<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. ___ )*
PSW Technologies, Inc.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
- --------------------------------------------------------------------------------
(Title of Class of Securities)
69364J 103
------------------------------------------------
(CUSIP Number)
October 14, 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)
[X] Rule 13d-1(c)
[ ] 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>
SCHEDULE 13G
- --------------------------------------------------------------------------------
CUSIP No. 69364J 103 Page 2 of 22 Pages
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
<S> <C> <C>
- -----------------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON Technology Crossover Ventures, L.P.
See Item 2 for identification of General Partner
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
- -----------------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a)[_]
(b)[X]
- ------------------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ------------------------------------------------------------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 154,698(A)
BENEFICIALLY ----------------------------------------------------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH 0(A)
REPORTING ----------------------------------------------------------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH 154,698(A)
----------------------------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0(A)
- ------------------------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
154,698(A)
- -----------------------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS) [X]
- -----------------------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.7%
- ------------------------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
(A) Excludes an aggregate of 527,502 shares owned beneficially by the other
reporting persons indicated in this Schedule 13G, as to which this
reporting person disclaims beneficial ownership.
<PAGE>
SCHEDULE 13G
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CUSIP No. 69364J 103 Page 3 of 22 Pages
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
<S> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON Technology Crossover Ventures, C.V.
See Item 2 for a list of General Partners
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
- ------------------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a)[_]
(b)[X]
- ------------------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Netherlands Antilles
- ------------------------------------------------------------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 12,252(A)
BENEFICIALLY ---------------------------------------------------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH 0(A)
REPORTING ---------------------------------------------------------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH 12,252(A)
---------------------------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0(A)
- ------------------------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
12,252(A)
- ------------------------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [X]
(SEE INSTRUCTIONS)
- ------------------------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.1%
- ------------------------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
(A) Excludes an aggregate of 669,948 shares owned beneficially by the other
reporting persons indicated in this Schedule 13G, as to which this reporting
person disclaims beneficial ownership.
<PAGE>
SCHEDULE 13G
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CUSIP No. 69364J 103 Page 4 of 22 Pages
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
<S> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON Technology Crossover Management, L.L.C.
See Item 2 for list of Managing Members
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
- ------------------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a)[_]
(b)[X]
- ------------------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ------------------------------------------------------------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 166,950(A)
BENEFICIALLY ---------------------------------------------------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH 0(A)
REPORTING ---------------------------------------------------------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH 166,950(A)
---------------------------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0(A)
- ------------------------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
166,950(A)
- ------------------------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [X]
(SEE INSTRUCTIONS)
- ------------------------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.8%
- ------------------------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
(A) Excludes an aggregate of 515,250 shares owned beneficially by the other
reporting persons indicated in this Schedule 13G, as to which this
reporting person disclaims beneficial ownership.
<PAGE>
SCHEDULE 13G
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CUSIP No. 69364J 103 Page 5 of 22 Pages
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
<S> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON Technology Crossover Ventures II, L.P.
See Item 2 for identification of General Partner
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
- ------------------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a)[_]
(b)[X]
- ------------------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ------------------------------------------------------------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 246,483(A)
BENEFICIALLY ---------------------------------------------------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH 0(A)
REPORTING ---------------------------------------------------------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH 246,483(A)
---------------------------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0(A)
- ------------------------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
246,483(A)
- ------------------------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [X]
(SEE INSTRUCTIONS)
- ------------------------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
2.7%
- ------------------------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
(A) Excludes an aggregate of 435,717 shares owned beneficially by the other
reporting persons indicated in this Schedule 13G, as to which this reporting
person disclaims beneficial ownership.
<PAGE>
SCHEDULE 13G
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CUSIP No. 69364J 103 Page 6 of 22 Pages
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
<S> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON TCV II (Q), L.P.
See Item 2 for identification of General Partner
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
- ------------------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a)[_]
(b)[X]
- ------------------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ------------------------------------------------------------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 189,497(A)
BENEFICIALLY ---------------------------------------------------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH 0(A)
REPORTING ---------------------------------------------------------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH 189,497(A)
---------------------------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0(A)
- ------------------------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
189,497(A)
- ------------------------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [X]
(SEE INSTRUCTIONS)
- ------------------------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
2.1%
- ------------------------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
(A) Excludes an aggregate of 492,703 shares owned beneficially by the other
reporting persons indicated in this Schedule 13G, as to which this
reporting person disclaims beneficial ownership.
