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ClickSoftware Technologies Ltd.
Traded as privately held
Industry Business software, Field Service Management, Workforce Management
Predecessor ClickService Software
Founded 1979; 38 years ago (1979)
Founder Moshe BenBassat
Headquarters Burlington, Massachusetts, United States
Area served
Worldwide
Key people
Tom Heiser - CEO
Shay Gonen - CFO & COO
Services Workforce management, Field service management
Revenue Increase US$ 126.2 million (2014)
Owner Francisco Partners
Number of employees
750 +
Website www.clicksoftware.com
Footnotes / references

ClickSoftware Technologies is a privately held company, headquartered in Burlington, Massachusetts that offers automated mobile workforce management and service optimization solutions for enterprise and small businesses, both for mobile and in-house resources. They have over 650 employees in offices in North America, EMEA, and APAC.

ClickSoftware coined the term service chain optimization in 1996.

ClickSoftware was founded in 1979 by Moshe BenBassat and headquartered in Givat Shmuel, Israel. The company's name had earlier been ClickService Software, and IET–Intelligent Electronics before that. BenBassat has held faculty positions at the University of Southern California, at Tel Aviv University and at UCLA. In an interview with The Wall Street Transcript, BenBassat explained that the company developed from what had originally been his own consulting practice.

On Oct 21, 2002, ClickSoftware announced to restate financial statements for 2000 and 2001, as well as the first six months of 2002, following a review of the statements by the company's audit committee.

Shares of ClickSoftware began trading on the NASDAQ in 2000, at the height of the dot-com bubble. In 2003 ClickSoftware was chosen to optimize the scheduling and street-level routing of Deutsche Telekom's T-Com division's field service engineers. At the Summer Olympics in China in 2008 ClickSoftware was responsible for coordinating the activities of hundreds of telecommunications technicians.

In 2013 ClickSoftware successfully integrated it’s software with the native salesforce1 platform making its products available on the salesforce app exchange.

In 2014, ClickSoftware acquired Xora Inc., a cloud-based mobile workforce management company.

On April 30, 2015, ClickSoftware announced signing a definitive agreement to be acquired by private funds managed by Francisco Partners Management L.P., a technology-focused private equity firm, in an all-cash transaction valued at approximately $438 million. With the completion of the transaction, on July 13, 2015, ClickSoftware became a privately held company, and its ordinary shares ceased to trade on the NASDAQ Global Select Market. The Company continues to operate under the same brand as ClickSoftware Technologies Ltd. With the conclusion of the deal, Dr. Moshe BenBassat, ClickSoftware's Founder and CEO, retired from the CEO role, though remained a board member of ClickSoftware and also serves as an active advisor in further advancing its strategic goals and growth objectives. Paul Ilse, an Operating Partner with Francisco Partners, has initially been named as Chief Executive Officer of ClickSoftware. On October 1, 2015 Tom Heiser was appointed CEO, replacing Paul Ilse.

Street level routing is used in ClickSoftware and gives service organizations "eyes" on how to best direct field technicians from job to job taking into consideration the exact mapping of the road.

On March 5, 2014 it was announced that ClickSoftware would acquire Xora Inc., based in Mountain View, California, which provides software-as-a-service (SaaS) solutions for companies whose success depends on the productivity and efficiency of ‘always mobile’ workers. The acquisition was for approximately $15 million, including all working capital and net cash adjustments.

ClickSoftware has a large partnership ecosystem with resellers, system integrators and OEM such as IBM, SAP, Salesforce.com, Accenture, Capgemini, Infosys, EPI-USE, Atos, Infor, Diabsolut and more. StreetSmart products are sold through carrier partners such as Verizon, AT&T and Sprint Corporation.

News

ClickSoftware Technologies Ltd. (technology)

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2015 2015-11-06 Future report Set alerts
Q2 2015 2015-07-22 Future report Set alerts
Q1 2015 2015-05-06 -0.11 -0.14
Q4 2014 2015-02-04 0.11 0.08
Q3 2014 2014-10-29 0.00 -0.04
Q2 2014 2014-07-23 -0.03 -0.07
Q1 2014 2014-04-30 -0.03 -0.06
Q4 2013 2014-02-05 0.07 0.07
Q3 2013 2013-10-23 -0.10 -0.11
Q2 2013 2013-07-24 -0.07 -0.09

Ratings

2015-05-01 Downgrade Northland Securities Outperform to Market Perform $10.50 to $12.65
2015-02-05 Upgrade Lake Street Capital Hold to Buy
2014-10-23 Downgrade Lake Street Capital Buy to Hold
2014-05-01 Boost Price Target Oppenheimer Outperform $11.00 to $13.00
2014-03-17 Reiterated Northland Capital Outperform $13
2014-03-17 Reiterated Rating Northland Securities Outperform $13.00
2014-02-14 Initiated Coverage Lake Street Capital Buy
2014-01-14 Boost Price Target Northland Securities $11.00
2013-10-29 Initiated Northland Capital Outperform $10
2013-10-29 Initiated Coverage Northland Securities Outperform $10.00
2013-10-10 Lower Price Target Roth Capital Neutral $8.50 to $6.00
2013-10-10 Lower Price Target Oppenheimer Outperform $10.00 to $8.00
2012-07-23 Upgrade Maxim Group Hold to Buy $8 to $8.50
2012-04-09 Downgrade Maxim Group Buy to Hold $14 to $12
2012-03-16 Initiated Maxim Group Buy $14
2011-04-21 Initiated Oppenheimer Outperform $11
2010-07-14 Initiated Rodman & Renshaw Mkt Outperform $6.30
2010-07-13 Initiated RBC Capital Mkts Outperform $8
2009-12-29 Reiterated Roth Capital Buy $7 to $8
2009-10-26 Upgrade Roth Capital Hold to Buy $7
2009-07-15 Reiterated Roth Capital Hold $4.50 to $6
2008-07-24 Reiterated Roth Capital Hold $3.50 to $3
2008-07-24 Reiterated MDB Capital Group Buy $6 to $5.50
2008-07-23 Reiterated Maxim Group Buy $6 to $4
2008-05-16 Initiated Roth Capital Hold $3.50
2015-05-01 Downgrade Northland Securities Outperform to Market Perform $10.50 to $12.65
2015-02-05 Upgrade Lake Street Capital Hold to Buy
2014-10-23 Downgrade Lake Street Capital Buy to Hold
2014-05-01 Boost Price Target Oppenheimer Outperform $11.00 to $13.00
2014-03-17 Reiterated Northland Capital Outperform $13

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Funds

In CKSW 0 funds of 2183 total. Show all

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Major Shareholders

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