LivePerson Announces Commencement of Dual Listing on the Tel Aviv Stock Exchange
By Liveperson Inc., PRNESaturday, March 12, 2011
Trading on the TASE commenced Sunday, March 13, 2011
TEL AVIV, Israel and NEW YORK, March 13, 2011 - LivePerson, Inc. (Nasdaq: LPSN), a leading provider of online, real-time
intelligent engagement solutions, announced today that trading of its common
stock has commenced on the Tel Aviv Stock Exchange ("TASE") under the ticker
symbol [LPSN]. LivePerson's common stock will continue to be listed on the
NASDAQ Capital Market in the United States, and LivePerson will remain
subject to the rules and regulations of NASDAQ and of the U.S. Securities and
Exchange Commission.
(Logo: https://photos.prnewswire.com/prnh/20110105/NY24753LOGO-a )
"We are very pleased to welcome LivePerson, a high-end
Software-as-a-Service provider, to the Tel Aviv Stock Exchange, where the
company joins an increasing number of dual-listed high-tech companies," said
Ester Levanon, CEO of the Tel Aviv Stock Exchange. "The TASE is the home of
Israel's innovative and growing companies. LivePerson joins some 140
high-tech listed companies, which reflects the strong position of the
Tel-Aviv Stock Exchange in the high-tech and biotech industries."
"We are very happy to join the TASE with a dual listing," said Robert
LoCascio, LivePerson's CEO. "LivePerson has had a strong connection to the
Israeli technology community since we acquired hosted software provider,
HumanClick, Ltd. in 2000. Today, LivePerson has more than 300 employees in
its Israel office, which is home to the company's technology and customer
support operations. We view our listing on TASE as a logical extension of our
strong presence in Israel and our connection to its vibrant technology
sector."
About LivePerson
LivePerson (www.solutions.liveperson.com/) is a leading provider
of real-time intelligent engagement solutions designed to optimize online
conversions, enhance customer service and reduce support costs for companies
of all sizes. Connecting businesses and independent experts with consumers
seeking help on the Web, LivePerson's hosted software platform creates more
relevant, compelling and personalized online experiences. Every month,
LivePerson's intelligent platform helps millions of people succeed online;
more than 8,500 companies, Cisco, Hewlett-Packard, IBM, Microsoft and
Verizon, rely on LivePerson to maximize the impact of the online channel.
LivePerson is headquartered in New York City with offices in San Francisco,
Atlanta, London and Tel Aviv.
Safe Harbor Provision
Statements in this press release regarding LivePerson that are not
historical facts are forward-looking statements and are subject to risks and
uncertainties that could cause actual future events or results to differ
materially from such statements. Any such forward-looking statements are made
pursuant to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. It is routine for our internal projections and
expectations to change as the quarter and year progresses, and therefore it
should be clearly understood that the internal projections and beliefs upon
which we base our expectations may change. Although these expectations may
change, we are under no obligation to inform you if they do. Actual events or
results may differ materially from those contained in the projections or
forward-looking statements. Some of the factors that could cause actual
results to differ materially from the forward-looking statements contained
herein include, without limitation: risks related to our common stock being
traded on more than one market, which may result in additional variations in
the trading price of our common stock; potential fluctuations in our
quarterly and annual results; the adverse effect that the global recession
may have on our business; competition in the real-time sales, marketing,
customer service and online engagement solutions market; risks related to the
operational integration of acquisitions; risks related to new regulatory or
other legal requirements that could materially impact our business; risks
related to our international operations, particularly our operations in
Israel, and the civil and political unrest in that region; impairments to
goodwill that result in significant charges to earnings; volatility of the
value of certain currencies in relation to the US dollar, particularly the
New Israeli Shekel, U.K. pound and Euro; continued use by our clients of the
LivePerson services and their purchase of additional services; responding to
rapid technological change and changing client preferences; technology
systems beyond our control and technology-related defects that could disrupt
the LivePerson services; privacy concerns relating to the Internet that could
result in new legislation or negative public perception; risks related to the
regulation or possible misappropriation of personal information; legal
liability and/or negative publicity for the services provided to consumers
via our technology platforms; and risks related to protecting our
intellectual property rights or potential infringement of the intellectual
property rights of third parties. This list is intended to identify only
certain of the principal factors that could cause actual results to differ
from those discussed in the forward-looking statements. Readers are referred
to the reports and documents filed from time to time by us with the
Securities and Exchange Commission for a discussion of these and other
important risk factors that could cause actual results to differ from those
discussed in forward-looking statements.
Liz Bacelar, LivePerson, Inc., +1-212-991-1708, ebacelar at liveperson.com
Tags: Israel, Israel And New York, Liveperson Inc., March 13, New York, Tel aviv