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UNITED STATES SECURITIES AND
    EXCHANGE COMMISSION
 Washington, D.C.
    20549
      Form 10-K/A
 (Amendment
    No. 1)
      (Mark One)þ

ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
    SECURITIES EXCHANGE ACT OF 1934For the Fiscal Year Ended
    December 31, 2006ORo

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
    SECURITIES EXCHANGE ACT OF 1934For the Transition Period
    from          to   Commission File Number:
    001-33210
 Transforma Acquisition Group
    Inc.
 (Exact name of registrant as
    specified in its charter)
  Delaware

20-5389307(State or other jurisdiction
    of
    incorporation or organization)

(I.R.S. Employer
    Identification Number)350 Park Avenue,
    10th Floor
    New York, NY(Address of principal
    executive offices)

10022(Zip
    Code)   Registrants telephone number, including area code:
 (646) 521-7805
  Securities registered pursuant to Section 12(b) of the
    Act:
  Title of Each Class

Name of Each Exchange on Which RegisteredUnits

American Stock ExchangeCommon Stock, par value
    $0.0001 per share

American Stock ExchangeWarrants

American Stock Exchange   Securities registered pursuant to Section 12(g) of the
    Act:
 None
  o þ
  o þ
  þ o
  Regulation S-K Form 10-K Form 10-K. þ
  Rule 12b-2
 o o þ
  Rule 12b-2 þ o




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Explanatory
    Note
  Form 10-K Form 10-K




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##### 



TABLE OF
    CONTENTS
  
  PagePART III


2Item 10.  Directors,
    Executive Officers and Corporate Governance


2Item 11.  Executive
    Compensation


5Item 12.  Security
    Ownership of Certain Beneficial Owners and Management and
    Related Stockholder Matters


6Item 13.  Certain
    Relationships and Related Transactions, and Director
    Independence


8Item 14.  Principal
    Accounting Fees and Services


8PART IV


9Item 15.  Exhibits
    and Financial Statements


9SIGNATURES


10EXHIBIT
    INDEX


11EXHIBIT 31.3EXHIBIT 31.4   1




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##### Table of Contents



PART III  Item 10.
    Directors,
    Executive Officers and Corporate Governance  DIRECTORS
    AND EXECUTIVE OFFICERS
    DIRECTORS
  Name

Age

Position

Director SinceGordon E. Eubanks, Jr.


60


Chairman of the Board


2006Daniel L. Burstein(1)(2)


53


Director


2006Dale Kutnick(1)(2)


56


Director


2006Larry J. Lenhart


43


President, Chief Executive Officer
    and Director


2006Samuel L. Schwerin(1)


34


Director


2006John Sculley(2)


62


Director


2006   EXECUTIVE
    OFFICERS
  Name

Age

PositionGordon E. Eubanks, Jr.


60


Chairman of the BoardLarry J. Lenhart


43


President, Chief Executive Officer
    and DirectorJon Lambert


43


Treasurer and Secretary     (1)
    
    Member of the Audit Committee(2)
    
    Member of the Nominating Committee  Business
    Experience
  Gordon E. Eubanks, Jr.
  Daniel L. Burstein
 2




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tm
  Dale Kutnick
  Larry J. Lenhart Executive-in-Residence
  Samuel L. Schwerin voice-over-IP
 3




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John Sculley voice-over-IP
  Jon Lambert
     4




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Membership
    and Meetings of Board of Directors and Board
    Committees
  Board of Directors.
    Form S-1
  Audit Committee. Rule 10A-3
  Nominating Committee.
  Section 16(a)
    Beneficial Ownership Reporting Compliance
      Item 11.
    Executive
    Compensation  Compensation
    Discussion and Analysis
   5




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Compensation
    Committee Report
  Regulation S-K. Form 10-K
         Item 12.
    Security
    Ownership of Certain Beneficial Owners and Management and
    Related Stockholder Matters    
    each stockholder known by us to be the beneficial owner of more
    than 5% of our common stock;
    each of our current directors;
    each of our Named Executive Officers, as such term
    is defined under the rules of the SEC; and
    all current directors and executive officers as a group.   6




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Shares Beneficially OwnedNumber of


Percent ofName of Beneficial Owner

Shares


ClassDirectors and Named Executive
    OfficersLarry J. Lenhart


468,750



3.00
%Daniel L. Burstein(1)


546,875



3.50
%Samuel L. Schwerin(1)


546,875



3.50
%Jon Lambert


113,426



*Ashanti Capital Partners, LLC(2)


437,500



2.80
%John Sculley(3)


437,500



2.80
%Gordon E. Eubanks, Jr.


