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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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F O R M 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR
15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of May 2004
ATTUNITY LTD
(Name of Registrant)
Einstein Building, Tirat Carmel, Haifa, Israel 39101
(Address of Principal Executive Office)
Indicate by check mark whether the registrant files or will file
annual reports under cover of Form 20-F or Form 40-F.
Form 20-F X Form 40-F__
Indicate by check mark if the registrant is submitting the Form
6-K in paper as permitted by Regulation S-T Rule 101(b)(1):__
Indicate by check mark if the registrant is submitting the Form
6-K in paper as permitted by Regulation S-T Rule 101(b)(7):__
Indicate by check mark whether by furnishing the information
contained in this Form, the registrant is also thereby furnishing the
information to the Commission pursuant to Rule 12g3-2(b) under the Securities
Exchange Act of 1934.
Yes __ No X
If "Yes" is marked, indicate below the file number assigned to
the registrant in connection with Rule 12g3-2(b): 82-___________
This Form 6-K is being incorporated by reference into the Company's Form
F-3 Registration Statements File Nos. 333-11972, 333-12450 and 333-14140.
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ATTUNITY LTD
6-K Items
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1. Press Release re Attunity Reports 2004 First Quarter Results dated May
10, 2004.
2. Press Release re Shimon Alon is Nominated as Attunity's Chairman dated
May 10, 2004.
3. Press Release re Attunity Closes Convertible Debenture Transaction and
Strengthens its Board of Directors dated May 10, 2004.
Item 1
Press Release Source: Attunity Ltd.
Attunity Reports 2004 First Quarter Results
Monday May 10, 8:29 am ET
WAKEFIELD, Mass., May 10 /PRNewswire-FirstCall/ -- Attunity Ltd. (Nasdaq: ATTU -
News), a leading provider of standards-based data integration solutions, today
reported its financial results for the first quarter ended March 31, 2004.
Revenues for the first quarter 2004 were $4,173,000, compared to $4,202,000 in
the first quarter of 2003. Gross profit for the first quarter 2004 was
$2,307,000, compared with $2,473,000 first quarter of 2003. Net loss for the
quarter, was ($257,000) or ($0.02) per share compared with a net profit for the
first quarter of 2003, of $155,000 or $0.01 per share.
"We are encouraged by the increase in license revenues for the second
consecutive quarter. Attunity's new products for enabling real-time integration
for data warehousing and business intelligence are generating tremendous
interest," said Arie Gonen, CEO of Attunity. "Attunity is the only vendor that
today provides comprehensive data access, federation and real-time change data
capture necessary to meet the growing demands of the rapidly emerging EII
(Enterprise Information Integration) market. Throughout 2004, we will continue
to expand our product offering and channel partnership to further strengthen our
market position."
Highlights from Q1 2004
Attunity Change Data Capture product
The Company recently introduced Attunity Change Data Capture to provide
real-time change capture and movement for mainframe and enterprise databases.
Using Attunity CDC, enterprises now have a flexible and robust solution for
accessing and delivering corporate data at any time interval and to any user or
application.
Attunity First Quarter New Product Introductions
The Company recently introduced Attunity Change Data Capture to provide
'right-time' access and movement for mainframe and legacy data. Using Attunity
CDC, enterprises now have a flexible and robust solution for accessing and
delivering corporate data at any time interval and to any user or application.
Attunity Connect for Microsoft BizTalk Server 2004
Attunity Connect was the first product to receive certification and be endorsed
by Microsoft with the introduction of Microsoft BizTalk Server 2004. The
Attunity Connect Adapter Suite for Microsoft BizTalk Server 2004 extends the
reach of BizTalk Server 2004 to mainframe, host and legacy data sources.
Customer Wins
During the first quarter, Attunity closed new and follow-on business with
customers such as Sprint, JM Family, Federal Home Loan Bank, Barits Securities,
British Car Auctions and Standard Life.
Conference Call Information
The company has scheduled a conference call and simultaneous web-cast today, May
10, at 11:00 am EDT. To participate in the call U.S. callers can dial
877-519-4471 and international callers can dial 973-935-2408 five to ten minutes
prior to the scheduled start time. The call will be available for replay through
May 20, 2004 by dialing 877-519-4471 and entering the PIN # 4755256. To access
the live web-cast simply go to the link below about 10 to15 minutes before the
call is scheduled to begin
http://orion.calleci.com/servlet/estreamgetevent?id=3714&folder=default
About Attunity Ltd.
Attunity is a leading provider of standards-based integration middleware for
accessing mainframe, enterprise data sources and legacy applications. Founded in
1987 and traded on the NASDAQ exchange, Attunity's worldwide operations support
over 1,000 direct end-users including many of the Fortune 1000. Through
distribution and OEM agreements with global-class partners such as Oracle and
HP, Attunity-based solutions are deployed on tens of thousands of systems
worldwide. Attunity's products are available through direct sales and support
offices in the United States, the United Kingdom, France, Israel, the People's
Republic of China, and Australia, as well as distributors in Japan, S.E. Asia,
Europe and Latin America. For more information, visit www.attunity.com or
emailinfo@attunity.com.