<PAGE>
SCHEDULE 13G
- --------------------------------------------------------------------------------
CUSIP No. 69364J 103 Page 7 of 22 Pages
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
<S> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON TCV II Strategic Partners, L.P.
See Item 2 for identification of General Partner
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
- ------------------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a)[_]
(b)[X]
- ------------------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ------------------------------------------------------------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 33,629 (A)
BENEFICIALLY ---------------------------------------------------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH 0(A)
REPORTING ---------------------------------------------------------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH 33,629 (A)
---------------------------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0(A)
- ------------------------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
33,629 (A)
- ------------------------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [X]
(SEE INSTRUCTIONS)
- ------------------------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.4%
- ------------------------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
(A) Excludes an aggregate of 648,571 shares owned beneficially by the other
reporting persons indicated in this Schedule 13G, as to which this
reporting person disclaims beneficial ownership.
<PAGE>
SCHEDULE 13G
- --------------------------------------------------------------------------------
CUSIP No. 69364J 103 Page 8 of 22 Pages
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
<S> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON Technology Crossover Ventures II, C.V.
See Item 2 for a list of General Partners
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
- ------------------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a)[_]
(b)[X]
- ------------------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Netherlands Antilles
- ------------------------------------------------------------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 37,634(A)
BENEFICIALLY ---------------------------------------------------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH 0(A)
REPORTING ---------------------------------------------------------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH 37,634(A)
---------------------------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0(A)
- ------------------------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
37,634(A)
- ------------------------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [X]
(SEE INSTRUCTIONS)
- ------------------------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.4%
- ------------------------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
(A) Excludes an aggregate of 644,566 shares owned beneficially by the other
reporting persons indicated in this Schedule 13G, as to which this
reporting person disclaims beneficial ownership.
<PAGE>
SCHEDULE 13G
- --------------------------------------------------------------------------------
CUSIP No. 69364J 103 Page 9 of 22 Pages
- --------------------------------------------------------------------------------
<TABLE>
<S> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON TCV II, V.O.F.
See Item 2 for a list of Managing General Partners
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
- ------------------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a)[_]
(b)[X]
- ------------------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Netherlands Antilles
- ------------------------------------------------------------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 8,007(A)
BENEFICIALLY ---------------------------------------------------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH 0(A)
REPORTING ---------------------------------------------------------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH 8,007(A)
---------------------------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0(A)
- ------------------------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,007(A)
- ------------------------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [X]
(SEE INSTRUCTIONS)
- ------------------------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.1%
- ------------------------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
(A) Excludes an aggregate of 674,193 shares owned beneficially by the other
reporting persons indicated in this Schedule 13G, as to which this
reporting person disclaims beneficial ownership.
<PAGE>
SCHEDULE 13G
- --------------------------------------------------------------------------------
CUSIP No. 69364J 103 Page 10 of 22 Pages
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
<S> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON Technology Crossover Management II, L.L.C.
See Item 2 for a list of Managing Members
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
- ------------------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a)[_]
(b)[X]
- ------------------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ------------------------------------------------------------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 515,250 (A)
BENEFICIALLY ---------------------------------------------------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH 0(A)
REPORTING ---------------------------------------------------------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH 515,250 (A)
---------------------------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0(A)
- ------------------------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
515,250 (A)
- ------------------------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [X]
(SEE INSTRUCTIONS)
- ------------------------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.6%
- ------------------------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
(A) Excludes an aggregate of 166,950 shares owned beneficially by the other
reporting persons indicated in this Schedule 13G, as to which this
reporting person disclaims beneficial ownership.
