VERSANT OBJECT TECHNOLOGY CORP
SC 13G, 1997-02-10
PREPACKAGED SOFTWARE
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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549


                                  SCHEDULE 13G


                    UNDER THE SECURITIES EXCHANGE ACT OF 1934

                              (AMENDMENT NO.     )*


                      Versant Object Technology Corporation
- --------------------------------------------------------------------------------
                                (Name of Issuer)

                           Common Stock, no par value
- --------------------------------------------------------------------------------
                         (Title of Class of Securities)

                                   0009252841
- --------------------------------------------------------------------------------
                                 (CUSIP Number)


*The  remainder of this cover page shall be filled out for a reporting  person's
initial filing on this form with respect to the subject class of securities, and
for any  subsequent  amendment  containing  information  which  would  alter 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).


                              Pages 1 of 22 pages



CUSIP No.  0009252841                                         Page 2 of 22 Pages

- ------- ------------------------------------------------------------------------
1       NAME OF REPORTING PERSON
        S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

             Atlas Venture 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

             Massachusetts Limited Partnership

- -------------------------------- ------ ----------------------------------------
                                 5      SOLE VOTING POWER
NUMBER OF                                    0 shares
SHARES
                                 ------ ----------------------------------------
BENEFICIALLY OWNED BY            6      SHARED VOTING POWER
EACH                                         494,333 shares

                                 ------ ----------------------------------------
REPORTING                        7      SOLE DISPOSITIVE POWER
PERSON                                       0 shares
WITH
                                 ------ ----------------------------------------
                                 8      SHARED DISPOSITIVE POWER
                                             494,333 shares

- ------- ------------------------------------------------------------------------
9       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
            494,333 shares

- ------- ------------------------------------------------------------------------
10      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

                                                                      [  ]
- ------- ------------------------------------------------------------------------
11      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
             5.7%

- ------- ------------------------------------------------------------------------
12      TYPE OF REPORTING PERSON*

             PN
- ------- ------------------------------------------------------------------------


                              Pages 2 of 22 pages



CUSIP No.  0009252841                                         Page 3 of 22 Pages


- ------- ------------------------------------------------------------------------
1       NAME OF REPORTING PERSON
        S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

             Atlas Venture Associates, 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
NUMBER OF                                    0 shares
SHARES
                                 ------ ----------------------------------------
BENEFICIALLY OWNED BY            6      SHARED VOTING POWER
EACH                                         494,333 shares

                                 ------ ----------------------------------------
REPORTING                        7      SOLE DISPOSITIVE POWER
PERSON                                       0 shares
WITH
                                 ------ ----------------------------------------
                                 8      SHARED DISPOSITIVE POWER
                                             494,333 shares

- ------- ------------------------------------------------------------------------
9       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
            494,333 shares

- ------- ------------------------------------------------------------------------
10      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

                                                                      [  ]
- ------- ------------------------------------------------------------------------
11      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
             5.7%

- ------- ------------------------------------------------------------------------
12      TYPE OF REPORTING PERSON*

             PN
- ------- ------------------------------------------------------------------------


                              Pages 3 of 22 pages



CUSIP No.  0009252841                                         Page 4 of 22 Pages

- ------- ------------------------------------------------------------------------
1       NAME OF REPORTING PERSON
        S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

             Atlas Venture Partners III, B.V.

- ------- ------------------------------------------------------------------------
2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

                                                                    (a) [  ]
                                                                    (b) [  ]

- ------- ------------------------------------------------------------------------
3       SEC USE ONLY


- ------- ------------------------------------------------------------------------
4       CITIZENSHIP OR PLACE OF ORGANIZATION

             The Netherlands

- -------------------------------- ------ ----------------------------------------
                                 5      SOLE VOTING POWER
NUMBER OF                                    0 shares
SHARES
                                 ------ ----------------------------------------
BENEFICIALLY OWNED BY            6      SHARED VOTING POWER
EACH                                         494,333 shares

