CKSW (MM)

Washington, D.C. 20549

CLICKSOFTWARE TECHNOLOGIES LTD.

(Name of Issuer)

Ordinary Shares, par value of NIS 0.02 per share

(Title of Class of Securities)

M25082104

(CUSIP Number)

August 8, 2011

(Date of Event Which Requires Filing of this Statement)

 

 

CUSIP No.		M25082104

CUSIP No.		M25082104

CUSIP No.		M25082104

CUSIP No.		M25082104

CUSIP No.		M25082104

Item 1(a).		Name of Issuer:
		ClickSoftware Technologies Ltd. (the “Issuer”).
Item 1(b).		Address of the Issuer’s Principal Executive Offices:
		Azorim Park, Oren Building
		94 Em Hamoshavot Road
		Petach Tikva 49527 Israel
Item 2(a).		Name of Person Filing
		The Statement is filed on behalf of each of the following persons (collectively, the “Reporting Persons”):
		i)     Soros Fund Management LLC (“SFM LLC”);
		ii)    George Soros;
		iii)   Robert Soros; and
		iv)   Jonathan Soros.
		This statement relates to Shares (as defined herein) held for the account of Quantum Partners LP, a Cayman Islands exempted limited partnership (“Quantum Partners”). SFM LLC serves as principal investment manager to Quantum Partners. As such, SFM LLC has been granted investment discretion over portfolio investments, including the Shares, held for the account of Quantum Partners. George Soros serves as Chairman of SFM LLC, Robert Soros serves as Deputy Chairman of SFM LLC, and Jonathan Soros serves as President and Deputy Chairman of SFM LLC.
Item 2(b).		Address of Principal Business Office or, if None, Residence:
		The address of the principal business office of each of the Reporting Persons is 888 Seventh Avenue, 33 rd Floor, New York, New York 10106.
Item 2(c).		Citizenship:
		i)     SFM LLC is a Delaware limited liability company;
		ii)    George Soros is a United States citizen;
		iii)   Robert Soros is a United States citizen; and
		iv)   Jonathan Soros is a United States citizen.
Item 2(d).		Title of Class of Securities:
		Ordinary Shares, par value of NIS 0.02 per share (the “Shares”).
Item 2(e).		CUSIP Number:
		M25082104

CUSIP No.		M25082104

Item 3.		If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a:
		This Item 3 is not applicable.
Item 4.		Ownership:
Item 4(a).		Amount Beneficially Owned:
		As of August 8, 2011, each of the Reporting Persons may be deemed to have become the beneficial owner of 1,538,666 Shares. As of the date hereof, each of the Reporting Persons may be deemed to be the beneficial owner of 1,490,366 Shares.
Item 4(b).		Percent of Class:
		As of August 8, 2011, each of the Reporting Persons may be deemed to have become the beneficial owner of approximately 5.02% of the total number of Shares outstanding. As of the date hereof, each of the Reporting Persons may be deemed to be the beneficial owner of approximately 4.87% of the total number of Shares outstanding.
Item 4(c).		Number of shares as to which such person has:

		SFM LLC
		(i)		Sole power to vote or direct the vote			1,490,366
		(ii)		Shared power to vote or to direct the vote			0
		(iii)		Sole power to dispose or to direct the disposition of			1,490,366
		(iv)		Shared power to dispose or to direct the disposition of			0
		George Soros
		(i)		Sole power to vote or direct the vote			0
		(ii)		Shared power to vote or to direct the vote			1,490,366
		(iii)		Sole power to dispose or to direct the disposition of			0
		(iv)		Shared power to dispose or to direct the disposition of			1,490,366
		Robert Soros
		(i)		Sole power to vote or direct the vote			0
		(ii)		Shared power to vote or to direct the vote			1,490,366
		(iii)		Sole power to dispose or to direct the disposition of			0
		(iv)		Shared power to dispose or to direct the disposition of			1,490,366
		Jonathan Soros
		(i)		Sole power to vote or direct the vote			0
		(ii)		Shared power to vote or to direct the vote			1,490,366
		(iii)		Sole power to dispose or to direct the disposition of			0
		(iv)		Shared power to dispose or to direct the disposition of			1,490,366

