UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. )*
Private Business, Inc.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, $.00 par value
- --------------------------------------------------------------------------------
(Title of Class of Securities)
74267D10
- --------------------------------------------------------------------------------
(CUSIP Number)
December 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 40 Pages
<PAGE>
- --------------------- -------------------
CUSIP NO. 74267D10 13G PAGE 2 OF 40 PAGES
- --------------------- -------------------
================================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Summit Ventures V, L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(a)[ ]
(b)[ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware limited partnership
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
0 shares
NUMBER OF -----------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 4,427,295 shares
EACH -----------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH: 0 shares
-----------------------------------------------------
8 SHARED DISPOSITIVE POWER
4,427,295 shares
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,427,295 shares
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES *
[ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
16.2%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
PN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- --------------------- -------------------
CUSIP NO. 74267D10 13G PAGE 3 OF 40 PAGES
- --------------------- -------------------
================================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Summit V Companion Fund, L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(a)[ ]
(b)[ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware limited partnership
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
0 shares
NUMBER OF -----------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 4,427,295 shares
EACH -----------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH: 0 shares
-----------------------------------------------------
8 SHARED DISPOSITIVE POWER
4,427,295 shares
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,427,295 shares
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES *
[ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
16.2%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
PN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- --------------------- -------------------
CUSIP NO. 74267D10 13G PAGE 4 OF 40 PAGES
- --------------------- -------------------
================================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Summit Partners V, L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(a)[ ]
(b)[ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware limited partnership
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
0 shares
NUMBER OF -----------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 4,427,295 shares
EACH -----------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH: 0 shares
-----------------------------------------------------
8 SHARED DISPOSITIVE POWER
4,427,295 shares
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,427,295 shares
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES *
[ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
16.2%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
PN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- --------------------- -------------------
CUSIP NO. 74267D10 13G PAGE 5 OF 40 PAGES
- --------------------- -------------------
================================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Summit Partners, LLC
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(a)[ ]
(b)[ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware limited liability company
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
0 shares
NUMBER OF -----------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 4,427,295 shares
EACH -----------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH: 0 shares
-----------------------------------------------------
8 SHARED DISPOSITIVE POWER
4,427,295 shares
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,427,295 shares
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES *
[ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
16.2%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
CO
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- --------------------- -------------------
CUSIP NO. 74267D10 13G PAGE 6 OF 40 PAGES
- --------------------- -------------------
================================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Summit Advisors Fund (QP), L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(a)[ ]
(b)[ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware limited partnership
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
0 shares
NUMBER OF -----------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 4,427,295 shares
EACH -----------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH: 0 shares
-----------------------------------------------------
8 SHARED DISPOSITIVE POWER
4,427,295 shares
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,427,295 shares
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES *
[ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
16.2%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
PN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- --------------------- -------------------
CUSIP NO. 74267D10 13G PAGE 7 OF 40 PAGES
- --------------------- -------------------
================================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Summit Advisors Fund, L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(a)[ ]
(b)[ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware limited partnership
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
0 shares
NUMBER OF -----------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 4,427,295 shares
EACH -----------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH: 0 shares
-----------------------------------------------------
8 SHARED DISPOSITIVE POWER
4,427,295 shares
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,427,295 shares
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES *
[ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
16.2%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
PN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- --------------------- -------------------
CUSIP NO. 74267D10 13G PAGE 8 OF 40 PAGES
- --------------------- -------------------
================================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Summit Investors III, L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(a)[ ]
(b)[ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware limited partnership
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
0 shares
NUMBER OF -----------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 4,427,295 shares
EACH -----------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH: 0 shares
-----------------------------------------------------
8 SHARED DISPOSITIVE POWER
4,427,295 shares
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,427,295 shares
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES *
[ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
16.2%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
PN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- --------------------- -------------------
CUSIP NO. 74267D10 13G PAGE 9 OF 40 PAGES
- --------------------- -------------------
================================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
E. Roe Stamps, IV
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(a)[ ]
(b)[ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
0 shares
NUMBER OF -----------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 4,427,295 shares
EACH -----------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH: 0 shares
-----------------------------------------------------
8 SHARED DISPOSITIVE POWER
4,427,295 shares
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,427,295 shares
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES *
[ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
16.2%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- --------------------- -------------------
CUSIP NO. 74267D10 13G PAGE 10 OF 40 PAGES
- --------------------- -------------------
================================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Stephen G. Woodsum
