eGain Announces Pricing of Secondary Public Offering of Common Stock

SUNNYVALE, CA--(Marketwire - Feb 13, 2013) - eGain Corporation (NASDAQ: EGAN), a leading provider of cloud customer engagement solutions, today announced that certain of its stockholders priced an underwritten public offering for an aggregate of 2,170,000 shares of common stock at a price to the public of $6.75 per share. Certain of the selling stockholders have also granted to the underwriters a 30-day option to purchase, at the same price per share as the underwriters paid for the initial shares, an additional 325,500 shares to cover over-allotments in connection with the offering. eGain will not receive any proceeds from the sale of common stock by the selling stockholders.

The offering is expected to close on February 19, 2013, subject to customary closing conditions. Needham & Company, LLC is acting as the sole book-running manager for the offering. Roth Capital Partners,LLC is acting as co-manager. Loewen Ondaatje McCutcheon USA Limited is acting as financial advisor in connection with the offering.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein, nor shall there by 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 such state or jurisdiction. The shares described above are being offered by the selling stockholders pursuant to a registration statement previously filed with and subsequently declared effective by the Securities and Exchange Commission. Copies of the prospectus supplement and accompanying base prospectus relating to this offering may be obtained, when available, from Needham & Company, LLC, 445 Park Avenue, New York, NY 10022, 800-903-3268.

About eGain
eGain is a leading provider of cloud customer engagement solutions. Trusted by leading brands, eGain solutions help design and deliver smart, connected customer journeys across social, mobile, web, and contact centers. Headquartered in Sunnyvale, California, eGain has operating presence in North America, EMEA, and APAC.

Note: eGain is a registered trademark, and the other eGain product and service names appearing in this release are trademarks or service marks, of eGain. All other trademarks or registered trademarks are the property of their respective holders.

Cautionary Note Regarding Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 regarding the public offering and the anticipated closing and timing of the closing. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including the satisfaction of the conditions to closing of the offering, market conditions, risks related to our business, and other risks detailed from time to time in eGain's filings with the Securities and Exchange Commission, including eGain's Quarterly Report on Form 10-Q for the quarter ended December 31, 2012. eGain assumes no obligation to update any forward-looking statements.