content: <HTML><HEAD>
  <TITLE>Form 8-K</TITLE>
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  <HR SIZE="3" NOSHADE COLOR="#000000" ALIGN="left"><P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
  FACE="Times New Roman" SIZE="5" COLOR="#000000"><B>SECURITIES AND EXCHANGE COMMISSION </B></FONT></P><P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="3" COLOR="#000000"><B>Washington, D.C. 20549
  </B></FONT></P><P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="5" COLOR="#000000"><B>FORM 8-K </B></FONT></P><P
  STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="3" COLOR="#000000"><B>CURRENT REPORT </B></FONT></P><P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><P
  STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><B>Pursuant to Section 13 or 15(d) of </B></FONT></P><P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
  FACE="Times New Roman" SIZE="2" COLOR="#000000"><B>the Securities Exchange Act of 1934 </B></FONT></P><P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
  FACE="Times New Roman" SIZE="2" COLOR="#000000"><B>Date of earliest event reported: April 15, 2003 </B></FONT></P><P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><P STYLE="margin-top:0px;margin-bottom:0px"
  ALIGN="center"><FONT FACE="Times New Roman" SIZE="5" COLOR="#000000"><B>SAGENT TECHNOLOGY, INC. </B></FONT></P><P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><B>(Exact name of
  Registrant as specified in its charter) </B></FONT></P><P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
  <TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">
  
  <TR>
  <TD VALIGN="bottom" WIDTH="31%" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><B>Delaware</B></FONT></P></TD>
  <TD VALIGN="bottom" WIDTH="3%"><FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;</FONT></TD>
  <TD VALIGN="bottom" WIDTH="31%" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><B>000-25315</B></FONT></P></TD>
  <TD VALIGN="bottom" WIDTH="3%"><FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;</FONT></TD>
  <TD VALIGN="bottom" WIDTH="31%" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><B>94-3225290</B></FONT></P></TD></TR>
  <TR>
  <TD VALIGN="top" ALIGN="center" WIDTH="31%"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><B>(State or other jurisdiction of</B></FONT></P> <P
  STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><B>incorporation or organization)</B></FONT></P></TD>
  <TD VALIGN="bottom" WIDTH="3%"><FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;</FONT></TD>
  <TD VALIGN="top" ALIGN="center" WIDTH="31%"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><B>(Commission File Number)</B></FONT></P></TD>
  <TD VALIGN="bottom" WIDTH="3%"><FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;</FONT></TD>
  <TD VALIGN="top" ALIGN="center" WIDTH="31%"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><B>(I.R.S. Employer</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"
  ALIGN="center"><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><B>Identification No.)</B></FONT></P></TD></TR>
  </TABLE><P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><B>800 W.
  El Camino Real, Suite 300 </B></FONT></P><P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><B>Mountain View, CA 94040 </B></FONT></P><P STYLE="margin-top:0px;margin-bottom:0px"
  ALIGN="center"><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><B>(Address, including zip code, of principal executive offices) </B></FONT></P><P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><P
  STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><B>(650) 815-3100 </B></FONT></P><P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"
  COLOR="#000000"><B>(Registrant&#146;s telephone number, including area code) </B></FONT></P><P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><HR SIZE="3" NOSHADE COLOR="#000000" ALIGN="left">
  
  <p Style='page-break-before:always'>
  <HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
  
