SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13D
Under the Securities Exchange Act of 1934
(Amendment No. 6)*
PLATINUM SOFTWARE CORPORATION
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
- --------------------------------------------------------------------------------
(Title of Class of Securities)
72764 R 10 5
- --------------------------------------------------------------------------------
(CUSIP Number)
Pamela K. Hagenah
Integral Capital Partners
2750 Sand Hill Road
Menlo Park, California 94025
(650) 233-0360
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
February 23, 1998
- --------------------------------------------------------------------------------
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition which is the subject of this Schedule 13D, and is filing
this schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ].
NOTE: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) for other parties to whom copies are to
be sent.
*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
(Continued on following pages)
Page 1 of 28 Pages
Exhibit Index Contained on Page 22
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
- ----------------------------------------------------------- --------------------------------------------------
CUSIP NO. 72764R 10 5 13D Page 2 of 28 Pages
- ----------------------------------------------------------- --------------------------------------------------
- ----------- ------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Integral Capital Management, L.P. ("ICM")
- ----------- ------------------------------------------------------------------------------------------------------------------
2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [X]
- ----------- ------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------- ------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS* WC
- ----------- ------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
- ----------- ------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware (limited partnership)
- --------------------------------------- --------- ----------------------------------------------------------------------------
7 SOLE VOTING POWER -0-
--------- ----------------------------------------------------------------------------
NUMBER 8 SHARED VOTING POWER
OF 345,148 shares, of which 314,763 shares are directly owned by
SHARES Integral Capital Partners, L.P. ("ICP") and 30,385 shares are
BENEFICIALLY directly owned by Integral Capital Partners International C.V.
OWNED BY EACH ("ICPI"). ICM is the general partner of ICP and the investment
REPORTING general partner of ICPI.
PERSON
WITH
--------- ----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER -0-
--------- ----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
345,148 shares (see response to Item 8)
- ----------- ------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
345,148 shares
- ----------- ------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* [ ]
- ----------- ------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 1.5%
- ----------- ------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON* PN
- ----------- ------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
- ----------------------------------------------------------- --------------------------------------------------
CUSIP NO. 72764R 10 5 13D Page 3 of 28 Pages
- ----------------------------------------------------------- --------------------------------------------------
- ----------- ------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Integral Capital Management II, L.P. ("ICM2")
- ----------- ------------------------------------------------------------------------------------------------------------------
2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [X]
- ----------- ------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------- ------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS* WC
- ----------- ------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
- ----------- ------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware (limited partnership)
- --------------------------------------- --------- ----------------------------------------------------------------------------
7 SOLE VOTING POWER -0-
--------- ----------------------------------------------------------------------------
NUMBER 8 SHARED VOTING POWER
OF 377,606 shares, of which 274,449 shares are directly owned by
SHARES Integral Capital Partners II, L.P. ("ICP2") and 103,157 shares are
BENEFICIALLY directly owned by Integral Capital Partners International II C.V.
OWNED BY EACH ("ICPI2"). ICM2 is the general partner of ICP2 and the investment
REPORTING general partner of ICPI2.
PERSON
WITH
--------- ----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER -0-
--------- ----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
377,606 shares (see response to Item 8)
- ----------- ------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
377,606 shares
- ----------- ------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* [ ]
- ----------- ------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 1.6%
- ----------- ------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON* PN
- ----------- ------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
- ----------------------------------------------------------- --------------------------------------------------
CUSIP NO. 72764R 10 5 13D Page 4 of 28 Pages
- ----------------------------------------------------------- --------------------------------------------------
- ----------- ------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Integral Capital Management III, L.P. ("ICM3")
- ----------- ------------------------------------------------------------------------------------------------------------------
2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [X]
- ----------- ------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------- ------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS* WC
- ----------- ------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
- ----------- ------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware (limited partnership)
- --------------------------------------- --------- ----------------------------------------------------------------------------
7 SOLE VOTING POWER -0-
--------- ----------------------------------------------------------------------------
NUMBER 8 SHARED VOTING POWER
OF 207,608 shares, of which 167,853 shares are directly owned by
SHARES Integral Capital Partners III, L.P. ("ICP3") and 39,755 shares are
BENEFICIALLY directly owned by Integral Capital Partners International, L.P. III
OWNED BY EACH ("ICPI3"). ICM3 is the general partner of ICPI3 and the investment
REPORTING general partner of ICPI3.
