UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
-----------------------
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)
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Brio Technology, Inc.
(Name of Issuer)
Common Stock, par value $0.001 per share
(Title of Class of Securities)
109704106
(CUSIP Number)
Thomas J. Murphy
c/o General Atlantic Service Corporation
3 Pickwick Plaza
Greenwich, Connecticut 06830
Tel. No.: (203) 629-8600
(Name, Address and Telephone Number of
Person Authorized to Receive Notices
and Communications)
-----------------------
March 8, 2000
(Date of Event which Requires Filing
of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), 1(f) or 1(g), check the following box [ ].
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 13d-1(a) for other
parties to whom copies are to be sent.
*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 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>
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109704106 Page 2 of 11 Pages
- ------------------------ -------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
General Atlantic Partners, LLC
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)[X]
(b)[_]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
[_]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF -0-
SHARES ---------------------------------------------
BENEFICIALLY OWNED 8 SHARED VOTING POWER
BY EACH REPORTING
PERSON 2,982,258
WITH ---------------------------------------------
9 SOLE DISPOSITIVE POWER
-0-
---------------------------------------------
10 SHARED DISPOSITIVE POWER
2,982,258
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,982,258
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10.8%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
- --------------------------------------------------------------------------------
<PAGE>
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109704106 Page 3 of 11 Pages
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- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
General Atlantic Partners 43, L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)[X]
(b)[_]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
[_]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF -0-
SHARES ---------------------------------------------
BENEFICIALLY OWNED 8 SHARED VOTING POWER
BY EACH REPORTING
PERSON 2,982,258
WITH ---------------------------------------------
9 SOLE DISPOSITIVE POWER
-0-
---------------------------------------------
10 SHARED DISPOSITIVE POWER
2,982,258
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,982,258
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10.8%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
- --------------------------------------------------------------------------------
<PAGE>
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109704106 Page 4 of 11 Pages
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- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
General Atlantic Partners 18, L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)[X]
(b)[_]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
[_]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF -0-
SHARES ---------------------------------------------
BENEFICIALLY OWNED 8 SHARED VOTING POWER
BY EACH REPORTING
PERSON 2,982,258
WITH ---------------------------------------------
9 SOLE DISPOSITIVE POWER
-0-
---------------------------------------------
10 SHARED DISPOSITIVE POWER
2,982,258
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,982,258
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10.8%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
- --------------------------------------------------------------------------------
<PAGE>
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109704106 Page 5 of 11 Pages
- ------------------------ -------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
GAP Coinvestment Partners, L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)[X]
(b)[_]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
[_]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF -0-
SHARES ---------------------------------------------
BENEFICIALLY OWNED 8 SHARED VOTING POWER
BY EACH REPORTING
PERSON 2,982,258
WITH ---------------------------------------------
9 SOLE DISPOSITIVE POWER
-0-
---------------------------------------------
10 SHARED DISPOSITIVE POWER
2,982,258
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,982,258
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10.8%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
- --------------------------------------------------------------------------------
<PAGE>
109704106 Page 6 of 11 Pages
AMENDMENT NO. 2 TO SCHEDULE 13D
This Amendment No. 2 to Schedule 13D is filed by the undersigned to
amend and supplement the Schedule 13D, dated as of August 13, 1999 (the
"Original 13D"), as amended by Amendment No. 1 thereto, dated as of January 19,
2000 ("Amendment No. 1"), with respect to the shares of common stock, par value
$0.001 per share (the "Common Stock"), of Brio Technology, Inc., a Delaware
corporation (the "Company"). Capitalized terms used herein and not otherwise
defined shall have the meanings set forth in the Original 13D.
Item 2. Identity and Background.
Item 2 is hereby amended and restated in its entirety as follows:
This statement is being filed by a group, as defined in Rule 13d-5 of
the General Rules and Regulations under the Securities Exchange Act of 1934, as
amended (the "Exchange Act"). The members of the group are General Atlantic
Partners, LLC, a Delaware limited liability company ("GAP"), General Atlantic
Partners 18, L.P., a Delaware limited partnership ("GAP 18"), General Atlantic
Partners 43, L.P., a Delaware limited partnership ("GAP 43"), and GAP
Coinvestment Partners, L.P., a New York limited partnership ("GAPCO" and,
collectively with GAP, GAP 18 and GAP 43, the "Reporting Persons"), all of which
are located at 3 Pickwick Plaza, Greenwich, Connecticut 06830. Each of the
Reporting Persons is engaged in acquiring, holding and disposing of interests in
various companies for investment purposes. The general partner of each of GAP 18
and GAP 43 is GAP. The managing members of GAP are Steven A. Denning, Peter L.
Bloom, William E. Ford, William O. Grabe, David C. Hodgson, Clifton S. Robbins,
Franchon M.
<PAGE>
109704106 Page 7 of 11 Pages
Smithson and Matthew Nimetz (collectively, the "GAP Managing Members"). The GAP
Managing Members are also the general partners of GAPCO. The business address of
each of the GAP Managing Members is 3 Pickwick Plaza, Greenwich, Connecticut
06830, and the present principal occupation or employment of each of the GAP
Managing Members is as a managing member of GAP. Each of the GAP Managing
Members is a citizen of the United States.
