JCDA Jacada Ltd. - Ordinary Shares (MM)

CUSIP No. M6184R101 13G/A Page 2 of 10 Pages


 (1) NAMES OF REPORTING PERSONS
 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS

 Emancipation Capital, LP
-----------------------------------------------------------------------
 (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **

 (a) [X]
 (b) [ ]
-----------------------------------------------------------------------
 (3) SEC USE ONLY
-----------------------------------------------------------------------
 (4) CITIZENSHIP OR PLACE OF ORGANIZATION

 Delaware
-----------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
 0
SHARES
 --------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
 1,558,679
OWNED BY
 --------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
 0
REPORTING
 --------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
 1,558,679
-----------------------------------------------------------------------
 (9) AGGREGATE AMOUNT BENEFICIALLY OWNED
 BY EACH REPORTING PERSON
 1,558,679
-----------------------------------------------------------------------
 (10) CHECK BOX IF THE AGGREGATE AMOUNT
 IN ROW (9) EXCLUDES CERTAIN SHARES **

 [ ]
-----------------------------------------------------------------------
 (11) PERCENT OF CLASS REPRESENTED
 BY AMOUNT IN ROW (9)
 9.5%
-----------------------------------------------------------------------
 (12) TYPE OF REPORTING PERSON **
 PN
-----------------------------------------------------------------------

 ** SEE INSTRUCTIONS BEFORE FILLING OUT!

CUSIP No. M6184R101 13G/A Page 3 of 10 Pages


 (1) NAMES OF REPORTING PERSONS
 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS

 Emancipation Capital, LLC
-----------------------------------------------------------------------
 (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **

 (a) [X]
 (b) [ ]
-----------------------------------------------------------------------
 (3) SEC USE ONLY
-----------------------------------------------------------------------
 (4) CITIZENSHIP OR PLACE OF ORGANIZATION

 Delaware
-----------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
 0
SHARES
 --------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
 1,558,679
OWNED BY
 --------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
 0
REPORTING
 --------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
 1,558,679
-----------------------------------------------------------------------
 (9) AGGREGATE AMOUNT BENEFICIALLY OWNED
 BY EACH REPORTING PERSON
 1,558,679
-----------------------------------------------------------------------
 (10) CHECK BOX IF THE AGGREGATE AMOUNT
 IN ROW (9) EXCLUDES CERTAIN SHARES **

 [ ]
-----------------------------------------------------------------------
 (11) PERCENT OF CLASS REPRESENTED
 BY AMOUNT IN ROW (9)
 9.5%
-----------------------------------------------------------------------
 (12) TYPE OF REPORTING PERSON **
 OO
-----------------------------------------------------------------------

 ** SEE INSTRUCTIONS BEFORE FILLING OUT!

CUSIP No. M6184R101 13G/A Page 4 of 10 Pages


 (1) NAMES OF REPORTING PERSONS
 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS

 Emancipation Capital Master, Ltd.
-----------------------------------------------------------------------
 (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **

 (a) [X]

 (b) [ ]
-----------------------------------------------------------------------
 (3) SEC USE ONLY
-----------------------------------------------------------------------
 (4) CITIZENSHIP OR PLACE OF ORGANIZATION

 Cayman Islands
-----------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
 0
SHARES
 --------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
 1,558,679
OWNED BY
 --------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
 0
REPORTING
 --------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
 1,558,679
-----------------------------------------------------------------------
 (9) AGGREGATE AMOUNT BENEFICIALLY OWNED
 BY EACH REPORTING PERSON
 1,558,679
-----------------------------------------------------------------------
 (10) CHECK BOX IF THE AGGREGATE AMOUNT
 IN ROW (9) EXCLUDES CERTAIN SHARES **

 [ ]
-----------------------------------------------------------------------
 (11) PERCENT OF CLASS REPRESENTED
 BY AMOUNT IN ROW (9)
 9.5%
-----------------------------------------------------------------------
 (12) TYPE OF REPORTING PERSON **
 CO
-----------------------------------------------------------------------

 ** SEE INSTRUCTIONS BEFORE FILLING OUT!

CUSIP No. M6184R101 13G/A Page 5 of 10 Pages


----------------------------------------------------------------------
 (1) NAMES OF REPORTING PERSONS
 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS

 Charles Frumberg
-----------------------------------------------------------------------
 (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **

 (a) [X]