CUSIP No.		M25082104

Item 5.		Ownership of Five Percent or Less of a Class:
		If this statement is being filed to report the fact that as of the date hereof the Reporting Persons have ceased to be the beneficial owners of more than five percent of the class of securities, check the following ☑.
Item 6.		Ownership of More than Five Percent on Behalf of Another Person:
		The partners of Quantum Partners are entitled to receive, or have the power to direct, the receipt of dividends from or the proceeds of sales of the Shares held for the account of Quantum Partners, in accordance with their ownership interests in Quantum Partners.
Item 7.		Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company:
		This Item 7 is not applicable.
Item 8.		Identification and Classification of Members of the Group:
		This Item 8 is not applicable.
Item 9.		Notice of Dissolution of Group:
		This Item 9 is not applicable.
Item 10.		Certification:
		By signing below each of the Reporting Persons certifies that, to the best of such person’s knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having such purpose or effect.

CUSIP No.		M25082104

SIGNATURES

After reasonable inquiry and to the best of my knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.

CUSIP No.		M25082104

EXHIBIT INDEX

				Page No.
A.		Joint Filing Agreement, dated as of August 18, 2011, by and among Soros Fund Management LLC, George Soros, Robert Soros, and Jonathan Soros				11
B.		Power of Attorney, dated as of June 26, 2009, granted by George Soros in favor of Armando T. Belly, Jodye Anzalotta, Maryann Canfield, Jay Schoenfarber, Robert Soros, and David Taylor				12
C.		Power of Attorney, dated as of October 3, 2007, granted by Robert Soros in favor of Armando T. Belly, Jodye Anzalotta, Maryann Canfield, Jay Schoenfarber, and David Taylor				13
D.		Power of Attorney, dated as of October 3, 2007, granted by Jonathan Soros in favor of Armando T. Belly, Jodye Anzalotta, Maryann Canfield, Jay Schoenfarber, and David Taylor				14

CUSIP No.		M25082104

EXHIBIT A

JOINT FILING AGREEMENT

The undersigned hereby agree that the Schedule 13G with respect to the Ordinary Shares, par value of NIS 0.02 per share, of ClickSoftware Technologies Ltd., dated as of August 18, 2011, is, and any amendments thereto (including amendments on Schedule 13D) signed by each of the undersigned shall be, filed on behalf of each of us pursuant to and in accordance with the provisions of Rule 13d-1(k) under the Securities Exchange Act of 1934.

CUSIP No.		M25082104

EXHIBIT B

POWER OF ATTORNEY

KNOW ALL MEN BY THESE PRESENT, that I, GEORGE SOROS, hereby make, constitute and appoint each of ARMANDO T. BELLY, JODYE ANZALOTTA, MARYANN CANFIELD, JAY SCHOENFARBER, ROBERT SOROS and DAVID TAYLOR, acting individually, as my agent and attorney-in-fact for the purpose of executing in my name, (a) in my personal capacity or (b) in my capacity as Chairman of, member of or in other capacities with Soros Fund Management LLC (“SFM LLC”) and each of its affiliates or entities advised by me or SFM LLC, all documents, certificates, instruments, statements, filings and agreements (“documents”) to be filed with or delivered to any foreign or domestic governmental or regulatory body or required or requested by any other person or entity pursuant to any legal or regulatory requirement relating to the acquisition, ownership, management or disposition of securities, futures contracts or other investments, and any other documents relating or ancillary thereto, including without limitation all documents relating to filings with the Commodity Futures Trading Commission and National Futures Association, the United States Securities and Exchange Commission (the “SEC”) pursuant to the Securities Act of 1933 or the Securities Exchange Act of 1934 (the “Act”) and the rules and regulations promulgated thereunder, including all documents relating to the beneficial ownership of securities required to be filed with the SEC pursuant to Section 13(d) or Section 16(a) of the Act and any information statements on Form 13F required to be filed with the SEC pursuant to Section 13(f) of the Act.

