Asure Software acquires Lathem time & attendance for $39.5M, borrows $40M

ASURE SOFTWARE INC

Acquired 100% of Lathem Time 2025, LLC for $39.5 million in cash, subject to working capital adjustments.
Borrowed remaining $40M available under existing Credit Agreement to fund closing proceeds.
Amended credit agreement: minimum liquidity threshold raised from $6.0M to $7.5M; final payment fee increased from 1% to 2%.
Lathem provides time and attendance products; acquisition expands Asure's HCM software suite.

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