ClickSoftware Announces Change in Executive Management
Co-CEO Hannan Carmeli Resigned from the Company; Dr. Moshe BenBassat to Continue as CEO
BURLINGTON, Massachusetts, September 3, 2013 /PRNewswire/ --
ClickSoftware Technologies Ltd. (NasdaqGS: CKSW), the leading provider of automated mobile workforce management and optimization solutions for the service industry, today announced that Co-CEO, Mr. Hannan Carmeli, has resigned from his position and will be leaving the Company. Mr. Carmeli previously held the titles of President and Chief Operating Officer, and was promoted to the Co-CEO position in June 2013. He will continue to serve the Company as long as needed to ensure a smooth transition. Dr. Moshe BenBassat, ClickSoftware's Founder, will continue as CEO.
"The Board determined that having two leaders at the top of the Company was not practical, and that it was in the Company's best interest to revert back to a more conventional structure of leadership under one CEO," said Dr. Israel Borovich, ClickSoftware's Chairman of the Board. "On behalf of ClickSoftware and the Board of Directors, I would like to thank Hannan for over 17 years of dedicated service to the Company, and wish him all the best for the future," Dr. Borovich added.
"On a personal note, I'd like to thank Hannan deeply for many years of joint work and sharing the load of running the Company," said Dr. Moshe BenBassat, ClickSoftware's Founder and CEO. "Moving forward, the Company continues to execute on its strategic plan through our powerful business mobility apps and our Cloud-based solutions for both large and small enterprises. In fact, several new contracts have already been signed during the third quarter, including two significant cloud-based deals with new customers," Dr. BenBassat added.
Mr. Carmeli joined ClickSoftware in 1996 as Manager of Product Services and Operations and has served as Executive VP of Sales & Professional Services since 2000, Chief Operating Officer since 2006, and as President from 2008 until his promotion to Co-CEO in June 2013.
ClickSoftware (NasdaqGS: CKSW) is the leading provider of automated mobile workforce management and service optimization solutions for the enterprise, both for mobile and in-house resources. As pioneers of the "Service chain optimization" and "The real-time service enterprise" concepts, our solutions provide organizations with end-to-end visibility and control of the entire service management chain by optimizing forecasting, planning, shift and task scheduling, mobility and real-time management of resource and customer communication.
Available via the cloud or on-premise, our products incorporate best business practices and advanced decision-making algorithms to manage service operations more efficiently, in a scalable, integrated manner. Our solutions have become the backbone for many leading organizations worldwide by addressing the fundamental question of job fulfillment: Who does What, for Whom, With what, Where and When.
ClickSoftware is the premier choice for delivering superb business performance to service sector organizations of all sizes. The Company is headquartered in the United States and Israel, with offices across Europe, and Asia Pacific. For more information, please visit http://www.clicksoftware.com and follow us on Twitter, the content of which is not a part of this press release.
To download ClickSoftware's investor relations app, which offers access to SEC documents, press releases, videos, audiocasts and more, please visit https://itunes.apple.com/us/app/cksw-ir/id530880886?mt=8 to download on your iPhone and iPad, or https://play.google.com/store/apps/details?id=com.theirapp.ckswir&hl=en for your Android mobile device.
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 the Company's strategic plans. Such "forward-looking statements" involve known and unknown risks, uncertainties and other factors that may cause actual results or performance to differ materially from those projected, 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, 2012 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.
Investor Relations Contact:
KCSA Strategic Communications
SOURCE ClickSoftware Technologies Ltd
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