ClickSoftware Acquires SaaS Capabilities for Field Service

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
Shmuel.Arvatz@clicksoftware.com

Noa Schuman
Investor Relations
+972-3-7659-467
Noa.Schuman@clicksoftware.com

SOURCE ClickSoftware Technologies Ltd

Contacts: Shmuel Arvatz, Chief Financial Officer, +972-3-765-9400,
Shmuel.Arvatz@clicksoftware.com; Noa Schuman, Investor Relations,
+972-3-7659-467, Noa.Schuman@clicksoftware.com