None of the Reporting Persons and none of the above individuals has,
during the last five years, been (i) convicted in a criminal proceeding
(excluding traffic violations or similar misdemeanors) or (ii) a party to a
civil proceeding of a judicial or administrative body of competent jurisdiction
or subject to any judgment, decree or final order finding any violation of
federal or state securities laws or enjoining future violations of, or
prohibiting or mandating activities subject to, such laws.
Item 5. Interest in Securities of the Issuer.
Item 5 is hereby amended and restated in its entirety as follows:
(a) As of the date hereof, GAP, GAP 18, GAP 43 and GAPCO each own of
record no shares of Common Stock, 1,576,345 shares of Common Stock, 1,023,212
shares of Common Stock and 382,701 shares of Common Stock, respectively, or 0%,
5.7%, 3.7% and 1.4%, respectively, of the Company's issued and outstanding
shares of Common Stock.
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, and that GAP is the general partner of GAP 18 and GAP 43, the
Reporting Persons may be deemed to share voting power and the power to direct
the disposition of the shares of
<PAGE>
109704106 Page 8 of 11 Pages
Common Stock which each owns of record. Accordingly, as of the date hereof, each
of the Reporting Persons may be deemed to own beneficially an aggregate of
2,982,258 shares of Common Stock or 10.8% of the Company's issued and
outstanding shares of Common Stock.
(b) Each of the Reporting Persons has the shared power to direct the
vote and the shared power to direct the disposition of the 2,982,258 shares of
Common Stock that may be deemed to be owned beneficially by each of them.
(c) Between January 20, 2000 and March 9, 2000, GAP 18, GAP 43 and
GAPCO sold the following number of shares on the dates and for the aggregate
proceeds listed below, which, in the aggregate, amount to over 1% of the shares
of Common Stock outstanding as of February 9, 2000:
GAP 18
------
Date Shares Sold Net Price Per Share Proceeds
- ---- ----------- ------------------- --------
1/20/2000 35,679 $47.53120 1,695,865.68
1/21/2000 4,493 48.74880 219,028.36
3/03/2000 13,214 40.56500 536,025.91
3/06/2000 13,214 39.94000 527,767.16
3/07/2000 66,072 41.39000 2,734,720.08
3/08/2000 13,215 42.31500 559,192.73
3/09/2000 26,429 40.21500 1,062,842.24
GAP 43
------
1/20/2000 23,159 $47.53120 1,100,775.06
1/21/2000 2,916 48.74880 142,151.50
3/03/2000 8,577 40.56500 347,926.01
<PAGE>
109704106 Page 9 of 11 Pages
3/06/2000 8,577 39.94000 342,565.38
3/07/2000 42,888 41.39000 1,775,175.71
3/08/2000 8,577 42.31500 362,935.76
3/09/2000 17,155 40.21500 689,888.33
GAPCO
-----
1/20/2000 8,662 $47.53120 411,715.25
1/21/2000 1,091 48.74880 53,184.94
3/03/2000 3,209 40.56500 130,173.09
3/06/2000 3,209 39.94000 128,167.46
3/07/2000 16,039 41.39000 663,854.21
3/08/2000 3,208 42.31500 135,746.52
3/09/2000 6,416 40.21500 258,019.44
(d) No person other than the persons listed is known to have the right
to receive or the power to direct the receipt of dividends from, or the proceeds
from the sale of, any securities owned by any member of the group.
(e) Not Applicable.
Item 7. Materials to be Filed as Exhibits.
Exhibit 1: Incorporate by reference the Agreement relating to the
filing of joint acquisition statements as required by Rule
13d-1(f)(1) under the Securities Exchange Act of 1934, as
amended, filed as Exhibit 1 to the Original 13D, dated as of
August 13, 1999.
<PAGE>
109704106 Page 10 of 11 Pages
Exhibit 2: Incorporate by reference the Power of Attorney for GAP
filed as Exhibit 2 to Amendment No. 1, which provides Thomas
J. Murphy with the requisite power and authority to sign
this Amendment No. 2 on behalf of GAP.
Exhibit 3: Incorporate by reference the Power of Attorney for GAPCO
filed as Exhibit 3 to Amendment No. 1, which provides Thomas
J. Murphy with the requisite power and authority to sign
this Amendment No. 2 on behalf of GAPCO.
<PAGE>
109704106 Page 11 of 11 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 as of March 13, 2000
GENERAL ATLANTIC PARTNERS, LLC
By: /s/ Thomas J. Murphy
-----------------------------
Name: Thomas J. Murphy
Title: Attorney-In-Fact
GENERAL ATLANTIC PARTNERS 18, L.P.
By: General Atlantic Partners, LLC,
Its general partner
By: /s/ Thomas J. Murphy
-----------------------------
Name: Thomas J. Murphy
Title: Attorney-In-Fact
GENERAL ATLANTIC PARTNERS 43, 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
