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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13E-3

RULE 13e-3 TRANSACTION STATEMENT
Under Section 13(e) of the Securities Exchange Act of 1934
(Amendment No. 3)

ENTERPRISE INFORMATICS INC.
(Name of Issuer)

Enterprise Informatics Inc.
ERP2 Holdings, LLC
Southpaw Credit Opportunity Master Fund LP
Southpaw Asset Management LP
Southpaw Holdings, LLC
Kevin Wyman
Howard Golden
(Names of Person(s) Filing Statement)

Common Stock
(Title of Class of Securities)

29372R 109
(CUSIP Number of Class of Securities)

John W. Low
Chief Financial Officer and Secretary
10052 Mesa Ridge Court, Suite 100
San Diego, CA 92121
(858) 625-3000
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications on Behalf of Person(s) Filing Statement)

Copies to:

 
   
Russell C. Hansen, Esq.
Gibson Dunn & Crutcher LLP
1881 Page Mill Road
Palo Alto, CA 94304
(650) 849-5300
  Brett Lawrence, Esq.
Stroock & Stroock & Lavan LLP
180 Maiden Lane
New York, NY 10038
(212) 806-5422

This statement is filed in connection with (check the appropriate box):

ý a.   The filing of solicitation materials or an information statement subject to Regulation 14A, Regulation 14C or Rule 13e-3(c) under the Securities Exchange Act of 1934.
o b.   The filing of a registration statement under the Securities Act of 1933.
o c.   A tender offer.
o d.   None of the above.

Check the following box if the soliciting materials or information statement referred to in checking box (a) are preliminary copies: ý

Check the following box if the filing is a final amendment reporting the results of the transaction: o

Calculation of Filing Fee

 
   
   
   
   

    Transaction Valuation*       Amount of Filing Fee**    

    $60,000       $2.36    

(*)
Calculated solely for purposes of determining the filing fee. This amount assumes the acquisition of an estimated 1,200,000 shares of common stock for $0.05 per share in cash in lieu of issuing fractional shares in connection with the proposed reverse stock split.

(**)
The amount of the filing fee is calculated in accordance with Rule 0-11(b)(1) by multiplying the Transaction Valuation of $60,000 by 0.0000393.

ý
Check box if any part of the fee is offset as provided by Rule 0-11(a)(2) and identify the filing with which the offsetting fee was previously paid. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.


INTRODUCTION

        This Amendment No. 3 to Rule 13e-3 Transaction Statement on Schedule 13E-3, together with the exhibits hereto (this "Transaction Statement"), is being filed pursuant to Section 13(e) of the Securities Exchange Act of 1934, as amended (the "Exchange Act") by (1) Enterprise Informatics Inc., a California corporation and the issuer of the shares of common stock that are the subject of the Rule 13e-3 transaction (the "Company"), (2) ERP2 Holdings, LLC, a Delaware limited liability company ("ERP2"), (3) Southpaw Credit Opportunity Master Fund LP, a Cayman Islands limited partnership (the "Fund"), (4) Southpaw Asset Management LP, a Delaware limited partnership ("Southpaw Management"), (5) Southpaw Holdings LLC, a Delaware limited liability company ("Southpaw Holdings"), (6) Kevin Wyman, and (7) Howard Golden (collectively, the "Filing Persons") in connection with a proposed 1,000-to-1 reverse split of the Company's common stock involving the payment of cash in lieu of the issuance of fractional shares otherwise resulting from the reverse split. On April 10, 2008, the Company filed a definitive information statement relating to the proposed reverse stock split (the "Information Statement") pursuant to Regulation 14C under the Exchange Act. Concurrently with the filing of this Transaction Statement, the Company is filing a current report on Form 8-K (the "Current Report") reporting the entry by the Company and ERP2 into a letter agreement amending a promissory note issued by the Company to ERP2 that contemplates the effectuation of the proposed reverse stock split.

        The cross references below are being supplied pursuant to General Instruction G to Schedule 13E-3 and show the location in the Information Statement of the information required to be included in response to the Items of Schedule 13E-3. The information contained in the Information Statement, including all annexes thereto, and in the Current Report, including all exhibits thereto, is incorporated in its entirety herein by this reference, and the responses to each Item in this Transaction Statement are qualified in their entirety by the information contained in the Information Statement, including all annexes thereto and in the Current Report, including all exhibits thereto.