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(a)[ ]
(b)[ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
0 shares
NUMBER OF -----------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 4,427,295 shares
EACH -----------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH: 0 shares
-----------------------------------------------------
8 SHARED DISPOSITIVE POWER
4,427,295 shares
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,427,295 shares
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES *
[ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
16.2%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- --------------------- -------------------
CUSIP NO. 74267D10 13G PAGE 11 OF 40 PAGES
- --------------------- -------------------
================================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Gregory M. Avis
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(a)[ ]
(b)[ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
0 shares
NUMBER OF -----------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 4,427,295 shares
EACH -----------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH: 0 shares
-----------------------------------------------------
8 SHARED DISPOSITIVE POWER
4,427,295 shares
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,427,295 shares
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES *
[ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
16.2%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- --------------------- -------------------
CUSIP NO. 74267D10 13G PAGE 12 OF 40 PAGES
- --------------------- -------------------
================================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Martin J. Mannion
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(a)[ ]
(b)[ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
0 shares
NUMBER OF -----------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 4,427,295 shares
EACH -----------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH: 0 shares
-----------------------------------------------------
8 SHARED DISPOSITIVE POWER
4,427,295 shares
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,427,295 shares
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES *
[ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
16.2%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- --------------------- -------------------
CUSIP NO. 74267D10 13G PAGE 13 OF 40 PAGES
- --------------------- -------------------
================================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Bruce R. Evans
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(a)[ ]
(b)[ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
0 shares
NUMBER OF -----------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 4,427,295 shares
EACH -----------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH: 0 shares
-----------------------------------------------------
8 SHARED DISPOSITIVE POWER
4,427,295 shares
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,427,295 shares
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES *
[ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
16.2%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- --------------------- -------------------
CUSIP NO. 74267D10 13G PAGE 14 OF 40 PAGES
- --------------------- -------------------
================================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Thomas S. Roberts
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(a)[ ]
(b)[ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
0 shares
NUMBER OF -----------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 4,427,295 shares
EACH -----------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH: 0 shares
-----------------------------------------------------
8 SHARED DISPOSITIVE POWER
4,427,295 shares
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,427,295 shares
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES *
[ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
16.2%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- --------------------- -------------------
CUSIP NO. 74267D10 13G PAGE 15 OF 40 PAGES
- --------------------- -------------------
================================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Walter G. Kortschak
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(a)[ ]
(b)[ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
0 shares
NUMBER OF -----------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 4,427,295 shares
EACH -----------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH: 0 shares
-----------------------------------------------------
8 SHARED DISPOSITIVE POWER
4,427,295 shares
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,427,295 shares
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES *
[ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
16.2%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- --------------------- -------------------
CUSIP NO. 74267D10 13G PAGE 16 OF 40 PAGES
- --------------------- -------------------
================================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Joseph F. Trustey
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(a)[ ]
(b)[ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
0 shares
NUMBER OF -----------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 4,427,295 shares
EACH -----------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH: 0 shares
-----------------------------------------------------
8 SHARED DISPOSITIVE POWER
4,427,295 shares
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,427,295 shares
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES *
[ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
16.2%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- --------------------- -------------------
CUSIP NO. 74267D10 13G PAGE 17 OF 40 PAGES
- --------------------- -------------------
================================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Kevin P. Mohan
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(a)[ ]
(b)[ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
0 shares
NUMBER OF -----------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 4,427,295 shares
EACH -----------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH: 0 shares
-----------------------------------------------------
8 SHARED DISPOSITIVE POWER
4,427,295 shares
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,427,295 shares
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES *
[ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
16.2%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- --------------------- -------------------
CUSIP NO. 74267D10 13G PAGE 18 OF 40 PAGES
- --------------------- -------------------
================================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Peter Y. Chung
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(a)[ ]
(b)[ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
0 shares
NUMBER OF -----------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 4,427,295 shares
EACH -----------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH: 0 shares
-----------------------------------------------------
8 SHARED DISPOSITIVE POWER
4,427,295 shares
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,427,295 shares
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES *
[ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
16.2%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- --------------------- -------------------
CUSIP NO. 74267D10 13G PAGE 19 OF 40 PAGES
- --------------------- -------------------
================================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Thomas F. Farb
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(a)[ ]
(b)[ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
0 shares
NUMBER OF -----------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 4,427,295 shares
EACH -----------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH: 0 shares
-----------------------------------------------------
8 SHARED DISPOSITIVE POWER
4,427,295 shares
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,427,295 shares
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES *
[ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
16.2%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Schedule 13G
------------
ITEM 1(A). NAME OF ISSUER: Private Business, Inc.
ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 1055 Page
Avenue, Fremont, CA 94538
ITEM 2(A). NAMES OF PERSONS FILING: Summit Ventures V, L.P., Summit
Partners V, L.P., Summit Partners, LLC, Summit Companion Fund,
L.P., Summit V Advisors Fund (QP), L.P., Summit V Advisors
Fund, L.P., Summit Investors III, L.P. and Messrs. E. Roe
Stamps, IV, Stephen G. Woodsum, Gregory M. Avis, Martin J.
Mannion, Bruce R. Evans, Thomas S. Roberts, Walter G.
Kortschak, Joseph F. Trustey, Kevin P. Mohan, Peter Y. Chung,
and Thomas F. Farb.
Summit Partners V, L.P. is the sole general partner of Summit
Ventures V, L.P., Summit V Companion Fund, L.P., Summit V
Advisors Fund (QP), L.P., and Summit V Advisors Fund, L.P.
Summit Partners, LLC is the sole general partner of Summit
Partners V, L.P. Messrs. Stamps, Woodsum, Avis, Mannion,
Evans, Roberts, Kortschak, Trustey, Mohan, Chung and Farb are
individual general partners of Summit Partners, LLC and Summit
Investors III, L.P.
ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
The address of the principal business office of Summit
Ventures V, L.P., Summit Partners V, L.P., Summit Partners,
LLC, Summit V Companion Fund, L.P., Summit V Advisors Fund
(QP), L.P., Summit V Advisors Fund, L.P., Summit Investors
III, L.P. and Messrs. Stamps, Woodsum, Mannion, Evans,
Roberts, Trustey, Mohan, and Farb is Summit Partners, 600
Atlantic Avenue, Boston, Massachusetts 02210. The address of
the principal business office of Messrs. Avis, Kortschak, and
Chung is Summit Partners, 499 Hamilton Avenue, Palo Alto,
California 94301.
ITEM 2(C). CITIZENSHIP: Each of Summit Ventures V, L.P., Summit Partners
V, L.P., Summit V Companion Fund, L.P., Summit V Advisors Fund
(QP), L.P., Summit V Advisors Fund, L.P., Summit Investors
III, L.P. is a limited partnership organized under the laws of
the State of Delaware. Summit Partners, LLC is a limited
liability company organized under the laws of the State of
Delaware. Each of Messrs. Stamps, Woodsum, Avis, Mannion,
Evans, Roberts, Kortschak, Trustey, Mohan, Chung and Farb is a
United States citizen.
ITEM 2(D). TITLE OF CLASS OF SECURITIES: Common Stock, $.00 par value per
share.
ITEM 2(E). CUSIP NUMBER: 74267D10
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B), OR
13D-2(B), CHECK WHETHER THE PERSON FILING IS A:
Not Applicable.
