Application Software M&A » By The Online Investor Staff, updated Tue., May. 24, 7:43 AM
Recent mergers and acquisitions in the Application Software M&A category.
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Slide #52. ClickSoftware Technologies — Xora
Acquirer:
ClickSoftware Technologies (CKSW)
Acquiree:
Xora
Details:
ClickSoftware Technologies Ltd. (NasdaqGS: CKSW), the leading provider of automated mobile workforce management and optimization solutions for the service industry, today announced it has successfully completed its acquisition of Xora Inc., a cloud-based market leader in mobile workforce management. ClickSoftware acquired Xora for total cash consideration of approximately $15 million, including all working capital and net cash adjustments. Xora will retain its name and operate as a wholly owned subsidiary of ClickSoftware. Anne Bonaparte, the former CEO of Xora, will continue to lead the company as President.
ClickSoftware Technologies is a provider of software products and solutions for workforce management and optimization. Co.'s products and solutions incorporate best business practices, key business functions of service operations, and sophisticated decision-making algorithms that enable its customers to more efficiently manage their service operations in a scalable, integrated manner. Co. provides a cloud-based offering of its Service Optimization Suite, which aims at the large market enterprise customers with ClickWorkforce, ShiftExpert and StreetSmart, which aim at the small and mid-size company markets.
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Avg. Broker Rec.
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Hold (2.00 out of 4) 100th percentile
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