SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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): May 7, 2004
Daleen Technologies, Inc.
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(Exact name of registrant as specified in its charter)
Delaware 0-27491 65-0944514
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
902 Clint Moore Road, Suite 230, Boca Raton, Florida 33487
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(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: (561) 999-8000
Item 5. Other Events.
On May 7, 2004, Daleen Technologies, Inc. (the "Company") announced that
agreements have been signed by affiliates of Quadrangle Capital and Behrman
Capital for investments of $25 million and $5 million, respectively, into Daleen
Holdings, Inc., a newly formed holding company that will simultaneously acquire
Daleen and Protek Telecommunications Solutions Limited, a UK-based international
software solutions group focused in the operational and business support systems
markets, for an aggregate of $37.2 million in stock and cash. A copy of the
press release related to this announcement is attached as Exhibit 99.1 and
incorporated by reference herein.
Item 7. Financial Statements and Exhibits.
(a) Not applicable.
(b) Not applicable.
(c) Exhibits
99.1Press Release dated May 7, 2004
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 hereunto duly authorized.
DALEEN TECHNOLOGIES, INC.
By: /s/ Gordon Quick
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Gordon Quick
President and Chief Executive Officer
Dated: May 7, 2004
EXHIBIT INDEX
Exhibit No. Description
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99.1 Press Release, dated May 7, 2004