This press release contains forward-looking statements that are subject to risks
and uncertainties. Factors that could cause actual results to differ materially
from these forward-looking statements include, but are not limited to, general
business conditions in the industry, product technology developments, market
acceptance of our products and continuing product demand, the impact of
competitive products and pricing, changing economic conditions, release and
sales of new products by strategic resellers and customers, changes in demand
for products, the timing and amount or cancellation of orders and other risks
detailed from time to time in our filings with the Securities Exchange
Commission, including our Form 20-F Annual Report. These documents contain and
identify other important factors that could cause actual results to differ
materially from those contained in our projections or forward-looking
statements. Stockholders and other readers are cautioned not to place undue
reliance on these forward-looking statements, which speak only as of the date on
which they are made. We undertake no obligation to update publicly or revise any
forward-looking statement.
Attunity Connect is a trademark of Attunity.
UNAUDITED CONSOLIDATED BALANCE SHEETS
(In thousands)
March 31, December 31,
2004 2003
ASSETS
CURRENT ASSETS
Cash and Cash Equivalents $3,619 $2,073
Restricted cash 68 902
Short-term deposit 223 120
Marketable securities 87 200
Trade Receivables, net 2,975 2,845
Other Receivables 1,102 1,006
Total Current Assets 8,074 7,146
SEVERANCE PAY FUND 1,551 1,592
PROPERTY, PLANT AND EQUIPMENT, NET 997 926
OTHER ASSETS, NET 10,482 10,548
$21,104 $20,212
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES
Short Term Bank Debt $227 $206
Current maturities of long term loans 54 102
Trade Payables 886 583
Deferred revenues 3,461 2,090
Employee and payroll accruals 1,226 1,239
Accrued expenses and other liabilities 2,620 3,479
Total Current Liabilities 8,474 7,699
LONG TERM LIABILITIES
Long term debt 139 99
Accrued Severance Pay 1,935 1,941
Total Long Term Liabilities 2,074 2,040
SHAREHOLDERS' EQUITY
Share Capital 530 525
Additional Paid in Capital 86,878 86,504
Accumulated other comprehensive loss (298) (259)
Accumulated Deficit (76,554) (76,297)
Total Shareholder's Equity 10,556 10,473
$21,104 $20,212
UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands except per share amounts)
Three months ended March 31,
2004 2003
Revenues
Products $1,616 $1,506
Maintenance 1,412 1,531
Services 1,145 1,165
4,173 4,202
Cost of revenues
Products 533 464
Maintenance 227 188
Services 1,106 1,076
1,866 1,729
Gross profit 2,307 2,473
Operating expenses
Research and development, Net 323 331
Selling & Marketing 1,611 1,400
General & Administrative 604 606
2,538 2,337
Operating Profit (loss) (231) 136
Financial income (loss), Net (9) 49
Profit (loss) before Income taxes (240) 185
Taxes on income (17) (30)
Net profit (loss) $(257) $155
Profit (loss) per share $(0.02) $0.01
Number of shares used 15,007 14,767
Item 2
Press Release Source: Attunity Ltd.
Shimon Alon is Nominated as Attunity's Chairman
Monday May 10, 9:12 am ET
Focus on Growth and Profitability
WAKEFIELD, Mass., May 10 /PRNewswire-FirstCall/ -- Attunity Ltd.
(Nasdaq: ATTU - News), a leading provider of standards-based data integration
solutions, announced today that the Board of Directors has unanimously
nominated Shimon Alon as Chairman of the Board. Mr. Alon replaces Arie Gonen as
Chairman, and Mr. Gonen will continue to serve as the company's CEO.
Shimon Alon brings a tremendous record of success in growing global companies,
mergers and acquisitions and increasing shareholder value. Shimon Alon was the
Chief Executive Officer of Precise Software Solutions, a leading provider of
application performance management. Following the acquisition of Precise by
VERITAS Software Corporation in June 2003, Mr. Alon served as an executive
advisor to VERITAS. Prior to Precise Software, Mr. Alon held a number of
positions at Scitex and its subsidiaries including President and Chief Executive
Officer of Scitex America and Managing Director of Scitex Europe. Mr. Alon holds
a degree from the Executive Management Program at the Harvard Business School.
Shimon Alon said, "I welcome the opportunity to serve as the company's Chairman
and look forward to working closely with the management team and the board of
directors to focus the company on achieving a dominant market position, revenue
growth and sustained profitability."
About Attunity Ltd.
Attunity is a leading provider of standards-based integration middleware for
accessing mainframe, enterprise data sources and legacy applications. Founded in
1987 and traded on the NASDAQ exchange, Attunity's worldwide operations support
over 1,000 direct end-users including many of the Fortune 1000. Through
distribution and OEM agreements with global-class partners such as Oracle and
HP, Attunity-based solutions are deployed on tens of thousands of systems
worldwide. Attunity's products are available through direct sales and support
offices in the United States, the United Kingdom, France, Israel, the People's
Republic of China, and Australia, as well as distributors in Japan, S.E. Asia,
Europe and Latin America. For more information, visit www.attunity.com or email
info@attunity.com.
