SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

F O R M  6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR
15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of November 2009

STARLIMS Technologies Ltd.
(Name of Registrant)

32B Habarzel Street, Tel Aviv 69710, Israel
(Address of Principal Executive Office)

         Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F x Form 40-F o

         Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): o

         Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): o

         Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes o No x

         If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- __________

STARLIMS Technologies Ltd.

6-K Items

  1. Press release: STARLIMS Announces Third Quarter 2009 Financial Results; dated November 17, 2009

ITEM 1

STARLIMS Announces Third Quarter 2009 Financial Results

Hollywood, Florida – November 17, 2009 – STARLIMS Technologies Ltd. (NASDAQ:LIMS), a leading provider of laboratory information management systems (LIMS), today announced financial results for the third quarter of fiscal 2009 ended September 30, 2009.

Total revenue for the third quarter of 2009 was $7.7 million, an increase of 49.5% from the $5.1 million reported in the third quarter of 2008. Product revenue for the third quarter of 2009 was $4.7 million, an increase of 60.1% from $3.0 million reported in the same period a year ago. Services revenue for the third quarter of 2009 was $2.9 million, up 35.0% from the $2.2 million reported in the same period a year ago.

Revenue for the first nine months of 2009 was $22.0 million, an increase of 20.3% compared to $18.3 million for the first nine months of 2008. Product revenues for the first nine months of 2009 were $13.1 million, an increase of 15.6% compared to $11.3 million in the first nine months of 2008. Services revenue for the first nine months of 2009 was $8.9 million, an increase of 28.1% compared to $6.9 million for the first nine months of 2008.

“This was a solid quarter for STARLIMS, and we saw ongoing stabilization in business conditions. Our forensic offerings, including our appliance, are gaining traction and expanding our market opportunity. We also had several customers return to expand their licensing agreements having completed initial projects,” said Itschak Friedman, CEO of STARLIMS.

GAAP operating income for the third quarter of 2009 was $1.5 million, or 19.6% of revenue, compared to GAAP operating loss of $79 thousand for the third quarter of 2008. GAAP net income for the third quarter of 2009 was $1.8 million, or $0.21 per diluted share, compared to $39 thousand and breakeven, respectively, in the third quarter of 2008. GAAP operating income for the first nine months of 2009 was $4.2 million or 19% of revenues, compared to $1.7 million or 9.1% of revenues for the first nine months of 2008. GAAP net income for the first nine months of 2009 was $4.8 million, or $0.56 per diluted share, compared to GAAP net income of $2.2 million, or $0.25 per diluted share, for the first nine months of 2008.

Non-GAAP operating income for the third quarter of 2009 was $1.7 million, or 21.7% of revenue, compared to $44 thousand, or 0.9% of revenue, for the third quarter of 2008. Non-GAAP net income for the third quarter of 2009 was $1.9 million, or $0.22 per diluted share, an increase from $0.1 million and $0.01, respectively, in the third quarter of 2008. Non-GAAP operating income for the first nine months of 2009 was $4.7 million or 21.2% of revenues, compared to $2.0 million or 11.2% of revenues for the first nine months of 2008. Non-GAAP net income for the first nine months of 2009 was $5.1 million, or $0.60 per diluted share, compared to non-GAAP net income of $2.5 million, or $0.28 per diluted share, for the first nine months of 2008.

The tables at the end of this press release include a reconciliation of GAAP to non-GAAP income from operations and net income for the third quarter and first nine months of fiscal years 2009 and 2008.

Cash, cash equivalents, deposits and marketable securities amounted to $33.1 million on September 30, 2009, compared to $30.8 million on June 30, 2009. The Company generated $1.9 million in cash flow from operations for the third quarter of 2009.

“The strength of our revenues, combined with ongoing operational efficiencies, resulted in continued strong operating margins for the third quarter. We believe we can expand Non-GAAP operating margins for the full year to the high teens as a percentage of revenue,” said Chaim Friedman, chief financial officer of STARLIMS. “Given the strength in our revenue year to date, we expect to significantly outgrow our market and return to double digit top line growth for the full year.”

Note on Use of Non-GAAP Financial Information

To supplement the consolidated financial statements presented in accordance with generally accepted accounting principles, or GAAP, STARLIMS uses non-GAAP measures of gross margin, net income and earnings per share, which are adjustments from results based on GAAP to exclude non recurring expenses, non-cash equity based compensation in accordance with SFAS 123(R) and amortization of intangibles related to acquisitions. Our management believes that the non-GAAP financial information provided in this release can assist investors in understanding and assessing the Company’s on-going core operations and prospects for the future. The presentation of this non-GAAP financial information is not intended to be considered in isolation or as a substitute for results prepared in accordance with GAAP. Our management also uses both GAAP and non-GAAP information in evaluating and operating business internally and as such deemed it important to provide all this information to investors. Reconciliation between GAAP to non-GAAP statement of income is provided in the table below.

