Witness Systems Announces Completion of Sale of Common Stock (email this article)

ATLANTA--(BUSINESS WIRE)--Dec. 14, 2005--Witness Systems (Company Profile, Past Stories, Case Studies) (NASDAQ: WITS - News), a leading global provider of workforce optimization software and services, announced today that the underwriters of its offering have exercised their over-allotment option and completed the purchase of a total of 4,715,000 shares of common stock at $20 per share.

The underwriters are led by Deutsche Bank Securities Inc. The other lead-managers are SG Cowen & Co. and Thomas Weisel Partners LLC, and the co-managers are Raymond James and ThinkEquity Partners LLC. Copies of the final prospectus relating to the offering may be obtained from Deutsche Bank Securities Inc., 60 Wall Street, 4th Floor, New York, NY 10005, from the offices of any of the underwriters identified above, or from the SEC's Web site at www.sec.gov.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Witness Systems
Witness Systems (NASDAQ: WITS - News) is a leading global provider of workforce optimization software and services. The company's Impact 360TM solution - which plays a strategic role in the customer interaction centers of Global 2000 and small- and medium-sized businesses worldwide - is deployed in contact centers, as well as IP Telephony and back office environments, and throughout the extended enterprise, including branch offices. Witness Systems' software is comprised of quality monitoring, high-volume compliance and IP telephony recording solutions, as well as workforce management, actionable learning and performance management. The company's solutions enable organizations to optimize their workforce, processes and technology throughout the enterprise. For additional information about Witness Systems, visit www.witness.com.

Cautionary Note Regarding Forward-looking Statements: Statements in this press release regarding expectations as to the completion, timing and size of any public offering are "forward-looking" information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such statements involve a number of risks and uncertainties, including conditions in the financial markets and customary offering closing conditions. Please see the filings made by Witness Systems with the Securities and Exchange Commission for other factors that may affect forward-looking information.

Impact 360 and Witness are trademarks of Witness Systems, Inc., protected by laws of the U.S. and other countries.