SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
----------------------
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 July 2005
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 Registrant's Form F-3
Registration Statements File Nos. 333-11972 and 333-14140 and Form S-8
Registration Statements File Nos. 333-84180, 333-932, 333-11648, 333-122271 and
333-122302.
ATTUNITY LTD
6-K Items
1. Press release Attunity's Information Integration Software Platform and
Motorola Premier CAD Solution Help Miami Dade County maintain an
up-to-date emergency response system dated July 12, 2005.
2. Press release re Attunity Reports Second Quarter 2005 Results;
Operating Results Continue To Improve Sequentially dated July 27,
2005.
ITEM 1
Press Release Source: Attunity Ltd.
Attunity's Information Integration Software Platform and Motorola Premier CAD
Solution Help Miami Dade County maintain an up-to-date emergency response system
Tuesday July 12, 8:17 am ET
BURLINGTON, Mass.--(BUSINESS WIRE)--July 12, 2005--Attunity Ltd. (NASDAQ: ATTU -
News) and Motorola (NYSE: MOT - News) jointly announce enhanced abilities at
Miami Dade County public safety call centers. Motorola, provider of Miami Dade's
Premier CAD solution, along with Attunity, provider of the Attunity Connect
solution, have jointly delivered expanded on-demand access, integration,
delivery and usage of enterprise information to manage the Premier CAD incident
and dispatch resource system.
The solution encompasses a vast array of modules within Motorola's Premier CAD
solution. The combination of products help ensure public safety employees have
accurate, detailed data including incident management, resource management,
system status management plans, profiling, and location information including
hazard data, mapping, and Automatic Vehicle Location (AVL). Attunity's
Integration Suite (AIS) and its CONNECT solution for the Enscribe pathway
product described below are used to manage the import/export of some Premier CAD
configuration tables.
The Attunity CONNECT solution extracts GIS information from an Oracle RDBMS that
contains data about the county's emergency grid locations and feeds it to an HP
NonStop system. It updates the Enscribe database that manages assignment of
incidents. This in turn updates the county's mobile data units. Attunity reduced
the time to update and process this data from days to one hour and 20 minutes.
Connect can access the necessary data sources in real-time to support the
application's incident management functions. Attunity Connect is also a
beneficial component for business intelligence functions and provides
transactional updates from the CAD application back to the data source.
According to Jose Alvarez, Miami Dade IT Director: "Without Attunity maintaining
the system, files would take much more time to update. Attunity's CONNECT
solution is that vital to our operations. We have considered other, off the
shelf technologies, but none have met our requirements."
"It is very gratifying to know that our technology and solutions make a
difference and help to save lives," said Daniel Sapir, Attunity's VP of
worldwide marketing. "The need for bi-directional access and updating of mission
critical systems based on HP's NonStop platform is one of our core competencies.
Working with Motorola, we are addressing the emergency management market with
robust data integration solutions."
Motorola's Public Safety Division, developer of the Premier Computer-Aided
Dispatch ("Premier CAD") application, is a reseller of Attunity's Information
Integration Platform that includes a suite of pre-built adapters to mainframe
and enterprise data sources.
By selecting Attunity's software platform, Miami Dade County joins a growing
list of many large companies around the world that integrate multiple data
sources with the Attunity Integration platform. Today, many organizations like
Miami Dade are creating a sustainable competitive advantage by accessing and
streamlining data through the organization. In addition to Public Safety uses,
financial transactions, operational throughput and marketing sales campaign
response are all available in near real-time with the Attunity software
platform, giving managers better decision-making information.
About Attunity Ltd.
Attunity is a leading provider of enterprise information integration software.
Using Attunity's products, companies can seamlessly connect to data sources,
stream data changes across the enterprise, and federate heterogeneous
information to achieve a single view of their business. Employing a unique
distributed architecture, Attunity software runs natively on enterprise data
servers, turning locked data silos into an efficient Information Grid. The
result is significantly enhanced performance and reduced cost of ownership.
More than 1,000 customers are using Attunity software worldwide for data
integration initiatives such as service-oriented integration to the mainframe as
part of EAI projects, legacy data access for business intelligence and
reporting, real-time and efficient ETL based on change data capture, and single
customer views from disparate information sources. Also, Attunity is a trusted
partner for industry leaders like Oracle and HP, who embed Attunity software
into their products and solution offerings.
About Motorola
Motorola is a Fortune 100 global communications leader that provides seamless
mobility products and solutions across broadband, embedded systems and wireless
networks. In your home, auto, workplace and all spaces in between, seamless
mobility means you can reach the people, things and information you need,
anywhere, anytime. Seamless mobility harnesses the power of technology
convergence and enables smarter, faster, cost-effective and flexible
communication. Motorola had sales of US $31.3 billion in 2004. For more
information: http://www.motorola.com/.
