ClickSoftware Reports Share Distribution by Original Venture Capital Investor.Business Editors/High-Tech Writers BURLINGTON, Mass.--(BUSINESS WIRE)--Sept. 22, 2003 ClickSoftware Technologies Ltd. (Nasdaq:CKSW), a leading provider of end-to-end service chain optimization software Free and Open Source software
In a Bankruptcy case, when the debtor is insolvent, creditors generally agree to accept a pro rata share of what is owed to them. basis to Oak's investors. Oak has been an investor in ClickSoftware since 1997. Oak has not had a representative on the Board of the Company since 2001. The shares distributed by Oak may be sold into the public market without restrictions. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Oak, the decision to distribute shares to its investors was made in accordance with the standard policies and procedures Policies and Procedures are a set of documents that describe an organization's policies for operation and the procedures necessary to fulfill the policies. They are often initiated because of some external requirement, such as environmental compliance or other governmental used by Oak for similar investments. "We are proud to have been a financial supporter of the Company over the years, and are pleased by the great progress that management has made since our initial investment in 1997," said Fredric Harman, a General Partner of Oak. "The company was an early pioneer in providing service optimization solutions and we believe now is the leader worldwide in this vibrant market segment. The partnerships which invested in ClickSoftware are in their 9th year of existence, and at this stage in the life of the funds it is routine to distribute shares to our investors." About ClickSoftware ClickSoftware is a leading provider of end-to-end service optimization solutions that maximize service revenue and customer responsiveness while minimizing costs. ClickSoftware's Service Optimization suite includes strategic and tactical workforce planning Strategic Workforce Planning involves analyzing and forecasting the talent that companies need to execute their business strategy, proactively rather than reactively, it is a critical strategic activity, enabling the organization to identify, develop and sustain the workforce , optimized service scheduling, intelligent problem resolution, wireless workforce management Workforce Management (WFM) encompasses all the responsibilities for maintaining a productive and happy workforce. Sometimes referred to as HRMS systems, or even the larger ERP systems (Oracle, PeopleSoft, SAP). There are many software vendors within this space. , and business analytics, connecting all organizational levels and all functions. The company is headquartered in Burlington, MA and Israel, with offices in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Europe, and Asia Pacific. For more information about ClickSoftware, call 781-272-5903 or 888-438-3308 or visit http://www.clicksoftware.com |
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