                                 ------ ----------------------------------------
REPORTING                        7      SOLE DISPOSITIVE POWER
PERSON                                       0 shares
WITH
                                 ------ ----------------------------------------
                                 8      SHARED DISPOSITIVE POWER
                                             494,333 shares

- ------- ------------------------------------------------------------------------
9       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
            494,333 shares

- ------- ------------------------------------------------------------------------
10      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

                                                                      [  ]
- ------- ------------------------------------------------------------------------
11      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
             5.7%

- ------- ------------------------------------------------------------------------
12      TYPE OF REPORTING PERSON*

             CO
- ------- ------------------------------------------------------------------------


                              Pages 4 of 22 pages



CUSIP No.  0009252841                                         Page 5 of 22 Pages

- ------- ------------------------------------------------------------------------
1       NAME OF REPORTING PERSON
        S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

             Atlas Venture Europe Fund B.V.

- ------- ------------------------------------------------------------------------
2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

                                                                    (a) [  ]
                                                                    (b) [  ]

- ------- ------------------------------------------------------------------------
3       SEC USE ONLY


- ------- ------------------------------------------------------------------------
4       CITIZENSHIP OR PLACE OF ORGANIZATION

             The Netherlands

- -------------------------------- ------ ----------------------------------------
                                 5      SOLE VOTING POWER
NUMBER OF                                    0 shares
SHARES
                                 ------ ----------------------------------------
BENEFICIALLY OWNED BY            6      SHARED VOTING POWER
EACH                                         494,333 shares

                                 ------ ----------------------------------------
REPORTING                        7      SOLE DISPOSITIVE POWER
PERSON                                       0 shares
WITH
                                 ------ ----------------------------------------
                                 8      SHARED DISPOSITIVE POWER
                                             494,333 shares

- ------- ------------------------------------------------------------------------
9       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
            494,333 shares

- ------- ------------------------------------------------------------------------
10      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

                                                                      [  ]
- ------- ------------------------------------------------------------------------
11      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
             5.7%

- ------- ------------------------------------------------------------------------
12      TYPE OF REPORTING PERSON*

             CO
- ------- ------------------------------------------------------------------------


                              Pages 5 of 22 pages



CUSIP No.  0009252841                                         Page 6 of 22 Pages

- ------- ------------------------------------------------------------------------
1       NAME OF REPORTING PERSON
        S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

             Atlas Venture Beheer II B.V.

- ------- ------------------------------------------------------------------------
2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

                                                                    (a) [  ]
                                                                    (b) [  ]

- ------- ------------------------------------------------------------------------
3       SEC USE ONLY


- ------- ------------------------------------------------------------------------
4       CITIZENSHIP OR PLACE OF ORGANIZATION

             The Netherlands

- -------------------------------- ------ ----------------------------------------
                                 5      SOLE VOTING POWER
NUMBER OF                                    0 shares
SHARES
                                 ------ ----------------------------------------
BENEFICIALLY OWNED BY            6      SHARED VOTING POWER
EACH                                         494,333 shares

                                 ------ ----------------------------------------
REPORTING                        7      SOLE DISPOSITIVE POWER
PERSON                                       0 shares
WITH
                                 ------ ----------------------------------------
                                 8      SHARED DISPOSITIVE POWER
                                             494,333 shares

- ------- ------------------------------------------------------------------------
9       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
            494,333 shares

- ------- ------------------------------------------------------------------------
10      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

                                                                      [  ]
- ------- ------------------------------------------------------------------------
11      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
             5.7%

- ------- ------------------------------------------------------------------------
12      TYPE OF REPORTING PERSON*

             CO
- ------- ------------------------------------------------------------------------


                              Pages 6 of 22 pages


CUSIP No.  0009252841                                         Page 7 of 22 Pages

- ------- ------------------------------------------------------------------------
1       NAME OF REPORTING PERSON
        S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

             Atlas InvesteringsGroep N.V.

