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<SEC-DOCUMENT>0001144204-07-068254.txt : 20071219
<SEC-HEADER>0001144204-07-068254.hdr.sgml : 20071219
<ACCEPTANCE-DATETIME>20071219133912
ACCESSION NUMBER:		0001144204-07-068254
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20071214
ITEM INFORMATION:		Completion of Acquisition or Disposition of Assets
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20071219
DATE AS OF CHANGE:		20071219

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ACORN FACTOR, INC.
		CENTRAL INDEX KEY:			0000880984
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-COMPUTER PROGRAMMING SERVICES [7371]
		IRS NUMBER:				222786081
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-33886
		FILM NUMBER:		071315853

	BUSINESS ADDRESS:	
		STREET 1:		4 WEST ROCKLAND ROAD
		CITY:			MONTCHANIN
		STATE:			DE
		ZIP:			19710
		BUSINESS PHONE:		3026561708

	MAIL ADDRESS:	
		STREET 1:		4 WEST ROCKLAND ROAD
		CITY:			MONTCHANIN
		STATE:			DE
		ZIP:			19710

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DATA SYSTEMS & SOFTWARE INC
		DATE OF NAME CHANGE:	19931019

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DEFENSE SOFTWARE & SYSTEMS INC
		DATE OF NAME CHANGE:	19930328
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>v097703_8k.txt
<TEXT>
                                  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 (Date of earliest event reported) December 14, 2007
                                                        -----------------


                               ACORN FACTOR, INC.
             (Exact name of Registrant as Specified in its Charter)


           Delaware                      0-19771               22-2786081
- ----------------------------    ------------------------   ---------------------
(State or Other Jurisdiction    (Commission file Number)     (IRS Employer
      of Incorporation)                                    Identification No.)


                   4 West Rockland Road, Montchanin, DE   19710
               --------------------------------------------------
               (Address of Principal Executive Offices) (Zip Code)


        Registrant's telephone number, including area code (302) 656-1708
                                                           --------------


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:

|_| Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)

|_| Soliciting material pursuant to Rule 14a-2 under the Exchange Act (17 CFR
240.14a-2)

|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))

|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))

<PAGE>

Section 2 - Financial Information
Section 8 - Other Events

Item 2.01   Completion of Acquisition or Disposition of Assets.
Item 8.01   Other Events.

      On December 14, 2007, Acorn Factor, Inc. (the "Company") announced the
completion of the sale of a portion of its equity stake in Comverge, Inc. as
part of an underwritten follow-on public offering of Comverge stock by Comverge
and certain selling stockholders. The press release is attached as Exhibit 99.1.

      As disclosed in the release, the Company used a portion of the proceeds to
repay the loan which the Company took at the time of its purchase of SCR-Tech in
November 2007 in the amount of $14 million.

Section 9 - Financial Statements and Exhibits

Item 9.01   Financial Statements and Exhibits.

(d)   Exhibits

Exhibit No. Description
- ----------- --------------------------------------------------------------------

99.1        Press Release dated December 14, 2007

<PAGE>

                                   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 hereunto duly authorized on this 19th day of December, 2007.


                                        ACORN FACTOR, INC.


                                        By:    /s/ Sheldon Krause
                                               ---------------------------------
                                        Name:  Sheldon Krause
                                        Title: Secretary and General Counsel

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>v097703_ex99-1.txt
<TEXT>
                                  ACORN FACTOR

      Acorn Factor Announces Sale of Shares in Comverge Follow-On Offering

                  -- Received Net Proceeds of $28.4 Million --

Montchanin, Delaware, December 14, 2007 Acorn Factor, Inc. (OTC Bulletin Board:
ACFN) announced today that it has closed on the sale of a portion of its equity
stake in Comverge, Inc., as part of an underwritten follow-on offering of
Comverge stock by Comverge and certain selling stockholders In the follow-on
offering, Acorn Factor sold 1,022,356 Comverge shares at a price to the public
of $29.00 per share, including 133,351 shares sold pursuant to the underwriters'
exercise of their options to purchase additional shares to cover
over-allotments.

The net proceeds to Acorn Factor from the sale of the shares were $28.4 million.
These net proceeds will be used to repay the loan which the Company took at the
time of its purchase of SCR-Tech in November 2007, to finance possible future
acquisitions in the energy intelligence sector, to prepay certain outstanding
debentures and/or for general corporate purposes.

Following the closing of the offering, Acorn Factor continues to be Comverge's
largest shareholder with 1,763,665 Comverge shares, representing 8.6% of
Comverge's outstanding stock.

Citi and Goldman, Sachs & Co. acted as joint book-running managers of the
offering. Cowen and Company, LLC and RBC Capital Markets Corporation acted as
co-lead managers. Stephens Inc. and Pacific Growth Equities, LLC acted as
co-managers. A copy of the final prospectus relating to the offering may be
obtained from Citi, Brooklyn Army Terminal, 140 58th Street, 8th Floor,
Brooklyn, N.Y. 11220, (718) 765-6732, fax (718) 765-6734 and Goldman, Sachs &
Co., Attn: Prospectus Dept., 85 Broad St., New York, N.Y. 10004, fax (212)
902-9316 or email at prospectus-ny@ny.email.gs.com.

A registration statement relating to these securities has been filed with and
declared effective by the Securities and Exchange Commission. This press release
shall not constitute an offer to sell, or the solicitation of an offer to buy,
nor shall there be any sale of these securities in any state or jurisdiction in
which such offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state or jurisdiction.

<PAGE>

About Acorn Factor

Acorn Factor specializes in acquiring and accelerating the growth of emerging
ventures that promise improvement in the economic and environmental efficiency
of the energy sector. Acorn aims to take primarily controlling positions in
companies led by great entrepreneurs and add value by supporting those companies
with branding, positioning, strategy and business development. Acorn Factor is a
global company with equity interests in Comverge, the leading clean capacity
provider of energy solutions through demand response; SCR-Tech LLC, the leading
provider of catalyst regeneration technologies and services to reduce NOx
emissions by fossil-fuel power plants; Paketeria AG, a German super services
provider; dsIT a leader in underwater security systems for strategic coastal
energy infrastructure; and Local Power, Inc., the creator of Community Choice
Aggregation, a revolution in renewable power and retail markets for electricity.

Acorn Factor's shares have been approved for listing, and are expected to
commence trading on, the NASDAQ Capital Market on Monday, December 17, 2007,
under the current symbol "ACFN".

    CONTACT:
    Christianna Miller
    Director of Communications
    Acorn Factor, Inc.
    (302)-656-1707

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