Page 20 of 40 Pages
<PAGE>
ITEM 4. OWNERSHIP.
(a) Amount Beneficially Owned:
Each of Summit Ventures V, L.P., Summit Partners V,
L.P., Summit Partners, LLC, Summit V Companion Fund,
L.P., Summit V Advisors Fund (QP), L.P., Summit V
Advisors Fund, L.P., Summit Investors III, L.P.
(individually an "Entity" and collectively the
"Entities") may be deemed to own beneficially 4,427,295
shares of Common Stock as of December 31, 1999. Each of
Messrs. Stamps, Woodsum, Avis, Mannion, Evans, Roberts,
Kortschak, Trustey, Mohan, Chung and Farb may be deemed
to own beneficially 4,427,295 shares of Common Stock as
of December 31, 1999.
As of December 31, 1999, Summit Ventures V, L.P. was the
record owner of 3,429,322 shares of Common Stock. As of
December 31, 1999, Summit V Companion Fund, L.P. was the
record owner of 573,432 shares of Common Stock. As of
December 31, 1999, Summit V Advisors Fund (QP), L.P. was
the record owner of 229,373 shares of Common Stock. As
of December 31, 1999, Summit V Advisors Fund, L.P. was
the record owner of 70,094 shares of Common Stock. As of
December 31, 1999, Summit Investors III, L.P. was the
record owner of 125,074 shares of Common Stock. The
shares held of record by Summit Ventures V, L.P., Summit
V Companion Fund, L.P., Summit V Advisors Fund (QP),
L.P., Summit V Advisors Fund, L.P., and Summit Investors
III, L.P. are referred to herein collectively as the
"Record Shares." By virtue of the affiliate
relationships among the Entities, each Entity may be
deemed to own beneficially all of the Record Shares.
Hence, each Entity may be deemed to own beneficially
4,427,295 shares of Common Stock. In their capacities as
individual general partners of Summit Partners, LLC and
Summit Investors III, L.P., each of Messrs. Stamps,
Woodsum, Avis, Mannion, Evans, Roberts, Kortschak,
Trustey, Mohan, Chung and Farb may be deemed to own
beneficially 4,427,295 shares of Common Stock.
Each of the reporting persons expressly disclaims
beneficial ownership of any shares of Common Stock of
Private Business, Inc., except in the case of Summit
Ventures V, L.P. for the 3,429,322 shares which it holds
of record, Summit V Companion Fund, L.P. for the 573,432
shares which it holds of record, Summit V Advisors Fund
(QP), L.P. for the 229,373 shares which it holds of
record, Summit V Advisors Fund, L.P. for the 70,094
shares which it holds of record and Summit Investors
III, L.P. for the 125,074 shares which it holds of
record.
(b) Percent of Class:
Summit Ventures V, L.P.: 16.2%
Page 21 of 40 Pages
<PAGE>
Summit Partners V, L.P.: 16.2%
Summit Partners, LLC: 16.2%
Summit V Companion Fund, L.P.: 16.2%
Summit V Advisors Fund (QP), L.P.: 16.2%
Summit V Advisors Fund, L.P.: 16.2%
Summit Investors III, L.P.: 16.2%
E. Roe Stamps, IV: 16.2%
Stephen G. Woodsum: 16.2%
Gregory M. Avis: 16.2%
Martin J. Mannion: 16.2%
Bruce R. Evans: 16.2%
Walter G. Kortschak: 16.2%
Thomas S. Roberts: 16.2%
Joseph F. Trustey: 16.2%
Kevin P. Mohan: 16.2%
Peter Y. Chung: 16.2%
Thomas F. Farb: 16.2%
The foregoing percentages are calculated based on the
27,353,784 shares of Common Stock reported to be
outstanding in a Quarterly Report on Form 10-Q for
Private Business, Inc. for the quarterly period ended
September 30, 1999.
