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Published on 5/22/2007 in the Prospect News Special Situations Daily.

NightWatch Capital reports 21.9% stake in Kana Software

By Lisa Kerner

Charlotte, N.C., May 22 - Kana Software, Inc. investors led by NightWatch Capital Management, LLC purchased 894,351 shares of the company's stock between May 8 and May 16, priced from $3.20 to $3.26 per share.

The reporting persons beneficially own 7,912,725 shares, or 21.9%, of the Menlo Park, Calif., customer communication software company's outstanding stock.


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