(C) Attunity 2005. All Rights Reserved Attunity is a registered trademark of
Attunity Ltd.
------------------
Contact:
Attunity
Daniel Sapir, 781-213-5204
Daniel.sapir@attunity.com
or
Motorola
Debbie Esposito, 203-325-3381
ITEM 2
Press Release Source: Attunity
CORRECTING and REPLACING Attunity Reports Second Quarter 2005 Results
Wednesday July 27, 9:54 am ET
Operating Results Continue to Improve Sequentially
BURLINGTON, Mass.--(BUSINESS WIRE)--July 27, 2005--In BW5471 issued July 27,
2005: Please replace the graf headlined Attunity Conference Call due to multiple
revisions with the following corrected version.
The corrected release reads:
ATTUNITY REPORTS SECOND QUARTER 2005 RESULTS; OPERATING RESULTS CONTINUE TO
IMPROVE SEQUENTIALLY
Attunity, Ltd. (NASDAQ: ATTU - News), a leading provider of enterprise
information integration software, today reported its financial results for the
second quarter ended June 30, 2005.
Total revenues for the second quarter of 2005 were $3,971,000, representing an
increase of 3% over total revenues of $3,859,000 in the first quarter of 2005
and a decrease of 4% from $4,123,000 in the second quarter of 2004. Net loss
from continued operations for the second quarter of 2005 was $555,000 or ($0.03)
per share compared with a net loss from continued operations for the first
quarter of 2005 of $735,000 or ($0.05) per share and net income from continued
operations of $169,000 or $0.01 per share in the second quarter of 2004. As
reported previously, in the second quarter of 2004, license revenues included
one contract, which amounted to $995,000.
Total revenues in the first six months of 2005 increased 7% to $7,830,000 from
$7,294,000 for the same period in the prior year. Net loss from continued
operations in the first six months of 2005 was $1,292,000 or ($0.08) per share,
compared with net loss from continued operations of $71,000 or $0.00 per share
in the first six months of 2004.
"I am pleased that we continue to execute our plan of growing revenues and
improving operating margins while we develop our new innovative solution which
will transform the way managers and decision makers use information" said Aki
Ratner, CEO of Attunity.
Highlights of the Quarter
o Operating margins continue to improve sequentially; 19% decrease in
operating loss from $483,000 in the first quarter of 2005 to $392,000.
o License sales from our direct sales force continue to grow.
o Continuously improving relationships with our strategic OEM partners.
o Developments are on plan to introduce new innovative solution to the
market by end of 2005.
o Major customer wins across industry segments, as represented by:
Sungard, Johnson & Johnson, Nortel, Australian National Police, China
Stock Exchange, Government of Singapore and Cellcom.
Mr. Ratner continued, "I am very encouraged by the feedback we are receiving
from our development partners on our new solution as we continue on track to
have trial installations in the third quarter and a general release at the end
of this year. As our integration platform is being implemented for more mission
critical operations, we see increased interest from major software vendors to
boost the use of our products to complement their offerings "
Attunity Conference Call
The company has scheduled a conference call and simultaneous Web-cast at 10am
Eastern Time on July 27. To participate in the call, U.S. callers can dial
800-259-0251 and international callers can dial +1-617-614-3671 and entering the
pass code 84369987 five minutes prior to the start time. The call will be
available for replay through the end of August, 2005 by dialing 888-286-8010 (in
the US) or +1-617-801-6888 (international) and entering the pass code 94961528.
This call will also be broadcast live on the Internet. To register and view the
Webcast, go to http://www.attunity.com/investors. An online replay will be
available approximately two hours after the call.
About Attunity:
Attunity is a leading provider of enterprise data integration software. Using
Attunity's products, companies can seamlessly connect to data sources, stream
data changes across the enterprise, and federate heterogeneous information to
achieve a single view of their business. Employing a unique distributed
architecture, Attunity software runs natively on enterprise data servers,
turning locked data silos into an efficient Information Grid. The result is
significantly enhanced performance and reduced cost of ownership.
Attunity software solutions are used world-wide for Data Warehousing,
Operational Data Stores, and a variety of Information Integration initiatives,
including service-oriented integration to the mainframe as part of EAI projects,
legacy data access for business intelligence and reporting, real-time and
efficient ETL based on change data capture, and single customer views from
disparate information sources. Also, Attunity is a trusted partner for industry
leaders like IBM, Oracle and HP who embed Attunity software into their products
and solution offerings.
