SS&C TECHNOLOGIES INC
SC 13G, 1999-02-11
PREPACKAGED SOFTWARE
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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. 1)

                             SS&C Technologies, Inc.
                             -----------------------
                                (Name of Issuer)

                     Common Stock, par value $.01 per share
                     --------------------------------------
                         (Title of Class of Securities)

                                    85227Q100
                                    ---------
                                 (CUSIP Number)


*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
disclosures provided in a prior cover page.

The information required on the reminder 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>

CUSIP NO.  85227Q100                   13G                     Page 2 of 7 pages

- --------------------------------------------------------------------------------
1        Name of Reporting Person             General Atlantic Partners 15, L.P.
         S.S. or I.R.S. Identifica-
         tion No. of Above Person
- --------------------------------------------------------------------------------
2        Check the Appropriate Box            (a) [X]
         if a Member of a Group               (b) [ ]
- --------------------------------------------------------------------------------
3        S.E.C. Use Only

- --------------------------------------------------------------------------------
4        Citizenship or Place of Organization     Delaware

- --------------------------------------------------------------------------------
Number of Shares           (5)   Sole Voting Power                  0
Beneficially               (6)   Shared Voting Power                2,645,140
Owned by Each              (7)   Sole Dispositive Power             0
Reporting Person           (8)   Shared Dispositive Power           2,645,140

- --------------------------------------------------------------------------------
9.       Aggregate Amount Beneficially Owned by Each Reporting Person
         2,645,140

- --------------------------------------------------------------------------------
10.      Check if the Aggregate Amount in Row (9) Excludes Certain
         Shares                                                        ______

- --------------------------------------------------------------------------------
11.      Percent of Class Represented by Amount in Row 9      18.1%

- --------------------------------------------------------------------------------
12.      Type of Reporting Person                             PN

- --------------------------------------------------------------------------------

<PAGE>

CUSIP NO.  85227Q100                   13G                     Page 3 of 7 pages

- --------------------------------------------------------------------------------
1.       Name of Reporting Person             GAP Coinvestment Partners, L.P.
         S.S. or I.R.S. Identifica-
         tion No. of Above Person
- --------------------------------------------------------------------------------
2.       Check the Appropriate Box            (a) [X]
         if a Member of a Group               (b) [ ]
- --------------------------------------------------------------------------------
3.       S.E.C. Use Only

- --------------------------------------------------------------------------------
4.       Citizenship or Place of Organization     New York

- --------------------------------------------------------------------------------
Number of Shares           (5)   Sole Voting Power                  0
Beneficially               (6)   Shared Voting Power                2,645,140
Owned by Each              (7)   Sole Dispositive Power             0
Reporting Person           (8)   Shared Dispositive Power           2,645,140

- --------------------------------------------------------------------------------
9.       Aggregate Amount Beneficially Owned by Each Reporting Person
         2,645,140

- --------------------------------------------------------------------------------
10.      Check if the Aggregate Amount in Row (9) Excludes Certain
         Shares                                                        ______

- --------------------------------------------------------------------------------
11.      Percent of Class Represented by Amount in Row 9      18.1%

- --------------------------------------------------------------------------------
12.      Type of Reporting Person                             PN

- --------------------------------------------------------------------------------
<PAGE>

CUSIP NO.  85227Q100                                           Page 4 of 7 pages

                         AMENDMENT NO. 1 TO SCHEDULE 13G
                         -------------------------------

         This Amendment No. 1 to Schedule 13G (this "Amendment") is filed by the
undersigned to amend and restate in its entirety the Schedule 13G, dated as of 
February 13, 1997 (the "Statement"), with respect to the shares of common stock,
par value $.01 per share (the "Common Stock"), of SS&C Technologies, Inc. (the
"Company").


Item 1.     (a)      Name of Issuer

            SS&C Technologies, Inc.

            (b)      Address of Issuer's Principal Executive Offices

            Corporate Place
            705 Bloomfield Avenue
            Bloomfield, CT 06002

Item 2.     (a)      Names of Persons Filing

            General Atlantic Partners 15, L.P. ("GAP 15")
            GAP Coinvestment Partners, L.P. ("GAPCO" and, together with
            GAP 15, the "Reporting Persons")

            (b)      Address of Principal Business Office

            c/o General Atlantic Service Corporation
            3 Pickwick Plaza
            Greenwich, CT 06830

            (c)      Citizenship

            GAP 15 -- Delaware
            GAPCO -- New York

            (d)      Title of Class of Securities

            Common Stock, par value $.01 per share (the "Shares")

            (e)      CUSIP Number

            85227Q100

Item 3.     This statement is not filed pursuant to either Rule 13d-1(b) or 
            13d-2(b).
<PAGE>

