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OMB APPROVAL
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UNITED STATES OMB Number: 3235-0145
SECURITIES AND EXCHANGE COMMISSION Expires: August 31, 1999
WASHINGTON, D.C. 20549 Estimated average burden
hours per response..14.90
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SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. Two)*
Sync Research, Inc.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, $.001 par value
- --------------------------------------------------------------------------------
(Title of Class of Securities)
785065103
- --------------------------------------------------------------------------------
(CUSIP Number)
December 31, 1998
- --------------------------------------------------------------------------------
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[ ] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[X] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
SEC 1745 (3-98) Page 1 of 20 pages
<PAGE> 2
CUSIP NO. 785065103 SCHEDULE 13G PAGE 2 OF 20 PAGES
--------- -- --
- -------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Canaan Venture Limited Partnership
- --------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
(3) SEC USE ONLY
- --------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware Limited Partnership
- --------------------------------------------------------------------------------
(5) SOLE VOTING POWER
NUMBER OF 0
SHARES ------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY
EACH 0
REPORTING -----------------------------------------------------
PERSON WITH (7) SOLE DISPOSITIVE POWER
0
------------------------------------------------------
(8) SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
- --------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
less than five percent (5%)
- --------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON *
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 20 pages
<PAGE> 3
CUSIP NO. 785065103 SCHEDULE 13G PAGE 3 OF 20 PAGES
--------- -- --
- -------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Canaan Venture Offshore Limited Partnership, C.V.
- --------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
(3) SEC USE ONLY
- --------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Netherlands Antilles Limited Partnership
- --------------------------------------------------------------------------------
(5) SOLE VOTING POWER
NUMBER OF 0
SHARES ------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY
EACH 0
REPORTING ------------------------------------------------------
PERSON WITH (7) SOLE DISPOSITIVE POWER
0
------------------------------------------------------
(8) SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
- --------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
less than five percent (5%)
- --------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON *
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 3 of 20 pages
<PAGE> 4
CUSIP NO. 785065103 SCHEDULE 13G PAGE 4 OF 20 PAGES
--------- -- --
- -------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Canaan Management Limited Partnership
- --------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
(3) SEC USE ONLY
- --------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware Limited Partnership
- --------------------------------------------------------------------------------
(5) SOLE VOTING POWER
NUMBER OF 0
SHARES ------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY
EACH 0
REPORTING ------------------------------------------------------
PERSON WITH (7) SOLE DISPOSITIVE POWER
0
------------------------------------------------------
(8) SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
- --------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
less than five percent (5%)
- --------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON *
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 4 of 20 pages
<PAGE> 5
CUSIP NO. 785065103 SCHEDULE 13G PAGE 5 OF 20 PAGES
--------- -- --
- -------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Canaan Offshore Management, N.V.
- --------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
(3) SEC USE ONLY
- --------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Netherlands Antilles Corporation
- --------------------------------------------------------------------------------
(5) SOLE VOTING POWER
NUMBER OF 0
SHARES ------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY
EACH 0
REPORTING ------------------------------------------------------
PERSON WITH (7) SOLE DISPOSITIVE POWER
0
------------------------------------------------------
(8) SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
- --------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
less than five percent (5%)
- --------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON *
CO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 5 of 20 pages
<PAGE> 6
CUSIP NO. 785065103 SCHEDULE 13G PAGE 6 OF 20 PAGES
--------- -- --
- -------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Canaan Venture Partner L.P.
