Asure Software Secures $60 Million Credit Facility to Fuel Growth and Innovation

Asure Software Inc. has secured a significant $60 million credit facility with MidCap Financial, marking a strategic financial milestone for the cloud-based Human Capital Management (HCM) software provider. The agreement provides the company with immediate access to $20 million, with an additional $40 million available until March 31, 2027.

The new credit facility represents a critical financial strategy for Asure Software, enabling the company to potentially accelerate product development, expand market reach, and invest in emerging technologies like artificial intelligence. By obtaining this substantial funding, the company demonstrates its commitment to innovation in the HR technology sector.

Roth Capital Partners served as the exclusive financial advisor for the offering, highlighting the transaction's strategic importance. The credit facility will likely provide Asure Software with the necessary capital to enhance its suite of HCM solutions, which include HR, payroll, time and attendance, benefits administration, payroll tax management, and talent management.

The funding comes at a crucial time when organizations are increasingly seeking scalable, efficient HR technologies. Asure Software's AI-driven approach to HR compliance services positions the company to meet growing market demands for intelligent, streamlined workforce management solutions.

This financial move signals Asure Software's confidence in its business model and potential for continued growth in the competitive HR technology landscape. The credit facility offers the company financial flexibility to potentially pursue strategic initiatives, invest in research and development, and maintain its competitive edge in providing comprehensive HCM software solutions.