PERITUS SOFTWARE SERVICES INC
8-K, 1999-02-11
COMPUTER PROGRAMMING SERVICES
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<PAGE>
 
                      SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C. 20549
                            ______________________

                                   FORM 8-K
                                CURRENT REPORT
    PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934


      DATE OF REPORT (Date of Earliest Event Reported): February 3, 1999

                       COMMISSION FILE NUMBER 000-22647
                       --------------------------------

                        PERITUS SOFTWARE SERVICES, INC.
                        ------------------------------ 
            (Exact Name of Registrant as Specified in Its Charter)


         Massachusetts                                          04-3126919
- --------------------------------                            ------------------
(State or Other Jurisdiction                                 (I.R.S. Employer
of Incorporation or Organization)                           Identification No.)


  Two Federal Street, Billerica, Massachusetts                  01821-3540
- --------------------------------------------------------------------------------
    (Address of Principal Executive Offices)                    (Zip Code)
                                        

                                (978) 670-0800
                                --------------
             (Registrant's Telephone Number, Including Area Code)

                                Not Applicable
                                --------------
             (Former Name, Former Address and Former Fiscal Year,
                         If Changed Since Last Report)
<PAGE>
 
Item 5.  Other Events
         ------------

On February 3, 1999, Peritus Software Services, Inc. (the "Company") announced
that the Nasdaq Qualifications Listing Panel determined to delist its securities
from the Nasdaq Stock Market effective on the close of business on such date.
The securities of the Company may immediately be eligible to trade on the OTC
Bulletin Board.


Item 7.  Financial Statements, Proforma Financial Information and Exhibits
         -----------------------------------------------------------------

         (c) Exihibits.

             99. Press Release dated February 3, 1999



                                  SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.

Dated:  February 11, 1999

                                    Peritus Software Services, Inc.

                                    By: /s/ John D. Giordano
                                        --------------------
                                    Name:   John D. Giordano
                                    Title:  Vice President, Finance
                                            and Chief Financial Officer
<PAGE>
 
                                 EXHIBIT INDEX


    EXHIBIT NO.                     DESCRIPTION
         99                         Press Release dated February 3,1999

<PAGE>
 
                                                 Exhibit 99
                                                 Peritus Software Services, Inc.
                                                 For Immediate Release

     PERITUS SOFTWARE SERVICES, INC. DELISTED FROM THE NASDAQ STOCK MARKET

BILLERICA, MA.  February 3, 1999  Peritus Software Services, Inc. (NASDAQ:
PTUSE), announced that it was notified at 4:30 P.M. today by The Nasdaq Stock
Market, Inc. that the Nasdaq Qualifications Listing Panel determined to delist
the Company's securities from the Nasdaq Stock Market effective with the close
of business today.  According to the letter received by the Company, the Panel
determined to apply additional and more stringent listing criteria in light of
the Company's history of significant losses.

The securities of the Company may immediately be eligible to trade on the OTC
Bulletin Board.


About Peritus

Founded in 1991, Peritus Software Services, Inc. is a provider of software
maintenance outsourcing services.  The Peritus Software Asset Maintenance (SAM)
offerings enable organizations to transform the maintenance process into an
efficient, cost-effective discipline that boosts productivity and performance.
SAM offerings include customized services for software providers, information
systems organizations, and Year 2000 renovations.  Peritus is headquartered in
Billerica, MA.. For more information, see the Peritus web site at
http://www.peritus.com.


Contact:   John Giordano
      Chief Financial Officer
      Peritus Software Services, Inc.
      978-670-0800
      Fax: 978-670-2060
      Internet: [email protected]
                ---------------------

Peritus is a registered trademark and Software Asset Maintenance is a service
mark of Peritus Software Services, Inc.



                                        


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