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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13G
INFORMATION STATEMENT PURSUANT TO RULES 13D-1 AND 13D-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
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(AMENDMENT NO. 1 )*
ACCENT SOFTWARE INTERNATIONAL LTD.
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(NAME OF ISSUER)
ORDINARY SHARES,
PAR VALUE NIS .01 PER SHARE M01575105
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(TITLE OF CLASS OF SECURITIES) (CUSIP NUMBER)
Check the following box if a fee is being paid with this statement [x].
(A fee is not required only if the filing person: (1) has a previous statement
on file reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 or otherwise subject to the liabilities of that section of the Act but
shall be subject to all other provisions of the Act (however, see the Notes).
Continued on following pages
Page of 12 Pages
Exhibit Index Appears on Page 10
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CUSIP No. M01575105 13G Page 2 of 12
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1 NAME OF REPORTING PERSONS: IMR INVESTMENTS V.O.F.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE 41-1808960
PERSONS:
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:*
(A) [ ]
(B) [X]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF BELGIUM
ORGANIZATION:
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NUMBER OF 5 SOLE VOTING POWER: 2,470,955
SHARES
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BENEFICIALLY 6 SHARED VOTING POWER: 0
OWNED BY
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EACH 7 SOLE DISPOSITIVE POWER: 2,470,955
REPORTING
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PERSON WITH 8 SHARED DISPOSITIVE POWER: 0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 2,470,955 ** SEE ITEM 4
EACH REPORTING PERSON:
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES:*
[ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): 15.5%
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12 TYPE OF REPORTING PERSON: PN
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* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
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CUSIP No. M01575105 13G Page 3 of 12
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1 NAME OF REPORTING PERSONS: IMR FUND, L.P.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE 41-1676714
PERSONS:
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:*
(A) [ ]
(B) [X]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF DELAWARE
ORGANIZATION:
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NUMBER OF 5 SOLE VOTING POWER: 0
SHARES
------------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER: 2,894,705
OWNED BY
------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER: 0
REPORTING
------------------------------------------------------------
PERSON WITH 8 SHARED DISPOSITIVE POWER: 2,894,705
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 2,894,705 ** SEE ITEM 4
EACH REPORTING PERSON:
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES:*
[ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): 18.2%
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12 TYPE OF REPORTING PERSON: PN
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* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
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CUSIP No. M01575105 13G Page 4 of 12
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1 NAME OF REPORTING PERSONS: IMR MANAGEMENT PARTNERS L.P.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE 41-1674084
PERSONS:
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:*
(A) [ ]
(B) [X]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF DELAWARE
ORGANIZATION:
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NUMBER OF 5 SOLE VOTING POWER: 0
SHARES
------------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER: 2,894,705
OWNED BY
------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER: 0
REPORTING
------------------------------------------------------------
PERSON WITH 8 SHARED DISPOSITIVE POWER: 2,894,705
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 2,894,705 ** SEE ITEM 4
EACH REPORTING PERSON:
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES:*
[ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): 18.2%
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12 TYPE OF REPORTING PERSON: PN
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* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
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CUSIP No. M01575105 13G Page 5 of 12
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1 NAME OF REPORTING PERSONS: IMR GENERAL, INC.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE 41-1673674
PERSONS:
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:*
(A) [ ]
(B) [X]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF DELAWARE
ORGANIZATION:
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NUMBER OF 5 SOLE VOTING POWER: 0
SHARES
-----------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER: 2,894,705
OWNED BY
-----------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER: 0
REPORTING
-----------------------------------------------------------
PERSON WITH 8 SHARED DISPOSITIVE POWER: 2,894,705
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 2,894,705 ** SEE ITEM 4
EACH REPORTING PERSON:
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES:*
[ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): 18.2%
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12 TYPE OF REPORTING PERSON CO
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* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
ITEM 1. IDENTITY OF ISSUER
(a) The name of the issuer is Accent Software International Ltd.
(the "Issuer").
(b) The address of the Issuer's principal executive office is 28
Pierre Koenig Street, P.O. Box 53063, Jerusalem, Israel 91530.
ITEM 2. IDENTITY OF PERSON FILING
This statement is filed on behalf of IMR Investments V.O.F., a Belgian
partnership, IMR General, Inc., a Delaware corporation, IMR Fund, L.P., a
Delaware limited partnership and IMR Management Partners L.P., a Delaware
limited partnership, (collectively, the "Group"). IMR Fund, L.P., and IMR
General, Inc., are the partners of IMR Investments V.O.F. IMR Management
Partners L.P. is the general partner of IMR Fund, L.P., and IMR General,
Inc. is the general partner of IMR Management Partners L.P. The Agreement
among the members of the Group that this statement be filed on behalf of
each of them is attached hereto as Exhibit A.