 (b) [ ]
-----------------------------------------------------------------------
 (3) SEC USE ONLY
-----------------------------------------------------------------------
 (4) CITIZENSHIP OR PLACE OF ORGANIZATION

 United States
-----------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
 0
SHARES
 --------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
 1,558,679
OWNED BY
 --------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
 0
REPORTING
 --------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
 1,558,679
-----------------------------------------------------------------------
 (9) AGGREGATE AMOUNT BENEFICIALLY OWNED
 BY EACH REPORTING PERSON
 1,558,679
-----------------------------------------------------------------------
 (10) CHECK BOX IF THE AGGREGATE AMOUNT
 IN ROW (9) EXCLUDES CERTAIN SHARES **

 [ ]
-----------------------------------------------------------------------
 (11) PERCENT OF CLASS REPRESENTED
 BY AMOUNT IN ROW (9)
 9.5%
-----------------------------------------------------------------------
 (12) TYPE OF REPORTING PERSON **
 IN
-----------------------------------------------------------------------

 ** SEE INSTRUCTIONS BEFORE FILLING OUT!

CUSIP No. M6184R101 13G/A Page 6 of 10 Pages


 (1) NAMES OF REPORTING PERSONS
 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS

 Hurley Capital, LLC
-----------------------------------------------------------------------
 (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **

 (a) [X]
 (b) [ ]
-----------------------------------------------------------------------
 (3) SEC USE ONLY
-----------------------------------------------------------------------
 (4) CITIZENSHIP OR PLACE OF ORGANIZATION

 New York
-----------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
 196,170
SHARES
 --------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
 0
OWNED BY
 --------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
 196,170
REPORTING
 --------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
 0
-----------------------------------------------------------------------
 (9) AGGREGATE AMOUNT BENEFICIALLY OWNED
 BY EACH REPORTING PERSON
 196,170
-----------------------------------------------------------------------
 (10) CHECK BOX IF THE AGGREGATE AMOUNT
 IN ROW (9) EXCLUDES CERTAIN SHARES **

 [ ]
-----------------------------------------------------------------------
 (11) PERCENT OF CLASS REPRESENTED
 BY AMOUNT IN ROW (9)
 1.2%
-----------------------------------------------------------------------
 (12) TYPE OF REPORTING PERSON **
 OO
-----------------------------------------------------------------------

 ** SEE INSTRUCTIONS BEFORE FILLING OUT

CUSIP No. M6184R101 13G/A Page 7 of 10 Pages


Item 1.

(a) Name of Issuer

 Jacada Ltd. (the "Company")

(b) Address of Issuer's Principal Executive Offices

 11 Galgalei Haplada St.
 Herzliya 46722 Israel

Item 2(a). Name of Person Filing
Item 2(b). Address of Principal Business Office
Item 2(c). Citizenship

 Emancipation Capital, LP, ("Emancipation Capital")
 1120 Avenue of the Americas, Suite 1504
 New York, NY 10036
 Citizenship: Delaware

 Emancipation Capital, LLC, ("Emancipation Capital LLC")
 1120 Avenue of the Americas, Suite 1504
 New York, NY 10036
 Citizenship: Delaware

 Emancipation Capital Master, Ltd. ("Emancipation Master Ltd")
 1120 Avenue of the Americas, Suite 1504
 New York, NY 10036
 Citizenship: Cayman Islands

 Charles Frumberg, ("Mr. Frumberg", Emanicpation Capital,
 Emancipation Capital LLC and Emancipation Master Ltd are sometimes
 hereinafter referred to collectively as the "Emancipation Filing
 Persons")
 c/o Emancipation Capital, LLC
 1120 Avenue of the Americas, Suite 1504
 New York, NY 10036
 Citizenship: United States

 Hurley Capital LLC, ("Hurley Capital")
 1120 Avenue of the Americas, Suite 1504
 New York, NY 10036
 Citizenship: New York

Item 2(d) Title of Class of Securities

 Common Stock, par value NIS 0.01 per share ("Common Stock")

Item 2(e) CUSIP Number

 M6184R101

Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b)
or (c), check whether the person filing is a:

(a) [ ] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o).

(b) [ ] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c).

CUSIP No. M6184R101 13G/A Page 8 of 10 Pages

(c) [ ] Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C.
 78c).