This press release contains forward-looking statements that are subject to risks
and uncertainties. Factors that could cause actual results to differ materially
from these forward-looking statements include, but are not limited to, general
business conditions in the industry, product technology developments, market
acceptance of our products and continuing product demand, the impact of
competitive products and pricing, changing economic conditions, release and
sales of new products by strategic resellers and customers, changes in demand
for products, the timing and amount or cancellation of orders and other risks
detailed from time to time in our filings with the Securities Exchange
Commission, including our Form 20-FAnnual Report. These documents contain and
identify other important factors that could cause actual results to differ
materially from those contained in our projections or forward-looking
statements. Stockholders and other readers are cautioned not to place undue
reliance on these forward-looking statements, which speak only as of the date on
which they are made. We undertake no obligation to update publicly or revise any
forward-looking statement.
Item 3
Press Release Source: Attunity Ltd.
Attunity Closes Convertible Debenture Transaction and Strengthens its Board of
Directors
Monday May 10, 9:27 am ET
Shimon Alon, Aki Ratner and Ron Zuckerman Join Attunity's Board of Directors
WAKEFIELD, Mass., May 10 /PRNewswire-FirstCall/ -- Attunity Ltd. (Nasdaq: ATTU -
News), a leading provider of standards-based data integration solutions,
announced today that it has closed the transaction for the purchase of $2
million five-year convertible debentures and warrants to purchase 480,000 shares
of the Company's common stock by an investment group headed by Shimon Alon, Aki
Ratner, Ron Zuckerman, and GF Capital. In addition, Attunity also announced that
Shimon Alon, Aki Ratner and Ron Zuckerman have joined Attunity's Board of
Directors. Messrs. Alon and Zuckerman will begin their tenure immediately and
Mr. Ratner will begin serving in July 2004.
Shimon Alon was the Chief Executive Officer of Precise Software Solutions, a
leading provider of application performance management. Following the
acquisition of Precise by VERITAS Software Corp., in June 2003 Mr. Alon served
as an executive advisor to VERITAS. Prior to Precise Software, Mr. Alon held a
number of positions at Scitex and its subsidiaries including President and Chief
Executive Officer of Scitex America and Managing Director of Scitex Europe. Mr.
Alon holds a degree from the Executive Management Program at the Harvard
Business School.
Aki Ratner was the President of Precise Software Solutions where his
responsibilities included overseeing worldwide sales and marketing, product
support and research and development programs for the Company. Mr. Ratner served
in the Israeli Air Force from 1981 to 1996 where he combined operational
responsibilities between flying and numerous software development management
positions.
Ron Zuckerman was a founder and CEO of Sapiens International Corporation and
currently serves as its non-executive Chairman. In addition, Mr. Zuckerman was a
founder and the Chairman of Precise Software Solutions prior to its sale to
VERITAS in 2003.
"The combined leadership and experience that Shimon Alon, Ron Zuckerman and Aki
Ratner bring to Attunity will significantly strengthen our Board. Shimon, Ron
and Aki will be involved in setting the company's future direction and business
plan. Attunity will continue focusing on broadening our channel partners,
strengthening our sales organization and expanding our product offerings to
address the growing demand for data integration solutions," said Arie Gonen, CEO
of Attunity.
About Attunity Ltd.
Attunity is a leading provider of standards-based integration middleware for
accessing mainframe, enterprise data sources and legacy applications. Founded in
1987 and traded on the NASDAQ exchange, Attunity's worldwide operations support
over 1,000 direct end-users including many of the Fortune 1000. Through
distribution and OEM agreements with global-class partners such as Oracle and
HP, Attunity-based solutions are deployed on tens of thousands of systems
worldwide. Attunity's products are available through direct sales and support
offices in the United States, the United Kingdom, France, Israel, the People's
Republic of China, and Australia, as well as distributors in Japan, S.E. Asia,
Europe and Latin America. For more information, visit www.attunity.com or email
info@attunity.com.
This press release contains forward-looking statements that are subject to risks
and uncertainties. Factors that could cause actual results to differ materially
from these forward-looking statements include, but are not limited to, general
business conditions in the industry, product technology developments, market
acceptance of our products and continuing product demand, the impact of
competitive products and pricing, changing economic conditions, release and
sales of new products by strategic resellers and customers, changes in demand
for products, the timing and amount or cancellation of orders and other risks
detailed from time to time in our filings with the Securities Exchange
Commission, including our Form 20-FAnnual Report. These documents contain and
identify other important factors that could cause actual results to differ
materially from those contained in our projections or forward-looking
statements. Stockholders and other readers are cautioned not to place undue
reliance on these forward-looking statements, which speak only as of the date on
which they are made. We undertake no obligation to update publicly or revise any
forward-looking statement.
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.
ATTUNITY LTD
(Registrant)
By: /s/Arie Gonen
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Arie Gonen
Chief Executive Officer
Date: May 11, 2004