-------------------------------------------------------------------------------- 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 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. -------------------------------------------------------------------------------- ATTUNITY LTD 6-K Items --------- 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 ------------- Arie Gonen Chief Executive Officer Date: May 11, 2004