- ------- ------------------------------------------------------------------------
2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

                                                                    (a) [  ]
                                                                    (b) [  ]

- ------- ------------------------------------------------------------------------
3       SEC USE ONLY


- ------- ------------------------------------------------------------------------
4       CITIZENSHIP OR PLACE OF ORGANIZATION

             The Netherlands

- -------------------------------- ------ ----------------------------------------
                                 5      SOLE VOTING POWER
NUMBER OF                                    0 shares
SHARES
                                 ------ ----------------------------------------
BENEFICIALLY OWNED BY            6      SHARED VOTING POWER
EACH                                         494,333 shares

                                 ------ ----------------------------------------
REPORTING                        7      SOLE DISPOSITIVE POWER
PERSON                                       0 shares
WITH
                                 ------ ----------------------------------------
                                 8      SHARED DISPOSITIVE POWER
                                             494,333 shares

- ------- ------------------------------------------------------------------------
9       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
            494,333 shares

- ------- ------------------------------------------------------------------------
10      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

                                                                      [  ]
- ------- ------------------------------------------------------------------------
11      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
             5.7%

- ------- ------------------------------------------------------------------------
12      TYPE OF REPORTING PERSON*

             CO
- ------- ------------------------------------------------------------------------



                              Pages 7 of 22 pages


CUSIP No.  0009252841                                         Page 8 of 22 Pages

- ------- ------------------------------------------------------------------------
1       NAME OF REPORTING PERSON
        S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

             Michiel de Haan

- ------- ------------------------------------------------------------------------
2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

                                                                    (a) [  ]
                                                                    (b) [  ]

- ------- ------------------------------------------------------------------------
3       SEC USE ONLY


- ------- ------------------------------------------------------------------------
4       CITIZENSHIP OR PLACE OF ORGANIZATION

             The Netherlands

- -------------------------------- ------ ----------------------------------------
                                 5      SOLE VOTING POWER
NUMBER OF                                    0 shares
SHARES
                                 ------ ----------------------------------------
BENEFICIALLY OWNED BY            6      SHARED VOTING POWER
EACH                                         494,333 shares

                                 ------ ----------------------------------------
REPORTING                        7      SOLE DISPOSITIVE POWER
PERSON                                       0 shares
WITH
                                 ------ ----------------------------------------
                                 8      SHARED DISPOSITIVE POWER
                                             494,333 shares

- ------- ------------------------------------------------------------------------
9       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
            494,333 shares

- ------- ------------------------------------------------------------------------
10      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

                                                                      [  ]
- ------- ------------------------------------------------------------------------
11      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
             5.7%

- ------- ------------------------------------------------------------------------
12      TYPE OF REPORTING PERSON*

             IN
- ------- ------------------------------------------------------------------------



                              Pages 8 of 22 pages


CUSIP No.  0009252841                                         Page 9 of 22 Pages

- ------- ------------------------------------------------------------------------
1       NAME OF REPORTING PERSON
        S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

             Evert Smid

- ------- ------------------------------------------------------------------------
2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

                                                               (a) [  ]
                                                               (b) [  ]

- ------- ------------------------------------------------------------------------
3       SEC USE ONLY


- ------- ------------------------------------------------------------------------
4       CITIZENSHIP OR PLACE OF ORGANIZATION

             The Netherlands

- -------------------------------- ------ ----------------------------------------
                                 5      SOLE VOTING POWER
NUMBER OF                                    0 shares
SHARES
                                 ------ ----------------------------------------
BENEFICIALLY OWNED BY            6      SHARED VOTING POWER
EACH                                         494,333 shares

                                 ------ ----------------------------------------
REPORTING                        7      SOLE DISPOSITIVE POWER
PERSON                                       0 shares
WITH
                                 ------ ----------------------------------------
                                 8      SHARED DISPOSITIVE POWER
                                             494,333 shares

- ------- ------------------------------------------------------------------------
9       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
            494,333 shares

- ------- ------------------------------------------------------------------------
10      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

                                                                      [  ]
- ------- ------------------------------------------------------------------------
11      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
             5.7%

