Asure Software Secures $60 Million Credit Facility to Fuel Growth

Asure Software Inc. (NASDAQ: ASUR) 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 an immediate $20 million in funding, with an additional $40 million available until March 31, 2027.

The new credit facility represents a critical financial strategy for Asure, enabling the company to potentially accelerate product development, expand market reach, and enhance its AI-driven HCM solutions. By obtaining this flexible financing, Asure positions itself to invest in technological innovations and potentially pursue strategic growth opportunities in the competitive HR technology landscape.

Roth Capital Partners served as the exclusive financial advisor for the offering, underscoring the transaction's strategic importance. The credit facility will support Asure's continued development of comprehensive HR solutions, including payroll, time and attendance, benefits administration, and talent management services.

This financial move comes at a time when organizations are increasingly seeking scalable, technology-driven HR solutions. Asure's AI-enhanced approach to HR compliance and management could provide a significant advantage in meeting evolving workforce management needs across various industries and company sizes.