<PAGE>
SCHEDULE 13G
- --------------------------------------------------------------------------------
CUSIP No. 69364J 103 Page 11 of 22 Pages
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
<S> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON Jay C. Hoag
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
- ------------------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a)[_]
(b)[X]
- ------------------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. Citizen
- ------------------------------------------------------------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 0
BENEFICIALLY ---------------------------------------------------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH 682,200
REPORTING ---------------------------------------------------------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH 682,200
---------------------------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
- ------------------------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
682,200
- ------------------------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [_]
(SEE INSTRUCTIONS)
- ------------------------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.5%
- ------------------------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
SCHEDULE 13G
- --------------------------------------------------------------------------------
CUSIP No. 69364J 103 Page 12 of 22 Pages
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
<S> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON Richard H. Kimball
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
- ------------------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a)[_]
(b)[X]
- ------------------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. Citizen
- ------------------------------------------------------------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 0
BENEFICIALLY ---------------------------------------------------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH 682,200
REPORTING ---------------------------------------------------------------------------------------------------------
PERSON 7 SHARED DISPOSITIVE POWER
WITH 682,200
---------------------------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
- ------------------------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
682,200
- ------------------------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [_]
(SEE INSTRUCTIONS)
- ------------------------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.5%
- ------------------------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
SCHEDULE 13G
- --------------------------------------------------------------------------------
CUSIP No. 69364J 103 Page 13 of 22 Pages
- --------------------------------------------------------------------------------
Item 1.
(a) NAME OF ISSUER: PSW Technologies, Inc.
(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 6300 Bridgepoint
Parkway, Building 3, Suite 200, Austin, Texas 78730.
Item 2.
Set forth below is the following information with respect to each of
the persons filing this Schedule 13G (together, the "Filing Persons") and, in
addition, each of such person's managing partners or managing members, as the
case may be, and, if applicable, the persons controlling such managing partners
or managing members (such additional persons, together with the Filing Persons,
the "Item 2 Persons"): (a) name; (b) address of principal offices (if entity) or
residence or business address (if individual); (c) citizenship (if individual)
or jurisdiction of organization (if entity); (d) title of class of securities
and (e) CUSIP number.
I.
(a) Technology Crossover Ventures, L.P., a Delaware limited partnership
("TCV I, L.P."). The General Partner of TCV I, L.P. is Technology
Crossover Management, L.L.C., a Delaware limited liability company
("TCM I"). The sole Managing Members of TCM I are Jay C. Hoag
("Hoag") and Richard H. Kimball ("Kimball") .
(b) 575 High Street, Suite 400, Palo Alto, CA 94301
(c) Delaware
(d) Common Stock
(e) 69364J 103
II.
(a) Technology Crossover Ventures, C.V., a Netherlands Antilles limited
partnership ("TCV I, C.V."). The General Partners of TCV I, C.V.
are TCM I and Technology Crossover Administrator, N.V., a
Netherlands Antilles corporation ("TCA I"). TCA I is ultimately
controlled by Hoag and Kimball.
(b) Pietermaai 15, Willemstad, Curacao, Netherlands Antilles
(c) Netherlands Antilles
(d) Common Stock
(e) 69364J 103
III.
(a) Technology Crossover Management, L.L.C., a Delaware limited
liability company.
(b) 575 High Street, Suite 400, Palo Alto, CA 94301
(c) Delaware
(d) Common Stock
(e) 69364J 103
IV.
(a) Technology Crossover Administrator, N.V., a Netherlands Antilles
corporation.
(b) Pietermaai 15, Willemstad, Curacao, Netherlands Antilles
(c) Netherlands Antilles
(d) Common Stock
(e) 69364J 103
<PAGE>
SCHEDULE 13G
- --------------------------------------------------------------------------------
CUSIP No. 69364J 103 Page 14 of 22 Pages
- --------------------------------------------------------------------------------
V.
(a) Technology Crossover Ventures II, L.P., a Delaware limited
partnership ("TCV II, L.P."). The General Partner of TCV II, L.P.
is Technology Crossover Management II, L.L.C., a Delaware limited
liability company ("TCM II"). The sole Managing Members of TCM II
are Hoag and Kimball.
(b) 575 High Street, Suite 400, Palo Alto, CA 94301
(c) Delaware
(d) Common Stock
(e) 69364J 103
VI.
(a) TCV II (Q), L.P., a Delaware limited partnership ("TCV II (Q)").
The General Partner of TCV II (Q) is TCM II.
(b) 575 High Street, Suite 400, Palo Alto, CA 94301
(c) Delaware
(d) Common Stock
(e) 69364J 103
VII.
(a) TCV II Strategic Partners, L.P., a Delaware limited partnership
("TCV II Strategic Partners"). The General Partner of TCV II
Strategic Partners is TCM II.
(b) 575 High Street, Suite 400, Palo Alto, CA 94301
(c) Delaware
(d) Common Stock
(e) 69364J 103
VIII.
