UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20649


                                   FORM 10-QSB


[X]    QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
       EXCHANGE ACT OF 1934.

       For the quarterly period ended March 31, 2007.

       OR

[ ]    TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT

       For the transition period from                    to
                                      ------------------    ------------------


                       Commission File No. -- 33-131110-NY

                               4net Software, Inc.
        -----------------------------------------------------------------
        (Exact Name of Small Business Issuer as Specified in its Charter)


           DELAWARE                                   22-1895668
 ------------------------------                   ------------------
 State or other jurisdiction of                    (I.R.S. Employer
 incorporation or organization                    Identification No.)



                 100 Mill Plain Road, Danbury, Connecticut 06811
            ---------------------------------------------------------
                    (Address of Principal Executive Offices)


                                 (203) 791-3872
            ---------------------------------------------------------
                          (Issuer's Telephone Number)


Check whether the issuer (1) filed all reports required to be filed by Section
13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter
period that the registrant was required to file such reports), and (2) has been
subject to such filing requirements for the past 90 days.

                                                          Yes   X    No
                                                              -----     -----

Indicate by check mark whether the registrant is a shell company (as defined in
Rule 12b-2 of the Exchange Act).

                                                          Yes   X    No
                                                              -----     -----

As of May 14, 2007, the Registrant had outstanding 8,961,017 shares of common
stock, par value $.00001

Transitional Small Business Disclosure Format (check one):
Yes        No   X
    -----     -----

<PAGE>

                               4net Software, Inc.

                                TABLE OF CONTENTS



                                                                        Page No.
                                                                        --------

PART I - FINANCIAL INFORMATION............................................  3

Item 1.  Financial Statements.............................................  3

Balance Sheets as of March 31, 2007 (unaudited)
         and September 30, 2007 (audited).................................  3

Statements of Operations (three-months ended March 31, 2007 and 2006).....  4

Statements of Operations (six-months ended March 31, 2007 and 2006).......  5

Statements of Cash Flows (six-months ended March 31, 2007 and 2006).......  6

Notes to Financial Statements.............................................  7

Item 2.  Management's Discussion And Analysis or
           Plan Of Operation..............................................  8

Item 3.  Controls and Procedures..........................................  9


PART II - OTHER INFORMATION...............................................  10

Item 1.  Legal Proceedings................................................  10

Item 6.  Exhibits ......................................................... 10

SIGNATURES................................................................. 12



                                        2
<PAGE>

                         PART I - FINANCIAL INFORMATION

Item 1.        Financial Statements

                                4NET SOFTWARE, INC.
                                 BALANCE SHEETS
<TABLE>
<CAPTION>
                                                                       March 31, 2007   September 30, 2006
                                                                         (Unaudited)         (Audited)
<S>                                                                      <C>                <C>
                                                ASSETS

CURRENT ASSETS
     Cash                                                                $    15,574        $    26,557
                                                                         -----------        -----------
TOTAL ASSETS                                                             $    15,574        $    26,557
                                                                         ===========        ===========


                                LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES
   Accounts payable and accrued expenses                                 $     4,464        $     7,550
                                                                         -----------        -----------

TOTAL CURRENT LIABILITIES                                                      4,464              7,550
                                                                         -----------        -----------

COMMITMENTS AND CONTINGENCIES                                                     --                 --

STOCKHOLDERS' EQUITY
     Preferred stock, $.01 par value; authorized - 5,000,000 shares
          - issued and outstanding - none                                         --                 --
     Common stock $.00001 par value; authorized - 100,000,000 shares
          - issued and outstanding - 8,961,017                                    90                 90
     Capital in excess of par value                                        3,168,258          3,168,258
     Accumulated deficit                                                  (3,157,238)        (3,149,341)
                                                                         -----------        -----------

 TOTAL EQUITY                                                                 11,110             19,007
                                                                         -----------        -----------


 TOTAL LIABILITIES & STOCKHOLDERS' EQUITY                                $    15,574        $    26,557
                                                                         ===========        ===========
</TABLE>
              See accompanying notes to these financial statements.

