May 26, 2015 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of Clicksoftware Technologies Ltd (NASDAQ:CKSW), was announced concerning whether the takeover of Clicksoftware Technologies Ltd. for $12.65 per share is unfair to NASDAQ:CKSW stockholders.

The investigation by a law firm concerns whether certain officers and directors of Clicksoftware Technologies Ltd breached their fiduciary duties owed to NASDAQ:CKSW investors in connection with the proposed acquisition.

On April 30, 2015, Clicksoftware Technologies Ltd (NASDAQ:CKSW) announced that it has signed an agreement to be acquired by private funds managed by Francisco Partners Management L.P. in an all-cash transaction valued at approximately $438 million.
Under the terms of the agreement, private funds managed by Francisco Partners Management L.P will acquire all of Clicksoftware Technologies Ltds (NASDAQ:CKSW) outstanding ordinary shares for $12.65 per share in cash.

However, the investigation concerns whether the offer is unfair to NASDAQ:CKSW stockholders. More specifically, the investigation concerns whether the Clicksoftware Technologies Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

Clicksoftware Technologies Ltd (NASDAQ:CKSW) reported that its annual Total Revenue rose from $103.18 million in 2013 to $126.21 million in 2014 and that its Net Loss declined from $4.16 million in 2013 to $3.03 million in 2014.

Shares of Clicksoftware Technologies Ltd (NASDAQ:CKSW) closed on May 22, 2015, at $
per share.