- ------- ------------------------------------------------------------------------
12      TYPE OF REPORTING PERSON*

             IN
- ------- ------------------------------------------------------------------------


                               Page 9 of 22 Pages



                                  Schedule 13G
                                  ------------

Item 1(a).        Name of Issuer:  Versant Object Technology Corporation

Item 1(b).        Address of Issuer's Principal Executive Offices:
                  1380 Willow Road, Menlo Park, California  94025

Item 2(a).        Names  of  Persons  Filing:  Atlas  Venture Fund, L.P.,  Atlas
                  Venture  Associates,  L.P.,  Atlas Venture Partners III, B.V.,
                  Atlas Venture Europe Fund B.V.,  Atlas Venture Beheer II B.V.,
                  Atlas InvesteringsGroep N.V., Michiel de Haan and Evert Smid.

                  Atlas Venture Associates,  L.P. is the sole general partner of
                  Atlas Venture Fund, L.P. Atlas Venture Partners III, B.V. is a
                  general  partner  of  Atlas  Venture  Associates,  L.P.  Atlas
                  InvesteringsGroep  N.V.  is  the  sole  shareholder  of  Atlas
                  Venture  Europe  Fund B.V.  and Atlas  Venture  Beheer II B.V.
                  Messrs.   de  Haan  and  Smid  are  managing   directors   and
                  shareholders  of Atlas  Venture  Partners  III,  B.V.  and are
                  managing directors of Atlas InvesteringsGroep N.V.

Item 2(b).        Address of Principal  Business Office or, if None,  Residence:
                  The address of the principal  business office of Atlas Venture
                  Fund,  L.P.  and  Atlas  Venture  Associates,  L.P.  is  Atlas
                  Venture, 222 Berkeley Street, Boston, Massachusetts 02116. The
                  address  of the  principal  business  office of Atlas  Venture
                  Partners  III,  B.V.,  Atlas Venture  Europe Fund B.V.,  Atlas
                  Venture  Beheer II B.V.,  Atlas  InvesteringsGroep  N.V.,  and
                  Messrs.  de Haan  and Smid is  Atlas  InvesteringsGroep  N.V.,
                  Naarderpoort 1, 1411 MA Naarden, The Netherlands.

Item 2(c).        Citizenship: Atlas Venture Fund, L.P. is a limited partnership
                  organized under the laws of the Commonwealth of Massachusetts.
                  Atlas  Venture  Associates,  L.P.  is  a  limited  partnership
                  organized  under  the  laws of the  State of  Delaware.  Atlas
                  Venture  Partners III,  B.V.,  Atlas Venture Europe Fund B.V.,
                  Atlas Venture Beheer II B.V. and Atlas  InvesteringsGroep N.V.
                  are  each  a  corporation  organized  under  the  laws  of The
                  Netherlands.  Messrs.  de Haan and Smid  are  citizens  of The
                  Netherlands.

Item 2(d).        Title of Class of Securities:  Common Stock, no par value

Item 2(e).        CUSIP Number:  0009252841

Item 3.           If this  statement  is filed  pursuant to Rules  13d-1(b),  or
                  13d-2(b), check whether the person filing is a:
                  
                  (a)      [   ]    Broker or Dealer registered under Section 15
                                    of the Securities  Exchange Act of 1934 (the
                                    "Act").

                  (b)      [   ]    Bank as defined  in  Section  3(a)(6) of the
                                    Act.

                  (c)      [   ]    Insurance  Company  as  defined  in  Section
                                    3(a)(19) of the Act.



                               Page 10 of 22 Pages




                  (d)      [   ]    Investment  Company registered under Section
                                    8 of the Investment Company Act of 1940.

                  (e)      [   ]    Investment  Adviser registered under Section
                                    203 of the Investment Advisers Act of 1940.

                  (f)      [   ]    Employee Benefit Plan, Pension Fund which is
                                    subject to the  provisions  of the  Employee
                                    Retirement  Income  Security  Act of 1974 or
                                    Endowment Fund; see Rule  13d-1(b)(1)(ii)(F)
                                    of the Act.