                                        3
<PAGE>

                               4NET SOFTWARE, INC.
                            STATEMENTS OF OPERATIONS
                   THREE MONTHS ENDED MARCH 31, 2007 AND 2006
                                   (Unaudited)


                                                 2007           2006
                                             -----------    -----------

REVENUES                                     $         -    $         -
                                             -----------    -----------

OPERATING EXPENSES
     General and Administrative                    3,946          7,395
                                             -----------    -----------
TOTAL OPERATING EXSPENSES                         (3,946)        (7,395)
                                             -----------    -----------

LOSS FROM OPERATIONS                              (3,946)        (7,395)
                                             -----------    -----------

OTHER INCOME

     Other Income                                     41            168
                                             -----------    -----------
TOTAL OTHER INCOME                                    41            168
                                             -----------    -----------

NET LOSS                                     $    (3,905)   $    (7,227)
                                             ===========    ===========


WEIGHTED AVERAGE NUMBER OF SHARES
OUTSTANDING-Basic and Dilutive                 8,961,017      8,961,017
                                             ===========    ===========

NET LOSS PER COMMON SHARE - Basic            $    (.0004)   $    (.0008)
                                             ===========    ===========



              See accompanying notes to these financial statements.

                                        4
<PAGE>


                               4NET SOFTWARE, INC.
                            STATEMENTS OF OPERATIONS
                    SIX MONTHS ENDED MARCH 31, 2007 AND 2006
                                   (Unaudited)


                                                 2007           2006
                                             -----------    -----------

REVENUES                                     $         -    $         -
                                             -----------    -----------

OPERATING EXPENSES
     General and Administrative                    8,001         12,781
                                             -----------    -----------
TOTAL OPERATING EXPENSES                           8,001         12,781
                                             -----------    -----------
LOSS FROM OPERATIONS                              (8,001)       (12,781)
                                             -----------    -----------

OTHER INCOME

     Other Income                                    104            384
                                             -----------    -----------
TOTAL OTHER INCOME                                   104            384
                                             -----------    -----------

NET LOSS                                     $    (7,897)   $   (12,397)
                                             ===========    ===========


WEIGHTED AVERAGE NUMBER OF SHARES
OUTSTANDING-Basic and Dilutive                 8,961,017      8,947,648
                                             ===========    ===========

NET LOSS PER COMMON SHARE - Basic            $     (.009)   $     (.001)
                                             ===========    ===========


              See accompanying notes to these financial statements.

                                        5
<PAGE>

                               4NET SOFTWARE, INC.
                            STATEMENTS OF CASH FLOWS
                    SIX MONTHS ENDED MARCH 31, 2007 AND 2006
                                   (Unaudited)

                                                            2007        2006
                                                         ---------   ---------

CASH FLOWS FROM OPERATING ACTIVITIES
Net loss                                                 $  (7,897)  $ (12,397)
Adjustments to reconcile net loss to net cash
used in operating activities:
    Changes in assets and liabilities:
       Decrease in accounts payable and accrued expenses    (3,086)     (4,185)
                                                         ---------   ---------
Net Cash Used in Operating Activities                      (10,983)    (16,582)

CASH FLOWS FROM FINANCING ACTIVITIES

Proceeds from sale of common stock                               -      30,000
                                                         ---------   ---------
Net Cash Provided by Financing Activities                        -      30,000
                                                         ---------   ---------

Net (Decrease) Increase in Cash                            (10,983)     13,418

CASH - BEGINNING OF PERIOD                                  26,557      24,687
                                                         ---------   ---------

CASH - END OF PERIOD                                     $  15,574   $  38,105
                                                         =========   =========



             See accompanying notes to these financial statements.

                                        6
<PAGE>

                                   4NET SOFTWARE, INC.
                              NOTES TO FINANCIAL STATEMENTS

NOTE 1 -  ORGANIZATION AND BASIS OF PRESENTATION

          The accompanying interim financial statements of 4net Software, Inc.
          (the Company) are unaudited. In the opinion of management, the interim
          data includes all adjustments, consisting only of normal recurring
          adjustments, necessary for a fair presentation of the results for the
          interim period. The results of operations for the three and six month
          periods ended March 31, 2007 are not necessarily indicative of the
          operating results for the entire year.

          We have prepared the financial statements included herein pursuant to
          the rules and regulations of the Securities and Exchange Commission.
          Certain information and footnote disclosure normally included in
          financial statements prepared in accordance with accounting principles
          generally accepted in the United States of America have been condensed
          or omitted pursuant to such rules and regulations. We believe the
          disclosures made are adequate to make the information not misleading
          and recommend that these condensed financial statements be read in
          conjunction with the financial statements and notes included in our
          Form 10-KSB for the year ended September 30, 2006.


