Asure announces Jay Whitehead's appointment to lead AsurePay™ Platinum and Marketplace, enhancing banking benefits for payroll clients.
Quiver AI Summary
Asure, a provider of cloud-based Human Capital Management software, has announced that Jay Whitehead, a well-known figure in HR and payment technology, will lead its AsurePay™ Platinum VIP Banking card and Marketplace divisions. With a rich background that includes founding Human Resources Outsourcing Today and leading various media and HR companies, Whitehead aims to enhance Asure’s offerings, particularly for payroll clients. He emphasized the need for accessible banking solutions for underbanked workers, stating that the AsurePay™ Platinum card outperforms higher-end options. CEO Pat Goepel expressed confidence in Whitehead's leadership to capitalize on significant growth opportunities in the card and marketplace sectors. Asure’s software solutions aim to streamline HR processes for organizations of all sizes.
Potential Positives
- Jay Whitehead, a seasoned expert in HR and payment technology, has joined Asure to lead the AsurePay™ Platinum VIP Banking card and Marketplace, indicating a strong commitment to enhancing their banking solutions.
- The introduction of AsurePay™ Platinum VIP Banking is positioned to provide significant benefits to nearly two million employees, particularly targeting underbanked non-exempt workers, which may enhance the company's market reach and social impact.
- CEO Pat Goepel’s statement highlights the competitive edge of AsurePay™ Platinum VIP Banking over similar offerings, suggesting potential for increased adoption among existing payroll clients.
Potential Negatives
- The announcement of a new leader for the AsurePay™ Platinum VIP Banking card and Marketplace businesses may imply prior leadership challenges or a need for a significant change in strategy, raising concerns about the company's previous direction.
- The press release does not provide specific details about the features of the AsurePay™ Platinum VIP Banking card or how it differentiates itself from competitors, potentially leaving investors questioning its market viability.
- While emphasizing the potential of the AsurePay™ offerings, the focus on the "untapped payroll base" could suggest that the company has not yet fully realized its growth potential, leading to skepticism about current market performance.
FAQ
Who is Jay Whitehead in relation to Asure?
Jay Whitehead is the new leader of AsurePay™ Platinum VIP Banking card and Marketplace businesses at Asure.
What is AsurePay™ Platinum VIP Banking?
AsurePay™ Platinum VIP Banking is a banking card designed for payroll clients, offering special features for underbanked workers.
What does Asure offer in terms of Human Capital Management?
Asure provides cloud-based HCM solutions including HR, payroll, time and attendance, benefits administration, and talent management.
Why is the Asure Marketplace valuable?
The Asure Marketplace offers financial and consumer products and services, giving access to untapped value for payroll clients.
How can I learn more about Asure’s services?
For more information about Asure’s offerings, visit their official website at www.asuresoftware.com.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$ASUR Insider Trading Activity
$ASUR insiders have traded $ASUR stock on the open market 2 times in the past 6 months. Of those trades, 0 have been purchases and 2 have been sales.
Here’s a breakdown of recent trading of $ASUR stock by insiders over the last 6 months:
- DANIEL M GILL sold 5,000 shares.
- EYAL GOLDSTEIN (Chief Revenue Officer) sold 10,000 shares.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$ASUR Hedge Fund Activity
We have seen 41 institutional investors add shares of $ASUR stock to their portfolio, and 42 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- ARCHON CAPITAL MANAGEMENT LLC removed 731,726 shares (-100.0%) from their portfolio in Q3 2024
- ARROWMARK COLORADO HOLDINGS LLC added 573,619 shares (+inf%) to their portfolio in Q3 2024
- NEEDHAM INVESTMENT MANAGEMENT LLC added 502,500 shares (+25.4%) to their portfolio in Q3 2024
- WHITTIER TRUST CO added 457,411 shares (+inf%) to their portfolio in Q3 2024
- RICE HALL JAMES & ASSOCIATES, LLC added 433,197 shares (+465.1%) to their portfolio in Q3 2024
- DEUTSCHE BANK AG\ removed 247,507 shares (-95.2%) from their portfolio in Q3 2024
- AQR CAPITAL MANAGEMENT LLC removed 170,922 shares (-88.1%) from their portfolio in Q3 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
AUSTIN, Texas, Jan. 07, 2025 (GLOBE NEWSWIRE) -- Asure (NASDAQ: ASUR), a leading provider of cloud-based Human Capital Management (HCM) software solutions, announced today that serial HR and pay technology pioneer Jay Whitehead has joined to lead its AsurePay™ Platinum VIP Banking card and Marketplace businesses.
Jay Whitehead founded Human Resources Outsourcing Today magazine and HRO World conferences, and led or helped lead media companies including CRN, PC Magazine, UPSIDE and Daily Journals, and HR, PEO and payment companies including Ultimate Software, TriNet, employeeservice.com, Rideau Recognition, PeopleDoc and recently, LeagueNetwork.com and ReentryCenters.com. He earned a BA from UCLA and a strategic finance certificate at Harvard Business School.
“Our payroll clients representing nearly two million employees tell us they want AsurePay™ Platinum VIP Banking, whose features even beat cards with $75,000 deposit minimums. Jay’s experience and energy gives Asure the winning hand to realize our large card and marketplace opportunities,” said CEO and Chairman Pat Goepel.
“Asure’s employer and payroll customers will want AsurePay™ Platinum VIP Banking to be at the top of their wallet. It’s 2025, about time for working folks, especially non-exempt workers who are underbanked, to get all the banking benefits of high earners,” said Jay Whitehead, Asure’s Senior Vice President. “And the Asure Marketplace is a deep well of value for companies who can help Asure’s largely untapped payroll base access value in financial and consumer products and services.”
About Asure
Asure (NASDAQ: ASUR) provides cloud-based Human Capital Management (HCM) software solutions that assist organizations of all sizes in streamlining their HCM processes. Asure's suite of HCM solutions includes HR, payroll, time and attendance, benefits administration, payroll tax management, and talent management. The company's approach to HR compliance services incorporates AI technology to enhance scalability and efficiency while prioritizing client interactions. For more information, please visit
www.asuresoftware.com
.
Contact Information:
Patrick McKillop
Vice President, Investor Relations
617-335-5058
[email protected]