Safe Harbor Statement
Certain statements in this press release are forward-looking statements. Because
such statements deal with future events, they are subject to various risks and
uncertainties and actual results could differ materially from Attunity current
expectations. Factors that could cause or contribute to such differences
include, but are not limited to: the impact on revenues of economic and
political uncertainties and weaknesses in various regions of the world,
including the commencement or escalation of hostilities or acts of terrorism;
any unforeseen developmental or technological difficulties with regard to
Attunity's products; changes in the competitive landscape, including new
competitors or the impact of competitive pricing and products; a shift in demand
for products such as Attunity's; unknown factors affecting third parties with
which Attunity has formed business alliances; timely availability and customer
acceptance of Attunity's new and existing products, uncertainty as to the timing
of obtaining effectiveness of the registration statements Attunity has filed
with the Securities and Exchange Commission and other factors and risks
discussed in Attunity's Annual Report on Form 20-F, which is on file with the
Securities and Exchange Commission. Attunity assumes no obligation to update
information concerning its expectations.
CONSOLIDATED BALANCE SHEETS
---------------------------
U.S. dollars in thousands
June 30, December 31,
2005 2004
------------- -------------
Unaudited
-------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ 4,768 $ 1,717
Restricted cash 63 73
Trade receivables, net 2,083 2,160
Other current assets 1,034 1,250
Assets of discontinued operation 428 521
--------- ---------
Total current assets 8,376 5,721
----- --------- ---------
LONG-TERM PREPAID EXPENSES 85 64
--------- ---------
SEVERANCE PAY FUND 677 698
--------- ---------
PROPERTY AND EQUIPMENT, NET 680 834
--------- ---------
OTHER ASSETS, NET 10,680 10,826
--------- ---------
Total assets $ 20,498 $ 18,143
----- ========= =========
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Current maturities of long-term debt $ 56 $ 70
Trade payables 396 611
Deferred revenues 3,844 2,298
Employees and payroll accruals 1,086 1,156
Accrued expenses and other liabilities 1,877 2,097
Liabilities of discontinued operation 264 892
-------- --------
Total current liabilities 7,523 7,124
----- -------- --------
LONG-TERM LIABILITIES:
Long-term debts 487 339
Accrued severance pay 995 1,008
-------- --------
Total long-term liabilities 1,482 1,347
----- -------- --------
SHAREHOLDERS' EQUITY:
Share capital 580 539
Additional paid-in capital 93,075 89,618
Accumulated other comprehensive loss (155) (148)
Accumulated deficit (82,007) (80,337)
-------- --------
Total shareholders' equity 11,493 9,672
----- -------- --------
Total liabilities and shareholders' equity $ 20,498 $ 18,143
----- ======== ========
UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS
-----------------------------------------------
U.S. dollars in thousands, except share and per share data
Six months ended Three months ended
June 30, June 30,
------------------- -------------------
2005 2004 2005 2004
---------- ------- ---------- -------
Revenues:
Software licenses $ 4,368 $ 4,190 $ 2,110 $ 2,574
Services 3,462 3,104 1,861 1,549
------- ------- ------- -------
7,830 7,294 3,971 4,123
------- ------- ------- -------
Cost of revenues:
Software licenses 781 1,120 390 587
Services 962 791 478 385
------- ------- ------- -------
1,743 1,911 868 972
------- ------- ------- -------
Gross profit 6,087 5,383 3,103 3,151
------- ------- ------- -------
Operating expenses:
Research and development,
net 1,184 676 615 353
Selling and marketing 4,569 3,358 2,248 1,828
General and administrative 1,131 1,239 552 646
Liquidation damages related
to January private
placement 80 - 80 -
------- ------- ------- -------
Total operating expenses 6,964 5,273 3,495 2,827
------------------------ ------- ------- ------- -------
Operating profit (loss) (877) 110 (392) 324
Financial expenses, net (380) (126) (154) (117)
Other income (expenses) (10) - 3 -
------- ------- ------- -------
Profit (loss) before income
taxes (1,267) (16) (543) 207
Taxes on income (25) (55) (12) (38)
------- ------- ------- -------
Profit (loss) from continued
operations (1,292) (71) (555) 169
Discontinued operations:
Loss on disposal of segment,
net of income taxes (378) (183) (27) (166)
------- ------- ------- -------
Net profit (loss) $(1,670) $ (254) $ (582) $ 3
======= ======= ======= =======
Basic and diluted net profit
(loss) per share from
continued operations $ (0.08) $ (0.00) $ (0.03) $ 0.01
======= ======= ======= =======
Basic and diluted net loss per
share from discontinued
operations, net of income
taxes $ (0.02) $ (0.01) $ (0.00) $ (0.01)
======= ======= ======= =======
Basic and diluted net loss per
share $ (0.10) $ (0.02) $ (0.03) $ (0.00)
======= ======= ======= =======
Weighted average number of
shares used in computing
basic and diluted net loss
per share 16,678 15,002 17,087 15,165
======= ======= ======= =======
------------------
Contact:
Attunity
Daniel Sapir, 781/213-5204
daniel.sapir@attunity.com
or Ofer Segev, 781-213-5203
ofer.segev@attunity.com
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/Ofer Segev
-------------
Ofer Segev
Chief Financial Officer
Date: July 28, 2005