PERSON
WITH
--------- ----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER -0-
--------- ----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
207,608 shares (see response to Item 8)
- ----------- ------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
207,608 shares
- ----------- ------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* [ ]
- ----------- ------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 0.9%
- ----------- ------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON* PN
- ----------- ------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
- ----------------------------------------------------------- --------------------------------------------------
CUSIP NO. 72764R 10 5 13D Page 5 of 28 Pages
- ----------------------------------------------------------- --------------------------------------------------
- ----------- ------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Integral Capital Partners, L.P. ("ICP")
- ----------- ------------------------------------------------------------------------------------------------------------------
2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [X]
- ----------- ------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------- ------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS* WC
- ----------- ------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
- ----------- ------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware (limited partnership)
- --------------------------------------- --------- ----------------------------------------------------------------------------
7 SOLE VOTING POWER -0-
--------- ----------------------------------------------------------------------------
NUMBER 8 SHARED VOTING POWER
OF 314,763 shares are directly owned by ICP. Integral Capital
SHARES Management, L.P. is the general partner.
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON
WITH
--------- ----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER -0-
--------- ----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
314,763 shares (see response to Item 8)
- ----------- ------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
314,763 shares
- ----------- ------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* [ ]
- ----------- ------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 1.4%
- ----------- ------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON* PN
- ----------- ------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
- ----------------------------------------------------------- --------------------------------------------------
CUSIP NO. 72764R 10 5 13D Page 6 of 28 Pages
- ----------------------------------------------------------- --------------------------------------------------
- ----------- ------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Integral Capital Partners International, C.V. ("ICPI")
- ----------- ------------------------------------------------------------------------------------------------------------------
2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [X]
- ----------- ------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------- ------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS* WC
- ----------- ------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
- ----------- ------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Netherlands Antilles (limited partnership)
- --------------------------------------- --------- ----------------------------------------------------------------------------
7 SOLE VOTING POWER -0-
--------- ----------------------------------------------------------------------------
NUMBER 8 SHARED VOTING POWER
OF 30,385 shares are directly owned by ICPI. Integral Capital
SHARES Management, L.P. is the general partner of ICPI.
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON
WITH
--------- ----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER -0-
--------- ----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
30,385 shares (see response to Item 8)
- ----------- ------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
30,385 shares
- ----------- ------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* [ ]
- ----------- ------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 0.1%
- ----------- ------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON* PN
- ----------- ------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
- ----------------------------------------------------------- --------------------------------------------------
CUSIP NO. 72764R 10 5 13D Page 7 of 28 Pages
- ----------------------------------------------------------- --------------------------------------------------
- ----------- ------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Integral Capital Partners II, L.P. ("ICP2")
- ----------- ------------------------------------------------------------------------------------------------------------------
2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [X]
- ----------- ------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------- ------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS* WC
- ----------- ------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
- ----------- ------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware (limited partnership)
- --------------------------------------- --------- ----------------------------------------------------------------------------
7 SOLE VOTING POWER -0-
--------- ----------------------------------------------------------------------------
NUMBER 8 SHARED VOTING POWER
OF 274,449 shares are directly owned by ICP2. Integral Capital
SHARES Management II, L.P. is the general partner of ICP2.
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON
WITH
--------- ----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER -0-
--------- ----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
274,449 shares (see response to Item 8)
- ----------- ------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
274,449 shares
- ----------- ------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* [ ]
- ----------- ------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 1.2%
- ----------- ------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON* PN
- ----------- ------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
- ----------------------------------------------------------- --------------------------------------------------
CUSIP NO. 72764R 10 5 13D Page 8 of 28 Pages
- ----------------------------------------------------------- --------------------------------------------------
- ----------- ------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Integral Capital Partners International II C.V. ("ICPI2")
- ----------- ------------------------------------------------------------------------------------------------------------------
2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [X]
- ----------- ------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------- ------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS* WC
- ----------- ------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
- ----------- ------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Netherland Antilles (limited partnership)
- --------------------------------------- --------- ----------------------------------------------------------------------------
7 SOLE VOTING POWER -0-
--------- ----------------------------------------------------------------------------
NUMBER 8 SHARED VOTING POWER
OF 103,157 shares are directly owned by ICPI2. Integral Capital
SHARES Management II, L.P. is the investment general partner of ICPI2.