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
0 shares for each reporting person
(ii) shared power to vote or to direct the vote:
Summit Ventures V, L.P.: 4,427,295 shares
Summit Partners V, L.P.: 4,427,295 shares
Summit Partners, LLC: 4,427,295 shares
Summit V Companion Fund, L.P.: 4,427,295 shares
Summit V Advisors Fund (QP), L.P.: 4,427,295 shares
Summit V Advisors Fund, L.P.: 4,427,295 shares
Summit Investors III, L.P.: 4,427,295 shares
E. Roe Stamps, IV: 4,427,295 shares
Stephen G. Woodsum: 4,427,295 shares
Gregory M. Avis: 4,427,295 shares
Martin J. Mannion: 4,427,295 shares
Bruce R. Evans: 4,427,295 shares
Walter G. Kortschak: 4,427,295 shares
Thomas S. Roberts: 4,427,295 shares
Joseph F. Trustey: 4,427,295 shares
Page 22 of 40 Pages
<PAGE>
Kevin P. Mohan: 4,427,295 shares
Peter Y. Chung: 4,427,295 shares
Thomas F. Farb: 4,427,295 shares
(iii) sole power to dispose or direct the
disposition of:
0 shares for each reporting person
(iv) shared power to dispose or direct the
disposition of:
Summit Ventures V, L.P.: 4,427,295 shares
Summit Partners V, L.P.: 4,427,295 shares
Summit Partners, LLC: 4,427,295 shares
Summit V Companion Fund, L.P.: 4,427,295 shares
Summit V Advisors Fund (QP), L.P.: 4,427,295 shares
Summit V Advisors Fund, L.P.: 4,427,295 shares
Summit Investors III, L.P.: 4,427,295 shares
E. Roe Stamps, IV: 4,427,295 shares
Stephen G. Woodsum: 4,427,295 shares
Gregory M. Avis: 4,427,295 shares
Martin J. Mannion: 4,427,295 shares
Bruce R. Evans: 4,427,295 shares
Walter G. Kortschak: 4,427,295 shares
Thomas S. Roberts: 4,427,295 shares
Joseph F. Trustey: 4,427,295 shares
Kevin P. Mohan: 4,427,295 shares
Peter Y. Chung: 4,427,295 shares
Thomas F. Farb: 4,427,295 shares
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. The reporting persons expressly disclaim
membership in a "group" as defined in 13d-1(b)(1)(ii)(J).
Page 23 of 40 Pages
<PAGE>
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 24 of 40 Pages
<PAGE>
SIGNATURES
----------
After reasonable inquiry and to the best of our knowledge and belief, we
certify that the information set forth in this statement is true, complete and
correct. We also hereby agree to file this statement jointly pursuant to the
Agreement listed on Exhibit 1 hereto.
---------
Dated: February 11, 2000.
SUMMIT VENTURES V, L.P. SUMMIT V COMPANION FUND, L.P.
By: Summit Partners V, L.P. By: Summit Partners V, L.P.
By: Summit Partners, LLC By: Summit Partners, LLC
By: * By: *
----------------------- -----------------------
General Partner General Partner
SUMMIT V ADVISORS FUND (QP), L.P. SUMMIT ADVISORS FUND, L.P.
By: Summit Partners V, L.P. By: Summit Partners V, L.P.
By: Summit Partners, LLC By: Summit Partners, LLC
By: * By: *
----------------------- -----------------------
General Partner General Partner
SUMMIT PARTNERS V, L.P. SUMMIT INVESTORS III, L.P.
