Witness Systems Completes Acquisition of Blue Pumpkin

ATLANTA - Witness announced the completion of its acquisition of Blue Pumpkin Software, Inc.  The total purchase price of approximately $75 million consisted of $40 million in cash and 2.1 million shares of Witness Systems common stock.  The acquisition expands Witness Systems' software and services by adding forecasting, scheduling, adherence and planning applications. 
                
As part of employment offers to join the company, Witness Systems' Board of Director Compensation Committee has approved an award of options to acquire up to 800,000 shares of common stock.  These options will be awarded to approximately 120 Blue Pumpkin employees.  The stock option awards will be made as promptly as possible following the closing, subject to the commencement of employment of the individuals.