Exhibit 99.01
FOR IMMEDIATE RELEASE
MENLO PARK, Calif. - February 12, 2002 - KANA Software, Inc. (NASDAQ: KANA) today announced that it completed the sale of an aggregate of approximately 2.9 million shares of its common stock to institutional investors in a private placement, for gross proceeds of approximately $34.5 million (before transaction-related expenses). Morgan Stanley & Co. Incorporated served as placement agent for the transaction. KANA has filed a registration statement with the Securities and Exchange Commission covering resales of the privately placed shares.
NOTE: KANA is a registered trademark of KANA Software, Inc.
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Contacts:
Jessica Hohn | Ken Peters/Jennifer Meyer | Carolyn Bass/Chris Finley |
KANA | PAN Communications | Market Street Partners |
508/653-4000 | 978/474-1900 | 415/321-2454 |
jhohn@kana.com | kana@pancomm.com | chris@marketstreetpartners.com |
