|[December 03, 2013]
Barrington Research Initiates Coverage of Asure Software with an "Outperform" Rating
AUSTIN, Texas --(Business Wire)--
Software (Nasdaq: ASUR), a leading provider of workplace management
software solutions, today announced that Barrington Research has
initiated coverage for Asure with an "outperform" investment rating.
Asure's strengths cited in the Barrington report issued Nov. 26 include:
SaaS (News - Alert) transition progress; growing cloud bookings.
Increasingly predictable growth and profitability, including 77
percent recurrent revenue as well as "land and expand" cross selling
opportunities, international growth potential and diversified customer
Unusually strong management team for a company of its size and
confidence in the team to grow the business and maximize shareholder.
Market penetration potential that is particularly strong for AsureForce®
in its target SMB market, which "has been clamoring for a competitive
workforce management solution to improve productivity and reduce
administrative costs," and AsureSpace's
space and equipment management leadership position in an emerging
facilities management sector.
"The company (Asure) is poised to increase growth, profitability, and
market share, in our opinion, as it completes the transition to SaaS,"
Houston, CFA, Barrington Research Vice President - Senior Investment
Analyst. "We like the management team, cross sell potential,
international opportunity and valuation."
"We are thrilled to receive this high rating and corresponding vote of
confidence from Barrington Research," said Asure Software CEO Pat
Goepel. "I am proud of the entire Asure team for its unwavering
focus on innovation and service to our clients, as well as sound
operations and business strategy to drive growth and shareholder value."
The report is available to institutional investors only and clients of Barrington
Research by calling 312-634-6000.
About Asure Software
Software, Inc., (Nasdaq: ASUR) headquartered in Austin, Texas,
offers cloud-based time and labor management and workspace management
solutions that enable businesses to control their biggest costs - labor,
real estate and technology - and prepare for the workforce of the future
in a highly mobile, geographically disparate and technically wired work
environment. Asure serves approximately 6,000 clients worldwide and
currently offers two main product lines: AsureSpace™
workplace management solutions enable organizations to maximize the ROI
of their real estate, and AsureForce®
time and labor management solutions deliver efficient management of
human resource and payroll processes. For more information, please visit www.asuresoftware.com.
Cautionary Note Regarding Forward Looking Statements
release may contain forward-looking statements that involve risks and
uncertainties. Any forward-looking statements and all other statements
that may be made in this news release that are not historical facts are
subject to a number of risks and uncertainties, and actual results may
differ materially. Please refer to Asure Software's filings with
the Securities and Exchange Commission (SEC (News - Alert)) for more information on the
risk factors that could cause actual results to differ. Copies of Asure
Software's filing are available from the SEC, may be found on Asure
Software's website, or may be obtained upon request from Asure Software.
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