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON
WITH
--------- ----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER -0-
--------- ----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
103,157 shares (see response to Item 8)
- ----------- ------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
103,157 shares
- ----------- ------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* [ ]
- ----------- ------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 0.5%
- ----------- ------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON* PN
- ----------- ------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
- ----------------------------------------------------------- --------------------------------------------------
CUSIP NO. 72764R 10 5 13D Page 9 of 28 Pages
- ----------------------------------------------------------- --------------------------------------------------
- ----------- ------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Integral Capital Partners III, L.P. ("ICP3")
- ----------- ------------------------------------------------------------------------------------------------------------------
2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [X]
- ----------- ------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------- ------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS* WC
- ----------- ------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
- ----------- ------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware (limited partnership)
- --------------------------------------- --------- ----------------------------------------------------------------------------
7 SOLE VOTING POWER -0-
--------- ----------------------------------------------------------------------------
NUMBER 8 SHARED VOTING POWER
OF 167,853 shares are directly owned by ICP3. Integral Capital
SHARES Management III, L.P. is the general partner of ICP3.
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON
WITH
--------- ----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER -0-
--------- ----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
167,853 shares (see response to Item 8)
- ----------- ------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
167,853 shares
- ----------- ------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* [ ]
- ----------- ------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 0.7%
- ----------- ------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON* PN
- ----------- ------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
- ----------------------------------------------------------- --------------------------------------------------
CUSIP NO. 72764R 10 5 13D Page 10 of 28 Pages
- ----------------------------------------------------------- --------------------------------------------------
- ----------- ------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Integral Capital Partners International III, L.P. ("ICPI3")
- ----------- ------------------------------------------------------------------------------------------------------------------
2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [X]
- ----------- ------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------- ------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS* WC
- ----------- ------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
- ----------- ------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands (limited partnership)
- --------------------------------------- --------- ----------------------------------------------------------------------------
7 SOLE VOTING POWER -0-
--------- ----------------------------------------------------------------------------
NUMBER 8 SHARED VOTING POWER
OF 39,775 shares are directly owned by ICPI3. Integral Capital
SHARES Management III, L.P. is the investment general partner of ICPI3.
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON
WITH
--------- ----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER -0-
--------- ----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
39,755 shares (see response to Item 8)
- ----------- ------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
39,775 shares
- ----------- ------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* [ ]
- ----------- ------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 0.2%
- ----------- ------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON* PN
- ----------- ------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
- ----------------------------------------------------------- --------------------------------------------------
CUSIP NO. 72764R 10 5 13D Page 11 of 28 Pages
- ----------------------------------------------------------- --------------------------------------------------
- ----------- ------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Roger B. McNamee
- ----------- ------------------------------------------------------------------------------------------------------------------
2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [X]
- ----------- ------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------- ------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS* WC
- ----------- ------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
- ----------- ------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States citizen
- --------------------------------------- --------- ----------------------------------------------------------------------------
7 SOLE VOTING POWER -0-
--------- ----------------------------------------------------------------------------
NUMBER 8 SHARED VOTING POWER
OF 345,148 shares, of which 314,763 shares are directly owned by
SHARES ICP and 30,385 shares are directly owned by ICPI. ICM is the
BENEFICIALLY general partner of ICP and the investment general partner of ICPI.
OWNED BY EACH Mr. McNamee is a general partner of ICM.
REPORTING
WITH
--------- ----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER -0-
--------- ----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
345,148 shares (see response to Item 8)
- ----------- ------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
345,148 shares
- ----------- ------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* [ ]
- ----------- ------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 1.5%
- ----------- ------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON* IN
- ----------- ------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
- ----------------------------------------------------------- --------------------------------------------------
CUSIP NO. 72764R 10 5 13D Page 12 of 28 Pages
- ----------------------------------------------------------- --------------------------------------------------
- ----------- ------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
John A. Powell
- ----------- ------------------------------------------------------------------------------------------------------------------
2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [X]
- ----------- ------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------- ------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS* WC
- ----------- ------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
- ----------- ------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States citizen
- --------------------------------------- --------- ----------------------------------------------------------------------------
7 SOLE VOTING POWER -0-
--------- ----------------------------------------------------------------------------
NUMBER 8 SHARED VOTING POWER
OF 345,148 shares, of which 314,763 shares are directly owned by
SHARES ICP and 30,385 shares are directly owned by ICPI. ICM is the
BENEFICIALLY general partner of ICP and the investment general partner of ICPI.
OWNED BY EACH Mr. Powell is a general partner of ICM.