Conference Call and Webcast Information

STARLIMS will host a live webcast of its third quarter fiscal year 2009 financial results conference call on Tuesday, November 17, 2009 at 8:30 a.m. Eastern Time (15:30 Israeli Time). The listen-only webcast can be accessed from the Investor Relations page of the company’s website at http://www.starlims.com. Those interested in participating in the call and the question and answer session should dial 480-629-9722, or if calling from Israel should dial 1-809-34-4019.

The webcast will be archived for a limited time on the STARLIMS Technologies Investor Relations page of the company’s website at http://www.starlims.com starting at 11:00 a.m. Eastern Time (18:00 Israeli Time) on Tuesday, November 17, 2009.

About STARLIMS

STARLIMS Technologies Ltd. (Nasdaq: LIMS) is a leading provider of laboratory information management systems (LIMS), with over 20 years of LIMS experience. The Company’s flagship product, STARLIMS®, improves the reliability of laboratory sampling processes, supports compliance with domestic and international regulations and industry standards, and provides comprehensive reporting, monitoring and analysis capabilities. STARLIMS software is used for quality assurance and control, testing and monitoring, and research and development in government, manufacturing and life sciences organizations. With operations in the United States, Canada, the United Kingdom, Israel and Hong Kong, the company serves over 500 organizations in 40 countries. For more information, please see http://www.starlims.com .

Safe Harbor for Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties which could cause the actual results, performance or achievements of the Company to be materially different from those which may be expressed or implied by such statements, including, among others, changes in general economic and business conditions, changes in demand for products and services, the timing and amount or cancellation of orders, loss of market share and other risks detailed in STARLIMS’s filings from time to time with the Securities and Exchange Commission. Such filings contain and identify these and other important factors that could cause actual results to differ materially from those contained in our projections or forward-looking statements. Shareholders and other readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of today.

STARLIMS TECHNOLOGIES LTD.
CONDENSED CONSOLIDATED BALANCE SHEETS
(U.S. dollars in thousands, except share data and per share data)

December 31,
September 30,
2008
2009
Audited Unaudited
 
         ASSETS            
Current Assets    
Cash and cash equivalents       21,942     16,784  
Short-term deposits       1,191     1,220  
Restricted short-term deposits       338     37  
Marketable securities       5,686     13,208  
Accounts receivable (net of allowance    
     for doubtful accounts of $238 and $236, respectively)       10,341     11,527  
Other current assets       2,891     2,874  
Total current assets       42,389     45,650  
     
Long-Term Assets    
Marketable securities - held-to-maturity       1,608     1,802  
Other long-term assets       949     725  
Fixed assets, net       1,416     1,288  
Goodwill       2,227     2,264  
Other intangible assets, net       213     142  
Total long-term assets       6,413     6,221  
Total assets       48,802     51,871  
     
         LIABILITIES AND SHAREHOLDERS' EQUITY    
     
Current Liabilities    
Trade accounts payable       934     647  
Deferred revenues       2,876     3,848  
Other current liabilities and accrued expenses       2,228     2,648  
Total current liabilities       6,038     7,143  
     
Long-Term Liabilities    
Long-term deferred revenues       251     65  
Accrued severance pay       19     48  
Deferred taxes       483     136  
Total long-term liabilities       753     249  
     
Shareholders' Equity    
Ordinary shares, NIS 1.00 par value;    
authorized 15,000,000 shares; issued 9,997,919 and 10,019,169 shares,    
respectively ; outstanding 8,407,742 and 8,437,492 shares, respectively       3,152     3,157  
Additional paid-in capital       31,355     31,788  
Accumulated other comprehensive income       (27 )   (92 )
Retained earnings       12,198     14,238  
Treasury stock, at cost - 1,590,177 and 1,581,677 ordinary shares, respectively       (4,667 )   (4,612 )
Total shareholders' equity       42,011     44,479  
Total liabilities and shareholders' equity       48,802     51,871  

STARLIMS TECHNOLOGIES LTD.
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(U.S. dollars in thousands, except share data and per share data)
(Unaudited)

Nine Months Ended
Three Months Ended
September 30,
September 30,
2008
2009
2008
2009
 