  <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><B>Item
  5.&nbsp;&nbsp;&nbsp;&nbsp;Other Events. </B></FONT></P><P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P><P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">On
  April 15, 2003, Sagent Technology, Inc. (&#147;Sagent&#148; or &#147;we&#148;) entered into an Asset Purchase Agreement (the &#147;Asset Purchase Agreement&#148;) with Group 1 Software, Inc. (&#147;Group 1&#148;). The summary below is qualified in
  its entirety by reference to the Asset Purchase Agreement, which is attached as an exhibit hereto and is incorporated by reference herein. </FONT></P><P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><P
  STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">Subject to the terms and conditions of the Asset Purchase Agreement, Group 1 will pay up to $17 million to Sagent in exchange for
  substantially all of the assets of Sagent and its subsidiaries, including all intellectual property, accounts receivable, cash on hand, certain contracts, property &amp; equipment and other designated assets, and the assumption of specified
  liabilities (the &#147;Asset Sale&#148;). The purchase price of $17 million is payable through the cancellation of the secured bridge loans referred to below, with the remainder to be paid in cash. The purchase price of $17 million may be reduced,
  as set forth Section 2.6 of the Asset Purchase Agreement, based on changes in the value of the acquired assets and assumed liabilities prior to the closing of the Asset Sale. </FONT></P><P STYLE="margin-top:0px;margin-bottom:0px"><FONT
  SIZE="1">&nbsp;</FONT></P><P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">As set forth in Sections 6.10 and 6.11 of the Asset Purchase Agreement, Group 1 has a period of time to
  complete their due diligence review of Sagent&#146;s assets and liabilities, after which Group 1&#146;s board of directors will consider the Asset Purchase Agreement for approval. Group 1 may terminate the Asset Purchase Agreement if it is not
  satisfied with the results of its due diligence investigation, or if its board of directors does not approve the transaction. We expect that Group 1&#146;s board of directors will act with respect to the Asset Purchase Agreement by May 9, 2003.
  </FONT></P><P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">Assuming the satisfactory completion by Group 1
  of its due diligence review and the approval by Group 1&#146;s board of directors, and subject to approval by Sagent&#146;s stockholders and satisfaction of the other closing conditions set forth in the Asset Purchase Agreement, we expect that the
  Asset Sale will be consummated near the end of the second calendar quarter of 2003 or early in the third calendar quarter of 2003. </FONT></P><P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><P
  STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">After the closing of the Asset Sale, and following the expiration of Sagent&#146;s indemnity obligations four months after the closing, we
  will, subject to approval by our stockholders, wind up our operating business, effect a complete liquidation and dissolution of the company, and distribute any remaining cash to our stockholders. We expect to complete the liquidation and final
  distribution prior to the end of the calendar year 2003. </FONT></P><P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"
  COLOR="#000000">Concurrent with the signing of the Asset Purchase Agreement, Group 1 provided Sagent with $5 million in bridge financing, secured by all of Sagent&#146;s assets. Of that amount, approximately $3.1 million was used by Sagent to pay
  amounts owed by CDC Software Corporation under a settlement agreement. Under the terms of the bridge financing, Group 1 has agreed to lend Sagent an additional $2 million after, and if, the Asset Purchase Agreement is approved by Group 1&#146;s
  board of directors. </FONT></P><P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">Sagent will be filing
  relevant documents with the Securities and Exchange Commission (SEC) with respect to the proposed Asset Sale and subsequent dissolution, including, assuming that the Asset Purchase Agreement is approved by Group 1&#146;s board of directors, a proxy
  statement. <B>We will file the proxy statement and mail it to Sagent stockholders only after, and only if, Group 1&#146;s board of directors has approved the transaction.</B> <B>Stockholders of Sagent are urged to read the proxy statement any other
  relevant documents filed with the SEC when they become available because they will contain important information.</B> Investors and security holders can obtain free copies of the proxy statement and other relevant documents when they become
  available by contacting Sagent Technology, Inc., 800 West El Camino Real Suite 300, Mountain View, CA 94040. In addition, documents filed with the SEC by Sagent will be available free of charge at the SEC&#146;s web site at www.sec.gov. </FONT></P>
  
  <p Style='page-break-before:always'>
  <HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
  
  <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">Information
  regarding the identity of the persons who may, under SEC rules, be deemed to be participants in the solicitation of stockholders of Sagent in connection with the transaction, and their direct and indirect interests, by security holding or otherwise,
  in the solicitation, will be set forth in the proxy statement that will be filed by Sagent with the SEC. </FONT></P><P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><P STYLE="margin-top:0px;margin-bottom:0px"><FONT
  FACE="Times New Roman" SIZE="2" COLOR="#000000"><B>Cautionary Statement </B></FONT></P><P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P><P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT
  FACE="Times New Roman" SIZE="2" COLOR="#000000">This report contains &#147;forward looking statements&#148; within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements that relate
  to the satisfactory completion by Group 1 of its due diligence review, the approval by the Group 1 board of directors of the Asset Purchase Agreement, the timing of the filing and mailing of the proxy statement, the timing of the closing of the
  Asset Sale and the subsequent liquidation and distribution, and the additional bridge loan from Group 1. These statements are neither promises or guarantees, but involve a number of risks, uncertainties and other factors that could cause actual
  results to differ materially from those set forth or reflected in the forward looking statements, including, without limitation: the risk that the transaction may not be consummated in a timely manner, on the terms described above, or at all; the
  satisfactory completion of due diligence by Group 1; the discretion of Group 1 board of directors in approving the transaction; changes in the value of the assets and liabilities transferred to Group 1 and retained by Sagent; changes in
  Sagent&#146;s business and financial condition; future claims, liabilities and expenses incurred by Sagent; the discretion of Sagent&#146;s stockholders to approve the transaction; delays in distributions to Sagent stockholders and reduced
  distributions due to unexpected liabilities and the inability to settle obligations to creditors; delays in distributions due to the timing of sales of our non-cash assets, claim settlements with creditors and the amounts paid out under warranty
  claims; and inadequate contingency reserves. Readers are cautioned not to place undue reliance on these forward-looking statements, which address the conditions as they are found on the date of this report. </FONT></P><P
  STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><B>Item 7.&nbsp;&nbsp;&nbsp;&nbsp;Financial Statements and Exhibits.
  </B></FONT></P><P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
  <TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
  <TR>
  <TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
  <TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">(a)</FONT></TD>
  <TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
  <TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">Not applicable. </FONT></TD></TR></TABLE><P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
  <TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
  <TR>
  <TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
  <TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">(b)</FONT></TD>
  <TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
  <TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">Not applicable. </FONT></TD></TR></TABLE><P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
  <TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
  <TR>
  <TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
  <TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">(c)</FONT></TD>
  <TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
  <TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><U>Exhibits</U>. </FONT></TD></TR></TABLE><P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
  <TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
  <TR>
  <TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
  <TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">5.1</FONT></TD>
  <TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
  <TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">Asset Purchase Agreement dated April 15, 2003 between Sagent Technology, Inc. and Group 1 Software, Inc. (Pursuant to Item 601(b)(2) of Regulation S-K, the schedules
  to the Asset Purchase Agreement have been omitted. Sagent agrees to furnish such schedules supplementally to the SEC upon the request of the SEC.) </FONT></TD></TR></TABLE>
  
