Asure Software, formerly Forgent Networks, Inc., incorporated in 1985, is a licensor of intellectual property, as well as a provider of scheduling and asset management software solutions. The Company has two main business segments: intellectual property licensing and scheduling, and asset management software and services. It has distribution partners in the United Kingdom, Switzerland and Australia. During the fiscal year ended July 31, 2006 (fiscal 2006), approximately 19.1% of the software and services revenues were generated from international customers. In October 2007, Asure Software completed the acquisition of iEmployee.
In August 2005, The Company introduced its Advanced Catering Management module, which helps multi-site enterprises to integrate customized catering requests into their meeting scheduling process, on a site-by-site basis. The Company completed development and released its German version of MRM 6.0 in September 2005. In January 2006, It released Version 6.5 of Meeting Room Manager (MRM), which featured an interactive liquid crystal display (LCD) solution module that enabled customers to view meeting room schedules and book rooms from touch-screen LCD panels that can be wall mounted outside each conference room or placed on a common area reception desk. In June 2006, the Company released Version 7.0 of MRM, which includes features to helps users to schedule MRM managed meeting rooms directly from Microsoft Outlook, and to synchronize their MRM user lists and user group rights with Microsoft Active Directory. Version 7.0 also contains other new features and enhancements requested by customers.
The company's intellectual property licensing business is derived from its Patent Licensing Program. It's software business includes software products and services from its NetSimplicity product line, which provides solutions to common office administration problems. NetSimplicity's product, MRM, automates the entire facility scheduling process, including reserving rooms, requesting equipment, ordering food, sending invitations and creating reports. The product enables customers to utilize the software within minutes of starting their deployment. The Company also markets Visual Asset Manager, a Web-based management tool that enables companies to track and manage their fixed, mobile and information technology assets across the entire organization.
Richard N. Snyder > Chairman of the Board, President, Chief Executive Officer
Richard N. Snyder has served as a director of Forgent Networks Inc since December 1997 and was elected chairman of the board in March 2000. In June 2001, Mr. Snyder was elected president and chief executive officer of the Company. From September 1997 until assuming the positions of president and chief executive officer of the Company, Mr. Snyder served as founder and chief executive officer of Corum Cove Consulting, LLC, a consulting firm specializing in providing strategic guidance to high technology businesses. From 1996 until 1997, Mr. Snyder was the senior vice president of World Wide Sales, Marketing, Service and Support of Compaq Computer Corp., a worldwide computer company. From 1995 until 1996, Mr. Snyder was the senior vice president and general manager of Dell Americas, a computer manufacturer and marketer. Prior to 1995, Mr. Snyder served as group general manager of the Deskjet Products Group of Hewlett Packard. He also serves as a director of Symmetricom, Inc., based in San Jose, California.
Jay C. Peterson > Chief Financial Officer, Vice President -
Jay C. Peterson joined Forgent Networks Inc in September 1995 as Manager of Corporate Planning and has served as ForgentÆs Chief Financial Officer and Vice President of Finance since May 2000. Prior to joining the Company, Mr. Peterson performed as Assistant Controller with the Dell Direct Channel that generated $1 billion in annual sales at Dell Computer Corporation and held various financial positions during 11 years with IBM Corporation. Mr. Peterson holds a Masters in Business Administration degree and a Bachelor of Arts in Economics degree from the University of Wisconsin.
Nancy L. Harris > Vice President - Software
Nancy L. Harris joined Forgent Networks Inc in October 2001 as Vice-President of Marketing. She currently serves as ForgentÆs Vice-President of Software and is responsible for the daily operations of the CompanyÆs NetSimplicity software product line. Ms. Harris has 22 years experience in the software industry, serving in both marketing and development capacities. Prior to joining the Company, Ms. Harris was the Director of Marketing and Product Management at Clear Commerce, an Internet transaction-processing software company (2000 to 2001). Prior to that, Ms. Harris spent eight years with BMC Software in various positions including Director of Field Marketing, Director of Product Marketing and Development Manager. Ms. Harris also spent several years with Andersen Consulting in various capacities. Ms. Harris holds a Masters of Science in Marketing degree and a Bachelor of Science in Journalism degree from Northwestern University.
31,114,915 shares of Common Stock as of June 12, 2009