CUSIP NO.  85227Q100                                           Page 5 of 7 pages


Item 4.     As of December 31, 1998, GAP 15 and GAPCO owned of record 2,424,910
            Shares and 220,230 Shares, respectively, or 16.6% and 1.5%,
            respectively, of the issued and outstanding Shares. The general
            partner of GAP 15 is General Atlantic Partners, LLC, a Delaware
            limited liability company ("GAP"). The managing members of GAP are
            Steven A. Denning, Peter L. Bloom, J. Michael Cline, William E.
            Ford, William O. Grabe, David C. Hodgson and Franchon M. Smithson
            (collectively, the "GAP Managing Members"). Stephen P. Reynolds, who
            is a special advisor to GAP, is a director of the Company. The GAP
            Managing Members are the general partners of GAPCO. By virtue of the
            fact that the GAP Managing Members are also the general partners
            authorized and empowered to vote and dispose of the securities held
            by GAPCO, the Reporting Persons may be deemed to share voting power
            and the power to direct the disposition of the Shares which each of
            them owns of record. Accordingly, as of December 31, 1998, each of
            the Reporting Persons may be deemed to own beneficially an aggregate
            of 2,645,140 Shares or 18.1% of the issued and outstanding Shares.
            Each of the Reporting Persons has the shared power to direct the
            vote and the shared power to direct the disposition of the 2,645,140
            Shares that may be deemed to be owned beneficially by each of them.

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.

Item 7.     Identification and Classification of 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

            See Item 4.

Item 9.     Notice of Dissolution of Group

            Not applicable.
<PAGE>

CUSIP NO.  85227Q100                                           Page 6 of 7 pages


Item 10.    Certification

            Not applicable.

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]
<PAGE>

CUSIP NO.  85227Q100                                           Page 7 of 7 pages

                                   SIGNATURES

         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.

Dated: February __, 1999

                                          GENERAL ATLANTIC PARTNERS 15, L.P.

                                          By: GENERAL ATLANTIC PARTNERS, LLC
                                              its General Partner

                                              By: /s/ Thomas J. Murphy
                                              ------------------------
                                              Name:  Thomas J. Murphy
                                              Title: Attorney-in-Fact


                                          GAP COINVESTMENT PARTNERS, L.P.

                                          By: /s/ Thomas J. Murphy
                                          ------------------------
                                          Name:  Thomas J. Murphy
                                          Title: Attorney-in-Fact
<PAGE>

                                                                  EXECUTION COPY

                         GAP COINVESTMENT PARTNERS, L.P.
                                3 Pickwick Plaza
                               Greenwich, CT 06830

                                                                 January 1, 1999

                                POWER OF ATTORNEY

         The undersigned, GAP Coinvestment Partners, L.P., a New York limited
partnership, with its principal office at 3 Pickwick Plaza, Greenwich,
Connecticut, United States of America (the "Partnership"), by its Managing
General Partner, Steven A. Denning, a U.S. citizen, of full legal age, domiciled
at 16 Khakum Drive, Greenwich, CT 06831, hereby constitutes and appoints Thomas
J. Murphy, a U.S. citizen, of full legal age, domiciled at 169 E. 90th Street,
Apt. 5, New York, NY 10128, its true and lawful attorney-in-fact and agent, in
any and all capacities, to execute and deliver any and all documents and
instruments and to make any governmental filings on behalf of the Partnership as
fully to all intents and purposes as a General Partner might or could do in
person, hereby ratifying and confirming all that said attorney-in-fact may
lawfully do or cause to be done. This power of attorney shall expire on December
31, 1999.

                                            GAP COINVESTMENT PARTNERS, L.P.


                                            By: /s/ Steven A. Denning
                                            -------------------------
                                            Steven A. Denning
                                            Managing General Partner

STATE OF   Connecticut)

                        : ss. ###-##-####

COUNTY OF  Fairfield  )

         On the 30th day of January 1999, before me personally came Steven A.
Denning, to me known, and known to me to be the individual described in, and who
executed the foregoing document, and he acknowledged to me that he executed the
same.

Sheila Hughes                               Notary Public
<PAGE>

                                                                  EXECUTION COPY

                         GENERAL ATLANTIC PARTNERS, LLC
                                3 Pickwick Plaza
                               Greenwich, CT 06830

                                                                 January 1, 1999

                                POWER OF ATTORNEY

         The undersigned, General Atlantic Partners, LLC, a Delaware limited
liability company, with its principal office at 3 Pickwick Plaza, Greenwich,
Connecticut, United States of America (the "Limited Liability Company"), by its
Managing Member, Steven A. Denning, a U.S. citizen, of full legal age, domiciled
at 16 Khakum Drive, Greenwich, CT 06831, hereby constitutes and appoints Thomas
J. Murphy, a U.S. citizen, of full legal age, domiciled at 169 E. 90th Street,
Apt. 5, New York, NY 10128, its true and lawful attorney-in-fact and agent, in
any and all capacities, to execute and deliver any and all documents and
instruments and to make any governmental filings on behalf of the Limited
Liability Company as fully to all intents and purposes as a Managing Member
might or could do in person, hereby ratifying and confirming all that said
attorney-in-fact may lawfully do or cause to be done. This power of attorney
shall expire on December 31, 1999.

                                            GENERAL ATLANTIC PARTNERS, LLC


                                            By: /s/ Steven A. Denning
                                            -------------------------
                                            Steven A. Denning
                                            Managing Member

STATE OF   Connecticut)

                        : ss. ###-##-####

COUNTY OF  Fairfield  )

         On the 30th day of January 1999, before me personally came Steven A.
Denning, to me known, and known to me to be the individual described in, and who
executed the foregoing document, and he acknowledged to me that he executed the
same.

Sheila Hughes                               Notary Public


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