<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
(RULE 13d-102)
INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
(AMENDMENT NO. 1)(1)
INFORMATION ADVANTAGE, INC.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
45669P101
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(CUSIP Number)
- -------------------
(1) 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
that would alter the disclosures provided in a prior cover page.
The information required on the remainder of the cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 (the "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).
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13G
CUSIP No. 45669P101 Page 2 of 5 Pages
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1) Name of Reporting Persons
S.S. or I.R.S. Identification No. of Above Persons
Pathfinder Venture Capital Fund III, A Limited Partnership
Federal ID#: 41-1657147
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2) Check the Appropriate Box if a Member of a Group*
(a) / /
(b) / /
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3) SEC Use only
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4) Citizenship or Place of Organization
Minnesota, U.S.A.
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Number 5) Sole Voting Power
of
Shares 1,186,952
Beneficially ---------------------------------------------------------
Owned 6) Shared Voting Power
by
Each -0-
Reporting ---------------------------------------------------------
Person 7) Sole Dispositive Power
With
1,186,952
---------------------------------------------------------
8) Shared Dispositive Power
-0-
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9) Aggregate Amount Beneficially Owned by Each Reporting Person
1,186,952
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10) Check Box if the Aggregate Amount in Row (9) Excludes Certain
Shares* / /
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11) Percent of Class Represented by Amount in Row 9
4.8%
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12) Type of Reporting Person*
PN
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* See Instructions Before Filling Out
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Page 3 of 5 Pages
ITEM 1 (a) NAME OF ISSUER:
Information Advantage, Inc.
ITEM 1 (b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
7905 Golden Triangle Drive, Suite 190
Eden Prairie, MN 55344-7227
ITEM 2 (a) NAME OF PERSON FILING
Brian P. Johnson as a General Partner of the General Partner of Pathfinder
Venture Capital Fund III, A Limited Partnership.
The General Partner of Pathfinder Venture Capital Fund III, A Limited
Partnership is Pathfinder Partners III.
The Partners of Pathfinder Partners III are:
Eugene J. Fischer
Jack K. Ahrens, II
Marvin Bookin
Norman Dann
Andrew J. Greenshields
Brian P. Johnson
J. Todd Johnson
Barbara L. Santry
Gary A. Stoltz
ITEM 2 (b) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
7300 Metro Blvd. Suite 585
Minneapolis, MN 55439
ITEM 2 (c) CITIZENSHIP:
Minnesota, U.S.A.
ITEM 2 (d) TITLE OF CLASS OF SECURITIES:
Common Stock, $0.01 par value
ITEM 2 (e) CUSIP NUMBER
45669P101
ITEM 3:
Not applicable
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Page 4 of 5 Pages
ITEM 4 OWNERSHIP
If the percent of the class owned, as of December 31 of the year covered
by the statement, or as of the last day of any month described in Rule
13d-1(b)(2), if applicable, exceeds five percent, provide the following
information as of that date and identify those shares which there is a
right to acquire.
(a) Amount beneficially owned: 1,186,952
(b) Percent of class 4.8%
(c) Number of shares as to which such person has:
(1) Sole power to vote or to direct the vote 1,186,952
(2) Shared power to vote or to direct the vote -0-
(3) Sole power to dispose or to direct the disposition of 1,186,952
(4) Shared power to dispose or to direct the disposition of -0-
<TABLE>
<CAPTION>
Shareholder Shares Pct. Notes
------------------------------- ---------- ---- ------
<S> <C> <C> <C>
Pathfinder Venture Capital
Fund III, A Limited Partnership 1,186,952 4.8%
Andrew J. Greenshields 500 0.0 1
</TABLE>
NOTES:
1. Excludes shares owned by Pathfinder Venture Capital Fund III, A
Limited Partnership, and has no beneficial interest in the shares
except proportional pecuniary interest in the Partnership.
ITEM 5 OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more
than five percent of the class of securities, check the following. (X)
ITEM 6 OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON:
The General Partner of Pathfinder Venture Capital Fund III, A Limited
Partnership has the power to direct dividends and proceeds of sales (See 2a
above).
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
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Page 5 of 5 Pages
ITEM 10 CERTIFICATION:
The following certification shall be included if the statement is filed
pursuant to Rule 13d-1 (b):
"By signing below I certify that, to the best of my
knowledge and belief, the securities referred to above were
acquired in the ordinary course of business and were not
acquired for the purpose of and do not have the effect of
changing or influencing the control of the issuer of such
securities and were not acquired in connection with or as a
participant in any transaction having such purpose or
effect."
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.
February 12, 1999
Pathfinder Venture Capital Fund III, A Limited Partnership
By: Pathfinder Partners III, as the General Partner
By: /s/ Brian P. Johnson
-------------------------
Brian P. Johnson
A General Partner