NOTE 2 -  SUMMARY OF SIGNIFICANT POLICIES

          USE OF ESTIMATES - The preparation of financial statements in
          conformity with accounting principles generally accepted in the United
          States of America requires us to make estimates and assumptions that
          affect the reported amounts of assets and liabilities and disclosure
          of contingent assets and liabilities at the date of the financial
          statements and reported amounts of revenues and expenses during the
          reporting period. Actual results could differ from those estimates.


          CASH EQUIVALENTS - For purposes of reporting cash flows, we consider
          as cash equivalents all highly liquid investments with a maturity of
          three months or less at the time of purchase. At March 31, 2007, there
          were no cash equivalents.


          INCOME TAXES - The Company recognizes deferred tax liabilities and
          assets for the expected future tax consequences of events that have
          been included in the financial statements or tax returns. Under this
          method, deferred tax liabilities and assets are determined based on
          the difference between the financial statement and tax basis of assets
          and liabilities using enacted tax rates in effect for the year in
          which the difference are expected to reverse.


                                        7
<PAGE>

Item 2. Management's Discussion and Analysis or Plan of Operation.


Forward Looking Statements Disclosure
-------------------------------------

     This report on Form 10-QSB contains, in addition to historical information,
Forward-looking statements within the meaning of Section 27A of the Securities
Act of 1933 and Section 21E of the Securities Exchange Act of 1934 (the
"Exchange Act"). You can identify these forward-looking statements when you see
words such as "expect," "anticipate," "estimate," "may," "plans," "believe," and
other similar expressions. These statements are not guarantees of future
performance and are subject to certain risks, uncertainties and assumptions that
are difficult to predict. Actual results could differ materially from those
projected in the forward-looking statements. Factors that could cause such a
difference include, but are not limited to, those discussed in the section
entitled "Factors Affecting Operating Results and Market Price of Stock,"
contained in the Company's Annual Report on Form 10-KSB for the year ended
September 30, 2006 Readers are cautioned not to place undo reliance on these
forward-looking statements, which speak only as of the date hereof. We undertake
no obligation to update any forward-looking statements.


     The following discussion and analysis provides information which management
of 4net Software, Inc. (the "Company" or "4net Software") believes to be
relevant to an assessment and understanding of the Company's results of
operations and financial condition. This discussion should be read together with
the Company's financial statements and the notes to financial statements, which
are included in this report as well as the Company's Annual Report on Form
10-KSB for the year ended September 30, 2006 which is incorporated herein by
reference.


4net Software's Acquisition Strategy

     The Company is engaged in pursuing an acquisition strategy, whereby 4net
Software is seeking to enter into an acquisition, merger or other business
combination transaction (a "Transaction") with an undervalued business (a
"Target Company") with a history of operating revenues in markets that provide
opportunities for growth. 4net Software is currently engaged in identifying,
investigating and, if investigation warrants, entering into a Transaction with a
Target Company that will enhance 4net Software's revenues and increase
shareholder value. The Company utilizes several criteria to evaluate Target
Companies including whether the Target Company: (1) is an established business
with viable services or products, (2) has an experienced and qualified
management team, (3) has opportunities for growth and/or expansion into other
markets, (4) is accretive to earnings, (5) offers the opportunity to achieve
and/or enhance profitability, and (6) increases shareholder value.

     In some cases, management of the Company will have the authority to effect
acquisitions without submitting the proposal to the stockholders for their
consideration. In some instances, however, a proposed Transaction may be
submitted to the stockholders for their consideration, either voluntarily by the
Board of Directors to seek the stockholders' advice and consent, or because of a
requirement of applicable law to do so.

     Management believes that the successful implementation of the Company's
Acquisition Strategy will allow 4net Software to increase revenues and earnings
and achieve profitability. However, there can be no assurances that 4net
Software will successfully complete any additional acquisitions or that 4net
Software will achieve profitability.


                                        8
<PAGE>

Results of Operations

     For the three and six month periods ended March 2007 and 2006, the Company
had no revenue. Operating expenses for the three month periods ended March 31,
2007 and 2006 were $3,946 and $7,395, respectively. Operating expenses for the
six month period ended March 31, 2007 and 2006 were $8,001 and $12,781,
respectively. Other income consists of interest income on cash balances for all
periods presented.