                  (g)      [   ]    Parent Holding  Company,  in accordance with
                                    Rule 13d-1(b)(ii)(G) of the Act.

                  (h)      [   ]    Group,     in    accordance     with    Rule
                                    13d-1(b)(1)(ii)(H) of the Act.

                  Not Applicable.

Item 4.  Ownership.

         (a)      Amount Beneficially Owned:

                  Each of Atlas Venture Fund,  L.P.,  Atlas Venture  Associates,
                  L.P., Atlas Venture Europe Fund B.V., Atlas Venture Beheer II,
                  B.V.  and  Atlas   InvesteringsGroep   N.V.  (individually  an
                  "Entity" and collectively the "Entities") may be deemed to own
                  beneficially 494,333 shares of Common Stock as of December 31,
                  1996.  Each of  Messrs.  de Haan and Smid may be deemed to own
                  beneficially 494,333 shares of Common Stock as of December 31,
                  1996.

                  As of December  31,  1996,  Atlas  Venture  Fund,  L.P. is the
                  record owner of 247,167 shares of Common Stock,  Atlas Venture
                  Europe  Fund B.V.  is the record  owner of  123,583  shares of
                  Common Stock,  and Atlas Venture  Beheer II B.V. is the record
                  owner of 123,583  shares of Common  Stock  (referred to 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  494,333 shares of Common Stock.
                  In their  capacities  as managing  directors of Atlas  Venture
                  Partners III, B.V. and Atlas  InvesteringsGroep  N.V., each of
                  Messrs.  de Haan and Smid may be  deemed  to own  beneficially
                  494,333 shares of Common Stock.

         (b)      Percent of Class:

                  Atlas Venture Fund, L.P.                       5.7%
                  Atlas Venture Associates, L.P.                 5.7%
                  Atlas Venture Partners III, B.V.               5.7%
                  Atlas Venture Europe Fund B.V.                 5.7%
                  Atlas Venture Beheer II B.V.                   5.7%
                  Atlas InvesteringsGroep N.V.                   5.7%
                  Michiel de Haan                                5.7%
                  Evert Smid                                     5.7%


                               Page 11 of 22 Pages




         The foregoing  percentages are calculated based on the 8,718,452 shares
         of Common Stock  reported to be  outstanding  in Form 10-QSB of Versant
         Object Technology Corporation for the Quarter Ended September 30, 1996.

         (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:

                            Atlas Venture Fund, L.P.              494,333 shares
                            Atlas Venture Associates, L.P.        494,333 shares
                            Atlas Venture Partners III, B.V.      494,333 shares
                            Atlas Venture Europe Fund B.V.        494,333 shares
                            Atlas Venture Beheer II B.V.          494,333 shares
                            Atlas InvesteringsGroep N.V.          494,333 shares
                            Michiel de Haan                       494,333 shares
                            Evert Smid                            494,333 shares

                  (iii)    sole power to  dispose or to direct the  dispositions
                           of:

                           0 shares for each reporting person

                  (iv)     shared power to dispose or to direct the  disposition
                           of:

                           Atlas Venture Fund, L.P.               494,333 shares
                           Atlas Venture Associates, L.P.         494,333 shares
                           Atlas Venture Partners III, B.V.       494,333 shares
                           Atlas Venture Europe Fund B.V.         494,333 shares
                           Atlas Venture Beheer II B.V.           494,333 shares
                           Atlas InvesteringsGroep N.V.           494,333 shares
                           Michiel de Haan                        494,333 shares
                           Evert Smid                             494,333 shares

         Each of the reporting persons expressly disclaims  beneficial ownership
         of any shares of Common Stock of Versant Object Technology Corporation,
         except in the case of (i) Atlas  Venture  Fund,  L.P.  for the  247,167
         shares which it holds of record,  (ii) Atlas  Venture  Europe Fund B.V.
         for the  123,583  shares  which it holds of  record,  and  (iii)  Atlas
         Venture Beheer II B.V. for the 123,583 shares which it holds of record.