REPORTING
WITH
--------- ----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER -0-
--------- ----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
345,148 shares (see response to Item 8)
- ----------- ------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
345,148 shares
- ----------- ------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* [ ]
- ----------- ------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 1.5%
- ----------- ------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON* IN
- ----------- ------------------------------------------------------------------------------------------------------------------
<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
<PAGE>
Page 13 of 28
This statement constitutes Amendment No. 6 to the statement on
Schedule 13D of Platinum Software Corporation (the "Issuer") filed on October 1,
1994, as amended by Amendment No. 1 thereto filed on January 21, 1995, as
further amended by Amendment No. 2 thereto filed on June 7, 1995, as further
amended by Amendment No. 3 thereto filed on July 2, 1996, as further amended by
Amendment No. 4 thereto filed on September 9, 1996 and as further amended by
Amendment No. 5 thereto filed on October 28, 1996 (as so amended, the "Schedule
13D") by and on behalf of Integral Capital Management, L.P., a Delaware limited
partnership ("ICM"), Integral Capital Management II, L.P., a Delaware limited
partnership ("ICM2"), Integral Capital Management III, L.P., a Delaware limited
partnership ("ICM3"), and the general partners of ICM. The principal business
address of ICM, ICM2 and ICM3 is 2750 Sand Hill Road, Menlo Park, California
94025. The names, business addresses, occupations and citizenships of all the
general partners of ICM, ICM2 and ICM3 are set forth on Exhibit B hereto.
Capitalized terms not defined herein have the meaning ascribed to them in the
Schedule 13D.
Only those items amended are reported herein.
ITEM 2. IDENTITY AND BACKGROUND
Item 2 of the Schedule 13D is hereby amended and restated in
full as follows:
This statement is being filed by Integral Capital Management,
L.P., a Delaware limited partnership ("ICM"), Integral Capital Management II,
L.P. ("ICM2") and Integral Capital Management III, L.P. ("ICM3"). The principal
business address of ICM, ICM2 and ICM3 is 2750 Sand Hill Road, Menlo Park,
California 94025. The names, business addresses, occupations and citizenships of
all the general partners of ICM, ICM2 and ICM3 are set forth on Exhibit B
hereto.
ICM is the general partner of Integral Capital Partners, L.P.,
a Delaware limited partnership ("ICP"), and the investment general partner of
Integral Capital Partners International C.V., a Netherlands Antilles limited
partnership ("ICPI"). ICM2 is the general partner of Integral Capital Partners
II, L.P., a Delaware limited partnership ("ICP2"), and the investment general
partner of Integral Capital Partners International II C.V., a Netherlands
Antilles limited partnership ("ICPI2"). ICM3 is the general partner of Integral
Capital Partners III, L.P., a Delaware limited partnership ("ICP3"), and the
investment general partner of Integral Capital Partners International III, L.P.,
a Cayman Islands exempted limited partnership ("ICPI3"). With respect to ICM,
ICM2 and ICM3, and the general partners of ICM, this statement relates only to
ICM's, ICM2's and ICM3's indirect, beneficial ownership of shares of Common
Stock of the Issuer (the "Common Stock"), Series B Preferred Stock of the Issuer
(the "Series B Preferred Stock") and Series C Preferred Stock of the Issuer (the
"Series C Preferred Stock") (together, the "Shares"). Each share of the Series B
Preferred Stock is convertible into one share of Common Stock. Each share of the
Series C Preferred Stock is convertible into ten shares of Common Stock. The
Shares have been purchased by ICP, ICPI, ICP2, ICPI2, ICP3, and ICPI3, and none
of ICM, ICM2, ICM3, or the general partners of ICM directly or otherwise hold
any Shares. Management of the business affairs of ICM, including decisions
respecting disposition and/or voting of the Shares, resides in the two general
partners of ICM listed on Exhibit B hereto. Management of the business affairs
of ICM2 and ICM3, including decisions respecting disposition and/or voting of
the Shares, resides in a majority of the general partners of ICM2 and ICM3,
respectively, listed on Exhibit B, such that no single general partner of ICM2
or ICM3 has voting and/or dispositive power of the Shares.
