-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0001102624-09-000314.txt : 20090618
<SEC-HEADER>0001102624-09-000314.hdr.sgml : 20090617
<ACCEPTANCE-DATETIME>20090618090102
ACCESSION NUMBER:		0001102624-09-000314
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20090618
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20090618
DATE AS OF CHANGE:		20090618

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FORGENT NETWORKS  INC
		CENTRAL INDEX KEY:			0000884144
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373]
		IRS NUMBER:				742415696
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0731

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-20008
		FILM NUMBER:		09897853

	BUSINESS ADDRESS:	
		STREET 1:		108 WILD BASIN RD
		CITY:			AUSTIN
		STATE:			TX
		ZIP:			78746
		BUSINESS PHONE:		5124372700

	MAIL ADDRESS:	
		STREET 1:		108 WILD BASIN RD
		CITY:			AUSTIN
		STATE:			TX
		ZIP:			78746

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	VTEL CORP
		DATE OF NAME CHANGE:	19960401

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	VIDEO TELECOM CORP
		DATE OF NAME CHANGE:	19960401
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>asuresoftware8k.htm
<DESCRIPTION>ASURE SOFTWARE 8-K
<TEXT>
<table cellpadding="3" border="0" cellspacing="0" width="100%">
<tr><td>
</td></tr>
</table>
<center>
<table border=0 cellpadding=3 cellspacing=0>
<tr><td align="center"><br><br>
<B>UNITED STATES</B><br>
<B>SECURITIES AND EXCHANGE COMMISSION</B><br>
Washington, D.C. 20549<p>
<hr size=1>
<p><b>FORM 8-K<p>
CURRENT REPORT
<p>
Pursuant to Section 13 or 15(d) of the<br>Securities Exchange Act of 1934
</td>
</tr>
</table>
<p>
<b>
<table border=0 cellpadding=0 cellspacing=0>
<tr><td colspan=5 align=center>
<b>Date of Report: June      18, 2009</b><br>
(Date of earliest event reported)<br><br>
</td></tr>
<tr><td colspan=5 align=center>
<b>Forgent Networks, Inc.</b><br>
(Exact name of registrant as specified in its charter)
</td></tr>
<tr><td colspan=5><br></td></tr>
<tr>
<td align=center colspan=2 width="40%" valign="top">
<b>TX</b><br>
(State or other jurisdiction <br>of incorporation)
</td>
<td align=center width="20%" valign="top">
<b>0-20008</b><br>
(Commission File Number)
</td>
<td align=center colspan=2 width="40%" valign="top">
<b>74-2415696</b><br>
(IRS Employer <br>Identification Number)
</td>
</tr>
<tr><td colspan=5><br></td></tr>
<tr>
<td align="center" colspan=2>
<b>108 Wild Basin Rd</b><br>
(Address of principal executive offices)
</td>
<td>&nbsp;</td>
<td align="center" colspan=2>
<b>78746</b><br>
(Zip Code)
</td>
</tr>
<tr><td colspan=5 align=center><br>
<b>512-437-2700</b><br>(Registrant's telephone number, including area code)
</td></tr>
<tr><td colspan=5><br></td></tr>
<tr><td colspan=5 align=center>
<b>Not Applicable</b><br>(Former Name or Former Address, if changed since last report)<br>
</td></tr>
</table>
</center>
<br><br>
</b>
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:<br>
<dl>
 <dd><font face="wingdings">o</font> Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<br>
 <dd><font face="wingdings">o</font> Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<br>
 <dd><font face="wingdings">o</font> Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

  <br>
 <dd><font face="wingdings">o</font> Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

  <br>
</dl>
<hr size=1>
<table width=100%>
<tr><td width="100%">
<b>Item 9.01. Financial Statements and Exhibits</b></b><br />
<br>
Asure Software Announces Financial Results for the 2009 Fiscal Third Quarter
<br>
<p>
<b>(a) Financial statements:</b><br>
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;  None<br>
<b>(b) Pro forma financial information:</b><br>
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;  None<br>
<b>(c) Shell company transactions:</b><br>
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;  None<br>
<b>(d) Exhibits</b><br>
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;  99.1 &nbsp; &nbsp; &nbsp; <a href="forgentnetworksinc8.htm">Press Release of Forgent Networks, Inc. dated June      18, 2009</a></b>
<br>
<p>
<hr size=1>
<b><center>SIGNATURE</center></b>
<p>
&nbsp; &nbsp; &nbsp; 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 hereunto duly authorized.<p>
</td></tr>
</table>
<br>
<table border="0" width="100%">
<tr>
<td width="50%" valign=top>
Dated: June      18, 2009<br>
</td>
<td>
<b>FORGENT NETWORKS, INC.</b>
<p>
By: <u>&nbsp;/s/ Jay C. Peterson &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; </u> <br>
&nbsp; &nbsp; &nbsp;Jay C. Peterson<br>
&nbsp; &nbsp; &nbsp;<i>Chief Financial Officer</i><br>
</td></tr>
</table>
<hr>
<center>
<table border=0 width="100%">
<tr><td colspan=2>
<center><b>Exhibit Index</b></center>
</td>
</tr>
<tr>
<td width=50% align=center><b><u>Exhibit No.</u></b></td>
<td width=50% align=center><b><u>Description</u></b></td>
</tr>
<tr>
<td align=center>99.1</td>
<td align=center>Press Release of Forgent Networks, Inc. dated June      18, 2009</td>
</tr>
</table>
</center>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>forgentnetworksinc8.htm
<DESCRIPTION>ASURE SOFTWARE PRESS RELEASE
<TEXT>

