Asure’s acquisition of iSystems adds an industry leader in Human Capital Management technology and expands its Service Bureau community
AUSTIN, Texas, May 26, 2017 (GLOBE NEWSWIRE) — Asure Software (NASDAQ:ASUR), a leading provider of Human Capital Management (HCM) and Digital Workplace software announced today that it has acquired iSystems, LLC. Based in South Burlington, Vermont, iSystems through its flagship product, Evolution HCM, offers payroll, tax management and HR software combined with comprehensive back-end service bureau tools to service providers across the U.S.
With the acquisition of iSystems, and the addition of Evolution’s SMB HCM solutions, Asure continues to position itself as a preeminent software platform for service bureaus and other payroll software providers. Developed in 1999 by payroll and HR service bureau veterans specifically for the service bureau market, Evolution has a rich history of innovation as a dynamic payroll, HR, and tax management system. With over 75,000 companies and 1.5 million end users, Evolution continues to expand its service bureau licensee base through offering comprehensive HCM solutions for customers of all sizes and complexities.
“We are continuing to compete in a much larger market. With the acquisition of iSystems, our strategy of partnering with the customer base of service bureau organizations and helping them grow continues,” said Asure Software CEO Pat Goepel. “By scaling with Asure we will be able to offer the iSystems client base an exceptional experience, with an innovative approach to human capital management. We see this acquisition accretive to our overall P&L.”
“We are extremely excited to align iSystems and the Evolution product suite and platform tools with the Asure family of innovative workplace and HCM solutions,” stated Dan Gill, Chairman of the Board for iSystems, LLC. “The combination of our two companies will provide substantial benefits to the Evolution licensee base and create a stronger competitor in the HCM space. We are excited to become a major shareholder of Asure Software.”
The acquisition of iSystems supports Asure’s strategy for continued growth in HCM and Workplace management. Together both companies will meet the growing client demands and change the dynamic of how people are managed not only today, but into the future.
Asure Software, Inc. (NASDAQ:ASUR), headquartered in Austin, Texas, offers intuitive and innovative technologies that enable companies of all sizes and complexities to operate more efficiently, building companies of the future. Our cloud platform has helped more than 7,500 clients worldwide to better manage their people and space for a mobile, digital, multi-generational, and global organization. Asure Software’s suite of solutions range from HCM workforce management solutions and time and attendance to workspace asset optimization and meeting room management solutions. For more information, please visit www.asuresoftware.com.
About iSystems iSystems, LLC is the company behind Evolution, which provides accuracy, productivity, and financial control within one single-source, end-to-end HCM solution. iSystems values and understands the importance of innovation and perseverance to provide its service provider clients with a secure, scalable and reliable technology. The company maintains a high level of product and technical support, provides ongoing training programs, offers marketing and sales support, and ensures a high level of commitment to the research and development of new products and services. The Evolution HCM software was recently recognized by CIO Review and its independent board of advisors as one of the 20 Most Promising HR Technology Solution Providers for 2016 in the country.