SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
                                    FORM 6-K

                        Report of Foreign Private Issuer
                        Pursuant to Rule 13a-16 or 15d-16
                     of the Securities Exchange Act of 1934

                               March 4, 2004

                          Tecnomatix Technologies Ltd.
                          ----------------------------
             (Exact Name of Registrant as specified in the charter)

                                       N/A
                 (Translation of Registrant's name into English)

                                     Israel
                                     ------
                 (Jurisdiction of incorporation or organization)

                    16 Hagalim Avenue, Herzlia 46733, Israel
                    -----------------------------------------
                    (Address of Principal executive offices)

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

                           Form 20-F [X] Form 40-F [_]

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

                                 Yes [_] No [X]

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.

TECNOMATIX TECHNOLOGIES LTD.


By: /s/ Jaron Lotan
    --------------------------
    Jaron Lotan
    President and Chief Executive Office

Dated: March 4, 2004





                                                                        
Company Contact:                        Media Contacts:                       Company Contact:
Tecnomatix Technologies Ltd.            Topaz Partners                        Daniele Mason
Marsha Shalvi                           Todd Van Hoosear                      HP
+972-9-9594733                          +781-388-7900, ext. 209               +41 788 44 09 12
mshalvi@tecnomatix.com                  toddv@topazpartners.com               daniele-mason@hp.com
                                        mail to:jbs@lhai.com




       TECNOMATIX SIGNS MULTI-MILLION DOLLAR OUTSOURCING AGREEMENT WITH HP

  TECNOMATIX AND HP WILL ALSO WORK TOGETHER TO PROMOTE TECNOMATIX MPM SOLUTIONS
                                   WORLDWIDE

HERZLIA, ISRAEL - MARCH 3, 2004 - Tecnomatix Technologies Ltd. (NASDAQ: TCNO)
and HP (NYSE:HPQ) today announced a joint six-year, multi-million dollar per
annum agreement whereby HP will manage and support most of Tecnomatix's
worldwide internal Information Technologies (IT) operations. In addition, both
companies will jointly promote Tecnomatix's Manufacturing Process Management
(MPM) solutions to the global manufacturing community.

Under the terms of the agreement, HP will be responsible for the IT
infrastructure, assets, services and support at Tecnomatix's offices throughout
Europe, North America and Asia. By outsourcing its IT activities to HP,
Tecnomatix expects to benefit from a modernized IT infrastructure, improved
service levels, increased IT efficiency and lower costs. For example, the
Tecnomatix distributed IT environment will be managed from a central monitoring
and control center that will enable detection and resolution of IT issues.

In addition, HP will work with the Tecnomatix Sales and Global Professional
Services teams to further develop Tecnomatix's MPM business and offer joint IT
services solutions to customers of both companies worldwide.

"This agreement is in line with our strategy to partner with world-leading IT
service providers in order to scale our operations, expand our market coverage
and accelerate our growth," said Jaron Lotan, president and chief executive
officer of Tecnomatix. "We also decided to outsource our IT operations to HP in
order to benefit from a world-class IT infrastructure wherever we operate, and
allow us to focus on growing our business."

"HP Services gives Tecnomatix the flexibility to respond rapidly to its changing
business needs," said Carlo Magistrelli, vice president, HP Services, Europe
Middle East and Africa. "Tecnomatix will maximize the return on its IT
investment, through our highly experienced services professionals, global
capabilities and flexible approach to technology, operations and business
models."




ABOUT HP
HP is a technology solutions provider to consumers, businesses and institutions
globally. The company's offerings span IT infrastructure, personal computing and
access devices, global services and imaging and printing. For the last four
fiscal quarters, HP revenue totaled $74.7 billion. More information about HP
(NYSE, Nasdaq: HPQ) is available at www.hp.com.

ABOUT TECNOMATIX TECHNOLOGIES
Today's leading global manufacturers are adopting Tecnomatix eMPower(TM)
solutions for MPM to expand revenue potential and reduce costs by accelerating
product introductions, shortening time to volume, and optimizing production
execution. eMPower enables our customers to succeed with its collaborative, open
platform and applications for defining, simulating, managing, and executing
manufacturing processes across the extended enterprise. For more information,
please visit www.tecnomatix.com.

THIS PRESS RELEASE INCLUDES FORWARD-LOOKING STATEMENTS, WITHIN THE MEANING OF
THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995, WHICH ARE SUBJECT TO RISKS
AND UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM
THOSE ANTICIPATED. SUCH STATEMENTS MAY RELATE TO THE COMPANY'S PLANS, OBJECTIVES
AND EXPECTED FINANCIAL AND OPERATING RESULTS. THE RISKS AND UNCERTAINTIES THAT
MAY AFFECT FORWARD-LOOKING STATEMENTS INCLUDE, BUT ARE NOT LIMITED TO: CURRENCY
FLUCTUATIONS, GLOBAL ECONOMIC AND POLITICAL CONDITIONS, MARKET DEMAND FOR
TECNOMATIX PRODUCTS AND SERVICES, LONG SALES CYCLES, NEW PRODUCT DEVELOPMENTS,
ASSIMILATING FUTURE ACQUISITIONS, MAINTAINING RELATIONSHIPS WITH CUSTOMERS AND
PARTNERS, AND INCREASED COMPETITION. FOR MORE DETAILS ABOUT THE RISKS AND
UNCERTAINTIES OF THE BUSINESS, REFER TO THE COMPANY'S FILINGS WITH THE
SECURITIES AND EXCHANGE COMMISSION. TECNOMATIX UNDERTAKES NO OBLIGATION TO
PUBLICLY UPDATE OR REVISE ANY FORWARD-LOOKING STATEMENTS, WHETHER AS A RESULT OF
NEW INFORMATION, FUTURE EVENTS OR OTHERWISE.