        All information contained in this Transaction Statement concerning the Fund, Southpaw Management, Southpaw Holdings, Kevin Wyman and Howard Golden has been provided by the Fund, Southpaw Management, Southpaw Holdings, Kevin Wyman and Howard Golden, respectively, and all information contained in this Transaction Statement concerning the Company has been provided by the Company. No Filing Person takes responsibility for the accuracy of any information not supplied by such Filing Person.

ITEM 1.    SUMMARY TERM SHEET.

        The information set forth in the Information Statement under the caption "Summary Term Sheet" is incorporated herein by reference.

ITEM 2.    SUBJECT COMPANY INFORMATION.

1



ITEM 3.    IDENTITY AND BACKGROUND OF FILING PERSON(S).


ITEM 4.    TERMS OF THE TRANSACTION.

2



ITEM 5.    PAST CONTACTS, TRANSACTIONS, NEGOTIATIONS AND AGREEMENTS.


ITEM 6.    PURPOSES OF THE TRANSACTION AND PLANS OR PROPOSALS.

3



ITEM 7.    PURPOSES, ALTERNATIVES, REASONS AND EFFECTS.

4



ITEM 8.    FAIRNESS OF THE TRANSACTION.

5


ITEM 9.    REPORTS, OPINIONS, APPRAISALS AND NEGOTIATIONS.


ITEM 10.    SOURCES AND AMOUNTS OF FUNDS OR OTHER CONSIDERATION.


ITEM 11.    INTEREST IN SECURITIES OF THE SUBJECT COMPANY.


ITEM 12.    THE SOLICITATION OR RECOMMENDATION.

6


ITEM 13.    FINANCIAL STATEMENTS.


ITEM 14.    PERSONS/ASSETS, RETAINED, EMPLOYED, COMPENSATED OR USED.


ITEM 15.    ADDITIONAL INFORMATION.


ITEM 16.    EXHIBITS.


(a)

 

Copy of letter to shareholders and Definitive Information Statement of the Company (incorporated by reference to the Schedule 14C filed by the Company on April 10, 2008).

(b)

 

Not applicable.

(c)

 

Not applicable.

(d)(1)

 

Summary of Terms between the Company and ERP2 Holdings, LLC, dated January 14, 2008 (incorporated by reference to Exhibit 10.25 to the Form 10-K filed by the Company on January 15, 2008).

(d)(2)

 

Warrant to Purchase Common Stock issued by the Company to ERP2 Holdings, LLC, dated January 14, 2008 (incorporated by reference to Exhibit 4.16 to the Form 10-K filed by the Company on January 15, 2008).

(d)(3)

 

Secured Promissory Note issued by the Company to ERP2 Holdings, LLC, dated January 31, 2008 (incorporated by reference to Exhibit 10.1 to the Form 8-K filed by the Company on February 6, 2008).

7



(d)(4)

 

First Amendment to the Secured Promissory Note Issued on March 15, 2002 by the Company to Spescom Ltd. and Assigned to ERP2 Holdings, LLC, dated January 31, 2008 (incorporated by reference to Exhibit 10.2 to the Form 8-K filed by the Company on February 6, 2008).

(d)(5)

 

First Amendment to the Secured Promissory Note Issued on April 19, 2002 by Enterprise Informatics Inc. to Spescom Ltd. and Assigned to ERP2 Holdings, LLC, dated January 31, 2008 (incorporated by reference to Exhibit 10.3 to the Form 8-K filed by the Company on February 6, 2008).

(d)(6)

 

Amended and Restated Security Agreement between the Company and ERP2 Holdings, LLC, dated January 31, 2008 (incorporated by reference to Exhibit 10.4 to the Form 8-K filed by the Company on February 6, 2008).

(d)(7)

 

Amended and Restated Pledge Agreement between the Company and ERP2 Holdings, LLC, dated January 31, 2008 (incorporated by reference to Exhibit 10.5 to the Form 8-K filed by the Company on February 6, 2008).