<PAGE>
Page 14 of 28
To the best of ICM's, ICM2's and ICM3's knowledge, none of the
persons listed on Exhibit B hereto has, during the last five years, been
convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors) or been a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction and as a result of such proceeding
was or is subject to a judgment, decree or final order enjoining future
violations of, or prohibiting or mandating activities subject to federal or
state securities laws or finding any violation with respect to such laws.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
Item 5 of the Schedule 13D is hereby amended and restated in full as
follows:
A. Integral Capital Management, L.P. ("ICM")
(a) Amount Beneficially Owned: 345,148
Percent of Class: 1.5%
(b) Number of shares as to which such person has:
1. Sole power to vote or to direct vote:
-0-
2. Shared power to vote or to direct vote:
345,148
3. Sole power to dispose or to direct the disposition:
-0-
4. Shared power to dispose or to direct the disposition:
345,148
(c) To the best knowledge of ICM, none of ICP, ICPI, ICM, nor any
of the persons listed as general partners of ICM on Exhibit B has directly
effected any transactions in the Shares during the 60 days prior to February 23,
1998 through the date hereof, other than the open market sale on February 23,
1998 by Integral Capital Partners, L.P. and Integral Capital Partners
International C.V. of 221,602 shares and 21,391 shares, respectively, at a price
per share of $16.50, the open market sale on February 24, 1998 by Integral
Capital Partners, L.P. and Integral Capital Partners International C.V. of
16,916 shares and 1,633 shares, respectively, at a price per share of $17.00,
the open market sale on February 25, 1998 by Integral Capital Partners, L.P. and
Integral Capital Partners International C.V. of 64,281 shares and 6,205 shares,
respectively, at a price per share of $17.0526 and the transactions set forth in
Items 5B(c) and 5C(c) below.
(d) ICM is the general partner of Integral Capital Partners, L.P.,
a Delaware limited partnership ("ICP"), and the investment general partner of
Integral Capital Partners International C.V., a Netherlands Antilles limited
partnership ("ICPI"). Roger B. McNamee and John A. Powell are the general
partners of ICM and therefore have the power to direct the affairs of ICM,
including decisions respecting the disposition of the proceeds from the sale of
the Shares. Under certain circumstances set forth in the limited partnership
agreements of ICP, ICPI and ICM, the general and limited partners of such
entities may receive dividends from, or the proceeds from the sale of Shares of
Common Stock of Platinum Software Corporation owned, directly or indirectly, by
each such entity.
(e) Not applicable.
<PAGE>
Page 15 of 28
B. Integral Capital Management II, L.P. ("ICM2")
(a) Amount Beneficially Owned: 377,606
Percent of Class: 1.6%
(b) Number of shares as to which such person has:
1. Sole power to vote or to direct vote:
-0-
2. Shared power to vote or to direct vote:
377,606
3. Sole power to dispose or to direct the disposition:
-0-
4. Shared power to dispose or to direct the disposition:
377,606
(c) To the best knowledge of ICM2, none of ICP2, ICPI2, ICM2, nor
any of the persons listed as general partners of ICM2 on Exhibit B has directly
effected any transactions in the Shares during the 60 days prior to February 23,
1998 through the date hereof, other than the open market sale on February 23,
1998 by Integral Capital Partners II, L.P. and Integral Capital Partners
International II C.V. of 14,750 shares and 5,544 shares, respectively, at a
price per share of $16.50, the open market sale on February 24, 1998 by Integral
Capital Partners II, L.P. and Integral Capital Partners International II C.V. of
14,750 shares and 5,544 shares, respectively, at a price per share of $17.00,
the open market sale on February 25, 1998 by Integral Capital Partners II, L.P.
and Integral Capital Partners International II C.V. of 56,049 shares and 21,067
shares, respectively, at a price per share of $17.0526 and the transactions set
forth in Items 5A(c) and 5C(c).
(d) ICM2 is the general partner of ICP2 and the investment general
partner of ICPI2. Roger B. McNamee, John A. Powell and Pamela K. Hagenah are the
general partners of ICM2. Decisions respecting the voting of Shares and
disposition of the proceeds from the sale of Shares are determined by a majority
of the general partners. Under certain circumstances set forth in the limited
partnership agreements of ICP2, ICPI2 and ICM2, the general and limited partners
of such entities may receive dividends from, or the proceeds from the sale of
Shares of Common Stock of Platinum Software Corporation owned, directly or
indirectly, by each such entity.
(e) Not applicable.
C. Integral Capital Management III, L.P. ("ICM3")
(a) Amount Beneficially Owned: 207,608
Percent of Class: 0.9%
(b) Number of shares as to which such person has:
1. Sole power to vote or to direct vote:
-0-
2. Shared power to vote or to direct vote:
207,608
3. Sole power to dispose or to direct the disposition:
-0-
4. Shared power to dispose or to direct the disposition:
207,608
<PAGE>
Page 16 of 28
(c) To the best knowledge of ICM3, none of ICP3, ICPI3, ICM3,
nor any of the persons listed as general partners of ICM3 on Exhibit B has
directly effected any transactions in the Shares during the 60 days prior to
February 23, 1998 through the date hereof, other than the open market sale on
February 23, 1998 by Integral Capital Partners III, L.P. and Integral Capital
Partners International III, L.P. of 118,173 shares and 27,989 shares,
respectively, at a price per share of $16.50, the open market sale on February
24, 1998 by Integral Capital Partners III, L.P. and Integral Capital Partners
International III, L.P. of 9,020 shares and 2,137 shares, respectively, at a
price per share of $17.00, the open market sale on February 25, 1998 by Integral
Capital Partners III, L.P. and Integral Capital Partners International III, L.P.
of 34,279 shares and 8,119 shares, respectively, at a price per share of
$17.0526 and the transactions set forth in Items 5A(c) and 5B(c) above.
