Austin software company on acquisition spree, issues tens of millions of dollars in new shares

Asure Software Inc. is set to acquire a pair companies that make tools for human resources management, and it expects to bring in nearly $27 million through a secondary stock offering.
The Austin-based company agreed May 25 to buy iSystems Holdings LLC, based in South Burlington, Vermont, and a related company company for $55 million — $32 million in cash, a $5 million promissory note and more than 1.5 million shares of stock valued at $18 million.
In a separate deal, Asure is also buying Florida-based…

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