(d)(8)

 

Secured Promissory Note Issued on March 15, 2002 by the Company to Spescom Ltd. (incorporated by reference to Exhibit 10.29 to the Form 10-Q filed by the Company on May 15, 2002).

(d)(9)

 

Secured Promissory Note Issued on April 19, 2002 by the Company to Spescom Ltd. (incorporated by reference to Exhibit 10.34 to the Form 10-Q filed by the Company on August 14, 2002).

(d)(10)

 

Letter agreement between Enterprise Informatics Inc. and ERP2 Holdings, LLC, dated October 22, 2007 (incorporated by reference to Exhibit 10.1 to the Form 8-K filed by the Company on October 26, 2007).

(d)(11)

 

Securities Purchase Agreement by and among ERP2 Holdings, LLC, Spescom Ltd. and Spescom Limited, dated September 30, 2007 (incorporated by reference to Exhibit 2 to the Schedule 13D filed by ERP2 Holdings, LLC, Southpaw Credit Opportunities Master Fund LP, Southpaw Asset Management LP, Southpaw Holdings, LLC, Kevin Wyman and Howard Golden on October 10, 2007).

(d)(12)

 

Certificate of Determination of Series F Convertible Preferred Stock of the Company, dated September 29, 2003 (incorporated by reference to Exhibit 99.3 to the Form 8-K filed by the Company on October 10, 2003).

(d)(13)

 

Stock Purchase Agreement, dated January, 2000, by and between the Company and Spescom Limited (incorporated by reference to Annex A to the Schedule 14A filed by the Company on March 13, 2000).

(d)(14)

 

Subscription Agreement by and among the Company, Monarch Pointe Fund, Ltd. and Mercator Advisory Group, LLC, dated November 5, 2004 (incorporated by reference to Exhibit 10.1 to the Form 8-K filed by the Company on November 12, 2004).

(d)(15)

 

Subscription Agreement by and among the Company, Monarch Pointe Fund, Ltd. and M.A.G. Capital, LLC, dated October 25, 2005 (incorporated by reference to Exhibits 10.1 to the Form 8-K filed by the Company on October 31, 2005).

(d)(16)

 

Subscription Agreement by and among the Company, Monarch Pointe Fund, Ltd., Mercator Momentum Fund III, L.P. and M.A.G. Capital, LLC, dated March 10, 2006 (incorporated by reference to Exhibit 10.1 to the Form 8 K filed by the Company on March 16, 2006).

(d)(17)

 

Certificate of Determination of Series I Convertible Preferred Stock of the Company, dated March 9, 2006 (incorporated by reference to Exhibit 3.1 to the Form 8-K filed by the Company on March 16, 2006).

8



(d)(18)

 

Registration Rights Agreement by and among the Company, Monarch Pointe Fund, Ltd. and Mercator Advisory Group, LLC, dated November 5, 2004 (incorporated by reference to Exhibit 10.2 to the Form 8-K filed by the Company on November 12, 2004).

(d)(19)

 

Registration Rights Agreement by and among the Company, Monarch Pointe Fund, Ltd., Mercator Momentum Fund III, L.P. and M.A.G. Capital, LLC, dated March 10, 2006 (incorporated by reference to Exhibit 10.2 to the Form 8-K filed by the Company on March 16, 2006).

(d)(20)

 

Warrant to Purchase Common Stock issued by the Company to M.A.G. Capital, LLC, dated October 25, 2005 (incorporated by reference to Exhibit 10.4 to the Form 8-K filed by the Company on October 31, 2005).

(d)(21)

 

Warrant to Purchase Common Stock issued by the Company to Monarch Pointe Fund, Ltd., dated October 25, 2005 (incorporated by reference to Exhibit 10.5 to the Form 8-K filed by the Company on October 31, 2005).

(d)(22)

 

Warrant to Purchase Common Stock issued by the Company to M.A.G. Capital, LLC, dated March 10, 2006 (incorporated by reference to Exhibit 10.3 to the Form 8-K filed by the Company on March 16, 2006).

(d)(23)

 

Warrant to Purchase Common Stock issued by the Company to Monarch Pointe Fund, Ltd., dated March 10, 2006 (incorporated by reference to Exhibit 10.4 to the Form 8-K filed by the Company on March 16, 2006).