(a) Technology Crossover Ventures II, C.V., a Netherlands Antilles
limited partnership ("TCV II, C.V."). The General Partners of TCV
II, C.V. are TCM II and Technology Crossover Administrator II,
N.V., a Netherlands Antilles corporation ("TCA II"). TCA II is
ultimately controlled by Hoag and Kimball .
(b) Pietermaai 15, Willemstad, Curacao, Netherlands Antilles
(c) Netherlands Antilles
(d) Common Stock
(e) 69364J 103
IX.
(a) TCV II, V.O.F., a Netherlands Antilles general partnership ("TCV
II, V.O.F."). The Managing General Partners of TCV II, V.O.F. are
TCM II and TCA II .
(b) Pietermaai 15, Willemstad, Curacao, Netherlands Antilles
(c) Netherlands Antilles
(d) Common Stock
(e) 69364J 103
X.
(a) Technology Crossover Management II, L.L.C., a Delaware limited
liability company.
(b) 575 High Street, Suite 400, Palo Alto, CA 94301
(c) Delaware
(d) Common Stock
<PAGE>
SCHEDULE 13G
- --------------------------------------------------------------------------------
CUSIP No. 69364J 103 Page 15 of 22 Pages
- --------------------------------------------------------------------------------
(e) 69364J 103
XI.
(a) Technology Crossover Administrator II, N.V., a Netherlands Antilles
corporation.
(b) Pietermaai 15, Willemstad, Curacao, Netherlands Antilles
(c) Netherlands Antilles
(d) Common Stock
(e) 69364J 103
XII.
(a) Jay C. Hoag
(b) 575 High Street, Suite 400, Palo Alto, CA 94301
(c) U.S. citizen
(d) Common Stock
(e) 69364J 103
XIII.
(a) Richard H. Kimball
(b) 575 High Street, Suite 400, Palo Alto, CA 94301
(c) U.S. citizen
(d) Common Stock
(e) 69364J 103
Item 3.
Not Applicable
<PAGE>
SCHEDULE 13G
- --------------------------------------------------------------------------------
CUSIP No. 69364J 103 Page 16 of 22 Pages
- --------------------------------------------------------------------------------
Item 4.
(a), (b) and (c) Except to the extent otherwise expressly stated herein, this
Schedule 13G shall not be construed as an admission that any Item 2 Person is,
either for purposes of Section 13(d) or 13(g) of the Act or for other purposes,
the beneficial owner of any Common Stock disclosed in this Schedule 13G. The
aggregate number and percentage of the class of securities identified pursuant
to Item 1 of this Schedule 13G that, pursuant to Rule 13d-3, may be deemed to be
beneficially owned by each Item 2 Person are as follows:
<TABLE>
<CAPTION>
Common Stock Dispositive
------------ -----------
Item 2 Person Beneficially Owned % of Class(1) Voting Power Power
- ------------------------------- ------------------- ------------- ------------ -----------
<S> <C> <C> <C> <C>
TCV I, L.P. (2) 154,698 1.7% sole sole
TCV I, C.V. (2) 12,252 0.1% sole sole
TCM I 166,950 1.8% sole sole
TCA I 0 0% N/A N/A
TCV II, L.P. (3) 246,483 2.7% sole sole
TCV II (Q) (3) 189,497 2.1% sole sole
TCV II Strategic Partners (3) 33,629 0.4% sole sole
TCV II, C.V. (3) 37,634 0.4% sole sole
TCV II, V.O.F.(3) 8,007 0.1% sole sole
TCM II 515,250 5.6% sole sole
TCA II 0 0% N/A N/A
Hoag (4) 682,200 7.5% shared sole
Kimball (4) 682,200 7.5% shared sole
</TABLE>
____________________________________
(1) All percentages in this table are based, pursuant to Rule 13d-1(j) of the
Securities Exchange Act of 1934, on the 9,145,561 shares of Common Stock
of the Company outstanding as of July 31, 1998, as reported in the
Company's Quarterly Report on Form 10-Q.
(2) Each noted entity (together, the "TCV I Funds") is the holder of record of
the securities set forth opposite the name of such entity and has sole
voting and investment power with respect to such securities. TCM I, as
sole General Partner of TCV I, L.P. and as Investment General Partner of
TCV I, C.V., may also be deemed to have sole voting and investment power
with respect to such securities. TCM I disclaims beneficial ownership of
such securities except to the extent of its pecuniary interest therein.
