Overview
The recent divestiture of the Workspace Management business to FM:Systems will allow Asure (ASUR) to be a pure-play SaaS HCM (Human Capital Management). We found the background of the divestment strategic, given the asset and equity involved in the transaction worth $120 million. Following the divestiture, Asure will hold a minority interest in FM:Systems and receive some portion of the exposure to the Workspace Management sector.
Upon the divestiture and shift towards the new direction, we remain neutral on the stock. In particular, our concern lies in the company's positioning in the