Quick Take
Workforce management software company Asure Software (ASUR) has completed the acquisitions of iSystems and Compass HRM for total consideration of $61 million.
The two acquired firms will assist Asure in selling its Mangrove-acquired HCM (Human Capital Management) solution as it scales its foray into the HCM market space, which it views as large and growing.
Assuming Asure isn’t overpaying for the ‘distribution’ of these service bureau networks, these deals should be the right strategy to provide its solutions to the HCM market.