                               Page 12 of 22 Pages




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 Rule 13d-1(b)(ii)(H).

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 13 of 22 Pages



                                   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 7, 1997

ATLAS VENTURE FUND, L.P.                        ATLAS VENTURE PARTNERS III, B.V.

By:   Atlas Venture Associates, L.P.
                                                By:                *
                                                    ----------------------------
                                                          Michiel de Haan,
                                                          Managing Director
By:            *
   -----------------------------
      Christopher J. Spray,
      General Partner                           ATLAS VENTURE BEHEER II B.V.

ATLAS VENTURE ASSOCIATES, L.P.                  By: Atlas InvesteringsGroep N.V.


By:            *                                By:                *
   -----------------------------                    ----------------------------
      Christopher J. Spray,                               Michiel de Haan,
      General Partner                                     Managing Director

ATLAS INVESTERINGSGROEP N.V.


By:            *                                                   *
   -----------------------------                    ----------------------------
      Michiel de Haan,                                   Michiel de Haan
      Managing Director

                                                                   *
                                                     ---------------------------
ATLAS VENTURE EUROPE FUND B.V.                           Evert Smid

By:   Atlas InvesteringsGroep N.V.

By:            *
   -----------------------------
      Michiel de Haan,
      Managing Director

*   The  undersigned  attorney-in-fact,  by signing her name below,  does hereby
    sign this  statement  on behalf of the above  indicated  filers  pursuant to
    Powers of  Attorney on file with the  Securities  and  Exchange  Commission,
    which Powers of Attorney are  incorporated  herein by  reference.  Copies of
    such Powers of Attorney are attached hereto as Exhibit 2.


     /s/ Jeanne Larkin Henry
     ---------------------------
         Jeanne Larkin Henry
         Attorney-in-fact



                               Page 14 of 22 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  Versant  Object  Technology
Corporation.

         This agreement may be executed in any number of  counterparts,  each of
which shall be deemed an original.

         EXECUTED this 7th day of February, 1997.

ATLAS VENTURE FUND, L.P.                        ATLAS VENTURE PARTNERS III, B.V.

By:   Atlas Venture Associates, L.P.
                                                By:              *
                                                   ----------------------------
                                                           Michiel de Haan,
                                                           Managing Director
By:            *
   -----------------------------
      Christopher J. Spray,
      General Partner                           ATLAS VENTURE BEHEER II B.V.

ATLAS VENTURE ASSOCIATES, L.P.                  By: Atlas InvesteringsGroep N.V.


By:            *                                By:              *
   -----------------------------                   ----------------------------
      Christopher J. Spray,                             Michiel de Haan,
      General Partner                                   Managing Director

ATLAS INVESTERINGSGROEP N.V.


By:            *                                                 *
   -----------------------------                    ---------------------------
      Michiel de Haan,                                  Michiel de Haan
      Managing Director

                                                                  *
                                                     --------------------------
ATLAS VENTURE EUROPE FUND B.V.                          Evert Smid

By:   Atlas InvesteringsGroep N.V.

By:            *
   -----------------------------
      Michiel de Haan,
      Managing Director

*   The  undersigned  attorney-in-fact,  by signing her name below,  does hereby
    sign this  statement  on behalf of the above  indicated  filers  pursuant to
    Powers of  Attorney on file with the  Securities  and  Exchange  Commission,
    which Powers of Attorney are  incorporated  herein by  reference.  Copies of
    such Powers of Attorney are attached hereto as Exhibit 2.


