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Slide #68. ClickSoftware — Xora Inc.
ClickSoftware Technologies Ltd. (NasdaqGS: CKSW), the leading provider of automated mobile workforce management and optimization solutions for the service industry, today announced it has entered into a definitive agreement to acquire Xora Inc., a cloud-based market leader in mobile workforce management, by merger. Under the terms of the merger agreement, the consideration for the transaction is approximately $14.7 million in cash, plus working capital and cash adjustments. The closing is subject to certain closing conditions and purchase price adjustments, and is expected to occur in the coming weeks.
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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Hold (2.00 out of 4)
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
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