SAN FRANCISCO and BURLINGTON, Massachusetts, July 14, 2015 /PRNewswire/ --
Francisco Partners, a global technology-focused private equity
firm, announced it has completed its acquisition of ClickSoftware,
a leading provider of automated mobile workforce management and
optimization solutions for the service industry. ClickSoftware is
now officially a private company, and will continue to operate as
ClickSoftware Technologies Ltd.
Matt Spetzler, partner at
Francisco Partners, commented, "Now that we have completed the
acquisition, we look forward to partnering with all of the
employees of ClickSoftware to continue to build a company
delivering world-class solutions to its customer base. We are
excited by the considerable growth potential that ClickSoftware has
in the marketplace and will support the Company on its journey as
it expands its market leadership with the transition to the
Cloud."
Dr. Moshe BenBassat,
ClickSoftware's Founder and CEO, has decided to retire from the CEO
role, though he will remain a board member of ClickSoftware and
also serve as an active advisor in further advancing its strategic
goals and growth objectives.
Paul Ilse, an Operating Partner
with Francisco Partners, has initially been named as Chief
Executive Officer of ClickSoftware, and, together with the existing
executive team will lead the Company to achieve its growth targets.
Paul has nearly 20 years of executive leadership experience in
enterprise application software solutions, most recently with
Aptean and previously with RedPrairie Corporation.
Also in conjunction with the closing of the transaction,
Hannan Carmeli, former President and
Co-CEO at ClickSoftware, will rejoin the Company in the role of
President, based in Israel.
Dr. Moshe BenBassat commented, "I
reached 67 last November, certainly a good age to transition the
leadership of ClickSoftware, and with Francisco Partners now as the
new owner, I decided this is the right time to pass the baton on to
my successor. I feel honored and privileged to have had the
opportunity to work with such an extraordinary team of individuals
at ClickSoftware. Together we have built a company which is widely
recognized as the consensus market leader in software products for
service and workforce optimization. ClickSoftware has a fantastic
future ahead, and I look forward to continuing to support the
Company in the future."
Paul Ilse added, "Dr. BenBassat
and the management team have built a very successful company, and I
am looking forward to joining them in designing and executing our
strategy to continue bringing high value for our customers and
partners."
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 global private equity firm that
specializes in investments in technology companies. Since its
launch fifteen years ago, FP has raised approximately $10 billion in committed capital and invested in
more than 150 technology companies, making it one of the most
active investors in the industry. The firm invests in transaction
values ranging from $50 million to
over $2 billion, where the firm's
deep sub-sector knowledge and operational expertise can help a
company realize its full potential.
Media Contacts:
Noa Schuman
ClickSoftware
+972-3-7659-467
Noa.Schuman@clicksoftware.com
SOURCE ClickSoftware Technologies Ltd