By: Summit Partners, LLC By: *
-----------------------
By: * General Partner
-----------------------
General Partner
SUMMIT PARTNERS, LLC *
---------------------------
By: * E. Roe Stamps
-----------------------
General Partner
* *
- --------------------------- ---------------------------
Stephen G. Woodsum Martin J. Mannion
* *
- --------------------------- ---------------------------
Gregory M. Avis Bruce R. Evans
Page 25 of 40 Pages
<PAGE>
* *
- --------------------------- ---------------------------
Walter G. Kortschak Thomas S. Roberts
* *
- --------------------------- ---------------------------
Joseph F. Trustey Kevin P. Mohan
*
- ---------------------------
Peter Y. Chung
*By: /s/ Thomas F. Farb
----------------------
Thomas F. Farb
On his own behalf and as
Attorney-in-fact
- --------------------------------------------------------------------------------
* Pursuant to Powers of Attorney on file with the Commission, which Powers
of Attorney are incorporated herein by reference. Copies of such Powers of
Attorney are attached hereto as Exhibit 2.
---------
Page 26 of 40 Pages
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 ownership by each of
the undersigned of shares of Common Stock of Private Business, Inc.
This agreement may be executed in any number of counterparts, each of
which shall be deemed an original.
EXECUTED this 11 day of February, 2000.
SUMMIT VENTURES V, L.P. SUMMIT V COMPANION FUND, L.P.
By: Summit Partners V, L.P. By: Summit Partners V, L.P.
By: Summit Partners, LLC By: Summit Partners, LLC
By: * By: *
----------------------- -----------------------
General Partner General Partner
SUMMIT V ADVISORS FUND (QP), L.P. SUMMIT ADVISORS FUND, L.P.
By: Summit Partners V, L.P. By: Summit Partners V, L.P.
By: Summit Partners, LLC By: Summit Partners, LLC
By: * By: *
----------------------- -----------------------
General Partner General Partner
SUMMIT PARTNERS V, L.P. SUMMIT INVESTORS III, L.P.
By: Summit Partners, LLC By: *
-----------------------
By: * General Partner
-----------------------
General Partner
SUMMIT PARTNERS, LLC *
---------------------------
By: * E. Roe Stamps
-----------------------
General Partner
Page 27 of 40 Pages
<PAGE>
* *
- --------------------------- ---------------------------
Stephen G. Woodsum Martin J. Mannion
* *
- --------------------------- ---------------------------
Gregory M. Avis Bruce R. Evans
* *
- --------------------------- ---------------------------
Walter G. Kortschak Thomas S. Roberts
* *
- --------------------------- ---------------------------
Joseph F. Trustey Kevin P. Mohan
*
- ---------------------------
Peter Y. Chung
*By: /s/ Thomas F. Farb
----------------------
Thomas F. Farb
On his own behalf and as
Attorney-in-fact
- --------------------------------------------------------------------------------
* Pursuant to Powers of Attorney on file with the Commission, which Powers
of Attorney are incorporated herein by reference. Copies of such Powers of
Attorney are attached hereto as Exhibit 2.
---------
Page 28 of 40 Pages
EXHIBIT 2
---------
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears
below hereby constitutes and appoints each and any of E. Roe Stamps, IV, Stephen
G. Woodsum, Gregory M. Avis, Walter G. Kortschak and Thomas F. Farb his true and
lawful attorney-in-fact and agent, with full power of substitution and
resubstitution, for him and in his name, place and stead, in any and all
capacities (until revoked in writing) to sign any and all instruments,
certificates and documents required to be executed on behalf of himself
individually or on behalf of each or any of Summit Ventures, L.P., SP (1984),
L.P. (f/k/a Summit Partners, L.P.), Stamps, Woodsum & Co., Summit Partners'
Holdings, L.P., Summit Ventures II, L.P., Summit Partners II, L.P., Stamps,
Woodsum & Co. II, SV Eurofund C.V., SV International, L.P., Summit Investors,
L.P., Summit Investors II, L.P., Summit Investors III, L.P., Summit Ventures
III, L.P., Summit Partners III, L.P., Stamps, Woodsum & Co. III, Summit Ventures
IV, L.P., Summit Partners IV, L.P., Stamps, Woodsum & Co., IV, Summit
Subordinated Debt Fund, L.P., Summit Partners SD, L.P., Summit E-Tek Holdings,
LLC, SW Management Corp., Summit Partners, L.P., Summit Master Company, LLC,
Summit Subordinated Debt Fund II, L.P., Summit Partners SD II, LLC, Summit
Ventures V, L.P., Summit Partners V, L.P., Summit Partners, LLC, Summit V
Advisors Fund, L.P., Summit V Advisors Fund (QP), L.P. and Summit V Companion
Fund, L.P., pursuant to sections 13 and 16 of the Securities Exchange Act of
1934, as amended (the "Exchange Act"), and any and all regulations promulgated
thereunder, and to file the same, with all exhibits thereto, and any other
documents in connection therewith, with the Securities and Exchange Commission,
and with any other entity when and if such is mandated by the Exchange Act or by
the By-laws of the National Association of Securities Dealers, granting unto
said attorney-in-fact and agent full power and authority to do and perform each
and every act and thing requisite and necessary fully to all intents and
purposes as she might or could do in person thereby ratifying and confirming all
that said attorney-in-fact and agent, or her substitute or substitutes, may
lawfully do or cause to be done by virtue hereof.
