Tuesday, November 13, 2018
Business

Austin software company acquires second Tampa business

Austin, Tex.-based Asure Software acquired Tampa's Compass HRM Inc. late last week for $6 million. Compass focuses on HR and payroll.

"Compass HRM offers extensive experience providing services and solutions to companies from a wide variety of industries and backgrounds," Pat Goepel, CEO of Asure, said. "This will only further grow our small business solution nationally."

Compass' 2016 revenue was about $3 million according to an Asure filing with the Securities and Exchange commission. It's Asure's second local acquisition. The Austin company bought Tampa-based Mangrove Employer Services Inc. in March 2016 for $17.3 million.

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