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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. _____)*
ITXC Corp.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
- --------------------------------------------------------------------------------
(Title of Class of Securities)
45069F109
------------------------------
(CUSIP Number)
Decemeber 31,1999
- --------------------------------------------------------------------------------
(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).
Page 1 of 14 pages
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CUSIP NO. 45069F109 13G Page 2 of 14
- ---------------------------- -------------------------
- ------------------------------------------------------------------------------
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Spectrum Equity Investors II, L.P.
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Delaware
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF -0-
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
4,649,000
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING -0-
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
4,649,000
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
4,649,000
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
10 (SEE INSTRUCTIONS)
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11
12.994%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
12
PN
- ------------------------------------------------------------------------------
Act but shall be subject to all other provisions of the Act (however, see
the Notes).
SEC 1745 (3-98)
Page 2 of 14 pages
<PAGE>
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CUSIP NO. 45069F109 13G Page 3 of 14
- ---------------------------- -------------------------
- ------------------------------------------------------------------------------
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Spectrum Equity Associates II, L.P.
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Delaware
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF -0-
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
4,649,000
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING -0-
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
4,649,000
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
4,649,000
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
10 (SEE INSTRUCTIONS)
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11
12.994%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
12
PN
- ------------------------------------------------------------------------------
Page 3 of 14 pages
<PAGE>
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CUSIP NO. 45069F109 13G Page 4 of 14
- ---------------------------- -------------------------
- ------------------------------------------------------------------------------
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Brion B. Applegate
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
United States
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF -0-
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
4,649,000
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING -0-
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
4,649,000
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
4,649,000
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
10 (SEE INSTRUCTIONS)
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11
12.994%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
12
IN
- ------------------------------------------------------------------------------
Page 4 of 14 pages
<PAGE>
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CUSIP NO. 45069F109 13G Page 5 of 14
- ---------------------------- -------------------------
- ------------------------------------------------------------------------------
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
William P. Collatos
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
United States
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF -0-
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
4,649,000
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING -0-
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
4,649,000
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
4,649,000
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
10 (SEE INSTRUCTIONS)
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11
12.994%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
12
IN
- ------------------------------------------------------------------------------
Page 5 of 14 pages
<PAGE>
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CUSIP NO. 45069F109 13G Page 6 of 14
- ---------------------------- -------------------------
- ------------------------------------------------------------------------------
NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Kevin J. Maroni
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
United States
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF -0-
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
4,649,000
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING -0-
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
4,649,000
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
4,649,000
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
10 (SEE INSTRUCTIONS)
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11
12.994%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
12
IN
- ------------------------------------------------------------------------------
Page 6 of 14 pages
<PAGE>
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CUSIP NO. 45069F109 13G Page 7 of 14
- ---------------------------- -------------------------
Schedule 13G
------------
Item 1(a). Name of Issuer: ITXC Corp. (the "Issuer").
--------------
Item 1(b). Address of Issuer's Principal Executive Offices: 600 College Road
------------------------------------------------
East, Princeton, New Jersey 08540
Item 2(a). Names of Persons Filing: Spectrum Equity Investors II, L.P. ("SEI II
-----------------------
LP"), and Spectrum Equity Associates II, L.P. ("SEA II LP"), which
is the sole general partner of SEI II LP, and Messrs. Brion B.
Applegate, William P. Collatos and Kevin J. Maroni (the "General
Partners II"), each of whom is a general partner of SEA II LP. The
persons named in this paragraph are sometimes referred to herein
individually as a "Reporting Person" and collectively as the
"Reporting Persons".)
Item 2(b). Address of Principal Business Office or, if None, Residence: The
-----------------------------------------------------------
principal business office of SEI II LP, SEA II LP, SEI 1998, and
William P. Collatos and Kevin J. Maroni is One International Place,
29/th/ Floor, Boston, Massachusetts, 02110. The principal business
office of Brion B. Applegate is 333 Middlefield Road, Suite 200,
Menlo Park, California, 94025.
Item 2(c). Citizenship: Each of SEI II LP and SEA II LP are limited
-----------
partnerships formed under the laws of the State of Delaware. Each of
the General Partners is a United States citizen.
Item 2(d). Title of Class of Securities: Common Stock, $.01 par value per
----------------------------
share.
Item 2(e). CUSIP Number: 45069F109
-------------
Item 3. If this statement if filed pursuant to Rules 13d-1(b), or 13d-2(b),
-------------------------------------------------------------------
check whether the person filing is a:
------------------------------------
(a) [ ] Broker or Dealer registered under Section 15 of the
Securities Exchange Act of 1934 (the "Act").