<p></p>
<b>Asure Software Announces Financial Results for the 2009 Fiscal Third Quarter</b>
<p>AUSTIN, TX -- (Marketwire - June      18, 2009) -  Asure Software (NASDAQ: ASUR), a leading
provider of workforce management software, today announced financial
results for the 2009 fiscal third quarter, ended April 30, 2009.
</p>
<p>
Highlights included:
</p>
<p>
<pre>
- --  iEmployee new customer bookings increased by 59% over Q2 2009
- --  Overall operating expenses decreased by 11% relative to Q2 2009
- --  EBITDA loss decreased by 9% relative to Q2 2009
- --  Overall revenue remained flat relative to Q2 2009
    </pre>
</p>
<p>
"I am pleased with the meaningful progress we made in the third quarter of
fiscal 2009, including significantly reducing operating expenses and EBITDA
loss compared with the second quarter of fiscal 2009, and preserving our
overall revenue level in spite of challenging economic conditions," said
Richard N. Snyder, Chairman and Chief Executive Officer of Asure Software.
"For example, Meeting Room Manager (MRM) scored key new customer wins in
each of our targeted industries in Q3, and iEmployee secured the largest
new client since we acquired the business.
</p>
<p>
"We are optimistic about the future on a number of fronts.  The
Software-as-a-Service (SaaS) market continues to be an attractive growth
market for us.  In fact, the Gartner Group predicts the SaaS market to grow
at an average annual rate of 19.4% through 2013, far above the 5.2% growth
for the overall business software market," Snyder said.  "In addition, we
remain committed to increasing our operating efficiencies while reducing
expenses and maintaining or growing revenues, which will put us on track to
obtain EBITDA profitability by the end of this calendar year."
</p>
<p>
Additional Third-Quarter Highlights:
</p>
<p>
On a sequential basis, Asure's total revenues remained flat in Q3 2009 at
$2.4 million, relative to the same approximate amount in Q2 2009, due to
the continuing weak economy.
</p>
<p>
Operating expenses declined in Q3 2009 versus Q2 2009 by 11% due to the
implementation of a 10% salary reduction and other prudent cost-cutting
initiatives.
</p>
<p>
Editor's Note: In a separate release issued today, Asure Software also
announced that COO Nancy L. Harris has been named President and CEO of the
Company, and that former President, CEO and Chairman Richard N. Snyder has
been named Executive Chairman.
</p>
<p>
Conference Call Details
</p>
<p>
Asure Software has scheduled a conference call for today, Thursday, June
18, 2009 at 11:00 a.m. ET (10:00 a.m. CT) to discuss its most recent
financial results and outlook. Participating in the call will be Richard
Snyder, Chairman and Chief Executive Officer; Jay Peterson, Chief Financial
Officer; and Nancy Harris, Chief Operating Officer.
</p>
<p>
To take part, please dial 800-638-5495 ten minutes before the conference
call begins, ask for the Asure Software event and use passcode 59748373.
International callers should dial 617-614-3946 and reference the same
passcode, 59748373.
</p>
<p>
Investors, analysts, media and the general public will also have the
opportunity to listen to the conference call in listen-only mode via the
Internet by visiting the investor relations page of Asure's web site at
www.asuresoftware.com. To monitor the live call, please visit the web site
at least 15 minutes early to register, download and install any necessary
audio software. For those who cannot listen to the live broadcast, an
archived replay will be available shortly after the call on the investor
relations page of the Company's web site at www.asuresoftware.com.
</p>
<p>
About Asure Software
</p>
<p>
Headquartered in Austin, Texas, Asure Software (ASUR), (a d/b/a of Forgent
Networks, Inc.), empowers small to mid-size organizations and divisions of
large enterprises to operate more efficiently, increase worker productivity
and reduce costs through a comprehensive suite of on-demand workforce
management software and services. Asure's market-leading suite includes
products that optimize workforce time and attendance tracking, benefits
enrollment and tracking, pay stubs and W2 documentation, expense
management, and meeting and event management. With additional offices in
Warwick, Rhode Island, Vancouver, British Columbia, and Mumbai, India,
Asure serves 3,500 customers around the world. For more information, please
visit www.asuresoftware.com.
</p>
<p>
"Safe Harbor" Statement under the Private Securities Litigation Reform Act
of 1995: Statements in this press release regarding Asure's business which
are not historical facts are "forward-looking statements" that involve
risks and uncertainties. Such risks and uncertainties, which include those
associated with continued listing of the Company's securities on the NASDAQ
Capital Market, could cause actual results to differ from those contained
in the forward-looking statements.
</p>
<p>
<pre>
                           FORGENT NETWORKS, INC.
                    CONDENSED CONSOLIDATED BALANCE SHEETS
                (Amounts in thousands, except per share data)