(3) Each noted entity (together, the "TCV II Funds") is the holder of record
of the securities set forth opposite the name of such entity and has sole
voting and investment power with respect to such securities. TCM II, as
sole General Partner of TCV II, L.P., TCV II (Q) and TCV II Strategic
Partners and as Investment General Partner
<PAGE>
SCHEDULE 13G
- --------------------------------------------------------------------------------
CUSIP No. 69364J 103 Page 17 of 22 Pages
- --------------------------------------------------------------------------------
of TCV II, C.V. and TCV II, V.O.F., may also be deemed to have sole voting
and investment power with respect to such securities. TCM II disclaims
beneficial ownership of such securities except to the extent of its
pecuniary interest therein.
(4) Under the operating agreements of both TCM I and TCM II, Hoag and Kimball
have the independent power to cause the funds managed by such entities to
buy and sell securities of publicly traded portfolio companies, however,
in general, they must act by unanimous consent with respect to all other
matters, including directing the voting of such securities. As a result,
Hoag and Kimball may also be deemed to have sole dispositive power and
shared voting power with respect to the securities held by the TCV I Funds
and the TCV II Funds. Hoag and Kimball disclaim beneficial ownership of
such securities except to the extent of their respective pecuniary
interests therein.
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
By signing below I certify that, to the best of my knowledge and belief, the
securities referred to above were not acquired and are not held for the purpose
of or with the effect of changing or influencing the control of the issuer of
the securities and were not acquired and are not held in connection with or as a
participant in any transaction having that purpose or effect.
<PAGE>
SCHEDULE 13G
- --------------------------------------------------------------------------------
CUSIP No. 69364J 103 Page 18 of 22 Pages
- --------------------------------------------------------------------------------
MATERIAL TO BE FILED AS EXHIBITS.
--------------------------------
The following exhibit was filed as Exhibit A to the Schedule 13D relating to
the Common Stock of Digital Generation Systems, Inc. filed by the undersigned
with the Securities and Exchange Commission on September 5, 1997 (the
"Designated Filer Statement") and is hereby incorporated herein by reference,
except as updated by Exhibit B hereto:
A - Statement Appointing Designated Filer and Authorized Signer dated
September 5, 1997
The following exhibit is attached hereto:
B - October 23, 1998 Update to Exhibit A to the Designated Filer Statement
<PAGE>
SCHEDULE 13G
- --------------------------------------------------------------------------------
CUSIP No. 69364J 103 Page 19 of 22 Pages
- --------------------------------------------------------------------------------
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.
Dated October 23, 1998
TECHNOLOGY CROSSOVER VENTURES, L.P.,
a Delaware Limited Partnership
By: /s/ Robert C. Bensky
--------------------------------------
Robert C. Bensky, Authorized Signatory
TECHNOLOGY CROSSOVER VENTURES, C.V.,
a Netherlands Antilles Limited Partnership
By: /s/ Robert C. Bensky
--------------------------------------
Robert C. Bensky, Authorized Signatory
TECHNOLOGY CROSSOVER MANAGEMENT, L.L.C.,
a Delaware Limited Liability Company
By: /s/ Robert C. Bensky
--------------------------------------
Robert C. Bensky, Authorized Signatory
TECHNOLOGY CROSSOVER VENTURES II, L.P.,
a Delaware Limited Partnership
By: /s/ Robert C. Bensky
--------------------------------------
Robert C. Bensky, Authorized Signatory
TCV II (Q), L.P.,
a Delaware Limited Partnership
By: /s/ Robert C. Bensky
--------------------------------------
Robert C. Bensky, Authorized Signatory
TCV II STRATEGIC PARTNERS, L.P.,
a Delaware Limited Partnership
By: /s/ Robert C. Bensky
--------------------------------------
Robert C. Bensky, Authorized Signatory
TECHNOLOGY CROSSOVER VENTURES II, C.V.,
a Netherlands Antilles Limited Partnership
By: /s/ Robert C. Bensky
