (NASDAQ: ASUR) is a technology-driven provider of cloud-based Human Capital Management (HCM) solutions designed to empower organizations by streamlining their workforce management processes. At its core, the company delivers a comprehensive suite of software-as-a-service (SaaS) offerings, integrating HR, payroll, tax management, time and attendance, benefits administration, and talent management. Focused on both small and mid-sized businesses, Asure Software enables clients to optimize their human capital strategies while ensuring operational compliance and efficiency.

Core HCM Solutions

Asure Software’s primary product suite, known as AsureHCM, is built on a robust, scalable cloud platform that delivers essential HCM tools including:

  • HR Management: Streamlined solutions covering recruitment, employee records, performance management, and consulting services.
  • Payroll and Tax Administration: Automated payroll processing integrated with cutting-edge tax management systems to help businesses remain compliant with evolving tax regulations.
  • Time and Attendance: Innovative tracking systems that manage employee schedules, streamline timekeeping, and foster effective resource allocation.
  • Benefits Administration and Talent Management: Tools designed to enhance employee engagement, streamline benefits, and guide talent acquisition strategies.

Comprehensive Platform Integration

Leveraging the SaaS delivery model, Asure Software collects, consolidates, and analyzes critical data points—ranging from people and time to physical assets—enabling businesses to effectuate strategic decisions based on accurate insights. This level of integration not only drives operational efficiency but also fortifies HR compliance efforts by minimizing manual errors and enhancing data integrity.

Market Position & Competitive Landscape

Operating in the competitive landscape of HCM solutions, Asure Software holds its ground through a unique focus on scalable, cloud-based offerings that are specifically designed for an agile workforce. By integrating innovative features such as AI-powered compliance mechanisms and seamless interoperability with established enterprise systems, the company differentiates itself from competitors by addressing both the operational and strategic needs of its client base. Its approach is characterized by a commitment to quality, regulatory compliance, and a clear demonstration of in-depth industry knowledge.

Innovation & Strategic Partnerships

The company continually evolves its platform through strategic acquisitions and valuable partnerships. Recent collaborations have expanded its capabilities in background screening services and applicant tracking, which enhance the recruitment process for small and mid-sized businesses. Moreover, its ties with technology leaders like AWS have enabled Asure to integrate artificial intelligence and machine learning enhancements into its payroll tax management and HR systems. These initiatives underline Asure Software’s commitment to leveraging technology to drive tangible improvements in HR functions and compliance assurances for its clients.

Key Features and Value Proposition

Asure Software’s offerings are characterized by several notable features that serve as its primary value propositions:

  • Flexibility and Scalability: Tailored solutions that adapt to business growth while facilitating the digital transformation of HR processes.
  • Enhanced Compliance: Built-in regulatory support and AI-augmented features that keep companies up-to-date with the latest legal requirements.
  • Integrated Workforce Management: A unified platform that connects various facets of human resource operations, thereby reducing administrative burdens and enabling data-driven decision making.
  • Cost-Effective SaaS Delivery: Cloud-based accessibility ensures that companies can access state-of-the-art HR tools without the burden of large capital expenditures.

Client Focus & Industry Applications

The versatility of Asure Software’s cloud-based HCM solutions allows it to cater to a diverse range of industries. Its client base spans from local and regional businesses to larger enterprises that require reliable, scalable, and secure HR management systems. By providing specialized HR compliance services and a high degree of collaboration between people, time, and assets, Asure Software not only meets but exceeds the operational expectations of modern businesses. Its platforms are designed keeping in mind the challenges of managing a global, mobile workforce, and they incorporate tools specifically engineered to support an agile, modern business environment.

Commitment to Expertise

With decades of cumulative experience in the HCM space, Asure Software places a strong emphasis on continuous improvement and innovation. Its industry experts consistently refine the product suite based on client feedback and evolving market trends, ensuring that every element of the platform meets high standards of efficiency, usability, and industry compliance. The integration of advanced analytical tools further demonstrates the company’s commitment to ensuring that its clients have actionable insights at their fingertips, thus reaffirming its dedication to building trust and authority within the HCM domain.

Industry Terminology & Approach

Throughout its operations, Asure Software employs key industry terminology such as cloud-based HCM solutions, SaaS delivery model, and workforce management to clearly communicate its business model to stakeholders. This commitment to clarity and precision reinforces its expertise and authoritativeness in the highly competitive field of human capital management.