  <p Style='page-break-before:always'>
  <HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
  
  <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><B>SIGNATURE
  </B></FONT></P><P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">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. </FONT></P><P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
  <TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0">
  
  <TR>
  <TD COLSPAN="3"><FONT SIZE="1">&nbsp;</FONT></TD>
  <TD VALIGN="bottom" WIDTH="3%"><FONT FACE="Times New Roman" SIZE="1">&nbsp;</FONT></TD>
  <TD><FONT SIZE="1">&nbsp;</FONT></TD>
  <TD VALIGN="bottom" WIDTH="3%"><FONT FACE="Times New Roman" SIZE="1">&nbsp;</FONT></TD>
  <TD VALIGN="top" COLSPAN="3" WIDTH="44%"> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">SAGENT TECHNOLOGY, INC.</FONT></P> <P
  STYLE="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">a Delaware corporation</FONT></P></TD></TR>
  <TR>
  <TD HEIGHT="16"></TD></TR>
  <TR>
  <TD VALIGN="top" COLSPAN="3" WIDTH="44%"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">Dated:&nbsp;&nbsp;&nbsp;&nbsp;April 16, 2003</FONT></P></TD>
  <TD VALIGN="bottom" WIDTH="3%"><FONT FACE="Times New Roman" SIZE="1">&nbsp;</FONT></TD>
  <TD><FONT SIZE="1">&nbsp;</FONT></TD>
  <TD VALIGN="bottom" WIDTH="3%"><FONT FACE="Times New Roman" SIZE="1">&nbsp;</FONT></TD>
  <TD VALIGN="top" WIDTH="2%"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">By:</FONT></P></TD>
  <TD VALIGN="bottom" WIDTH="3%"><FONT FACE="Times New Roman" SIZE="1">&nbsp;</FONT></TD>
  <TD VALIGN="top" WIDTH="44%"> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">/s/&nbsp;&nbsp;&nbsp;&nbsp;A<SMALL>NDRE</SMALL> B<SMALL>OISVERT</SMALL></FONT></P><HR
  SIZE="1" NOSHADE COLOR="#000000" ALIGN="left"></TD></TR>
  <TR>
  <TD><FONT SIZE="1">&nbsp;</FONT></TD>
  <TD VALIGN="bottom" WIDTH="3%"><FONT FACE="Times New Roman" SIZE="1">&nbsp;</FONT></TD>
  <TD><FONT SIZE="1">&nbsp;</FONT></TD>
  <TD VALIGN="bottom" WIDTH="3%"><FONT FACE="Times New Roman" SIZE="1">&nbsp;</FONT></TD>
  <TD><FONT SIZE="1">&nbsp;</FONT></TD>
  <TD VALIGN="bottom" WIDTH="3%"><FONT FACE="Times New Roman" SIZE="1">&nbsp;</FONT></TD>
  <TD><FONT SIZE="1">&nbsp;</FONT></TD>
  <TD VALIGN="bottom" WIDTH="3%"><FONT FACE="Times New Roman" SIZE="1">&nbsp;</FONT></TD>
  <TD VALIGN="bottom" WIDTH="44%"> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">Andre Boisvert</FONT></P> <P
  STYLE="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">Chairman and Chief Executive Officer</FONT></P></TD></TR>
  </TABLE>
  