437,500



2.80
%Dale Kutnick


273,437



1.75
%S&B Investment Management
    Group, LLC(4)


206,885



1.32
%All current executive officers and
    directors as a group (7 persons)


3,031,248



19.40
%All 5% OwnersFir Tree Inc.(5)


915,000



5.86
%JANA Partners LLC(6)


1,000,000



6.40
%Silver Point Capital, L.P(7)


1,875,000



12.00
%Satellite Advisors, L.L.C.,
    et al(8)


1,250,000



8.00
%Jonathan M. Glaser, et al(9)


1,333,000



8.53
%     *
    
    Less than 1%.(1)
    
    Daniel L. Burstein and Samuel L. Schwerin, as members of
    S&B Investment Management Group, LLC, may be deemed to be
    beneficial owners of the shares held by S&B Investment
    Management Group, LLC.(2)
    
    John Sculley, as the sole member of Ashanti Capital Partners,
    LLC, may be deemed to be the beneficial owner of the shares held
    by Ashanti Capital Partners, LLC.(3)
    
    Represents shares issued to Ashanti Capital Partners, LLC. See
    footnote (2) above.(4)
    
    Daniel L. Burstein and Samuel L. Schwerin, as members of S&B
    Investment Management Group, LLC, may be deemed to be beneficial
    owners of the shares held by S&B Investment Management
    Group, LLC.(5)
    
    Derived from a joint filing of a Schedule 13G on
    December 12, 2006 by Fir Tree, Inc., Fir Tree Recovery
    Mastery Fund, L.P. and Sapling, LLC reporting shared power to
    vote or direct the vote over and shared power to dispose of or
    direct the disposition of 915,000 shares. The address of
    the business office of Fir Tree, Inc. is 505 Fifth Avenue,
    23rd Floor, New York, NY 10017.(6)
    
    Derived from a filing of a Schedule 13G on January 4,
    2007 by JANA Partners LLC reporting sole power to vote or direct
    the vote over and sole power to dispose of or direct the
    disposition of 1,000,000 shares. The address of the
    business office for JANA Partners LLC is 200 Park Avenue,
    Suite 3300, New York, NY 10166.(7)
    
    Derived from a joint filing of a Schedule 13G on
    February 13, 2007 by Silver Point Capital, L.P.,
    Mr. Edward A. Mule and Robert J. OShea with respect
    to the ownership of the shares of Common Stock by Silver Point 7




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Capital Fund, L.P. and Silver Point Capital Offshore Fund, Ltd.
    The address of the business office for each of these persons is
    Two Greenwich Plaza,
    1st Floor,
    Greenwich, CT 06830.  (8)
    
    Derived from a joint filing of a Schedule 13G on
    February 14, 2007 by Satellite Advisors, L.L.C., and
    certain related entities, reporting sole power to vote or direct
    the vote over and sole power to dispose of or direct the
    disposition of 4,063,625 shares. The address of the
    business office of Satellite Advisors, L.L.C. is 623 Fifth
    Avenue,
    19th Floor,
    New York, NY 10022.(9)
    
    Derived from a joint filing of a Schedule 13G on
    April 12, 2007 by Jonathan M. Glaser and certain related
    entities and individuals, reporting shared power to vote or
    direct the vote over and shared power to dispose of or direct
    the disposition of 1,333,000 shares. The address of the
    business office of Mr. Glaser is 11601 Wilshire Boulevard,
    Suite 2180, Los Angeles, CA 90025.  Item 13.
    Certain
    Relationships and Related Transactions, and Director
    Independence  Transactions
    with Related Persons
      Item 14.
    Principal
    Accounting Fees and Services    Audit and
    Related Fees
  Audit
    Fees
  Form 10-Q
  Audit-Related
    Fees
   8




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Tax
    Fees
    All
    Other Fees
    Policy on
    Audit Committee Pre-Approval of Services Performed by
    Independent Registered Public Accounting Firm
  case-by-case
   Part IV  Item 15.
    Exhibits
    and Financial Statements  ExhibitNumber

Description of Document31
.3

Certification of the Principal
    Executive Officer Pursuant to
    Rule 13a-14(a)/15d-14(a)31
.4

Certification of the Principal
    Financial Officer Pursuant to
    Rule 13a-14(a)/15d-14(a)  9




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SIGNATURES  Form 10-K,
    By:
    /s/  Larry
    J. Lenhart    10




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EXHIBIT INDEX
    TO THIS AMENDMENT NO. 1 TO ANNUAL REPORT ON
    FORM 10-K
    FOR THE FISCAL YEAR ENDED DECEMBER 31, 2006  ExhibitNumber

Description of Document31
.3

Certification of the Principal
    Executive Officer Pursuant to
    Rule 13a-14(a)/15d-14(a)31
.4

Certification of the Principal
    Financial Officer Pursuant to
    Rule 13a-14(a)/15d-14(a)  11