1774 — Witness Systems acquires Optimis

May 30, 2005 | Conteúdos Em Ingles

Witness Systems announced its acquisition of Optimis Group Limited, the exclusive reseller of Blue Pumpkin’s enterprise workforce management solutions in the U.K. The purchase price totals approximately $5 million.

The release note explains that this acquisition enables Witness Systems to position its comprehensive workforce optimization software solutions effectively in this important market.

Witness Systems will be adding approximately 15 employees from Optimis , which will extend the breadth and depth of its U.K.-based services offering in workforce optimization. As part of employment offers to join Witness Systems, the Compensation
Committee of the Board of Directors has approved an award of options to acquire, in the aggregate, up to 50,000 shares of common stock to those Optimis employees who join the company. The stock option awards will be made as promptly as possible following the closing, subject to the commencement of employment of the individuals.

As a result of this acquisition, the company says it is increasing its annual revenue and earnings guidance. For the year 2005, Witness Systems is increasing its estimate of adjusted revenue to a range of $180 to $182 million, and is also increasing its estimate of non-GAAP adjusted earnings to a range of $0.60 to $0.63 per share. The company is not changing its guidance for the second
quarter of 2005 .


Em Foco – Empresa