  <p Style='page-break-before:always'>
  <HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
  
  <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><B>EXHIBIT
  INDEX </B></FONT></P><P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
  <TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">
  
  <TR>
  <TD VALIGN="bottom" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><B>Exhibit Number</B></FONT></P><HR WIDTH="44" SIZE="1" NOSHADE COLOR="#000000"></TD>
  <TD VALIGN="bottom" WIDTH="3%"><FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;</FONT></TD>
  <TD VALIGN="bottom" WIDTH="92%"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><B>Description</B></FONT></P><HR WIDTH="65" SIZE="1" NOSHADE ALIGN="left" COLOR="#000000"></TD></TR>
  <TR>
  <TD VALIGN="top" ALIGN="center" WIDTH="7%"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">5.1</FONT></P></TD>
  <TD VALIGN="bottom" WIDTH="3%"><FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;</FONT></TD>
  <TD VALIGN="bottom" WIDTH="92%"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">Asset Purchase Agreement dated April 15, 2003 between Sagent Technology, Inc. and Group 1 Software, Inc. (Pursuant to
  Item 601(b)(2) of Regulation S-K, the schedules to the Asset Purchase Agreement have been omitted. Sagent agrees to furnish such schedules supplementally to the SEC upon the request of the SEC.)</FONT></P></TD></TR>
  </TABLE>
  </BODY></HTML>
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metadata_filer: {"company-data": {"conformed-name": "SAGENT TECHNOLOGY INC", "cik": "0001058425", "assigned-sic": "7372", "irs-number": "943225290", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-25315", "film-number": "03653616"}, "business-address": {"street1": "800 WEST EL CAMINO REAL", "street2": "SUITE 300", "city": "MOUNTAIN VIEW", "state": "CA", "zip": "94040", "phone": "6504937100"}, "mail-address": {"street1": "800 WEST EL CAMINO REAL", "street2": "SUITE 300", "city": "MOUNTAINVIEW", "state": "CA", "zip": "94040"}}
text: Form 8-K
  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 earliest event reported: April 15, 2003
  SAGENT TECHNOLOGY, INC.
  (Exact name of
  Registrant as specified in its charter)
  Delaware
  000-25315
  94-3225290
  (State or other jurisdiction of
  incorporation or organization)
  (Commission File Number)
  (I.R.S. Employer
  Identification No.)
  800 W.
  El Camino Real, Suite 300
  Mountain View, CA 94040
  (Address, including zip code, of principal executive offices)
  (650) 815-3100
  (Registrant's telephone number, including area code)
  Item
  5.    Other Events.
  On
  April 15, 2003, Sagent Technology, Inc. ("Sagent" or "we") entered into an Asset Purchase Agreement (the "Asset Purchase Agreement") with Group 1 Software, Inc. ("Group 1"). The summary below is qualified in
  its entirety by reference to the Asset Purchase Agreement, which is attached as an exhibit hereto and is incorporated by reference herein.
  Subject to the terms and conditions of the Asset Purchase Agreement, Group 1 will pay up to $17 million to Sagent in exchange for
  substantially all of the assets of Sagent and its subsidiaries, including all intellectual property, accounts receivable, cash on hand, certain contracts, property & equipment and other designated assets, and the assumption of specified
  liabilities (the "Asset Sale"). The purchase price of $17 million is payable through the cancellation of the secured bridge loans referred to below, with the remainder to be paid in cash. The purchase price of $17 million may be reduced,
  as set forth Section 2.6 of the Asset Purchase Agreement, based on changes in the value of the acquired assets and assumed liabilities prior to the closing of the Asset Sale.
  As set forth in Sections 6.10 and 6.11 of the Asset Purchase Agreement, Group 1 has a period of time to
  complete their due diligence review of Sagent's assets and liabilities, after which Group 1's board of directors will consider the Asset Purchase Agreement for approval. Group 1 may terminate the Asset Purchase Agreement if it is not
  satisfied with the results of its due diligence investigation, or if its board of directors does not approve the transaction. We expect that Group 1's board of directors will act with respect to the Asset Purchase Agreement by May 9, 2003.
  Assuming the satisfactory completion by Group 1
  of its due diligence review and the approval by Group 1's board of directors, and subject to approval by Sagent's stockholders and satisfaction of the other closing conditions set forth in the Asset Purchase Agreement, we expect that the
  Asset Sale will be consummated near the end of the second calendar quarter of 2003 or early in the third calendar quarter of 2003.
  After the closing of the Asset Sale, and following the expiration of Sagent's indemnity obligations four months after the closing, we