(d)(24)

 

Warrant to Purchase Common Stock issued by the Company to Mercator Momentum Fund III, L.P., dated March 10, 2006 (incorporated by reference to Exhibit 10.5 to the Form 8-K filed by the Company on March 16, 2006).

(d)(25)

 

Warrant to Purchase 550,000 shares of Common Stock issued by the Company to Cappello Capital Corp, dated November 5, 2004 (incorporated by reference to Exhibit 10.1 to the Form 8-K filed by the Company on January 28, 2005).

(d)(26)

 

Warrant to Purchase Common Stock issued by the Company to Liolios Group, Inc., dated March 31, 2006 (incorporated by reference to Exhibit 4.22 to the Form S-1 filed by the Company on April 7, 2006).

(d)(27)

 

Public Relations Agreement Between Liolios Group, Inc. and the Company dated November 15, 2005 (incorporated by reference to Exhibit 4.17 to the Form 10-K filed by the Company on January 4, 2006).

(d)(28)

 

Letter Amendment to Public Relations Agreement between Liolios Group, Inc. and the Company, dated March 31, 2006 (incorporated by reference to Exhibit 4.21 to the Form S-1 filed by the Company on April 7, 2006).

(d)(29)

 

Retention Agreement between the Company and John W. Low, dated April 27, 2006 (incorporated by reference to Exhibit 10.9 to the Form 10-Q filed by the Company on May 15, 2006).

(d)(30)

 

Retention Agreement between the Company and Glenn Cox, dated April 25, 2006 (incorporated by reference to Exhibit 10.10 to the Form 10-Q filed by the Company on May 15, 2006).

(d)(31)

 

Retention Agreement between the Company and Pierre DeWet, dated April 26, 2006 (incorporated by reference to Exhibit 10.11 to the Form 10-Q filed by the Company on May 15, 2006).

(d)(32)

 

Retention Agreement between the Company and Alan Kiraly, dated April 25, 2006 (incorporated by reference to Exhibit 10.12 to the Form 10-Q filed by the Company on May 15, 2006).

9



(d)(33)

 

Letter agreement between the Company and ERP2 Holdings, LLC, dated April 29, 2008 (incorporated by reference to Exhibit 10.1 to the Form 8-K filed by the Company concurrently with the filing of this Transaction Statement).

(f)

 

Not applicable.

(g)

 

Not applicable.

10



SIGNATURES

        After due inquiry and to the best of my knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.

Date: April 29, 2008   ENTERPRISE INFORMATICS INC.

 

 

By:

 

/s/  
JOHN W. LOW      
John W. Low
Chief Financial Officer

 

 

ERP2 HOLDINGS, LLC

 

 

By:

 

/s/  
KEVIN WYMAN      
Kevin Wyman
Majority Manager

 

 

SOUTHPAW CREDIT OPPORTUNITY MASTER FUND LP

 

 

By:

 

SOUTHPAW GP LLC,
its general partner

 

 

 

 

By:

/s/  
KEVIN WYMAN      
Kevin Wyman
Managing Member

 

 

SOUTHPAW ASSET MANAGEMENT LP

 

 

By:

 

SOUTHPAW HOLDINGS LLC,
its general partner

 

 

 

 

By:

/s/  
KEVIN WYMAN      
Kevin Wyman
Managing Member

 

 

SOUTHPAW HOLDINGS, LLC

 

 

By:

 

/s/  
KEVIN WYMAN      
Kevin Wyman
Managing Member

 

 

/s/  
KEVIN WYMAN      
Kevin Wyman

 

 

/s/  
HOWARD GOLDEN      
Howard Golden


EXHIBIT INDEX


(a)

 

Copy of letter to shareholders and Definitive Information Statement of the Company (incorporated by reference to the Schedule 14C filed by the Company on April 10, 2008).

(b)

 

Not applicable.

(c)

 

Not applicable.

(d)(1)

 

Summary of Terms between the Company and ERP2 Holdings, LLC, dated January 14, 2008 (incorporated by reference to Exhibit 10.25 to the Form 10-K filed by the Company on January 15, 2008).