                                                   APRIL 30,     JULY 31,
                                                     2009         2008
                                                  -----------  -----------
                                                  (UNAUDITED)
ASSETS
Current Assets:
  Cash and cash equivalents                       $     8,194  $    12,062
  Short-term investments                                2,915        2,627
  Accounts receivable, net of allowance for
   doubtful accounts of $30 and $41 at April
   30, 2009 and July 31, 2008, respectively               901        1,488
  Inventory                                                 3           74
  Prepaid expenses and other current assets               444          421
                                                  -----------  -----------
    Total Current Assets                               12,457       16,672

Property and equipment, net                               695          907
Intangible assets, net                                  4,144        4,729
                                                  -----------  -----------
                                                  $    17,296  $    22,308
                                                  ===========  ===========


LIABILITIES AND STOCKHOLDERS&#146; EQUITY
Current Liabilities:
  Accounts payable                                $     3,562  $     3,778
  Accrued compensation and benefits                       184          203
  Lease impairment and advance                            335          373
  Other accrued liabilities                               465          384
  Deferred revenue                                      1,807        1,844
                                                  -----------  -----------
    Total Current Liabilities                           6,353        6,582

Long-Term Liabilities:
  Deferred revenue                                         72           25
  Lease impairment and advance                            276          564
  Other long-term obligations                             183          217
                                                  -----------  -----------
    Total Long-Term Liabilities                           531          806

Stockholders&#146; Equity:
  Preferred stock, $.01 par value; 10,000 shares
   authorized; none issued or outstanding                  --           --
  Common stock, $.01 par value; 40,000 shares
   authorized; 32,905 and 32,892 shares issued;
   31,115 and 31,102 shares outstanding at April
   30, 2009 and July 31, 2008, respectively               329          329
  Treasury stock at cost, 1,790 shares at April
   30, 2009 and July 31, 2008                          (4,815)      (4,815)
  Additional paid-in capital                          270,725      270,657
  Accumulated deficit                                (255,678)    (251,214)
  Accumulated other comprehensive income                 (149)         (37)
                                                  -----------  -----------
    Total Stockholders&#146; Equity                         10,412       14,920
                                                  -----------  -----------
                                                  $    17,296  $    22,308
                                                  ===========  ===========



                            FORGENT NETWORKS, INC.
               CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                (Amounts in thousands, except per share data)


                                       FOR THE              FOR THE
                                 THREE MONTHS ENDED    NINE MONTHS ENDED
                                      APRIL 30,            APRIL 30,
                                  2009       2008       2009       2008
                                ---------  ---------  ---------  ---------
                                    (UNAUDITED)           (UNAUDITED)

Revenues                        $   2,402  $   2,707  $   7,615  $   7,316
Cost of Sales                        (494)      (639)    (1,526)    (1,598)
                                ---------  ---------  ---------  ---------
  Gross Margin                      1,908      2,068      6,089      5,718

OPERATING EXPENSES:
  Selling, general and
   administrative                   2,614      2,951      8,844      8,353
  Research and development            544        616      1,630      1,547
  Amortization of intangible
   assets                             149        149        448        340
                                ---------  ---------  ---------  ---------
    Total Operating Expenses        3,307      3,716     10,922     10,240

LOSS FROM OPERATIONS               (1,399)    (1,648)    (4,833)    (4,522)

OTHER INCOME AND (EXPENSES):
  Interest income                      20        109        109        641
  Foreign currency translation         (6)         2         93         (9)
  Gain on sale of assets               26         --        276         --
  Interest expense and other          (18)       (22)       (51)       (51)
                                ---------  ---------  ---------  ---------
    Total Other Income                 22         89        427        581

LOSS FROM OPERATIONS, BEFORE
 INCOME TAXES                      (1,377)    (1,559)    (4,406)    (3,941)
Provision for income taxes            (10)       (14)       (58)       (34)
                                ---------  ---------  ---------  ---------
NET LOSS                        $  (1,387) $  (1,573) $  (4,464) $  (3,975)
                                =========  =========  =========  =========

BASIC AND DILUTED LOSS PER
 SHARE:
  Basic                         $   (0.04) $   (0.05) $   (0.14) $   (0.13)
                                =========  =========  =========  =========
  Diluted                       $   (0.04) $   (0.05) $   (0.14) $   (0.13)
                                =========  =========  =========  =========

WEIGHTED AVERAGE SHARES
 OUTSTANDING:
  Basic                            31,113     30,995     31,109     29,667
  Diluted                          31,113     30,995     31,109     29,667
</pre>

</p>
<pre>
Investor Contact:
Jay Peterson
Asure Software
512-437-2476

Media Contact:
Rob Berick
Dix &amp; Eaton
216-241-4611


</pre>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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