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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
Daleen Technologies, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities
23437N104
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(CUSIP Number)
December 31, 1999
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(Date of Event Which Requires Filing of the 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).
PAGE 1 OF 8 PAGES
<PAGE>
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CUSIP No. 23437N104 13G Page 2 of 8 Pages
- ---------------------------- -------------------------
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
HarbourVest Partners, LLC
I.R.S. No. 04-3335829
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
N/A
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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5 SOLE VOTING POWER
Number of
Shares 5,068,063
------------------------------------------------------------------
Beneficially 6 SHARED VOTING POWER
Owned by
Each -0-
------------------------------------------------------------------
Reporting 7 SOLE DISPOSITIVE POWER
Person
With 5,068,063
------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,068,063
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
N/A
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
23.8%
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12 TYPE OF REPORTING PERSON*
IA
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
PAGE 2 OF 8 PAGES
<PAGE>
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CUSIP No. 23437N104 13G Page 3 of 8 Pages
- ---------------------------- -------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
D. Brooks Zug
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
N/A
- --------------------------------------------------------------------------------
3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
Number of
Shares -0-
------------------------------------------------------------------
Beneficially 6 SHARED VOTING POWER
Owned by
Each 5,068,063
------------------------------------------------------------------
Reporting 7 SOLE DISPOSITIVE POWER
Person
With -0-
------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
5,068,063
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,068,063
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
N/A
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
23.8%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
PAGE 3 OF 8 PAGES
<PAGE>
- ---------------------------- -------------------------
CUSIP No. 23437N104 13G Page 4 of 8 Pages
- ---------------------------- -------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Edward W. Kane
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
N/A
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
Number of
Shares 0
------------------------------------------------------------------
Beneficially 6 SHARED VOTING POWER
Owned by
Each 5,068,063
------------------------------------------------------------------
Reporting 7 SOLE DISPOSITIVE POWER
Person
With 0
------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
5,068,063
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,068,063
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
N/A
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
23.8%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
PAGE 4 OF 8 PAGES
<PAGE>
The original statement shall be signed by each person on whose behalf the
statement is filed or his authorized representative. If the statement is signed
on behalf of a person by his authorized representative other than an executive
officer or general partner of the filing person, evidence of the
representative's authority to sign on behalf of such person shall be filed with
the statement, provided, however, that a power of attorney for this purpose
which is already on file with the Commission may be incorporated by reference.
The name and any title of each person who signs the statement shall be typed or
printed beneath his signature.
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Sec. 240.13d-7 for other
parties for whom copies are to be sent.
Attention: Intentional misstatements or omissions of fact constitute
Federal criminal violations (See 18 U.S.C. 1001)
Item 1(a) Name of Issuer:
Daleen Technologies, Inc.
Item 1(b) Address of Issuer's Principal Executive Offices:
902 Clint Moore Road
Boca Raton, FL 33487
Item 2(a) Name of Person Filing:
This filing is made on behalf of HarbourVest
Partners, LLC ("HarbourVest"), Edward W. Kane ("Kane")
and D. Brooks Zug ("Zug").
Item 2(b) Address of the Principal Offices:
The principal business office of each reporting person is
One Financial Center 44th floor, Boston, Massachusetts 02111.
Item 2(c) Citizenship:
HarbourVest is organized and exists under the laws of
the State of Delaware. Kane and Zug are United States
citizens.
Item 2(d) Title of Class of Securities:
Common Stock
Item 2(e) CUSIP Number:
23437N104
Item 3 If the Statement is being filed pursuant to Rule 13d-1(b), or
13d-2(b), check whether the person filing is a:
HarbourVest: (e)(X) Investment Adviser registered under
ss.203 of the Investment Advisers Act
of 1940.
Kane: Not Applicable
Zug: Not Applicable
PAGE 5 OF 8 PAGES
<PAGE>
Item 4 Ownership:
(a) Amount Beneficially Owned: HarbourVest has beneficial ownership of
5,068,063 shares of Common Stock. HarbourVest is the managing member
of HVP V-Direct Associates L.L.C., which is the general partner of
HarbourVest Partners V-Direct Fund L.P. ("Fund V"). Fund V is the
record and ultimate owner of the foregoing securities. HarbourVest,
in its capacity as managing member of the general partner of Fund V,
has the sole power to vote and dispose of the securities held by
Fund V. Messrs. Kane and Zug are Managing Members of HarbourVest. As
such, they share the voting control of HarbourVest. While neither of
them owns of record any shares of Daleen Technologies, Inc., as the
result of their positions, Kane and Zug may be deemed to be
beneficial owners of and to have the power to exercise or to direct
the exercise of voting and/or dispositive power with respect to the
shares reported herein. Messrs. Kane and Zug disclaim beneficial
ownership over any of the reported securities which they may be
deemed to beneficially own.
(b) Percent of Class: 23.8% of the Common Stock.
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: HarbourVest has sole
power to vote or to direct the vote of 5,068,063 shares of
Common Stock.
(ii) shared power to vote or to direct the vote: Kane and Zug share
the power to vote 5,068,063 share of common stock.
(iii) sole power to dispose or to direct the disposition of:
HarbourVest has sole power to dispose or to direct the
disposition of 5,068,063 shares of Common Stock.
(iv) shared power to dispose or to direct the disposition of: Kane
and Zug share the power to dispose of 5,068,063 shares of
common stock.
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:
See Item 4 above.
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
Not applicable.
Item 9 Notice of Dissolution of a Group:
Not applicable.
Item 10 Certification:
By signing below the undersigned certifies that, to the best of
its knowledge and belief, the securities referred to above were
acquired in the ordinary course of business and were not acquired
for the purpose of and do not have the effect of changing or
influencing the control of the issuer of such securities and were
not acquired in connection with or as a participant in any
transaction having such purpose or effect.
PAGE 6 OF 8 PAGES
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of its knowledge and belief, each
of the undersigned certifies that the information set forth in this statement is
true, complete and correct.
Dated: February 11, 2000 HarbourVest Partners, LLC
By: /s/ Martha D. Vorlicek
---------------------------
Name: Martha D. Vorlicek
Title: Managing Director
Dated: February 11, 2000 Edward W. Kane
By: /s/ Edward W. Kane
---------------------------
Name: Edward W. Kane
Dated: February 11, 2000 D. Brooks Zug
By: /s/ D. Brooks Zug
---------------------------
Name: D. Brooks Zug
PAGE 7 OF 8 PAGES
<PAGE>
EXHIBIT A
JOINT FILING AGREEMENT
HarbourVest Partners, LLC, Edward W. Kane and D. Brooks Zug agree that the
Schedule 13G, to which this Agreement is attached, relating to the Common Stock
of Daleen Technologies, Inc., is filed on behalf of each of them.
Dated: February 11, 2000 HarbourVest Partners, LLC
By: /s/ Martha D. Vorlicek
---------------------------
Name: Martha D. Vorlicek
Title: Managing Director
Dated: February 11, 2000 Edward W. Kane
By: /s/ Edward W. Kane
---------------------------
Name: Edward W. Kane
Dated: February 11, 2000 D. Brooks Zug
By: /s/ D. Brooks Zug
---------------------------
Name: D. Brooks Zug
PAGE 8 OF 8 PAGES