(d) ICM3 is the general partner of ICP3 and the investment
general partner of ICPI3. Roger B. McNamee, John A. Powell and Pamela K. Hagenah
are the general partners of ICM3. Decisions respecting the voting of Shares and
the disposition of the proceeds from the sale of Shares are determined by a
majority of the general partners. Under certain circumstances set forth in the
limited partnership agreements of ICP3, ICPI3 and ICM3, the general and limited
partners of such entities may receive dividends from, or the proceeds from the
sale of Shares of Common Stock of Platinum Software Corporation owned, directly
or indirectly, by each such entity.
(e) Not applicable.
D. Roger B. McNamee
(a) Amount Beneficially Owned: 345,148
Percent of Class: 1.5%
(b) Number of shares as to which such person has:
1. Sole power to vote or to direct vote:
-0-
2. Shared power to vote or to direct vote:
345,148
3. Sole power to dispose or to direct the disposition:
-0-
4. Shared power to dispose or to direct the disposition:
345,148
(c) Please see Items 5A(c), 5B(c) and 5C(c) above.
(d) Please see Items 5A(d), 5B(d) and 5C(d) above.
(e) Not applicable.
E. John A. Powell
(a) Amount Beneficially Owned: 345,148
Percent of Class: 1.5%
(b) Number of shares as to which such person has:
1. Sole power to vote or to direct vote:
-0-
2. Shared power to vote or to direct vote:
345,148
3. Sole power to dispose or to direct the disposition:
-0-
4. Shared power to dispose or to direct the disposition:
345,148
(c) Please see Items 5A(c), 5B(c) and 5C(c) above.
(d) Please see Items 5A(d), 5B(d) and 5C(d) above.
(e) Not applicable.
<PAGE>
Page 17 of 28
F. Integral Capital Partners, L.P.
(a) Aggregate number of Shares owned: 314,763
Percentage: 1.4%
(b) 1. Sole power to vote or to direct vote:
-0-
2. Shared power to vote or to direct vote:
314,763
3. Sole power to dispose or to direct the disposition:
-0-
4. Shared power to dispose or to direct the disposition:
314,763
(c) Please see Item 5A(c) above.
(d) Please see Item 5A(d) above.
(e) Not applicable.
G. Integral Capital Partners International C.V.
(a) Aggregate number of Shares owned: 30,385
Percentage: 0.1%
(b) 1. Sole power to vote or to direct vote:
-0-
2. Shared power to vote or to direct vote:
30,385
3. Sole power to dispose or to direct the disposition:
-0-
4. Shared power to dispose or to direct the disposition:
30,385
(c) Please see Item 5A(c) above.
(d) Please see Item 5A(d) above.
(e) Not applicable.
H. Integral Capital Partners II, L.P.
(a) Aggregate number of Shares owned: 274,449
Percentage: 1.2%
(b) 1. Sole power to vote or to direct vote:
-0-
2. Shared power to vote or to direct vote:
274,449
3. Sole power to dispose or to direct the disposition:
-0-
4. Shared power to dispose or to direct the disposition:
274,449
(c) Please see Item 5B(c) above.
(d) Please see Item 5B(d) above.
(e) Not applicable.
I. Integral Capital Partners International II C.V.
(a) Aggregate number of Shares owned: 103,157
Percentage: 0.5%
(b) 1. Sole power to vote or to direct vote:
-0-
2. Shared power to vote or to direct vote:
103,157
3. Sole power to dispose or to direct the disposition:
-0-
4. Shared power to dispose or to direct the disposition:
103,157
(c) Please see Item 5B(c) above.
(d) Please see Item 5B(d) above.
(e) Not applicable.
<PAGE>
Page 18 of 28
J. Integral Capital Partners III, L.P.
(a) Aggregate number of Shares owned: 167,853
Percentage: 0.7%
(b) 1. Sole power to vote or to direct vote:
-0-
2. Shared power to vote or to direct vote:
167,853
3. Sole power to dispose or to direct the disposition:
-0-
4. Shared power to dispose or to direct the disposition:
167,853
(c) Please see Item 5C(c) above.
(d) Please see Item 5C(d) above.
(e) Not applicable.