- --------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
(3) SEC USE ONLY
- --------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware Limited Partnership
- --------------------------------------------------------------------------------
(5) SOLE VOTING POWER
NUMBER OF 0
SHARES ------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY
EACH 0
REPORTING ------------------------------------------------------
PERSON WITH (7) SOLE DISPOSITIVE POWER
0
------------------------------------------------------
(8) SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
- --------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
less than five percent (5%)
- --------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON *
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 6 of 20 pages
<PAGE> 7
CUSIP NO. 785065103 SCHEDULE 13G PAGE 7 OF 20 PAGES
--------- -- --
- -------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Harry T. Rein
- --------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
(3) SEC USE ONLY
- --------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
(5) SOLE VOTING POWER
NUMBER OF 18,073
SHARES ------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY
EACH 0
REPORTING ------------------------------------------------------
PERSON WITH (7) SOLE DISPOSITIVE POWER
18,073
------------------------------------------------------
(8) SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
18,073
- --------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
less than five percent (5%)
- --------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON *
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 7 of 20 pages
<PAGE> 8
CUSIP NO. 785065103 SCHEDULE 13G PAGE 8 OF 20 PAGES
--------- -- --
- -------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
James J. Fitzpatrick
- --------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
(3) SEC USE ONLY
- --------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
(5) SOLE VOTING POWER
NUMBER OF 425
SHARES ------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY
EACH 0
REPORTING ------------------------------------------------------
PERSON WITH (7) SOLE DISPOSITIVE POWER
425
------------------------------------------------------
(8) SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
425
- --------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
less than five percent (5%)
- --------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON *
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 8 of 20 pages
<PAGE> 9
CUSIP NO. 785065103 SCHEDULE 13G PAGE 9 OF 20 PAGES
--------- -- --
- -------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Gregory Kopchinsky
- --------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
(3) SEC USE ONLY
- --------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
(5) SOLE VOTING POWER
NUMBER OF 0
SHARES ------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY
EACH 0
REPORTING ------------------------------------------------------
PERSON WITH (7) SOLE DISPOSITIVE POWER
0
------------------------------------------------------
(8) SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
- --------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
less than five percent (5%)
- --------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON *
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 9 of 20 pages
<PAGE> 10
CUSIP NO. 785065103 SCHEDULE 13G PAGE 10 OF 20 PAGES
--------- -- --
- -------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Robert J. Migliorino
- --------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
(3) SEC USE ONLY
- --------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
(5) SOLE VOTING POWER
NUMBER OF 4,039
SHARES ------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY
EACH 0
REPORTING ------------------------------------------------------
PERSON WITH (7) SOLE DISPOSITIVE POWER
4,039
------------------------------------------------------
(8) SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,039
- --------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
less than five percent (5%)
- --------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON *
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 10 of 20 pages
<PAGE> 11
CUSIP NO. 785065103 13G PAGE 11 OF 20 PAGES
--------- -- --
- -------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Eric A. Young
- --------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
(3) SEC USE ONLY
- --------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
(5) SOLE VOTING POWER
NUMBER OF 4,252
SHARES ------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY
EACH 0
REPORTING ------------------------------------------------------
PERSON (7) SOLE DISPOSITIVE POWER
WITH
4,252
------------------------------------------------------
(8) SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,252
- --------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
less than five percent (5%)
- --------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON *
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 11 of 20 pages
<PAGE> 12
ITEM 1(a). NAME OF ISSUER
Sync Research, Inc.
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES
40 Parker
Irvine, CA 92718
ITEM 2(a). NAME OF PERSON FILING
This statement is filed by Canaan Venture Limited Partnership, a
Delaware limited partnership, ("Canaan Venture"), Canaan Venture
Offshore Limited Partnership C.V., a Netherlands Antilles limited
partnership ("Canaan Venture Offshore"), Canaan Management
Limited Partnership, a Delaware limited partnership, ("Canaan
Management"), Canaan Offshore Management, N.V., a Netherlands
Antilles corporation ("Canaan Corporation"), Canaan Venture
Partners L.P., a Delaware limited partnership, ("Canaan
Partners") and Harry T. Rein, James J. Fitzpatrick, Gregory
Kopchinsky, Robert J. Migliorino and Eric A. Young (collectively,
the "Partners"). Canaan Management (which serves as the sole
general partner of Canaan Venture and one of the two general
partners of Canaan Venture Offshore), Canaan Corporation (which
serves as the other general partner of Canaan Venture Offshore),
Canaan Partners (which serves as the general partner of Canaan
Management) and the Partners (who serve as general partners of
Canaan Partners), are collectively referred to as the "Reporting
Persons" in this Schedule 13G.
ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE
Except in the case of Canaan Venture Offshore, Canaan Corporation
and Eric A. Young, the principal business address of the
Reporting Persons is 105 Rowayton Avenue, Rowayton, CT 06853. The
principal address of Canaan Venture Offshore and Canaan
Corporation is c/o ABN Trustcompany, Pietermaai 15, Curacao, the
Netherlands Antilles. The principal business address of Eric A.