Liquidity and Capital Resources

     During the three and six month periods ended March 31, 2007, the Company
satisfied its working capital needs from cash on hand at the beginning of the
period. As of March 31, 2007, the Company had cash on hand in the amount of
$15,574. The Company will need additional funds in order to effectuate its
business strategy. There is no assurance that the Company will be able to obtain
such additional funds, when needed. Even if the Company is able to obtain
additional funds there is no assurance that the Company will be able to
effectuate its plan of operations.

     Management believes that the successful implementation of the Company's
Acquisition Strategy will allow 4net Software to increase revenues and earnings
and achieve profitability. However, there can be no assurances that 4net
Software will successfully complete any Transaction or that if 4net Software can
complete a Transaction that the business of the Target Company will enable 4net
Software to achieve profitability.


Item 3. Controls and Procedures.

     Disclosure controls and procedures are controls and other procedures that
are designed to ensure that information required to be disclosed by us in the
reports that we file or submit under the Exchange Act is recorded, processed,
summarized and reported, within the time periods specified in the Securities and
Exchange Commission's rules and forms. Disclosure controls and procedures
include, without limitation, controls and procedures designed to ensure that
information required to be disclosed by us in the reports that we file under the
Exchange Act is accumulated and communicated to our management, including our
principal executive and financial officer, as appropriate to allow timely
decisions regarding required disclosure.

     Evaluation of disclosure and controls and procedures. Based on their
evaluation of the Company's disclosure controls and procedures (as defined in
Rules 13a-15(e) and 15d-15(e) under the Exchange Act) as of the end of the
period covered by this quarterly report on Form 10-QSB the Company's chief
executive officer has concluded that the Company's disclosure controls and
procedures are designed to ensure that information required to be disclosed by
the Company in the reports that it files or submits under the Exchange Act is
recorded, processed, summarized and reported within the time periods specified
in the SEC's rules and forms and are operating in an effective manner.

     Changes in internal controls over financial reporting. There were no
changes in the Company's internal controls over financial reporting or in other
factors that have materially affected, or are reasonably likely to materially
affect, the Company's internal control over financial reporting.


                                        9
<PAGE>

                           PART II - OTHER INFORMATION

Item 1. Legal Proceedings.

     During the quarter ended March 31, 2007, the Company was not a party to any
material legal proceedings.


Item 6. Exhibits.

     a. Exhibits

     The following exhibits are hereby filed as part of this Quarterly Report on
Form 10-QSB or incorporated herein by reference.

Exhibit
Number     Description of Document
--------   -------------------------------------------
2.1#       Stock Purchase Agreement by and between Michael Park, Andrew
           Patros and Robert Park and MedTech Diagnostics, Inc. dated April
           24, 2000. (Incorporated by reference to Exhibit 2.1 to the
           Current Report on Form 8-K filed by the Company on May 3, 2000.)

3.1#       Certificate of Incorporation of the Company. (Incorporated by
           reference to Exhibit 3.1 to the Company's Annual Report on Form
           10-KSB for the fiscal year ended September 30, 1999)

3.2#       By-Laws of the Company. (Incorporated by reference to Exhibit
           3.2 to the Company's Annual Report on Form 10-KSB
           for the fiscal year ended September 30, 1999)

3.3#       Certificate of Amendment to the Certificate of Incorporation of
           the Company. (Incorporated by reference to Exhibit 3.3 to the
           Company's Quarterly Report on Form 10-QSB for the quarter ended June
           30, 2000)

3.4#       Amended and Restated By-Laws of the Company. (Incorporated by
           reference to Exhibit 3.4 to the Company's Quarterly Report on Form
           10-QSB for the quarter ended June 30, 2000)

3.5#       Certificate of Merger between the Company and its wholly owned
           subsidiary 4net Software, Inc. (Incorporated by reference to Exhibit
           3.5 to the Company's Quarterly Report on Form 10-QSB for the quarter
           ended March 31, 2001.)

3.6#       Amended Certificate of Designation of the Series A Convertible
           Preferred Stock of 4net Software, Inc. (Incorporated by reference to
           Exhibit 3.6 to the Company's Quarterly Report on Form 10-QSB for the
           quarter ended March 31, 2001.)

10.3#@     Employment Agreement dated as of August 1, 2000 by and between
           the Company and Steven N. Bronson. (Incorporated by reference to
           Exhibit 10.3 to the Company's Quarterly Report on Form 10-QSB
           for the quarter ended June 30, 2000.)