Revenues                    
    Software licensing     $ 7,566   $ 8,442   $ 1,518   $ 3,129  
    Maintenance       3,768     4,655     1,445     1,614  
        Total product revenues       11,334     13,097     2,963     4,743  
    Services       6,917     8,859     2,173     2,933  
        Total revenues       18,251     21,956     5,136     7,676  
     
Cost of revenues    
    Cost of products       291     127     79     29  
    Cost of services       6,689     7,219     2,237     2,450  
        Total cost of revenues       6,980     7,346     2,316     2,479  
     
Gross profit       11,271     14,610     2,820     5,197  
     
Operating expenses    
    Research and development       2,590     2,846     901     1,031  
    Selling and marketing       4,494     4,775     1,215     1,687  
    General and administrative       2,519     2,811     783     975  
        Total operating expenses       9,603     10,432     2,899     3,693  
     
Operating income (loss)       1,668     4,178     (79 )   1,504  
     
 Financial income, net       988     1,632     122     649  
     
Income before income taxes       2,656     5,810     43     2,153  
     
Income tax expense       452     992     4     330  
Net income     $ 2,204   $ 4,818   $ 39   $ 1,823  
     
Basic earnings per share     $ 0.25   $ 0.57   $ 0.00   $ 0.22  
     
Weighted average number of ordinary shares used in    
computing basic earnings per share       8,654,746     8,424,835     8,540,744     8,436,888  
Diluted earnings per share     $ 0.25   $ 0.56   $ 0.00   $ 0.21  
Weighted average number of ordinary shares used in    
computing diluted earnings per share       8,731,612     8,602,225     8,643,104     8,638,531  

STARLIMS TECHNOLOGIES LTD.
NON-GAAP CONSOLIDATED
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(U.S. dollars in thousands, except share data and per share data)
(Unaudited)

Nine Months Ended
Three Months Ended
September 30,
September 30,
2008
2009
2008
2009
 
Revenues                    
  Software licensing     $ 7,566   $ 8,442   $ 1,518   $ 3,129  
  Maintenance       3,768     4,655     1,445     1,614  
    Total product revenues       11,334     13,097     2,963     4,743  
  Services       6,917     8,859     2,173     2,933  
    Total revenues       18,251     21,956     5,136     7,676  
     
Cost of revenues    
  Cost of products       291     127     79     29  
  Cost of services       6,582     7,109     2,201     2,413  
    Total cost of revenues       6,873     7,236     2,280     2,442  
     
Gross profit       11,378     14,720     2,856     5,234  
     
Operating expenses    
  Research and development       2,550     2,787     887     1,012  
  Selling and marketing       4,311     4,550     1,157     1,613  
  General and administrative       2,469     2,722     768     947  
    Total operating expenses       9,330     10,059     2,812     3,572  
      
Operating income       2,048     4,661     44     1,662  
     
 Financial income, net       988     1,632     122     649  
     
Income before income taxes       3,036     6,293     166     2,311  
     
Income tax expense       581     1,152     46     382  
Net income     $ 2,455   $ 5,141   $ 120   $ 1,929  
Basic earnings per share     $ 0.28   $ 0.61   $ 0.01   $ 0.23  
Weighted average number of ordinary shares used in    
computing basic earnings per share       8,654,746     8,424,835     8,540,744     8,436,888  
     
Diluted earnings per share     $ 0.28   $ 0.60   $ 0.01   $ 0.22  
Weighted average number of ordinary shares used in    
computing diluted earnings per share       8,731,612     8,602,225     8,643,104     8,638,531  

STARLIMS TECHNOLOGIES LTD.
RECONCILIATION BETWEEN GAAP AND NON-GAAP CONSOLIDATED
STATEMENT OF INCOME
(Unaudited)

Nine Months Ended
Three Months Ended
September 30,
September 30,
2008
2009
2008
2009
 
GAAP total Cost of revenues       6,980     7,346     2,316     2,479  
     Stock based compensation expenses       (107 )   (110 )   (36 )   (37 )
NON-GAAP total cost of revenues       6,873     7,236     2,280     2,442  
     
GAAP Research and Development expenses       2,590     2,846     901     1,031  
     Stock based compensation expenses       (40 )   (59 )   (14 )   (19 )
NON-GAAP Research and Development expenses       2,550     2,787     887     1,012  
     
GAAP Selling and marketing expenses       4,494     4,775     1,215     1,687  
     Stock based compensation expenses       (183 )   (225 )   (58 )   (74 )
NON-GAAP Selling and marketing expenses       4,311     4,550     1,157     1,613  
     