All past acts of these attorneys-in-fact in furtherance of the foregoing are hereby ratified and confirmed.

Execution of this power of attorney revokes that certain Power of Attorney dated as of the 16th day of June 2005 with respect to the same matters addressed above.

This power of attorney shall be valid from the date hereof until revoked by me.

IN WITNESS WHEREOF, I have executed this instrument as of the 26th day of June 2009.

CUSIP No.		M25082104

EXHIBIT C

POWER OF ATTORNEY

KNOW ALL MEN BY THESE PRESENT, that I, ROBERT SOROS, hereby make, constitute and appoint each of ARMANDO T. BELLY, JODYE ANZALOTTA, MARYANN CANFIELD, JAY SCHOENFARBER and DAVID TAYLOR, acting individually, as my agent and attorney-in-fact for the purpose of executing in my name, (a) in my personal capacity or (b) in my capacity as Deputy Chairman of, member of or in other capacities with Soros Fund Management LLC (“SFM LLC”) and each of its affiliates or entities advised by me or SFM LLC, all documents, certificates, instruments, statements, filings and agreements (“documents”) to be filed with or delivered to any foreign or domestic governmental or regulatory body or required or requested by any other person or entity pursuant to any legal or regulatory requirement relating to the acquisition, ownership, management or disposition of securities, futures contracts or other investments, and any other documents relating or ancillary thereto, including without limitation all documents relating to filings with the Commodity Futures Trading Commission and National Futures Association, the United States Securities and Exchange Commission (the “SEC”) pursuant to the Securities Act of 1933 or the Securities Exchange Act of 1934 (the “Act”) and the rules and regulations promulgated thereunder, including all documents relating to the beneficial ownership of securities required to be filed with the SEC pursuant to Section 13(d) or Section 16(a) of the Act and any information statements on Form 13F required to be filed with the SEC pursuant to Section 13(f) of the Act.

All past acts of these attorneys-in-fact in furtherance of the foregoing are hereby ratified and confirmed.

This power of attorney shall be valid from the date hereof until revoked by me.

IN WITNESS WHEREOF, I have executed this instrument as of the 3 ^rd day of October 2007.

CUSIP No.		M25082104

EXHIBIT D

POWER OF ATTORNEY

KNOW ALL MEN BY THESE PRESENT, that I, JONATHAN SOROS, hereby make, constitute and appoint each of ARMANDO T. BELLY, JODYE ANZALOTTA, MARYANN CANFIELD, JAY SCHOENFARBER and DAVID TAYLOR, acting individually, as my agent and attorney-in-fact for the purpose of executing in my name, (a) in my personal capacity or (b) in my capacity as President and Deputy Chairman of, member of or in other capacities with Soros Fund Management LLC (“SFM LLC”) and each of its affiliates or entities advised by me or SFM LLC, all documents, certificates, instruments, statements, filings and agreements (“documents”) to be filed with or delivered to any foreign or domestic governmental or regulatory body or required or requested by any other person or entity pursuant to any legal or regulatory requirement relating to the acquisition, ownership, management or disposition of securities, futures contracts or other investments, and any other documents relating or ancillary thereto, including without limitation all documents relating to filings with the Commodity Futures Trading Commission and National Futures Association, the United States Securities and Exchange Commission (the “SEC”) pursuant to the Securities Act of 1933 or the Securities Exchange Act of 1934 (the “Act”) and the rules and regulations promulgated thereunder, including all documents relating to the beneficial ownership of securities required to be filed with the SEC pursuant to Section 13(d) or Section 16(a) of the Act and any information statements on Form 13F required to be filed with the SEC pursuant to Section 13(f) of the Act.

All past acts of these attorneys-in-fact in furtherance of the foregoing are hereby ratified and confirmed.

This power of attorney shall be valid from the date hereof until revoked by me.

IN WITNESS WHEREOF, I have executed this instrument as of the 3 ^rd day of October 2007.

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