- Report of Foreign Issuer (6-K)
07 Julho 2009 - 9:41AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
Form
6-K
Report of
Foreign Private Issuer
Pursuant
to Rule 13a-16 or 15d-16
under the
Securities Exchange Act of 1934
For the
month of: July 2009
Commission
File Number: 000-30827
CLICKSOFTWARE TECHNOLOGIES
LTD.
(Translation
of registrant's name into English)
94 Em
Hamoshavot Road
Petach Tikva 49527,
Israel
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file annual reports under
cover of Form 20-F or Form 40-F.
Form 20-F
x
Form
40-F
o
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulations S-T Rule 101(b)(1):_____
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulations S-T Rule 101(b)(7):_____
Indicate
by check mark, whether the registrant by furnishing the information contained in
this Form is also thereby furnishing the information to the Commission pursuant
to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes
o
No
x
If "Yes"
is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b):
___
Attached hereto and incorporated by
reference herein is the registrant's press release announcing the signing of a
definitive agreement to acquire the assets of AST (marketed as The Contractor
Office), issued on July 7, 2009.
The
information in this Form 6-K of CLICKSOFTWARE TECHNOLOGIES LTD. is incorporated
by reference into the Form S-8 of the Company, registration number 333-158839,
filed with the Securities and Exchange Commission on April 28,
2009.
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
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CLICKSOFTWARE
TECHNOLOGIES LTD.
(Registrant)
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By:
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/s/
Shmuel Arvatz
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Name:
Shmuel Arvatz
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Title:
Executive Vice President and Chief Financial Officer
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Date: July 7, 2009
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Contacts:
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Shmuel
Arvatz
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Noa
Schuman
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Chief
Financial Officer
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Investor
Relations
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+972-3-765-9400
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+972-3-7659-467
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Shmuel.Arvatz@clicksoftware.com
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Noa.Schuman@clicksoftware.com
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ClickSoftware
Acquires SaaS Capabilities for Field Service
Acquisition
Extends ClickSoftware’s Leadership in Field Service Management and Optimization
by Adding On-demand Options to its Suite of Service Optimization Solutions
Targeting Small and Medium Sized Service Organizations
BURLINGTON, Mass., July 7, 2009 —
ClickSoftware Technologies Ltd. (NasdaqGS: 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 assets of AST
(marketed as The Contractor Office).
ClickSoftware
will acquire all the assets of AST including its technology, customers and
employees. Under the terms of the definitive agreement, the consideration for
the transaction is about USD 1.7 million in cash, most of which ClickSoftware
will pay at the closing of the transaction, and a small amount of which will be
paid contingent upon the achievement of certain targets. The closing
is subject to certain closing conditions, and is expected to occur during the
month of July.
“Our
vision is to provide field service management solutions for every size of
service business from 5 employees to 50,000,” said Dr. Moshe BenBassat, Chairman
and CEO of ClickSoftware. “In order to meet the needs of small service
businesses, we recognized that we needed to provide an affordable but powerful
web-based field service management solution. Through this acquisition, we now
have the platform, experience and capabilities to provide exactly that,” he
added.
“I am
very pleased to see AST and The Contractor Office brand become part of
ClickSoftware. Our companies share a unified vision of leading service
businesses to excellence and a shared focus on customer satisfaction,
leading-edge technology and innovative deployment models,” said Tamir Oren, CEO
of AST. “Our customers have made it very clear that reliability, trust and ease
of use are key criteria for small businesses. Becoming part of the ClickSoftware
team serves to address these criteria as well as greatly extending AST’s reach
and visibility in the market,” he added.
"We are
confident that the acquired technology in conjunction with the ClickSoftware
brand and organization will provide a clear differentiator in the market," said
BenBassat. “We were looking for a “Software as a Service” (SaaS) company to
complement ClickSoftware’s portfolio of solutions. AST emerged as a leading
player among On Demand Field Service Management vendors who offer a SaaS
solution. This acquisition will join a broader SaaS initiative that will offer
on-demand solutions to medium and enterprise sized service
organizations.”
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 130 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 (781) 272-5903 or (888) 438-3308,
or visit
www.clicksoftware.com
.
This
press release contains express or implied forward-looking statements within the
meaning of 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 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 20-F for the year ended December 31, 2008
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.
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