ClickSoftware To Acquire Xora For About $14.7 Mln, Plus Working Capital

(RTTNews) - ClickSoftware Technologies Ltd. (CKSW), a provider of automated mobile workforce management and optimization solutions for the service industry, announced that it agreed to acquire Xora Inc., a cloud-based market leader in mobile workforce management. As per the terms of the merger deal, the consideration for the transaction is approximately $14.7 million in cash, plus working capital and cash adjustments.

The closing of the deal is subject to certain closing conditions and purchase price adjustments, and is expected to occur in the coming weeks.

Xora, Inc., based in Mountain View, California, provides software-as-a-service (SaaS) solutions for companies whose success depends on the productivity and efficiency of 'always mobile' workers. Xora delivers its solutions to more than 130,000 users and is one of North America's largest providers of mobile workforce management solutions.