Page 29 of 40 Pages
<PAGE>
IN WITNESS WHEREOF, this Power of Attorney has been signed as of the 7th
day of February, 2000.
/s/ E. Roe Stamps, IV
---------------------------
E. Roe Stamps, IV
Commonwealth of Massachusetts )
) ss:
County of Suffolk )
On this 7th day of February, 2000, before me personally came E. Roe
Stamps, IV, known to me to be the person described and who executed the
foregoing instrument that he acknowledged that he executed the same.
[Notary Seal]
/s/ Cynthia R. Freedman
---------------------------
Notary Public
My Commission expires:
October 20, 2000
----------------
Page 30 of 40 Pages
<PAGE>
IN WITNESS WHEREOF, this Power of Attorney has been signed as of the 7th
day of February, 2000.
/s/ Stephen G. Woodsum
---------------------------
Stephen G. Woodsum
Commonwealth of Massachusetts )
) ss:
County of Suffolk )
On this 7th day of February, 2000, before me personally came Stephen G.
Woodsum, known to me to be the person described and who executed the foregoing
instrument that he acknowledged that he executed the same.
[Notary Seal]
/s/ Cynthia R. Freedman
---------------------------
Notary Public
My Commission expires:
October 20, 2000
----------------
Page 31 of 40 Pages
<PAGE>
IN WITNESS WHEREOF, this Power of Attorney has been signed as of the 7th
day of February, 2000.
/s/ Martin J. Mannion
---------------------------
Martin J. Mannion
Commonwealth of Massachusetts )
) ss:
County of Suffolk )
On this 7th day of February, 2000, before me personally came Martin J.
Mannion, known to me to be the person described and who executed the foregoing
instrument that he acknowledged that he executed the same.
[Notary Seal]
/s/ Cynthia R. Freedman
---------------------------
Notary Public
My Commission expires:
October 20, 2000
----------------
Page 32 of 40 Pages
<PAGE>
IN WITNESS WHEREOF, this Power of Attorney has been signed as of the 8th
day of February, 2000.
/s/ Gregory M. Avis
---------------------------
Gregory M. Avis
State of California )
) ss:
County of Santa Clara )
On this 8th day of February, 2000, before me personally came Gregory M.
Avis, known to me to be the person described and who executed the foregoing
instrument that he acknowledged that he executed the same.
[Notary Seal]
/s/ Cynthia R. Freedman
---------------------------
Notary Public
My Commission expires:
October 20, 2000
---------------------------
Page 33 of 40 Pages
<PAGE>
IN WITNESS WHEREOF, this Power of Attorney has been signed as of the 7th
day of February, 2000.
/s/ Thomas S. Roberts
---------------------------
Thomas S. Roberts
Commonwealth of Massachusetts )
) ss:
County of Suffolk )
On this 7th day of February, 2000, before me personally came Thomas S.
