AUSTIN, Texas, May 26, 2017 (GLOBE NEWSWIRE) -- Asure Software, Inc. (NASDAQ:ASUR), a leading global provider of Human Capital Management and workplace management software, today announced the pricing of an underwritten public offering of 1,900,000 newly issued shares of common stock for a public offering price of $13.50 per share. The gross proceeds to Asure from this offering are expected to be $25,650,000, before deducting the underwriting discounts and commissions and other estimated offering expenses payable by the company. Asure has granted to the representative of the underwriters a 30-day over-allotment option to purchase up to an additional 285,000 shares of common stock. The offering is expected to close on or about June 1, 2017, subject to customary closing conditions.

Asure intends to use the net proceeds received from the sale of the common stock for general corporate purposes. We may also use a portion of the net proceeds to acquire or invest in complementary businesses, assets or technologies, although Asure has not entered into any definitive agreement with respect to any specific acquisition at this time.

Roth Capital Partners is acting as the sole book-running manager for the offering.

About Asure Software, Inc.

Headquartered in Austin, Texas, with regional headquarters in London, England, Asure offers intuitive and innovative technologies that enable companies of all sizes and complexities to operate more efficiently. The company offers a high-performing work environment by integrating its “keep it simple” solutions and expertise to more than 7,000 clients worldwide. Asure Software’s suite of solutions range from HCM workforce management solutions, time and attendance to workspace asset optimization and meeting room management solutions.