K. Integral Capital Partners International III, L.P.
(a) Aggregate number of Shares owned: 39,775
Percentage: 0.2%
(b) 1. Sole power to vote or to direct vote:
-0-
2. Shared power to vote or to direct vote:
39,775
3. Sole power to dispose or to direct the disposition:
-0-
4. Shared power to dispose or to direct the disposition:
39,775
(c) Please see Item 5C(c) above.
(d) Please see Item 5C(d) above.
(e) Not applicable.
ITEM 7. MATERIALS TO BE FILED AS EXHIBITS
Exhibit A: Agreement of Joint Filing
Exhibit B: List of General Partners of Integral Capital Management,
L.P., Integral Capital Management II, L.P. and Integral
Capital Management III, L.P.
<PAGE>
Page 19 of 28
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
Dated: February 25, 1998
INTEGRAL CAPITAL MANAGEMENT, L.P.
By: /s/ John A. Powell
----------------------------------
John A. Powell
a General Partner
INTEGRAL CAPITAL MANAGEMENT II, L.P.
By: /s/ John A. Powell
----------------------------------
John A. Powell
a General Partner
INTEGRAL CAPITAL MANAGEMENT III, L.P.
By: /s/ John A. Powell
----------------------------------
John A. Powell
a General Partner
ROGER B. McNAMEE
By: /s/ John A. Powell
----------------------------------
John A. Powell
Attorney-in-Fact
/s/ John A. Powell
-------------------------------------
John A. Powell
<PAGE>
Page 20 of 28
INTEGRAL CAPITAL PARTNERS, L.P.
By Integral Capital Management,
L.P., its General Partner
By: /s/ John A. Powell
----------------------------------
John A. Powell
a General Partner
INTEGRAL CAPITAL PARTNERS II, L.P.
By Integral Capital Management II,
L.P., its General Partner
By: /s/ John A. Powell
----------------------------------
John A. Powell
a General Partner
INTEGRAL CAPITAL PARTNERS III, L.P.
By Integral Capital Management III,
L.P., its General Partner
By: /s/ John A. Powell
----------------------------------
John A. Powell
a General Partner
INTEGRAL CAPITAL PARTNERS
INTERNATIONAL C.V.
By Integral Capital Management,
L.P., its Investment General Partner
By: /s/ John A. Powell
----------------------------------
John A. Powell
a General Partner
<PAGE>
Page 21 of 28
INTEGRAL CAPITAL PARTNERS
INTERNATIONAL II C.V.
By Integral Capital Management II,
L.P., its Investment General Partner
By: /s/ John A. Powell
----------------------------------
John A. Powell
a General Partner
INTEGRAL CAPITAL PARTNERS
INTERNATIONAL III, C.V.
By Integral Capital Management III,
L.P., its Investment General Partner
By: /s/ John A. Powell
----------------------------------
John A. Powell
a General Partner
<PAGE>
Page 22 of 28
EXHIBIT INDEX
Found on
Sequentially
Exhibit Numbered Page
- ------- -------------
Exhibit A: Agreement of Joint Filing 23
Exhibit B: List of General Partners of Integral Capital 26
Management, L.P., Integral Capital Management
II, L.P. and Integral Capital Management III, L.P.
<PAGE>
Page 23 of 28
EXHIBIT A
Agreement of Joint Filing
The undersigned hereby agree that they are filing jointly
pursuant to Rule 13d-1(f)(1) of the Act the statement dated February 25, 1998
containing the information required by Schedule 13D, for the 930,362 Shares of
capital stock of Platinum Software Corporation held by Integral Capital
Partners, L.P., a Delaware limited partnership, Integral Capital Partners
International C.V., a Netherlands Antilles limited partnership, Integral Capital
Partners II, L.P., a Delaware limited partnership, Integral Capital Partners
International II C.V., a Netherlands Antilles limited partnership, Integral
Capital Partners III, L.P., a Delaware limited partnership and Integral Capital
Partners International III, L.P., a Cayman Islands exempted limited partnership.
Date: February 25, 1998
INTEGRAL CAPITAL MANAGEMENT, L.P.
By: /s/ John A. Powell
----------------------------------
John A. Powell
a General Partner
INTEGRAL CAPITAL MANAGEMENT II, L.P.
By: /s/ John A. Powell
----------------------------------
John A. Powell
a General Partner
INTEGRAL CAPITAL MANAGEMENT III, L.P.
By: /s/ John A. Powell
----------------------------------
John A. Powell
a General Partner
ROGER B. McNAMEE
By: /s/ John A. Powell
----------------------------------
John A. Powell
Attorney-in-Fact
<PAGE>
Page 24 of 28
/s/ John A. Powell
-------------------------------------
John A. Powell
INTEGRAL CAPITAL PARTNERS, L.P.
