ClickSoftware Acquires SaaS Capabilities for Field Service
07 Julho 2009 - 9:33AM
PR Newswire (US)
BURLINGTON, Massachusetts, July 7 /PRNewswire-FirstCall/ -- -
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 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 http://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. 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,
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