BURLINGTON, Massachusetts,
June 11, 2015 /PRNewswire/ --
ClickSoftware Technologies Ltd. (NasdaqGS: CKSW) (the
"Company"), the leading provider of automated mobile workforce
management and optimization solutions for the service industry,
announced today that at its Special General Meeting of Shareholders
that was held today, the merger agreement and all related
transactions for the acquisition of the Company by private funds
managed by Francisco Partners Management L.P., were approved by a
majority of more than 99% of the shareholders voting in favor.
Closing of the transaction is expected to take place on or about
July 13, 2015.
About ClickSoftware
ClickSoftware (NasdaqGS: CKSW) is the leading provider of
automated mobile workforce management and service optimization
solutions for the enterprise, both for mobile and in-house
resources. As pioneers of the "Service chain optimization" and "The
real-time service enterprise" concepts, our solutions provide
organizations with end-to-end visibility and control of the entire
service management chain by optimizing forecasting, planning, shift
and task scheduling, mobility and real-time management of resource
and customer communication.
Available via the cloud or on-premise, our products incorporate
best business practices and advanced decision-making algorithms to
manage service operations more efficiently, in a scalable,
integrated manner. Our solutions have become the backbone for many
leading organizations worldwide by addressing the fundamental
question of job fulfillment: Who does What, for Whom, With what,
Where and When.
ClickSoftware is the premier choice for delivering superb
business performance to service sector organizations of all sizes.
The Company is headquartered in the
United States and Israel,
with offices across Europe, and
Asia Pacific. For more
information, please visit http://www.clicksoftware.com and follow
us on Twitter, the content of which is not a part of this press
release.
Safe Harbor for Forward Looking Statements
This press release contains express or implied forward-looking
statements within the Private Securities Litigation Reform Act of
1995 and other U.S. Federal securities laws. These forward-looking
statements include, but are not limited to, those statements
regarding the potential acquisition of the Company by Francisco
Partners, including statements regarding the expected timing of
closing the proposed merger. Such "forward-looking statements"
involve known and unknown risks, uncertainties and other factors
that may cause actual results or performance to differ materially
from those projected. Achievement of these results by ClickSoftware
may be affected by many factors, including, but not limited to,
risks and uncertainties regarding the ability to close the proposed
transaction on the proposed terms and within the anticipated time
period, or at all, which is dependent on the parties' ability to
satisfy certain closing conditions; the risk that the benefits of
the potential transaction may not be fully realized or may take
longer to realize than expected; the impact of the proposed
transaction on third-party relationships; actions taken by either
of the companies; and changes in regulatory, social and political
conditions, as well as general economic conditions. The
forward-looking statements contained in this press release are
subject to other risks and uncertainties, including those discussed
in the "Risk Factors" section and elsewhere in ClickSoftware's
annual report on Form 20-F for the year ended December 31, 2014, ClickSoftware's proxy
statement dated May 7, 2015 and in
subsequent filings with the Securities and Exchange Commission.
Except as otherwise required by law, ClickSoftware is under no
obligation to (and expressly disclaims any such obligation to)
update or alter its forward-looking statements whether as a result
of new information, future events or otherwise.
ClickSoftware Contact:
Noa Schuman
Investor Relations
+972-3-7659-467
Investor Relations Contact:
Christopher Harrison
KCSA Strategic Communications
+1-212-896-1267
charrison@kcsa.com
SOURCE ClickSoftware Technologies Ltd