By Integral Capital Management, L.P.,
its General Partner
By: /s/ John A. Powell
----------------------------------
John A. Powell
a General Partner
INTEGRAL CAPITAL PARTNERS
INTERNATIONAL C.V.
By Integral Capital Management, L.P.,
its Investment General Partner
By: /s/ John A. Powell
----------------------------------
John A. Powell
a General Partner
INTEGRAL CAPITAL PARTNERS II, L.P.
By Integral Capital Management II,
L.P., its General Partner
By: /s/ John A. Powell
----------------------------------
John A. Powell
a General Partner
INTEGRAL CAPITAL PARTNERS
INTERNATIONAL II C.V.
By Integral Capital Management II,
L.P., its Investment General Partner
By: /s/ John A. Powell
----------------------------------
John A. Powell
a General Partner
<PAGE>
Page 25 of 28
INTEGRAL CAPITAL PARTNERS III, L.P.
By Integral Capital Management III,
L.P., its General Partner
By: /s/ John A. Powell
----------------------------------
John A. Powell
a General Partner
INTEGRAL CAPITAL PARTNERS
INTERNATIONAL III, L.P.
By Integral Capital Management III,
L.P., its Investment General Partner
By: /s/ John A. Powell
----------------------------------
John A. Powell
a General Partner
<PAGE>
Page 26 of 28
EXHIBIT B
General Partners of
Integral Capital Management, L.P.
Set forth below, with respect to each general partner of
Integral Capital Management, L.P., is the following: (a) name; (b) business
address; (c) principal occupation; and (d) citizenship.
1. (a) Roger B. McNamee
(b) c/o Integral Capital Partners
2750 Sand Hill Road,
Menlo Park, CA 94025
(c) General Partner of Integral Capital Management, L.P., Integral
Capital Management II, L.P. and Integral Capital Management
III, L.P.
(d) United States Citizen
2. (a) John A. Powell
(b) c/o Integral Capital Partners
2750 Sand Hill Road,
Menlo Park, CA 94025
(c) General Partner of Integral Capital Management, L.P., Integral
Capital Management II, L.P. and Integral Capital Management
III, L.P.
(d) United States Citizen
<PAGE>
Page 27 of 28
General Partners of
Integral Capital Management II, L.P.
Set forth below, with respect to each general partner of
Integral Capital Management II, L.P., is the following: (a) name; (b) business
address; (c) principal occupation; and (d) citizenship.
1. (a) Roger B. McNamee
(b) c/o Integral Capital Partners
2750 Sand Hill Road,
Menlo Park, CA 94025
(c) General Partner of Integral Capital Management, L.P., Integral
Capital Management II, L.P. and Integral Capital Management
III, L.P.
(d) United States Citizen
2. (a) John A. Powell
(b) c/o Integral Capital Partners
2750 Sand Hill Road,
Menlo Park, CA 94025
(c) General Partner of Integral Capital Management, L.P., Integral
Capital Management II, L.P. and Integral Capital Management
III, L.P.
(d) United States Citizen
3. (a) Pamela K. Hagenah
(b) c/o Integral Capital Partners
2750 Sand Hill Road,
Menlo Park, CA 94025
(c) General Partner of Integral Capital Management II, L.P. and
Integral Capital Management III, L.P.
(d) United States Citizen
<PAGE>
Page 28 of 28
General Partners of
Integral Capital Management III, L.P.
Set forth below, with respect to each general partner of
Integral Capital Management III, L.P., is the following: (a) name; (b) business
address; (c) principal occupation; and (d) citizenship.
1. (a) Roger B. McNamee
(b) c/o Integral Capital Partners
2750 Sand Hill Road,
Menlo Park, CA 94025
(c) General Partner of Integral Capital Management, L.P., Integral
Capital Management II, L.P. and Integral Capital Management
III, L.P.
(d) United States Citizen
2. (a) John A. Powell
(b) c/o Integral Capital Partners
2750 Sand Hill Road,
Menlo Park, CA 94025
(c) General Partner of Integral Capital Management, L.P., Integral
Capital Management II, L.P. and Integral Capital Management
III, L.P.
(d) United States Citizen
3. (a) Pamela K. Hagenah
(b) c/o Integral Capital Partners
2750 Sand Hill Road,
Menlo Park, CA 94025
(c) General Partner of Integral Capital Management II, L.P. and
Integral Capital Management III, L.P.
(d) United States Citizen
