Asure Software Acquires ADI Time
October 03 2011 - 1:44PM
Business Wire
Asure Software, Inc. (NASDAQ-CM: ASUR), a leading provider of
workforce management software solutions, today announced that it
has acquired ADI Time®, a Warwick, R.I.-based leading vendor of
cloud computing time and attendance software and labor management
services.
ADI Time’s solutions help companies improve the supervision of
their workforces, provide better visibility into labor costs, and
achieve greater operational efficiencies. Through the asset
purchase agreement, Asure will now offer ADI Time’s full suite of
on-site and software-as-a-service (SaaS) time and attendance
solutions.
“This acquisition enables Asure to bring ADI Time’s solutions to
a much larger marketplace,” said Pat Goepel, Asure's Chief
Executive Officer. “ADI is focused on delivering solutions to the
small market and blue collar vertical markets, which complement
Asure’s iEmployee cloud-based time and attendance offering,
designed to meet the needs of the mid-market and the white collar
vertical markets. Together, these solutions enable us to meet
growing client demands today and well into the future. We are also
excited about the opportunity to offer iEmployee’s solution to the
11 ADI Time resellers and partners that come with the
acquisition.”
Steven Rodriguez, Asure’s Chief Operating Officer, added: "In
addition to filling an important piece of our workforce
productivity offering, we have also acquired a proprietary time
clock, which we think can revolutionize the market. The adiPad™ and
adiTouch™ time terminals seamlessly interface with labor management
subscription services and on-premise software to help organizations
of all sizes automate time and attendance, lower costs, and reduce
errors related to payroll processing. And, the organizations’
combined expertise will create new efficiencies and help us serve
our clients even more effectively.”
For additional financial details, please refer to Asure
Software’s 8-K, which will be issued later today and available at
www.asuresoftware.com.
About Asure Software
Asure Software, Inc. (NASDAQ-CM: ASUR), headquartered in Austin,
Texas, offers intuitive and innovative technologies that enable
companies of all sizes and complexities to operate more
efficiently. The company ensures a high-performing work environment
by integrating its "keep it simple" solutions and expertise to more
than 3,500 clients world-wide; Asure Software’s suite of solutions
range from time and attendance workforce management solutions to
asset optimization and meeting room management. For more
information, please visit www.asuresoftware.com.
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