(d) [ ] Investment company registered under Section 8 of the Investment Company
 Act of 1940 (15 U.S.C. 80a-8).

(e) [ ] An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);

(f) [ ] An employee benefit plan or endowment fund in accordance with Rule
 13d-1(b)(1)(ii)(F);

(g) [ ] A parent holding company or control person in accordance with Rule
 13d-1(b)(1)(ii)(G);

(h) [ ] A savings association as defined in Section 3(b) of the Federal Deposit
 Insurance Act (12 U.S.C. 1813);

(i) [ ] A church plan that is excluded from the definition of an investment
 company under Section 3(c)(14) of the Investment Company Act of 1940
 (15 U.S.C. 80a-3);

(j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).


Item 4. Ownership

 Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.

 (a) Amount beneficially owned:

 As of December 31, 2008, each Reporting Person may be deemed the
beneficial owner of (i) 1,558,679 shares of Common Stock owned by Emancipation
Filing Persons and (ii) 196,170 shares of Common Stock owned by managed accounts
of Hurley Capital for which Hurley Capital has voting and dispositive
discretion.

 Emancipation Capital, LLC, acts as the general partner of
Emancipation Capital and has voting and dispositive power over the securities
held by Emancipation Capital. The managing member of Emancipation Capital LLC is
Mr. Frumberg. Emancipation Management LLC, acts as the investment manager of
Emancipation Master Ltd. The managing member of Emancipation Management is Mr.
Frumberg. Each of the Emancipation Filing Persons and Hurley Capital expressly
disclaim beneficial ownership of securities held by any person or entity other
than, to the extent of any pecuniary interest therein, the various accounts
under such Reporting Persons' management and control.


 (b) Percent of class:


Approximately 10.7% as of December 31, 2008 (based on the Company's Form 6-K
filed November 24, 2008, there were 16,462,244 shares of Common Stock issued and
outstanding as of November 19, 2008)

CUSIP No. M6184R101 13G/A Page 9 of 10 Pages

 (c) Number of shares as to which such person has:

 (i) Sole power to vote or to direct the vote

 196,170 shares of Common Stock (Hurley Capital)

 (ii) Shared power to vote or to direct the vote

 1,558,679 shares of Common Stock (Emancipation Filing
 Persons)

 (iii) Sole power to dispose or to direct the disposition of

 196,170 shares of Common Stock (Hurley Capital)

 (iv) Shared power to dispose or to direct the disposition of

 1,558,679 shares of Common Stock (Emancipation Filing
 Persons)


Item 5. Ownership of Five Percent or Less of a Class

 Not applicable.

Item 6. Ownership of More than Five Percent on Behalf of Another Person

 Not applicable.

Item 7. Identification and Classification of the Subsidiary Which Acquired
 the Security Being Reported on by the Parent Holding Company or
 Control Person

 Not applicable.

Item 8. Identification and Classification of Members of the Group

 See Items 2(a)-2(c).

Item 9. Notice of Dissolution of Group

 Not applicable.

Item 10. Certification

 By signing below each of the undersigned certifies that, to the best
of its knowledge and belief, the securities referred to above were not acquired
and are not held for the purpose of or with the effect of changing or
influencing the control of the issuer of the securities and were not acquired
and are not held in connection with or as a participant in any transaction
having that purpose or effect.

CUSIP No. M6184R101 13G/A Page 10 of 10 Pages


 SIGNATURES

 After reasonable inquiry and to the best of its knowledge and
belief, each of the undersigned certifies that the information with respect to
it set forth in this statement is true, complete, and correct.

Dated: February 12, 2009

EMANCIPATION CAPITAL, LP
By: Emancipation Capital, LLC, its
 General Partner

 By: /s/ Charles Frumberg
 -----------------------------------
 Name: Charles Frumberg
 Title: Managing Member

EMANCIPATION CAPITAL MASTER LTD.


 By: /s/ Charles Frumberg
 -----------------------------------
 Name: Charles Frumberg
 Title: Director

EMANCIPATION CAPITAL, LLC

 By: /s/ Charles Frumberg
 -----------------------------------
 Name: Charles Frumberg
 Title: Managing Member


CHARLES FRUMBERG

 By: /s/ Charles Frumberg
 -----------------------------------


HURLEY CAPITAL, LLC


 By: /s/ Charles Goldblum
 -----------------------------------
 Name: Charles Goldblum
 Title: Managing Member