     /s/ Jeanne Larkin Henry
     --------------------------
         Jeanne Larkin Henry
         Attorney-in-fact



                               Page 15 of 22 Pages





                                POWER OF ATTORNEY


         KNOW  ALL MEN BY THESE  PRESENTS,  that  each  person  whose  signature
appears below hereby  constitutes  and appoints each and any of  Christopher  J.
Spray and Jeanne  Larkin Henry 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 Atlas  Venture
Fund,  L.P., Atlas Venture  Associates,  L.P., Atlas Venture Partners III, B.V.,
Atlas Venture Fund II, L.P.,  Atlas Venture  Associates II, L.P.,  Atlas Venture
Europe Fund B.V., Atlas InvesteringsGroep N.V., and Atlas Venture Beheer II B.V.
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 he might or could do in person thereby  ratifying and confirming all
that said  attorney-in-fact  and agent,  or his substitute or  substitutes,  may
lawfully do or cause to be done by virtue hereof.





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                      [SIGNATURE PAGE FOLLOWS IMMEDIATELY]




                               Page 16 of 22 Pages





      IN WITNESS WHEREOF,  this Power of Attorney has been signed as of the 31st
day of January, 1997.



                                           /s/ Christopher J. Spray
                                           --------------------------------
                                                Christopher J. Spray


Commonwealth of Massachusetts   )
                                ) ss:
County of Suffolk               )

      On this 31st day of January,  1997,  before me personally came Christopher
J. Spray,  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/ Elizabeth  A. LeBlanc
                                           -------------------------------
                                           Notary Public

                                           My commission expires:  July 3, 1998


                               Page 17 of 22 Pages



      IN WITNESS WHEREOF,  this Power of Attorney has been signed as of the 31st
day of January, 1997.



                                           /s/ Barry Fidelman
                                           -------------------------
                                               Barry Fidelman


Commonwealth of Massachusetts   )
                                ) ss:
County of Suffolk               )

      On this  31st day of  January,  1997,  before  me  personally  came  Barry
Fidelman,  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/ Elizabeth  A. LeBlanc
                                           -----------------------------
                                           Notary Public

                                           My commission expires:  July 3, 1998


                               Page 18 of 22 Pages



      IN WITNESS WHEREOF,  this Power of Attorney has been signed as of the 31st
day of January, 1997.



                                           /s/ Michiel de Haan
                                           --------------------------
                                               Michiel de Haan


Commonwealth of Massachusetts   )
                                ) ss:
County of Suffolk               )

      On this 31st day of January,  1997,  before me personally  came Michiel de
Haan,  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/ Elizabeth  A. LeBlanc
                                           -------------------------------
                                           Notary Public

                                           My commission expires:  July 3, 1998


                               Page 19 of 22 Pages



      IN WITNESS WHEREOF,  this Power of Attorney has been signed as of the 31st
day of January, 1997.



                                           /s/ Evert Smid
                                           -------------------------
                                               Evert Smid


Commonwealth of Massachusetts   )
                                ) ss:
County of Suffolk               )

      On this 31st day of January,  1997,  before me personally came Evert Smid,
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/ Elizabeth  A. LeBlanc
                                           --------------------------------
                                           Notary Public

                                           My commission expires:  July 3, 1998


                               Page 20 of 22 Pages



      IN WITNESS WHEREOF,  this Power of Attorney has been signed as of the 31st
day of January, 1997.



                                           /s/ Allan R. Ferguson
                                           ----------------------------
                                               Allan R. Ferguson


Commonwealth of Massachusetts  )
                               ) ss:
County of Suffolk              )

      On this 31st day of  January,  1997,  before me  personally  came Allan R.
Ferguson,  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/ Elizabeth  A. LeBlanc
                                           -----------------------------
                                           Notary Public

                                           My commission expires:  July 3, 1998



                               Page 21 of 22 Pages




      IN WITNESS WHEREOF,  this Power of Attorney has been signed as of the 31st
day of January, 1997.



                                           /s/ Jean-Francois Formela
                                           -----------------------------
                                               Jean-Francois Formela


Commonwealth of Massachusetts   )
                                ) ss:
County of Suffolk               )

      On this 31st day of January, 1997, before me personally came Jean-Francois
Formela,  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/ Elizabeth  A. LeBlanc
                                           -----------------------------
                                           Notary Public

                                           My commission expires:  July 3, 1998


                               Page 22 of 22 Pages


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