FM:Systems to acquire Asure Software Workspace Management Business for $120m.

FM:Systems agreed to acquire Workspace Management business of Asure Software, the leading provider of dynamic cloud-based solutions that elevate how, when and where work gets done, in an asset and equity transaction valued at $120m. This transaction enables Asure to focus on and continue to deliver its award-winning Human Capital Management (HCM) solutions to small and midsize businesses. The transaction is expected to close in approximately 45 to 60 days, subject to customary closing conditions. “This strategic move allows Asure to be laser-focused on our HCM business. Most importantly, it allows us to accelerate innovation in our payroll, time and attendance and consulting business and provides us with the capital to grow and invest in our products, our people and our clients. As we approach a new decade, we’re continually pushing boundaries to grow and expand within the HCM space by equipping small business owners and resellers across the country with the best workforce solution that streamlines all HR processes and makes work more engaging.” Pat Goepel, Asure Software CEO.