Young is 2884 Sand Hill Road, Suite 115, Menlo Park, CA 94025.
ITEM 2(c). CITIZENSHIP
Each of Canaan Venture, Canaan Management and Canaan Partners is
a limited partnership organized under the laws of Delaware.
Canaan Venture Offshore is a limited partnership and Canaan
Corporation is a corporation, each organized under the laws of
the Netherlands Antilles. Each of the Partners are citizens of
the United States.
ITEM 2(d). TITLE OF CLASS OF SECURITIES
This Schedule 13G report relates to the Common Stock, par value
$.001 ("Common Stock") of Sync Research, Inc. ("the Company").
Page 12 of 20 pages
<PAGE> 13
ITEM 2(e). CUSIP NUMBER
CUSIP number 785065103.
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(b), OR
13D-2(b), CHECK WHETHER THE PERSON FILING IS A:
None.
ITEM 4. OWNERSHIP
Not Applicable. The foregoing percentages are based on the
17,416,847 shares of Common Stock reported to be outstanding in
the Quarterly Report on Form 10-Q of the Issuer for the quarter
ended September 30, 1998.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
This statement is being filed to report the fact that as of the
date hereof, the Reporting Persons have ceased to be the
beneficial owners of more than five percent (5%) of the class of
securities.
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
Not applicable.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
Each of the reporting persons expressly disclaims membership in a
"Group" as defined in Rule 13d-1(b)(ii)(J).
ITEM 9. NOTICE OF DISSOLUTION OF GROUP
Not applicable.
ITEM 10. CERTIFICATION
Not applicable. This Schedule 13G is not filed pursuant to Rule
13d-1(b).
DATE: February 10, 1999
Pages 13 of 20 pages
<PAGE> 14
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, each of the
undersigned certifies that the information set forth in this statement is true,
complete and correct.
Canaan Venture Limited Partnership
By: Canaan Management Limited Partnership
Its General Partner
By: Canaan Venture Partners L.P.
Its General Partner
*
By: ----------------------------------------
General Partner
Canaan Venture Offshore Limited Partnership, C. V.
By: Canaan Management Limited Partnership
Its General Partner
By: Canaan Venture Partners L.P.
Its General Partner
*
By: ----------------------------------------
General Partner
Canaan Management Limited Partnership
By: Canaan Venture Partners L.P.
Its General Partner
*
By: ----------------------------------------
General Partner
Canaan Offshore Management, N.V.
*
By: ----------------------------------------
Director
Canaan Venture Partners L.P.
*
By: ----------------------------------------
General Partner
Page 14 of 20
<PAGE> 15
*
- ---------------------------------------------
Harry T. Rein
*
- ---------------------------------------------
James J. Fitzpatrick
*
- ---------------------------------------------
Gregory Kopchinsky
*
- ---------------------------------------------
Robert J. Migliorino
*
- ---------------------------------------------
Eric A. Young
*By: /s/ Guy M. Russo
------------------------
Guy M. Russo
Attorney-in-Fact
- ----------------------------------------------------------------------------
This Schedule 13G was executed by Guy M. Russo pursuant to Powers of Attorney
filed with the Securities and Exchange Commission on April 22, 1997, in
connection with a Schedule 13D for Alarmguard Holdings, Inc., which Powers of
Attorney are incorporated herein by reference and copies of which are attached
hereto as Exhibit 2.
Page 15 of 20
<PAGE> 1
EXHIBIT 1
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k)(1) under the Securities Exchange Act of 1934,
as amended, the undersigned agree that only one statement containing the
information required by Schedule 13G need be filed by each of the undersigned
with respect to the ownership by each of the undersigned of shares of stock of
Sync Research, Inc. This Agreement may be executed in any number of
counterparts, each of which shall be deemed an original.
Canaan Venture Limited Partnership
By: Canaan Management Limited Partnership
Its General Partner
By: Canaan Venture Partners L.P.
Its General Partner
*
By: -------------------------------------------
General Partner
Canaan Venture Offshore Limited Partnership, C. V.
By: Canaan Management Limited Partnership
Its General Partner
By: Canaan Venture Partners L.P.
Its General Partner
*
By: -------------------------------------------
General Partner
Canaan Management Limited Partnership
By: Canaan Venture Partners L.P.