(d)(2)

 

Warrant to Purchase Common Stock issued by the Company to ERP2 Holdings, LLC, dated January 14, 2008 (incorporated by reference to Exhibit 4.16 to the Form 10-K filed by the Company on January 15, 2008).

(d)(3)

 

Secured Promissory Note issued by the Company to ERP2 Holdings, LLC, dated January 31, 2008 (incorporated by reference to Exhibit 10.1 to the Form 8-K filed by the Company on February 6, 2008).

(d)(4)

 

First Amendment to the Secured Promissory Note Issued on March 15, 2002 by the Company to Spescom Ltd. and Assigned to ERP2 Holdings, LLC, dated January 31, 2008 (incorporated by reference to Exhibit 10.2 to the Form 8-K filed by the Company on February 6, 2008).

(d)(5)

 

First Amendment to the Secured Promissory Note Issued on April 19, 2002 by Enterprise Informatics Inc. to Spescom Ltd. and Assigned to ERP2 Holdings, LLC, dated January 31, 2008 (incorporated by reference to Exhibit 10.3 to the Form 8-K filed by the Company on February 6, 2008).

(d)(6)

 

Amended and Restated Security Agreement between the Company and ERP2 Holdings, LLC, dated January 31, 2008 (incorporated by reference to Exhibit 10.4 to the Form 8-K filed by the Company on February 6, 2008).

(d)(7)

 

Amended and Restated Pledge Agreement between the Company and ERP2 Holdings, LLC, dated January 31, 2008 (incorporated by reference to Exhibit 10.5 to the Form 8-K filed by the Company on February 6, 2008).

(d)(8)

 

Secured Promissory Note Issued on March 15, 2002 by the Company to Spescom Ltd. (incorporated by reference to Exhibit 10.29 to the Form 10-Q filed by the Company on May 15, 2002).

(d)(9)

 

Secured Promissory Note Issued on April 19, 2002 by the Company to Spescom Ltd. (incorporated by reference to Exhibit 10.34 to the Form 10-Q filed by the Company on August 14, 2002).

(d)(10)

 

Letter agreement between Enterprise Informatics Inc. and ERP2 Holdings, LLC, dated October 22, 2007 (incorporated by reference to Exhibit 10.1 to the Form 8-K filed by the Company on October 26, 2007).

(d)(11)

 

Securities Purchase Agreement by and among ERP2 Holdings, LLC, Spescom Ltd. and Spescom Limited, dated September 30, 2007 (incorporated by reference to Exhibit 2 to the Schedule 13D filed by ERP2 Holdings, LLC, Southpaw Credit Opportunities Master Fund LP, Southpaw Asset Management LP, Southpaw Holdings, LLC, Kevin Wyman and Howard Golden on October 10, 2007).

(d)(12)

 

Certificate of Determination of Series F Convertible Preferred Stock of the Company, dated September 29, 2003 (incorporated by reference to Exhibit 99.3 to the Form 8-K filed by the Company on October 10, 2003).


(d)(13)

 

Stock Purchase Agreement, dated January, 2000, by and between the Company and Spescom Limited (incorporated by reference to Annex A to the Schedule 14A filed by the Company on March 13, 2000).

(d)(14)

 

Subscription Agreement by and among the Company, Monarch Pointe Fund, Ltd. and Mercator Advisory Group, LLC, dated November 5, 2004 (incorporated by reference to Exhibit 10.1 to the Form 8-K filed by the Company on November 12, 2004).

(d)(15)

 

Subscription Agreement by and among the Company, Monarch Pointe Fund, Ltd. and M.A.G. Capital, LLC, dated October 25, 2005 (incorporated by reference to Exhibits 10.1 to the Form 8-K filed by the Company on October 31, 2005).

(d)(16)

 

Subscription Agreement by and among the Company, Monarch Pointe Fund, Ltd., Mercator Momentum Fund III, L.P. and M.A.G. Capital, LLC, dated March 10, 2006 (incorporated by reference to Exhibit 10.1 to the Form 8 K filed by the Company on March 16, 2006).

