Francisco Partners to Acquire ClickSoftware for $438M
May 01, 2015
Francisco Partners has signed a definitive agreement to acquire ClickSoftware Technologies (NASDAQ: CKSW) in an all-cash $438 million public-to-private buyout. Francisco Partners will acquire all of the company's outstanding ordinary shares for $12.65 per share, representing an approximately 45% premium to ClickSoftware's average closing price over the past 90 calendar days. Publicly traded since 2000, the company is a provider of automated mobile workforce management and service optimization solutions for the enterprise. The transaction is expected to close in July.