Witness Systems completes acquisition of blue pumpkin.
Witness Systems, a provider of performance optimization software Free and Open Source software
- ASCEND — mathematical modelling system
- OpenOpt (license: BSD) — toolbox with connections to lots of solvers, for Python language programmers
- COIN-OR SYMPHONY — integer programming, Common Public License
and services, has announced the completion of its acquisition of Blue
Pumpkin pumpkin, common name for the genus Cucurbita of the family Cucurbitaceae (gourd family), a group that includes the pumpkins and squashes—the names may be used interchangeably and without botanical distinction. C. Software, Inc., a provider of enterprise 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. solutions. The total purchase price of approximately $75 million
consisted of $40 million in cash and 2.1 million shares of Witness
Systems' common stock. Solutions from the combined company are
intended to offer customers a broader contact center performance
optimization optimization
Field of applied mathematics whose principles and methods are used to solve quantitative problems in disciplines including physics, biology, engineering, and economics. capability to include advanced workforce management
software. The acquisition expands Witness Systems' software and
services by adding forecasting, scheduling, adherence adherence /ad·her·ence/ (ad-her´ens) the act or condition of sticking to something.
immune adherence and planning
applications. Blue Pumpkin's solutions are intended to extend the
breadth and depth of Witness Systems' services offering in
workforce optimization.
A key asset and attraction of Blue Pumpkin, it seems, was its
employees. As part of employment offers to join the company, Witness
Systems' Board of Director Compensation Committee has approved an
award of options to acquire up to 800,000 shares of common stock. These
options will be awarded to approximately 120 Blue Pumpkin employees. The
stock option awards will be made "as promptly as possible following
the closing," subject to those employees' commencement of
employment.
www.witness.com
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Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.
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