Roberts, known to me to be the person described and who executed the foregoing
instrument that he acknowledged that he executed the same.
[Notary Seal]
/s/ Cynthia R. Freedman
---------------------------
Notary Public
My Commission expires:
October 20, 2000
----------------
Page 34 of 40 Pages
<PAGE>
IN WITNESS WHEREOF, this Power of Attorney has been signed as of the 7th
day of February, 2000.
/s/ Bruce R. Evans
---------------------------
Bruce R. Evans
Commonwealth of Massachusetts )
) ss:
County of Suffolk )
On this 7th day of February, 2000, before me personally came Bruce R.
Evans, known to me to be the person described and who executed the foregoing
instrument that he acknowledged that he executed the same.
[Notary Seal]
/s/ Cynthia R. Freedman
---------------------------
Notary Public
My Commission expires:
October 20, 2000
----------------
Page 35 of 40 Pages
<PAGE>
IN WITNESS WHEREOF, this Power of Attorney has been signed as of the 8th
day of February, 2000.
/s/ Walter G. Kortschak
---------------------------
Walter G. Kortschak
State of California )
) ss:
County of Santa Clara )
On this 8th day of February, 2000, before me personally came Walter G.
Kortschak, known to me to be the person described and who executed the foregoing
instrument that he acknowledged that he executed the same.
[Notary Seal]
/s/ Cynthia R. Freedman
---------------------------
Notary Public
My Commission expires:
October 20, 2000
---------------------------
Page 36 of 40 Pages
<PAGE>
IN WITNESS WHEREOF, this Power of Attorney has been signed as of the 7th
day of February, 2000.
/s/ Joseph F. Trustey
---------------------------
Joseph F. Trustey
Commonwealth of Massachusetts )
) ss:
County of Suffolk )
On this 7th day of February, 2000, before me personally came Joseph F.
Trustey, known to me to be the person described and who executed the foregoing
instrument that he acknowledged that he executed the same.
[Notary Seal]
/s/ Cynthia R. Freedman
---------------------------
Notary Public
My Commission expires:
October 20, 2000
----------------
Page 37 of 40 Pages
<PAGE>
IN WITNESS WHEREOF, this Power of Attorney has been signed as of the 7th
day of February, 2000.
/s/ Kevin P. Mohan
---------------------------
Kevin P. Mohan
Commonwealth of Massachusetts )
) ss:
County of Suffolk )
On this 7th day of February, 2000, before me personally came Kevin P.
Mohan, known to me to be the person described and who executed the foregoing
instrument that he acknowledged that he executed the same.
[Notary Seal]
/s/ Cynthia R. Freedman
---------------------------
Notary Public
My Commission expires:
October 20, 2000
----------------
Page 38 of 40 Pages
<PAGE>
IN WITNESS WHEREOF, this Power of Attorney has been signed as of the 8th
day of February, 2000.
/s/ Peter Y. Chung
---------------------------
Peter Y. Chung
Commonwealth of Massachusetts )
) ss:
County of Suffolk )
On this 8th day of February, 2000, before me personally came Peter Y.
Chung, known to me to be the person described and who executed the foregoing
instrument that he acknowledged that he executed the same.
[Notary Seal]
/s/ Cynthia R. Freedman
---------------------------
Notary Public
My Commission expires:
October 20, 2000
---------------------------
Page 39 of 40 Pages
<PAGE>
IN WITNESS WHEREOF, this Power of Attorney has been signed as of the 7th
day of February, 2000.
/s/ Thomas F. Farb
---------------------------
Thomas F. Farb
Commonwealth of Massachusetts )
) ss:
County of Suffolk )
On this 7th day of February, 2000, before me personally came Thomas F.
Farb, known to me to be the person described and who executed the foregoing
instrument that he acknowledged that he executed the same.
[Notary Seal]
/s/ Cynthia R. Freedman
---------------------------
Notary Public
My Commission expires:
October 20, 2000
---------------------------
Page 40 of 40 Pages