10.4#@     Employment Agreement dated as of August 1, 2000 by and between the
           Company and Robert Park. (Incorporated by reference to Exhibit 10.4
           to the Company's Quarterly Report on Form 10-QSB for the quarter
           ended June 30, 2000.)

10.5#      Sublease dated as of February 1, 2001 by and between the Company and
           Catalyst Operations, Inc. (Incorporated by reference to Exhibit 10.5
           to the Company's Quarterly Report on Form 10-QSB for the quarter
           ended March 31, 2001)


                                       10
<PAGE>

10.6#      Management Consulting Agreement, dated as of February 1, 2001 by and
           between the Company and Catalyst Financial LLC. (Incorporated by
           reference to Exhibit 10.6 to the Company's Quarterly Report on Form
           10-QSB for the quarter ended March 31, 2001)

10.7#      Mergers and Acquisitions Advisory Agreement, dated as of March 27,
           2001 by and between the Company and Catalyst Financial LLC.
           (Incorporated by reference to Exhibit 10.7 to the Company's Quarterly
           Report on Form 10-QSB for the quarter ended March 31, 2001)

10.8#      Placement Agent Agreement, dated as of April 30, 2001, by and between
           the Company and Catalyst Financial LLC. (Incorporated by reference to
           Exhibit 10.8 to the Company's Quarterly Report on Form 10-QSB for the
           quarter ended March 31, 2001)

10.9#      Placement Agent Agreement, dated as of July 2, 2001, by and between
           the Company and Catalyst Financial LLC. (Incorporated by reference to
           Exhibit 10.8 to the Company's Quarterly Report on Form 10-QSB for the
           quarter ended June 30, 2001)

10.10#@    Employment Agreement, dated as of July 1, 2001 by and between
           the Company and Steven N. Bronson.  (Incorporated by reference
           to Exhibit 10.8  to the Company's Quarterly Report on Form 10-QSB
           for the quarter ended June 30, 2001)

10.11#     Separation Agreement, dated as of September 21, 2001 by and between
           the Company and Michael Park. (Incorporated by reference to Exhibit
           10.11 to the Company's Annual Report on Form 10-KSB for the fiscal
           year ended September 30, 2001)

10.12#     Letter of Intent, dated December 19, 2002 by and between the Company
           and NWT, Inc. (Incorporated by reference to Exhibit 10.12 to the
           Company's Annual Report on Form 10-KSB for the fiscal year ended
           September 30, 2002).

10.13#     First Amendment to Sublease between Catalyst Operation, Inc. and
           4networld.com, Inc. n/k/a 4net Software, Inc. made as of
           August 30, 2002. (Incorporated by reference to Exhibit 10.13 to the
             Company's Current Report on Form 8-K, dated September 27, 2002)

10.14#     Assignment Agreement, dated as of September 18, 2002, between
           4net Software, Inc. and New England Computer Group, Inc.
           (Incorporated by reference to Exhibit 10.14 to the Company's Current
           Report on Form 8-K, dated September 27, 2002)

10.15#     Consulting Agreement, dated December 17, 2003 between the Company and
           ETN Financial Services, Inc.

10.16#      Stock Purchase Agreement, dated September 13, 2005, between
           4net Software, Inc. and RAM Capital Management Trust I.


                                       11
<PAGE>


14         Code of Ethics

31*        President's Written Certification Of Financial Statements
           Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

32*        President's Written Certification Of Financial Statements
           Pursuant to 18 U.S.C. Statute 1350

--------------------------------
*    Filed herewith
#    Incorporated herein by reference
@    Represents a management contract






                                   SIGNATURES


     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.


Dated:  May 14, 2007

                                       4net Software, Inc.


                                     By: /s/ Steven N. Bronson
                                         -----------------------------------
                                         Steven N. Bronson, President
                                         Principle Executive Officer
                                         as Registrant's duly authorized officer



                                       12
<PAGE>

                                  EXHIBIT INDEX


The following Exhibits are filed herewith:

Exhibit
Number      Description of Document
------      -----------------------
31          President's Statement Pursuant to Section 302 of the Sarbanes-Oxley
            Act of 2002.

32          President's Written Certification Of Financial Statements
            Pursuant to 18 U.S.C. Statute 1350.

















                                       13