(b) [ ] Bank as defined in Section 3(a)(6) of the Act.
(c) [ ] Insurance Company as defined in Section 3(a)(19) of the
Act.
(d) [ ] Investment Company registered under Section 8 of the
Investment Company Act of 1940.
(e) [ ] Investment Advisor registered under Section 203 of the
Investment Advisers Act of 1940.
(f) [ ] Employee Benefit Plan, Pension Fund which is subject to
the provisions of the Employee Retirement Income Security
Act of 1974 or Endowment Fund; see Rule 13d-1(b)(1)(ii)(f)
of the Act.
(g) [ ] Parent Holding Company, in accordance with Rule 13d-
1(b)(ii)(G) of the Act.
(h) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(H) of the
Act.
Not Applicable.
Item 4. Ownership.
---------
Page 7 of 14 pages
<PAGE>
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CUSIP NO. 45069F109 13G Page 8 of 14
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(a) Amount Beneficially Owned: SEI II LP holds of record 4,649,000
shares of Common Stock of the Issuer (the "Record Shares"). SEA
II LP, as the sole general partner of SEI II LP, may be deemed to
beneficially own all of the Record Shares. Each General Partner,
as a general partner of SEA II LP, may be deemed to beneficially
own all of the Record Shares.
(b) Percent of Class: 12.994% for each Reporting Person (based on
the 35,777,366 shares of Common Stock reported to be outstanding
on September 30, 1999 in the Issuer's 10Q and including for
purposes of calculation of beneficial ownership the securities of
the Issuer held by the SEI II LP and SEI 1998).
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: no shares
(ii) shared power to vote or to direct the vote: 4,649,000
shares
(iii) sole power to dispose or direct the disposition of: no
shares
(iv) shared power to dispose or direct the disposition of:
4,649,000 shares
Each Reporting Person expressly disclaims beneficial ownership of any
securities of the Issuer not held of record by such Reporting Person.
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.
--------------------------------------------------------
Not Applicable.
Item 8. Identification and Classification of Members of the Group.
---------------------------------------------------------
Not Applicable.
Item 9. Notice of Dissolution of Group.
------------------------------
Not Applicable.
Item 10. Certification.
-------------
Not Applicable. This statement on Schedule 13G is not filed pursuant
to Rule 13d-1(b).
Page 8 of 14 pages
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CUSIP No. 45069F109 13G Page 9 of 14
- ----------------------- --------------------
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.
Date: February __, 2000
SPECTRUM EQUITY INVESTORS II, L.P.
By: Spectrum Equity Associates II, L.P.
Its Sole General Partner
By:______________________________
General Partner
Page 9 of 14 pages
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CUSIP No. 45069F109 13G Page 10 of 14
- ----------------------- --------------------
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.
Date: February __, 2000
SPECTRUM EQUITY INVESTORS II, L.P.
By: ___________________________
General Partner
Page 10 of 14 pages
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CUSIP No. 45069F109 13G Page 11 of 14
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.
Date: February __, 2000
______________________________
Brion B. Applegate
Page 11 of 14 pages
<PAGE>
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CUSIP No. 45069F109 13G Page 12 of 14
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.
Date: February __, 2000
______________________________
William P. Collatos
Page 12 of 14 pages
<PAGE>
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CUSIP No. 45069F109 13G Page 13 of 14
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.
Date: February 14, 2000
/s/ Kevin J. Maroni
---------------------------------
Kevin J. Maroni
Page 13 of 14 pages
<PAGE>
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CUSIP No. 45069F109 13G Page 14 of 14
- ----------------------- --------------------
Exhibit 1
---------
AGREEMENT
---------
Pursuant to Rule 13d-1(f)(1) under the Securities Exchange Act of 1934, the
undersigned hereby agree that only one statement containing the information
required by Schedule 13G need be filed with respect to the beneficial ownership
by each of the undersigned
Executed this 14th day of February 2000.
SPECTRUM EQUITY INVESTORS II,L.P.
By: Spectrum Equity Associates, II L.P.
Its Sole General Partner
By: /s/ William P. Collatos
----------------------------
General Partner
SPECTRUM EQUITY ASSOCIATES II, L.P.
By: /s/ William P. Collatos
--------------------------------
General Partner
/s/ Brion B. Applegate
------------------------------------
Brion B. Applegate
/s/ William P. Collatos
------------------------------------
William P. Collatos
/s/ Kevin J. Maroni
------------------------------------
Kevin J. Maroni
Page 14 of 14 pages
