ClickSoftware to Acquire Assets of Manchitra Services
07 Abril 2009 - 6:52AM
PR Newswire (US)
Acquisition Expands ClickSoftware's Drive Into India Providing
Significant Local Presence BURLINGTON, Massachusetts, April 7
/PRNewswire-FirstCall/ -- ClickSoftware Technologies Ltd.
(NASDAQ:CKSW), the leading provider of mobile workforce management
and service optimization solutions, today announced that it has
entered into a definitive agreement to acquire the workforce
management business from Manchitra Services Private Limited.
Manchitra Services Private Limited provides solutions in the areas
of workforce management, GIS-based network management and GIS based
solution development. Its offerings and capabilities include
consultancy, products, and software customization and integration.
ClickSoftware will acquire all the assets of the Manchitra
workforce management business including its product, customers and
about 25 employees. All of these assets will be transferred to a
newly formed subsidiary - ClickSoftware India Private Limited.
Under the terms of the definitive agreement, the consideration for
the transaction is about USD 2.65 million which ClickSoftware will
pay in cash at the closing of the transaction. The closing is
subject to certain closing conditions, and is expected to occur
during the month of April 2009. "Manchitra's capabilities will
enable ClickSoftware to significantly strengthen its local presence
in this region," said Professor Moshe BenBassat, Chairman and CEO
of ClickSoftware. "The value of workforce management and
optimization solutions is gaining recognition in India primarily by
utilities and telecommunication companies involved in the massive
expansion of the country's infrastructure. We see a tremendous
opportunity to play a leading role in selling and delivering these
solutions and helping organizations manage their growth and operate
efficiently and cost effectively." "The addition of the newly
acquired implementation and delivery arm in India will provide
ClickSoftware with a whole new range of benefits to customers and
prospects in that region. This will range from swift response to
market requests and competitive pricing to support of our system
integration partners," said Hannan Carmeli, President and COO of
ClickSoftware. "This is one more step towards aligning our delivery
capabilities with the vast potential presented by the recently
signed agreement with SAP," Carmeli explained. On the corporate
front, Carmeli continued, "Manchitra employees bring with them a
culture of innovation and a reputation for rapid and thorough
response to customers. Their dedication to excellence, continuous
improvement and commitment to building relationships of trust with
clients are fully consistent with ClickSoftware values."
ClickSoftware India along with the acquired employees will also
provide ClickSoftware with a base for off-shore research and
development as well as the opportunity to expand their
implementation services outside of India. The Company intends to
further discuss this acquisition in the upcoming earnings call due
on May 6th, 2009. About ClickSoftware ClickSoftware is the leading
provider of mobile workforce management and service optimization
solutions that create business value for service operations through
higher levels of productivity, customer satisfaction and cost
effectiveness. Combining educational, implementation and support
services with best practices and its industry-leading solutions,
ClickSoftware drives service decision making across all levels of
the organization. From proactive customer demand forecasting and
capacity planning to real-time decision making, incorporating
scheduling, mobility and location-based services, ClickSoftware
helps service organizations get the most out of their resources.
With over 100 customers across a variety of industries and
geographies, and strong partnerships with leading platform and
system integration partners - ClickSoftware is uniquely positioned
to deliver superb business performance to any organization. The
Company is headquartered in Burlington, Mass. and Israel, with
offices in Europe, and Asia Pacific. For more information about
ClickSoftware, please call +1-781-272-5903 or +1-888-438-3308, or
visit http://www.clicksoftware.com/. This press release contains
express or implied forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. These forward-looking statements
include, but are not limited to, those statements regarding future
results of operations, visibility into future periods, growth and
rates of growth, and expectations regarding future closing of
contracts, receipt of orders, recognition of revenues and deferred
revenues. 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 general economic outlook, the length of
or changes in ClickSoftware's sales cycle, ClickSoftware's ability
to close sales to potential customers in a timely manner and
maintain or strengthen relationships with strategic partners, the
timing of revenue recognition, foreign currency exchange rate
fluctuations, and ClickSoftware's ability to maintain or increase
its sales pipeline. 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 20F for the year
ended December 31, 2007 and in subsequent filings with the
Securities and Exchange Commission. 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. Contacts: Shmuel
Arvatz Chief Financial Officer +972-3-765-9400 Noa Schuman Investor
Relations +972-3-7659-467 DATASOURCE: ClickSoftware Technologies
Ltd CONTACT: Contacts: Shmuel Arvatz, Chief Financial Officer,
+972-3-765-9400, . Noa Schuman, Investor Relations,
+972-3-7659-467,
Copyright
Clicksoftware (NASDAQ:CKSW)
Gráfico Histórico do Ativo
De Jun 2024 até Jul 2024
Clicksoftware (NASDAQ:CKSW)
Gráfico Histórico do Ativo
De Jul 2023 até Jul 2024