The following sets forth for each member of the Group, (a) its name,
(b) its principal business address, (c) its place of organization, (d) the
title of the class of securities it owns and (e) the CUSIP Number of such
shares.
1. (a) IMR Investments V.O.F.
(b) 100 South Fifth Street, Suite 2500, Minneapolis, MN 55402
(c) Belgium
(d) Ordinary Shares, par value NIS .01 per share
(e) M01575105
2. (a) IMR General, Inc.
(b) 100 South Fifth Street, Suite 2500, Minneapolis, MN 55402
(c) Delaware
(d) Ordinary Shares, par value NIS .01 per share
(e) M01575105
3. (a) IMR Fund, L.P.
(b) 100 South Fifth Street, Suite 2500, Minneapolis, MN 55402
(c) Delaware
(d) Ordinary Shares, par value NIS .01 per share
(e) M01575105
4. (a) IMR Management Partners L.P.
(b) 100 South Fifth Street, Suite 2500, Minneapolis, MN 55402
(c) Delaware
(d) Ordinary Shares, par value NIS .01 per share
(e) M01575105
ITEM 3.
Not Applicable.
Page 6 of 12 pages
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ITEM 4. OWNERSHIP
IMR Investments V.O.F. is the direct beneficial owner of 2,470,955
Ordinary Shares of the Issuer par value NIS .01 per share consisting of
15.5% of the number of Ordinary Shares outstanding, as follows: (i)
2,085,015 Ordinary Shares par value NIS .01 per share, held directly, (ii)
176,470 Units, each Unit consisting of one Ordinary Share and a warrant to
purchase an additional Ordinary Share at $11.50, held directly, and (iii)
33,000 warrants exercisable as of May 22, 1995, expiring May 22, 1998 with
an exercise price of $3.33 per share, held directly. IMR Investments V.O.F.
has sole voting power and dispositive power with respect to all 2,470,955
Ordinary Shares it directly holds.
IMR Fund, L.P. is the beneficial owner of 2,894,705 Ordinary Shares of
the Issuer constituting 18.2% of the number of Ordinary Shares outstanding
as follows: (i) 2,085,015 Ordinary Shares par value NIS .01 per share, held
indirectly as a partner in IMR Investments, V.O.F.; (ii) 176,470 Units, each
Unit consisting of one Ordinary Share and a warrant to purchase an
additional Ordinary Share at $11.50, held indirectly as a partner in IMR
Investments V.O.F.; (iii) 33,000 warrants exercisable as of May 22, 1995,
expiring May 22, 1998 with an exercise price of $3.33 per share, held
indirectly as a partner in IMR Investments, V.O.F.; (iv) 243,750 warrants
exercisable as of January 1, 1995, expiring December 30, 1999 with an
exercise price of $1.83 per share, held directly and (v) 180,000 warrants
exercisable as of November 21, 1996, expiring November 21, 2001 with an
exercise price of $11.50 per share, held directly. IMR Fund, L.P. has shared
voting power and dispositive power with respect to all 2,894,705 Ordinary
Shares it beneficially owns.
IMR General, Inc. is the beneficial owner of 2,894,705 Ordinary Shares
of the Issuer constituting 18.2% of the number of Ordinary Shares
outstanding as follows: (i) 2,085,015 Ordinary Shares par value NIS .01 per
share, held indirectly as a partner in IMR Investments, V.O.F.; (ii) 176,470
Units, each Unit consisting of one Ordinary Share and a warrant to purchase
an additional Ordinary Share at $11.50, held indirectly as a partner in IMR
Investments V.O.F.; (iii) 33,000 warrants exercisable as of May 22, 1995,
expiring May 22, 1998 with an exercise price of $3.33 per share, held
indirectly as a partner in IMR Investments, V.O.F.; (iv) 243,750 warrants
exercisable as of January 1, 1995, expiring December 30, 1999 with an
exercise price of $1.83 per share, held indirectly as a general partner in
IMR Management Partners L.P., which is a general partner in IMR Fund, L.P.
and (v) 180,000 warrants exercisable as of November 21, 1996, expiring
November 21, 2001 with an exercise price of $11.50 per share, held
indirectly as a general partner in IMR Management Partners L.P., which is a
general partner in IMR Fund, L.P. IMR General, Inc. has shared voting and
dispositive power with respect to all 2,894,705 Ordinary Shares it
beneficially owns.
