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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Amendment No. 2)
Under the Securities Exchange Act of 1934
Wiztec Solutions Ltd.
(Name of Issuer)
Ordinary Shares
New Israeli Shekel 1 Par Value
(Title of Class of Securities)
M98105-105
(CUSIP Number)
William D. Baskett III
General Counsel and Secretary
Convergys Corporation
201 East Fourth Street
Cincinnati, Ohio 45202
513-723-2444
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
April 1, 1999
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g) check
the following box [ ].
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SCHEDULE 13D
CUSIP No. M98105-105
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1. Names of Reporting Persons I.R.S. Identification Nos. of Above Persons
(Entities Only)
Convergys Corporation
I.R.S. ID No. 31-1598292
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2. Check the Appropriate Box if a Member of a Group
(a) [X]
(b) [ ]
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3. SEC Use Only
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4. Source of Funds
BK
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5. Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) [ ]
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6. Citizenship or Place of Organization
Ohio
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7. Sole Voting Power
4,750,200
Number of Shares
Beneficially Owned 8. Shared Voting Power
by Each 0
Reporting
Person with 9. Sole Dispositive Power
4,750,200
10. Shared Dispositive Power
0
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11. Aggregate Amount Beneficially Owned By Each Reporting Person
4,750,200
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12. Check Box if the Aggregate Amount in Row (11) Excludes Certain
Shares [ ]
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13. Percent of Class Represented by Amount in Row (11)
70.0%
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14. Type of Reporting Person
HC
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SCHEDULE 13D
CUSIP No. M98105-105
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1. Names of Reporting Persons I.R.S. Identification Nos. of Above Persons
(Entities Only)
Convergys Information Management Group Inc.
I.R.S. ID. No. 31-1069790
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2. Check the Appropriate Box if a Member of a Group
(a) [X]
(b) [ ]
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3. SEC Use Only
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4. Source of Funds
Not applicable, because not purchasing shares
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5. Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) [ ]
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6. Citizenship or Place of Organization
Ohio
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7. Sole Voting Power
4,750,200
Number of Shares
Beneficially Owned 8. Shared Voting Power
by Each 0
Reporting
Person with 9. Sole Dispositive Power
4,750,200
10. Shared Dispositive Power
0
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11. Aggregate Amount Beneficially Owned By Each Reporting Person
4,750,200
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12. Check Box if the Aggregate Amount in Row (11) Excludes Certain
Shares [ ]
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13. Percent of Class Represented by Amount in Row (11)
70.0%
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14. Type of Reporting Person
CO
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SCHEDULE 13D
CUSIP No. M98105-105
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1. Names of Reporting Persons I.R.S. Identification Nos. of Above Persons
(Entities Only)
Convergys Israel Investments Ltd.
I.R.S. ID. No. Not applicable
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2. Check the Appropriate Box if a Member of a Group
(a) [X]
(b) [ ]
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3. SEC Use Only
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4. Source of Funds
AF
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5. Check if Disclosure of Legal Proceedings is Required Pursuant to Items
2(d) or 2(e) [ ]
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6. Citizenship or Place of Organization
State of Israel
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7. Sole Voting Power
0
Number of Shares
Beneficially Owned 8. Shared Voting Power
by Each 0
Reporting
Person with 9. Sole Dispositive Power
0
10. Shared Dispositive Power
0
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11. Aggregate Amount Beneficially Owned By Each Reporting Person
0
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12. Check Box if the Aggregate Amount in Row (11) Excludes Certain
Shares [ ]
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13. Percent of Class Represented by Amount in Row (11)
0.0%
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14. Type of Reporting Person
CO
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This Amendment No. 2 to Schedule 13D is filed by Convergys Corporation
("Parent") and Convergys Information Management Group Inc. ("Convergys IMG") to
amend and update the Schedule 13D dated February 26, 1999 and amended on March
10, 1999 and by Convergys Israel Investments Ltd. ("Sub") in connection with the
offer by Sub, a wholly owned subsidiary of Parent, to purchase all of the
outstanding Ordinary Shares, each with New Israeli Shekel ("NIS") 1 Par Value
(individually a "Share" and collectively, the "Shares"), of Wiztec Solutions
Ltd. (the "Company") at $18.30 per Share, net to the seller in cash, without
interest upon the terms and conditions set forth in the Offer to Purchase dated
April 1, 1999 (the "Offer to Purchase"), a copy of which is filed herewith as
Exhibit 3, and in the related Letter of Transmittal, a copy of which is filed
herewith as Exhibit 4 (which, as amended or supplemented from time to time,
together constitute the "Offer").
Except as specifically provided herein, this Amendment No. 2 does not
modify any of the information set forth in the Schedule 13D dated February 26,
1999.
Item 1. Security and Issuer
This Statement on Schedule 13D relates to Ordinary Shares, each with
NIS 1 Par Value, of Wiztec, a company limited by shares duly registered under
the laws of the State of Israel, with its principal executive offices at 8
Maskit Street, Herzlia, 46776 ISRAEL.