GAAP General and administrative expenses       2,519     2,811     783     975  
     Stock based compensation expenses       (20 )   (18 )   (7 )   (6 )
     Amortization of purchased intangible assets       (30 )   (71 )   (8 )   (22 )
NON-GAAP General and administrative expenses       2,469     2,722     768     947  
     
GAAP total tax expenses       452     992     4     330  
     Stock based compensation expenses       129     160     42     52  
NON-GAAP total tax expenses       581     1,152     46     382  

STARLIMS TECHNOLOGIES LTD.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(U.S. dollars in thousands)

Nine Months Ended
Three Months Ended
September 30,
September 30,
2008
2009
2008
2009
 
CASH FLOWS - OPERATING ACTIVITIES                    
Net income     $ 2,204   $ 4,818   $ 39   $ 1,823  
     
Adjustments to reconcile net income to cash provided by (used in)
operating activities: 		   
     Depreciation and amortization       419     408     137     136  
     Stock-based compensation       349     411     113     135  
    Loses (gains) related to marketable securities       (157 )   (1,065 )   77     (379 )
     Increase in accrued severance pay       26     29     16     16  
     Deferred income taxes       (362 )   (105 )   (164 )   (78 )
     Capital loss from sales of fixed assets       2     -     2     -  
     The effect of exchange rate changes       (149 )   (103 )   23     19  
Changes in assets and liabilities:    
     Decrease (increase) in trade receivables       155     (1,181 )   1,551     (874 )
     Increase (decrease) in allowance for doubtful accounts       16     (2 )   (27 )   20  
     Decrease (increase) in other current assets       (608 )   197     (588 )   458  
     Increase (decrease) in trade accounts payable       305     32     (135 )   211  
     Increase (decrease) in deferred revenues       657     786     (164 )   348  
     Increase (decrease) in other current liabilities       (2,075 )   (29 )   (94 )   111  
     Net cash provided by operating activities       782     4,196     786     1,946  
     
CASH FLOWS - INVESTING ACTIVITIES    
Investments in marketable securities       (587 )   (9,185 )   (414 )   (1,189 )
Proceeds from sale of marketable securities       592     2,534     -     402  
Investment in held-to-maturity marketable securities       (428 )   -     -     -  
Investments in deposits, net       41     269     (3 )   (2 )
Loans to employees, net       (122 )   106     (52 )   (26 )
Purchase of fixed assets       (283 )   (190 )   (40 )   (97 )
Proceeds from sale of fixed assets       11     -     11     -  
Acquisition of subsidiaries, net of cash acquired, and business operation       (918 )   (251 )   -     -  
Purchase of other intangible assets       (50 )   (25 )   (25 )   -  
      Net cash used in investing activities       (1,744 )   (6,742 )   (523 )   (912 )
     
CASH FLOWS - FINANCING ACTIVITIES    
Purchase of treasury stocks by the Company       (1,549 )   -     (241 )   -  
Proceeds from issuing of shares against exercise of options       8     51     -     -  
     
Proceeds from sale of treasury stock against exercise of options       15     31     15     18  
Dividends paid       (2,918 )   (2,681 )   -     -  
     Net cash provided by (used in) financing activities       (4,444 )   (2,599 )   (226 )   18  
     
THE EFFECT OF EXCHANGE RATE CHANGES ON CASH AND
CASH EQUIVALENTS 		      (66 )   (13 )   (18 )   53  
 Increase (decrease) in cash and cash equivalents       (5,472 )   (5,158 )   19     1,105  
     
Cash and cash equivalents at the beginning of the period       31,704     21,942     26,213     15,679  
Cash and cash equivalents at the end of the period     $ 26,232   $ 16,784   $ 26,232   $ 16,784  

NOTE 1 - SEGMENTAL DISCLOSURE

         Revenues by geographical areas

Nine Months Ended
Three Months Ended
September 30,
September 30,
2008
2009
2008
2009
(Unaudited) (Unaudited) (Unaudited) (Unaudited)
 
North America     $ 13,340   $ 14,472   $ 3,748   $ 4,498  
Latin America       751     539     230     211  
Europe       2,392     3,560     760     870  
Asia       1,635     3,272     365     2,068  
Israel       133     113     33     29  
      $ 18,251   $ 21,956   $ 5,136   $ 7,676  

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, thereunto duly authorized.

STARLIMS Technologies Ltd.
(Registrant)


By: /s/ Chaim Friedman
——————————————
Chaim Friedman
Chief Financial Officer

Date: November 17, 2009

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