Overall, Asure Software Inc represents a compelling example of how technology can be leveraged to revolutionize traditional HR functions. Its integrated, scalable, and technology-forward approach to HR and payroll solutions not only enhances operational efficiency but also provides businesses with the tools necessary to navigate the complexities of modern workforce management.

Rhea-AI Summary
Asure Software completes public offering of common stock, selling 3,333,333 shares at $12.00 per share. Proceeds may be used to acquire businesses and repay debt. Strong Q2 2023 results show 50% y/y revenue growth to $30.4 million. Potential benefits include paying off high-interest loan and top-line revenue growth from acquisitions. CEO highlights technology enhancements and partnerships.
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Asure Software closes underwritten public offering, raising approximately $40 million
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Asure Software announces pricing of public offering following strong Q2 2023 financial results
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Asure Software, Inc. announces the pricing of an underwritten public offering of 3,333,333 newly issued shares of common stock at a price of $12.00 per share. The gross proceeds are expected to be approximately $40 million. The offering is expected to close on August 21, 2023. Asure intends to use the net proceeds for general corporate purposes, including potential acquisitions or investments and repayment of outstanding indebtedness.
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Asure Software, Inc. plans to offer and sell newly issued shares of its common stock in an underwritten public offering. The company will grant the underwriters a 30-day over-allotment option. The net proceeds will be used for general corporate purposes, including potential acquisitions or investments and repayment of outstanding indebtedness. Stifel and Craig-Hallum are acting as joint book-running managers for the offering.
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Asure Software reports strong Q2 2023 financial results with revenue of $30.4 million, up 50% YoY. Recurring revenue jumped 21% YoY to $23 million. Adjusted EBITDA improved by $5.5 million YoY to reach $6.1 million. Gross profits climbed 80% YoY to $22 million. Management updates full-year 2023 revenue guidance to a range of $118 million to $120 million and adjusted EBITDA range of 19% to 20%. Asure forms strategic alliance with Vestwell to launch Asure 401(k) plan for small and medium-sized businesses.
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Asure Software, Inc. reported second-quarter revenues of $30.4 million, a 50% increase from the previous year. They also raised their 2023 financial targets and guidance. Recent business highlights include a new 401k product, a partnership with Amazon Web Services, and the release of an impact study on HR best practices. Asure has been added to the Russell 3000 Index. CEO Pat Goepel expressed optimism about the company's performance and their commitment to providing innovative HCM solutions for small businesses.
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FAQ

What is the current stock price of Asure Software (ASUR)?

The current stock price of Asure Software (ASUR) is $9.04 as of April 4, 2025.

What is the market cap of Asure Software (ASUR)?

The market cap of Asure Software (ASUR) is approximately 233.4M.

What core services does Asure Software Inc provide?

Asure Software Inc offers comprehensive, cloud-based HCM solutions that include HR management, payroll and tax administration, time and attendance tracking, benefits administration, and talent management.

How does Asure Software’s SaaS model benefit businesses?

The SaaS model allows businesses to access scalable, cloud-based HCM solutions without heavy upfront investments, ensuring flexibility, continuous upgrades, and seamless integration with their existing systems.

What distinguishes Asure Software from other HCM providers?

Asure Software differentiates itself by providing an integrated platform that leverages advanced technologies like AI and machine learning, ensuring enhanced compliance, data accuracy, and optimized resource management.

Who are the primary customers of Asure Software?

Asure Software primarily serves small to mid-sized businesses and regional enterprises, offering them tailored solutions to manage HR processes efficiently and comply with regulatory requirements.

How does Asure Software incorporate technology advancements in its solutions?

The company integrates cutting-edge technologies such as artificial intelligence and machine learning, especially in payroll tax management and HR compliance, to streamline operations and enhance user experience.

What role do strategic partnerships play in Asure Software’s business model?

Strategic partnerships expand the capabilities of Asure Software, enabling it to offer additional services like comprehensive background screening and advanced applicant tracking, which further enhance the overall functionality of its HCM suite.

How does Asure Software assist in regulatory compliance?

By incorporating advanced analytics, automated tools, and AI-driven compliance features, Asure Software helps businesses maintain accurate records and adhere to evolving HR and tax regulations.

What kind of support does Asure Software offer to enhance operational efficiency?

Asure Software provides a unified platform that connects disparate HR functions, offering robust integration, intuitive interfaces, and expert consulting services to help clients optimize their workforce management processes.
Asure Software Inc

Nasdaq:ASUR

ASUR Rankings

ASUR Stock Data

233.36M
25.08M
7.02%
77.73%
3.24%
Software - Application
Services-computer Integrated Systems Design
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United States
AUSTIN