Its General Partner
*
By: -------------------------------------------
General Partner
Canaan Offshore Management, N.V.
*
By: -------------------------------------------
Director
Canaan Venture Partners L.P.
*
By: -------------------------------------------
General Partner
Page 16 of 20 pages
<PAGE> 2
*
- -----------------------------------------------
Harry T. Rein
*
- -----------------------------------------------
James J. Fitzpatrick
*
- -----------------------------------------------
Gregory Kopchinsky
*
- -----------------------------------------------
Robert J. Migliorino
*
- -----------------------------------------------
Eric A. Young
*By: /s/ Guy M. Russo
----------------------
Guy M. Russo
Attorney-in-Fact
- ----------------------------------------------------------------------------
This Schedule 13G was executed by Guy M. Russo pursuant to Powers of Attorney
filed with the Securities and Exchange Commission on April 22, 1997, in
connection with a Schedule 13D for Alarmguard Holdings, Inc., which Powers of
Attorney are incorporated herein by reference and copies of which are attached
hereto as Exhibit 2.
Page 17 of 20 pages
<PAGE> 1
Exhibit 2
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears
below hereby constitutes and appoints Guy M. Russo his true and lawful
attorney-in-fact and agent, with full power of substitution and resubstitution,
for him and in his name, place and stead, in any and all capacities (until
revoked in writing) to sign any and all instruments, certificates and documents
required to be executed on behalf of himself as an individual or in his capacity
as a general partner or authorized signatory, as the case may be, on behalf of
any of Canaan Venture Limited Partnership; Canaan Venture Offshore Limited
Partnership, C.V.; Canaan Offshore Management, N.V.; Canaan Management Limited
Partnership or Canaan Venture Partners L.P. pursuant to the Securities Act of
1933, as amended, (the "Securities Act"), or the Securities Exchange Act of
1934, as amended (the "Exchange Act"), and any and all regulations promulgated
thereunder and to file the same, with all exhibits thereto, and any other
documents in connection therewith, with the Securities and Exchange Commission,
and with any other entity when and if such is mandated by the Securities Act,
the Exchange Act or by the By-laws of the National Association of Securities
Dealers, Inc., granting unto said attorney-in-fact and agent full power and
authority to do and perform each and every act and thing requisite and necessary
fully to all intents and purposes as he might or could do in person thereby, and
ratifying and confirming all that said attorney-in-fact and agent, or his
substitute or substitutes, may lawfully do or cause to be done by virtue hereof,
or may have done in connection with the matters described above.
[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]
Page 18 of 20 pages
<PAGE> 2
IN WITNESS WHEREOF, this Power of Attorney has been signed as of the 14th day of
April, 1997.
CANAAN VENTURE LIMITED PARTNERSHIP
By: Canaan Management Limited Partnership
Its General Partner
By: Canaan Venture Partners L.P.
Its General Partner
By: /s/ Harry T. Rein
----------------------------------------
General Partner
CANAAN VENTURE OFFSHORE LIMITED PARTNERSHIP C.V.
By: Canaan Management Limited Partnership
Its General Partner
By: Canaan Venture Partners L.P.
Its General Partner
By: /s/ Harry T. Rein
----------------------------------------
General Partner
CANAAN OFFSHORE MANAGEMENT, N.V.
By: /s/ Harry T. Rein
----------------------------------------
Director
CANAAN MANAGEMENT LIMITED PARTNERSHIP
By: Canaan Venture Partners L.P.
Its General Partner
By: /s/ Harry T. Rein
----------------------------------------
General Partner
Page 19 of 20 pages
<PAGE> 3
CANAAN VENTURE PARTNERS L.P.
By: /s/ Harry T. Rein
- --------------------------------------------
General Partner
/s/ Harry T. Rein
- --------------------------------------------
Harry T. Rein
/s/ James J. Fitzpatrick
- --------------------------------------------
James J. Fitzpatrick
/s/ Gregory Kopchinsky
- --------------------------------------------
Gregory Kopchinsky
/s/ Robert J. Migliorino
- --------------------------------------------
Robert J. Migliorino
/s/ Eric A. Young
- --------------------------------------------
Eric A. Young
Page 20 of 20 pages