(d)(17)

 

Certificate of Determination of Series I Convertible Preferred Stock of the Company, dated March 9, 2006 (incorporated by reference to Exhibit 3.1 to the Form 8-K filed by the Company on March 16, 2006).

(d)(18)

 

Registration Rights Agreement by and among the Company, Monarch Pointe Fund, Ltd. and Mercator Advisory Group, LLC, dated November 5, 2004 (incorporated by reference to Exhibit 10.2 to the Form 8-K filed by the Company on November 12, 2004).

(d)(19)

 

Registration Rights Agreement by and among the Company, Monarch Pointe Fund, Ltd., Mercator Momentum Fund III, L.P. and M.A.G. Capital, LLC, dated March 10, 2006 (incorporated by reference to Exhibit 10.2 to the Form 8-K filed by the Company on March 16, 2006).

(d)(20)

 

Warrant to Purchase Common Stock issued by the Company to M.A.G. Capital, LLC, dated October 25, 2005 (incorporated by reference to Exhibit 10.4 to the Form 8-K filed by the Company on October 31, 2005).

(d)(21)

 

Warrant to Purchase Common Stock issued by the Company to Monarch Pointe Fund, Ltd., dated October 25, 2005 (incorporated by reference to Exhibit 10.5 to the Form 8-K filed by the Company on October 31, 2005).

(d)(22)

 

Warrant to Purchase Common Stock issued by the Company to M.A.G. Capital, LLC, dated March 10, 2006 (incorporated by reference to Exhibit 10.3 to the Form 8-K filed by the Company on March 16, 2006).

(d)(23)

 

Warrant to Purchase Common Stock issued by the Company to Monarch Pointe Fund, Ltd., dated March 10, 2006 (incorporated by reference to Exhibit 10.4 to the Form 8-K filed by the Company on March 16, 2006).

(d)(24)

 

Warrant to Purchase Common Stock issued by the Company to Mercator Momentum Fund III, L.P., dated March 10, 2006 (incorporated by reference to Exhibit 10.5 to the Form 8-K filed by the Company on March 16, 2006).

(d)(25)

 

Warrant to Purchase 550,000 shares of Common Stock issued by the Company to Cappello Capital Corp, dated November 5, 2004 (incorporated by reference to Exhibit 10.1 to the Form 8-K filed by the Company on January 28, 2005).

(d)(26)

 

Warrant to Purchase Common Stock issued by the Company to Liolios Group, Inc., dated March 31, 2006 (incorporated by reference to Exhibit 4.22 to the Form S-1 filed by the Company on April 7, 2006).

(d)(27)

 

Public Relations Agreement Between Liolios Group, Inc. and the Company dated November 15, 2005 (incorporated by reference to Exhibit 4.17 to the Form 10-K filed by the Company on January 4, 2006).


(d)(28)

 

Letter Amendment to Public Relations Agreement between Liolios Group, Inc. and the Company, dated March 31, 2006 (incorporated by reference to Exhibit 4.21 to the Form S-1 filed by the Company on April 7, 2006).

(d)(29)

 

Retention Agreement between the Company and John W. Low, dated April 27, 2006 (incorporated by reference to Exhibit 10.9 to the Form 10-Q filed by the Company on May 15, 2006).

(d)(30)

 

Retention Agreement between the Company and Glenn Cox, dated April 25, 2006 (incorporated by reference to Exhibit 10.10 to the Form 10-Q filed by the Company on May 15, 2006).

(d)(31)

 

Retention Agreement between the Company and Pierre DeWet, dated April 26, 2006 (incorporated by reference to Exhibit 10.11 to the Form 10-Q filed by the Company on May 15, 2006).

(d)(32)

 

Retention Agreement between the Company and Alan Kiraly, dated April 25, 2006 (incorporated by reference to Exhibit 10.12 to the Form 10-Q filed by the Company on May 15, 2006).

(d)(33)

 

Letter agreement between the Company and ERP2 Holdings, LLC, dated April 29, 2008 (incorporated by reference to Exhibit 10.1 to the Form 8-K filed by the Company concurrently with the filing of this Transaction Statement).

(f)

 

Not applicable.

(g)

 

Not applicable.



QuickLinks

INTRODUCTION
SIGNATURES
EXHIBIT INDEX