Form 8-K -- S2 Acquistion Completed

 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549


FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934


Date of Report: July 29, 2005
(Date of earliest event reported)

_________________________


TRANSACTION SYSTEMS ARCHITECTS, INC.
(Exact name of registrant as specified in its charter)


Delaware
0-25346
47-0772104
(State or other jurisdiction
of incorporation
(Commission
File Number)
(I.R.S. Employer
Identification No.)


224 South 108th Avenue,
Omaha, Nebraska 68154
(Address of principal executive offices, including zip code)


(402) 334-5101
(Registrant’s telephone number, including area code)

_________________________


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
    o     Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
o     Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))  
 
o     Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))  
 







Item 2.01. Completion of Acquisition or Disposition of Assets.
 
On June 29, 2005, Transaction Systems Architects, Inc. (the “Company”) entered into an Asset Purchase Agreement (the “Agreement”) with S2 Systems, Inc. (“Seller”). In accordance with the terms of the Agreement, on July 29, 2005, the Company purchased substantially all of the assets of Seller and its subsidiaries for a purchase price of $35 million, as adjusted based on closing working capital, plus specifically assumed liabilities. A copy of the Agreement was previously filed by the Company on a Form 8-K dated July 1, 2005.
 
        On July 29, 2005, the Company issued a press release announcing the completion of the acquisition of substantially all of the assets of Seller. A copy of this press release is attached hereto as Exhibit 99.1.

Item 9.01. Financial Statements and Exhibits.

Exhibit 99.1 -- Press Release dated July 29, 2005.






SIGNATURE

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.


 
TRANSACTION SYSTEMS ARCHITECTS, INC.
 
Date: July 29, 2005
By:
/s/ Dennis P. Byrnes
   
Dennis P. Byrnes
Senior Vice President,
General Counsel and Secretary






EXHIBIT INDEX

Exhibit
Number
 
 
Description
     
99.1
 
Press Release dated July 29, 2005.