Item 2. Identity and Background
This Statement is being filed by Parent, an Ohio corporation, Sub, a
company limited by shares duly registered under the laws of the State of Israel
and a wholly owned subsidiary of Parent, and Convergys IMG, an Ohio corporation
and wholly owned subsidiary of Parent. Parent is a provider of outsourced
billing and customer management services. Sub was incorporated for the purpose
of effectuating the Offer. Convergys IMG provides customized billing solutions
using proprietary software development expertise and high volume processing
capabilities. The principal offices of Parent are located at 201 East Fourth
Street, Cincinnati, Ohio 45202. The principal offices of Convergys IMG are
located at 1400 Commerce Center, 600 Vine Street, Cincinnati, Ohio 45202. The
principal offices of Sub are located at 29B Keren Hayesod Street, Jerusalem
94188, Israel.
The information set forth in Schedule I to the Offer to Purchase is
incorporated herein by reference.
During the last five years, neither Parent, Convergys IMG, Sub nor any
of the persons referred to in Schedule I to the Offer to Purchase (i) have been
convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors) or (ii) was a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction as a result of which any such
person was or is subject to a judgment, decree or final order enjoining future
violations of, or prohibiting activities subject to, federal or state securities
laws or finding any violation of such laws.
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Item 3. Source and Amount of Funds or Other Consideration.
The information set forth in "The Tender Offer - Section 10. Sources
and Amount of Funds" of the Offer to Purchase is incorporated herein by
reference.
Item 4. Purpose of Transaction
The information set forth in the "Introduction," "Special Factors -
Background of the Offer," "Special Factors - Reasons of Parent and Sub for the
Offer" and "Special Factors - Plans for the Company After the Offer; Certain
Effects of the Offer" of the Offer to Purchase is incorporated herein by
reference.
Item 5. Interest in Securities of the Issuer.
(a) Parent and Convergys IMG beneficially own a total of 4,750,200 Ordinary
Shares of Wiztec, which represents 70.0% of the Ordinary Shares of the Company
outstanding as of March 2, 1999.
(b) Convergys IMG directly has and Parent indirectly has sole power to vote and
direct the disposition of 4,750,200 Ordinary Shares.
(c) Not applicable.
(d) Not applicable.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with
Respect to Securities of the Issuer.
Not applicable.
Item 7. Material to be Filed as Exhibits.
(1) Filing Agreement, dated March 31, 1999.
(2) *364-Day Credit Agreement dated as of December 16, 1998 among Convergys
Corporation, the Lenders Party Hereto, PNC Bank, National Association,
Nationsbank, N.A. and Citibank, N.A., as Co-Syndication Agents, and The
Chase Manhattan Bank, as Administrative Agent.
(3) *Offer to Purchase, dated April 1, 1999.
(4) *Letter of Transmittal
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*incorporated herein by reference to Exhibit (1)(a) to the Schedule 14D-1 filed
by Parent, Sub and Convergys IMG with the Securities and Exchange Commission on
April 1, 1999.
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SIGNATURES
After reasonable inquiry and to the best of their knowledge and belief,
the undersigned certify that the information set forth in this Statement is
true, complete and correct. In executing this Statement, the undersigned agree,
to the extent required by Rule 13d-1(f), that this Statement is being filed on
behalf of each of the reporting persons herein.
Dated: April 1, 1999
Convergys Corporation
By: /s/ William D. Baskett III
----------------------------------------
Name: William D. Baskett III
Title: General Counsel and Secretary
Convergys Information Management Group Inc.
By: /s/ Roy T. Heggland
----------------------------------------
Name: Roy T. Heggland
Title: Senior Vice President and General Counsel
Convergys Israel Investments Ltd.
By: /s/ William D. Baskett III
----------------------------------------
Name: William D. Baskett III
Title: Vice President
EXHIBIT INDEX
No. Description
(1) Filing Agreement, dated March 31, 1999.
(2) *364-Day Credit Agreement dated as of December 16, 1998 among Convergys
Corporation, the Lenders Party Hereto, PNC Bank, National Association,
Nationsbank, N.A. and Citibank, N.A., as Co-Syndication Agents, and The
Chase Manhattan Bank, as Administrative Agent.
(3) *Offer to Purchase, dated April 1, 1999.
(4) *Letter of Transmittal
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*incorporated herein by reference to Exhibit (1)(a) to the Schedule 14D-1 filed
by Parent, Sub and Convergys IMG with the Securities and Exchange Commission on
April 1, 1999.
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EXHIBIT 1
Filing Agreement dated March 31, 1999
Re: Joint Filing of Schedule 13D and all amendments
The undersigned hereby agree that:
(i) each of them is individually eligible to use the Schedule 13D
attached hereto;
(ii) the attached Schedule 13D, including any and all amendments
thereto, is filed on behalf of each of them; and
(iii) each of them is responsible for the timely filing of such
Schedule 13D and any amendments thereto, and for the completeness and accuracy
of the information therein concerning itself; but none of them is responsible
for the completeness and accuracy of the information concerning the other
persons making the filing, unless it knows or has reason to believe that such
information is inaccurate.
Convergys Corporation
By: /s/ William D. Baskett III
------------------------------------------
Name: William D. Baskett III
Title: General Counsel and Secretary
Convergys Information Management Group Inc.
By: /s/ Roy T. Heggland
------------------------------------------
Name: Roy T. Heggland
Title: Senior Vice President and General Counsel
Convergys Israel Investments Ltd.
By: /s/ William D. Baskett III
------------------------------------------
Name: William D. Baskett III
Title: Vice President
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