IMR Management Partners L.P. is the beneficial owner of 2,894,705
Ordinary Shares of the Issuer constituting 18.2% of the number of Ordinary
Shares outstanding as follows: (1) 2,085,015 Ordinary Shares par value NIS
.01 per share, held indirectly as a general partner in IMR Fund, L.P., which
is a partner in IMR Investments, V.O.F.; (ii) 176,470 Units, each Unit
consisting of one Ordinary Share and a warrant to purchase an additional
Ordinary Share at $11.50, held indirectly as a general partner in IMR Fund,
L.P., which is a partner in IMR Investments V.O.F.; (iii) 33,000 warrants
exercisable as of May 22, 1995, expiring May 22, 1998 with an exercise price
of $3.33 per share, held indirectly as a general partner in IMR Fund, L.P.,
which is a partner in IMR Investments, V.O.F.; (iv) 243,750 warrants
exercisable as of January 1, 1995, expiring December 30, 1999 with an
exercise price of $1.83 per share, held indirectly as a general partner in
IMR Fund, L.P. and (v) 180,000 warrants exercisable as of November 21, 1996,
expiring November 21, 2001 with an exercise price of $11.50 per share, held
Page 7 of 12 pages
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indirectly as a general partner in IMR Fund, L.P. IMR Management Partners,
L.P. has shared voting and dispositive power with respect to all 2,894,705
Ordinary Shares it beneficially owns.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
Not Applicable.
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
Not Applicable.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY
Not Applicable.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
The Group has filed this Amendment #1 to Schedule 13G pursuant to Rule
13d-1(c) under the Securities Exchange Act of 1934, as amended. The
identity of each member of the Group is set forth in Exhibit B to this
Schedule 13G.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP
Not Applicable.
ITEM 10. CERTIFICATION
Not Applicable.
Page 8 of 12 pages
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SIGNATURE
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.
Dated: March 24, 1997
IMR INVESTMENTS V.O.F.
BY: IMR General, Inc.
By: /s/Roger R. Cloutier, II
--------------------------------
Roger R. Cloutier, II
Its Vice President
IMR GENERAL, INC.
By: /s/Roger R. Cloutier, II
--------------------------------
Roger R. Cloutier, II
Its Vice President
IMR FUND, L.P.
BY: IMR Management Partners, L.P.
Its General Partner
By IMR General, Inc.
Its General Partner
By: /s/Roger R. Cloutier, II
--------------------------
Roger R. Cloutier, II
Its Vice President
IMR MANAGEMENT PARTNERS L.P.
BY: IMR General, Inc.
Its General Partner
By: /s/Roger R. Cloutier, II
--------------------------
Roger R. Cloutier, II
Its Vice President
Page 9 of 12 pages
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EXHIBIT INDEX
Exhibit A -- Agreement among IMR Investments V.O.F., IMR Fund, L.P., IMR
General, Inc. and IMR Management Partners L.P. to file a joint
statement on Schedule 13G
Exhibit B -- Identification of Members of the Group
Page 10 of 12 pages
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EXHIBIT A
AGREEMENT
This will confirm the agreement by and among all the undersigned that the
Amendment #1 to Schedule 13G filed on or about this date with respect to the
beneficial ownership of the undersigned of Ordinary Shares, NIS .01 par value,
of Accent Software International Ltd. is being filed on behalf of each of the
individuals named below. This agreement may be executed in two or more
counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument.
Dated: March 24, 1997
IMR INVESTMENTS V.O.F.
BY: IMR General, Inc.
By: /s/Roger R. Cloutier, II
---------------------------------
Roger R. Cloutier, II
Its Vice President
IMR GENERAL, INC.
By: /s/Roger R. Cloutier, II
---------------------------------
Roger R. Cloutier, II
Its Vice President
IMR FUND, L.P.
BY: IMR Management Partners, L.P.
Its General Partner
By IMR General, Inc.
Its General Partner
By: /s/Roger R. Cloutier, II
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Roger R. Cloutier, II
Its Vice President
IMR MANAGEMENT PARTNERS L.P.
BY: IMR General, Inc.
Its General Partner
By: /s/Roger R. Cloutier, II
---------------------------
Roger R. Cloutier, II
Its Vice President
Page 11 of 12 pages
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EXHIBIT B
IDENTIFICATION OF MEMBERS OF THE GROUP
1. IMR Investments V.O.F.
2. IMR Fund, L.P.1
3. IMR General, Inc.1
4. IMR Management Partners L.P.2
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1. IMR Fund, L.P. and IMR General, Inc. are the partners of IMR Investments
V.O.F.
2. IMR Management Partners L.P. is the general partner of IMR Fund, L.P., and
the general partner of IMR Management Partner L.P. is IMR General, Inc.
Page 12 of 12 pages
