ClickSoftware Files Form F-3 Shelf Registration Statement

BURLINGTON, Massachusetts, April 14, 2010 /PRNewswire-FirstCall/ -- ClickSoftware Technologies Ltd. (NasdaqGS: CKSW), the leading provider of workforce management and service optimization solutions, today announced it has filed a shelf registration statement on Form F-3 with the Securities and Exchange Commission (SEC). The registration provides for the offer and sale of up to 15,000,000 shares of ClickSoftware's ordinary shares in one or more public offerings.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet been declared effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. Once declared effective with the SEC, the shelf registration will remain effective for a period of three years. If and when the Company raises money under this shelf registration, the Company intends to use the net proceeds from the sale of securities for general corporate purposes, including, but not limited to, acquisitions, working capital, and capital expenditures.

The specific terms of any future offerings will be established by ClickSoftware at the time of the offering, subject to market conditions, and will be described in a prospectus supplement filed with the SEC at that time.

This press release does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Any offering of these securities will be made solely by means of the prospectus included in the registration statement and any prospectus supplement that may be issued with respect to such offering. A copy of the final prospectus and prospectus supplement relating to any offering under the registration statement will be filed with the SEC and can be obtained, when available, by contacting ClickSoftware Technologies Ltd., Attention: Chief Financial Officer, Azorim Park, Oren Building, 94 Em-Hamoshavot Road, Petach Tikva 49527, Israel.

About ClickSoftware

ClickSoftware is the leading provider of workforce management and service optimization solutions that create business value for service operations through higher levels of productivity, customer satisfaction and cost effectiveness. Combining educational, implementation and support services with best practices and its industry-leading solutions, ClickSoftware drives service decision making across all levels of the organization. From proactive customer demand forecasting, capacity planning and shift scheduling to real-time decision making, incorporating scheduling, mobility and location-based services, ClickSoftware helps service organizations get the most out of their resources. With over 150 customers across a variety of industries and geographies, and strong partnerships with leading platform and system integration partners - ClickSoftware is uniquely positioned to deliver superb business performance to any organization. The company is headquartered in Burlington, Mass. and Israel, with offices in Europe, and Asia Pacific.

Safe Harbor for Forward Looking Statements

This press release contains express or implied forward-looking statements within the Private Securities Litigation Reform Act of 1995 and other U.S Federal securities laws. These forward-looking statements include, but are not limited to, those statements regarding future offerings under the shelf registration statement and the use of proceeds thereof. Such "forward-looking statements" involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those projected. Achievement of these results by ClickSoftware may be affected by many factors, including, but not limited to, risks and uncertainties regarding market conditions, ClickSoftware's capital requirements and alternative available sources of financing, the general economic outlook and available acquisition opportunities . The forward-looking statements contained in this press release are subject to other risks and uncertainties, including those discussed in the "Risk Factors" section and elsewhere in ClickSoftware's annual report on Form 20-F for the year ended December 31, 2009 and in subsequent filings with the Securities and Exchange Commission. Except as otherwise required by law, ClickSoftware is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise.

    Contacts:
    Noa Schuman
    Investor Relations
    +972-3-7659-467
    [email protected]

    Marybeth Csaby / Rob Fink
    KCSA Strategic Communications
    +1-212-896-1236 / +1-212-896-1206
    [email protected] / [email protected]

SOURCE ClickSoftware Technologies Ltd

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