--------------------------------------
Robert C. Bensky, Authorized Signatory
<PAGE>
SCHEDULE 13G
- --------------------------------------------------------------------------------
CUSIP No. 69364J 103 Page 20 of 22 Pages
- --------------------------------------------------------------------------------
TCV II, V.O.F.,
a Netherlands Antilles General Partnership
By: /s/ Robert C. Bensky
--------------------------------------
Robert C. Bensky, Authorized Signatory
TECHNOLOGY CROSSOVER MANAGEMENT II, L.L.C.,
a Delaware Limited Liability Company
By: /s/ Robert C. Bensky
--------------------------------------
Robert C. Bensky, Authorized Signatory
Jay C. Hoag
By: /s/ Robert C. Bensky
--------------------------------------
Robert C. Bensky, Authorized Signatory
Richard H. Kimball
By: /s/ Robert C. Bensky
--------------------------------------
Robert C. Bensky, Authorized Signatory
<PAGE>
SCHEDULE 13G
- --------------------------------------------------------------------------------
CUSIP No. 69364J 103 Page 21 of 22 Pages
- --------------------------------------------------------------------------------
EXHIBIT B
---------
Exhibit A to Statement Appointing Designated Filer and Authorized Signer
------------------------------------------------------------------------
Updated Through October 23, 1998
--------------------------------
<TABLE>
<CAPTION>
Column I Column II Persons/Entities on Whose Behalf
- -------- --------- --------------------------------
Publicly Traded Company Designated Filer the Designated Filer May Act
- ----------------------- ---------------- ----------------------------
<S> <C> <C>
MemberWorks Incorporated Technology Crossover Technology Crossover Management, L.L.C.
Management II, L.L.C. Technology Crossover Ventures, L.P.
Technology Crossover Ventures, C.V.
Technology Crossover Management II, L.L.C.
Technology Crossover Ventures II, L.P.
TCV II (Q), L.P.
TCV II Strategic Partners, L.P.
Technology Crossover Ventures II, C.V.
TCV II, V.O.F.
Robert C. Bensky
Jay C. Hoag
Richard H. Kimball
Andrew B. Sessions
Marc S. Tesler
Claremont Technology Group, Inc. Technology Crossover Technology Crossover Management, L.L.C.
Management II, L.L.C. Technology Crossover Ventures, L.P.
Technology Crossover Ventures, C.V.
Technology Crossover Management II, L.L.C.
Technology Crossover Ventures II, L.P.
TCV II (Q), L.P.
TCV II Strategic Partners, L.P.
Technology Crossover Ventures II, C.V.
TCV II, V.O.F.
Robert C. Bensky
Jay C. Hoag
Richard H. Kimball
Andrew B. Sessions
Marc S. Tesler
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Column I Column II Persons/Entities on Whose Behalf
- -------- --------- --------------------------------
Publicly Traded Company Designated Filer the Designated Filer May Act
- ----------------------- ---------------- ----------------------------
<S> <C> <C>
Digital Generation Systems, Inc. Technology Crossover Technology Crossover Management, L.L.C.
Management II, L.L.C. Technology Crossover Ventures, L.P.
Technology Crossover Ventures, C.V.
Technology Crossover Management II, L.L.C.
Technology Crossover Ventures II, L.P.
TCV II (Q), L.P.
TCV II Strategic Partners, L.P.
Technology Crossover Ventures II, C.V.
TCV II, V.O.F.
Robert C. Bensky
Jay C. Hoag
Richard H. Kimball
Andrew B. Sessions
Marc S. Tesler
SQL Financials International, Inc. Technology Crossover Technology Crossover Management, L.L.C.
Management II, L.L.C. Technology Crossover Ventures, L.P.
Technology Crossover Ventures, C.V.
Technology Crossover Management II, L.L.C.
Technology Crossover Ventures II, L.P.
TCV II (Q), L.P.
TCV II Strategic Partners, L.P.
Technology Crossover Ventures II, C.V.
TCV II, V.O.F.
Robert C. Bensky
Jay C. Hoag
Richard H. Kimball
Andrew B. Sessions
Marc S. Tesler
PSW Technologies, Inc. Technology Crossover Technology Crossover Management, L.L.C.
Management II, L.L.C. Technology Crossover Ventures, L.P.
Technology Crossover Ventures, C.V.
Technology Crossover Management II, L.L.C.
Technology Crossover Ventures II, L.P.
TCV II (Q), L.P.
TCV II Strategic Partners, L.P.
Technology Crossover Ventures II, C.V.
TCV II, V.O.F.
Robert C. Bensky
Jay C. Hoag
Richard H. Kimball
Andrew B. Sessions
Marc S. Tesler
</TABLE>
