BURLINGTON, Massachusetts,
July 13, 2015 /PRNewswire/ --
ClickSoftware Technologies Ltd., a
leading provider of automated mobile workforce management and
optimization solutions for the service industry, announced the
completion of its acquisition by private funds managed by Francisco
Partners Management L.P. ("Francisco Partners"), a leading global
technology-focused private equity firm, for $12.65 per share, or approximately $438 million. With the completion of the
transaction, ClickSoftware is now a privately held company, and its
ordinary shares ceased to trade on the NASDAQ Global Select Market
and will be delisted effective today, July
13, 2015. As such, shareholders of ClickSoftware are no
longer able to trade their shares on NASDAQ.
Additionally, upon satisfaction of the applicable requirements
for deregistration, ClickSoftware intends to deregister its
ordinary shares under the Securities Exchange Act of 1934, thereby
suspending its reporting obligations under such Act.
About ClickSoftware
ClickSoftware is a 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 delivers 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. Follow us on Twitter.
About Francisco Partners
Francisco Partners is a leading global private equity firm,
which specializes in investments in technology and
technology-enabled services businesses. Since its launch over 15
years ago, Francisco Partners has raised approximately $10 billion in capital and invested in more than
150 technology companies, making it one of the most active and
longstanding investors in the technology industry. The firm invests
in transaction values ranging from $50
million to over $2 billion,
where the firm's deep sectorial knowledge and operational expertise
can help companies realize their full potential.
Media Contact:
Noa Schuman
ClickSoftware
+972-3-7659-467
Noa.Schuman@clicksoftware.com
SOURCE ClickSoftware Technologies Ltd