  will, subject to approval by our stockholders, wind up our operating business, effect a complete liquidation and dissolution of the company, and distribute any remaining cash to our stockholders. We expect to complete the liquidation and final
  distribution prior to the end of the calendar year 2003.
  Concurrent with the signing of the Asset Purchase Agreement, Group 1 provided Sagent with $5 million in bridge financing, secured by all of Sagent's assets. Of that amount, approximately $3.1 million was used by Sagent to pay
  amounts owed by CDC Software Corporation under a settlement agreement. Under the terms of the bridge financing, Group 1 has agreed to lend Sagent an additional $2 million after, and if, the Asset Purchase Agreement is approved by Group 1's
  board of directors.
  Sagent will be filing
  relevant documents with the Securities and Exchange Commission (SEC) with respect to the proposed Asset Sale and subsequent dissolution, including, assuming that the Asset Purchase Agreement is approved by Group 1's board of directors, a proxy
  statement.
  We will file the proxy statement and mail it to Sagent stockholders only after, and only if, Group 1's board of directors has approved the transaction.
  Stockholders of Sagent are urged to read the proxy statement any other
  relevant documents filed with the SEC when they become available because they will contain important information.
  Investors and security holders can obtain free copies of the proxy statement and other relevant documents when they become
  available by contacting Sagent Technology, Inc., 800 West El Camino Real Suite 300, Mountain View, CA 94040. In addition, documents filed with the SEC by Sagent will be available free of charge at the SEC's web site at www.sec.gov.
  Information
  regarding the identity of the persons who may, under SEC rules, be deemed to be participants in the solicitation of stockholders of Sagent in connection with the transaction, and their direct and indirect interests, by security holding or otherwise,
  in the solicitation, will be set forth in the proxy statement that will be filed by Sagent with the SEC.
  Cautionary Statement
  This report contains "forward looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements that relate
  to the satisfactory completion by Group 1 of its due diligence review, the approval by the Group 1 board of directors of the Asset Purchase Agreement, the timing of the filing and mailing of the proxy statement, the timing of the closing of the
  Asset Sale and the subsequent liquidation and distribution, and the additional bridge loan from Group 1. These statements are neither promises or guarantees, but involve a number of risks, uncertainties and other factors that could cause actual
  results to differ materially from those set forth or reflected in the forward looking statements, including, without limitation: the risk that the transaction may not be consummated in a timely manner, on the terms described above, or at all; the
  satisfactory completion of due diligence by Group 1; the discretion of Group 1 board of directors in approving the transaction; changes in the value of the assets and liabilities transferred to Group 1 and retained by Sagent; changes in
  Sagent's business and financial condition; future claims, liabilities and expenses incurred by Sagent; the discretion of Sagent's stockholders to approve the transaction; delays in distributions to Sagent stockholders and reduced
  distributions due to unexpected liabilities and the inability to settle obligations to creditors; delays in distributions due to the timing of sales of our non-cash assets, claim settlements with creditors and the amounts paid out under warranty
  claims; and inadequate contingency reserves. Readers are cautioned not to place undue reliance on these forward-looking statements, which address the conditions as they are found on the date of this report.
  Item 7.    Financial Statements and Exhibits.
  (a)
  Not applicable.
  (b)
  Not applicable.
  (c)
  Exhibits
  .
  5.1
  Asset Purchase Agreement dated April 15, 2003 between Sagent Technology, Inc. and Group 1 Software, Inc. (Pursuant to Item 601(b)(2) of Regulation S-K, the schedules
  to the Asset Purchase Agreement have been omitted. Sagent agrees to furnish such schedules supplementally to the SEC upon the request of the SEC.)
  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.
  SAGENT TECHNOLOGY, INC.
  a Delaware corporation
  Dated:    April 16, 2003
  By:
  /s/    A
  NDRE
  B
  OISVERT
  Andre Boisvert
  Chairman and Chief Executive Officer
  EXHIBIT
  INDEX
  Exhibit Number
  Description
  5.1
  Asset Purchase Agreement dated April 15, 2003 between Sagent Technology, Inc. and Group 1 Software, Inc. (Pursuant to
  Item 601(b)(2) of Regulation S-K, the schedules to the Asset Purchase Agreement have been omitted. Sagent agrees to furnish such schedules supplementally to the SEC upon the request of the SEC.)