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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. 2)*
PEERLESS SYSTEMS CORPORATION
- --------------------------------------------------------------------------------
(Name of Issuer)
COMMON STOCK, $.001 PAR VALUE
- --------------------------------------------------------------------------------
(Title of Class of Securities)
7055361
- --------------------------------------------------------------------------------
(CUSIP Number)
DECEMBER 31, 1998
- --------------------------------------------------------------------------------
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
/ / Rule 13d-1(b)
/ / Rule 13d-1(c)
/x/ Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class
of securities, and for any subsequent amendment containing information
which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not
be deemed to be "filed" for the purpose of Section 18 of the Securities
Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of
that section of the Act but shall be subject to all other provisions of
the Act (however, see the Notes).
Page 1 of 15 pages
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CUSIP NO. 7055361 13G Page 2 of 15 Pages
- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
ABF Partners II, L.P.
04-3024534
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) / /
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware limited partnership
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
- 0- shares
NUMBER OF -----------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY - 0- shares
-----------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON - 0- shares
-----------------------------------------------------
WITH: 8 SHARED DISPOSITIVE POWER
- 0- shares
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
- 0 - shares
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS) / /
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN
- --------------------------------------------------------------------------------
Page 2 of 15 pages
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CUSIP NO. 7055361 13G Page 3 of 15 Pages
- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Battery Ventures II, L.P.
04-3024533
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) / /
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware limited partnership
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
- 0 - shares
NUMBER OF
-----------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY - 0 - shares
-----------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON - 0 - shares
-----------------------------------------------------
WITH: 8 SHARED DISPOSITIVE POWER
- 0 - shares
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
- 0 - shares
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS) / /
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN
- --------------------------------------------------------------------------------
Page 3 of 15 pages
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CUSIP NO. 7055361 13G Page 4 of 15 Pages
- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
ABF Management Corp.
04-2788379
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) / /
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Massachusetts corporation
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
- 0 - shares
NUMBER OF -----------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 17,218 shares
-----------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON - 0 - shares
-----------------------------------------------------
WITH: 8 SHARED DISPOSITIVE POWER
17,218 shares
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
17,218 shares
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS) / /
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.16%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO
- --------------------------------------------------------------------------------
Page 4 of 15 pages
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CUSIP NO. 7055361 13G Page 5 of 15 Pages
- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Robert G. Barrett
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) / /
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
103,693 shares
NUMBER OF -----------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 17,218 shares
-----------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 103,693 shares
-----------------------------------------------------
WITH: 8 SHARED DISPOSITIVE POWER
17,218 shares
-----------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
120,911 shares
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS) / /
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
1.10%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
- --------------------------------------------------------------------------------
Page 5 of 15 pages
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CUSIP NO. 7055361 13G Page 6 of 15 Pages
- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Oliver D. Curme
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) / /
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
- 0 - shares
NUMBER OF -----------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY - 0 - shares
-----------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON - 0 - shares
-----------------------------------------------------
WITH: 8 SHARED DISPOSITIVE POWER
- 0 - shares
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
- 0 - shares
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS) / /
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
- --------------------------------------------------------------------------------
Page 6 of 15 pages
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CUSIP NO. 7055361 13G Page 7 of 15 Pages
- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Richard D. Frisbie
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) / /
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
69,559 shares
NUMBER OF
-----------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 17,218 shares
-----------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 69,559 shares
-----------------------------------------------------
WITH: 8 SHARED DISPOSITIVE POWER
17,218 shares
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
86,777 shares
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS) / /
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.79%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
- --------------------------------------------------------------------------------
Page 7 of 15 pages
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CUSIP NO. 7055361 13G Page 8 of 15 Pages
- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Howard Anderson
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) / /
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
- 0 - shares
NUMBER OF -----------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 17,218 shares
-----------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON - 0 - shares
-----------------------------------------------------
WITH: 8 SHARED DISPOSITIVE POWER
17,218 shares
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
17,218 shares
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS) / /
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.16%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
- --------------------------------------------------------------------------------
Page 8 of 15 pages
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CUSIP NO. 7055361 13G Page 9 of 15 Pages
- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Thomas J. Crotty
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) / /
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
1,000 shares
NUMBER OF -----------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY - 0 - shares
-----------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON -1,000 shares
-----------------------------------------------------
WITH: 8 SHARED DISPOSITIVE POWER
- 0 - shares
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,000 shares
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS) / /
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.01%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
- --------------------------------------------------------------------------------
Page 9 of 15 pages
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ITEM 1 (A). NAME OF ISSUER:
Peerless Systems Corporation
ITEM 1 (B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
2381 Rosecrans Avenue, El Segundo, CA 90245
ITEM 2 (A). NAME OF PERSON FILING:
Battery Ventures II, L.P. ("Battery"), ABF Partners II, L.P.
("ABF"), ABF Management Corp., Howard Anderson ("Anderson"),
Richard D. Frisbie ("Frisbie"), Robert G. Barrett ("Barrett"),
Oliver D. Curme ("Curme") and Thomas J. Crotty ("Crotty").
Anderson, Frisbie, Barrett, Curme and Crotty are the general
partners of ABF, the sole general partner of Battery.
Anderson, Barrett and Frisbie are the shareholders of ABF
Management Corp.
ITEM 2 (B). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
The address of the principal business office of each of
Battery, ABF, ABF Management Corp., Anderson, Frisbie,
Barrett, Curme and Crotty is c/o Battery Ventures, 20 William
Street, Wellesley, MA 02481.
ITEM 2 (C). CITIZENSHIP:
Messrs. Barrett, Curme, Frisbie, Anderson and Crotty are
United States citizens. Battery and ABF are limited
partnerships organized under the laws of the State of
Delaware. ABF Management Corp. is a corporation incorporated
under the laws of Massachusetts.
ITEM 2 (D). TITLE OF CLASS OF SECURITIES:
Common Stock, $.001 par value
ITEM 2 (E). CUSIP NUMBER
7055361
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SECTION 240.13d- 1(b)
OR 240.13D-2(b) OR (c), 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.
(d) [ ] Investment Company registered under Section 8 of the
Investment Company Act of 1940.
(e) [ ] Investment Adviser in accordance with Section
240.13d-1(b)(1)(ii)(E).
Page 10 of 15 pages
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(f) [ ] An employee benefit plan or endowment fund in
accordance with Section 240.13d-1(b)(1)(ii)(F).
(g) [ ] A Parent Holding Company, in accordance with
Section 240.13d-1(b)(1)(ii)(G).
(h) [ ] A savings association as defined in Section 3(b) of
the Federal Deposit Insurance Act.
(i) [ ] A church plan that is excluded from the definition of
an investment company under section 3(c)(14) of the
Investment Company Act of 1940.
(j) [ ] Group, in accordance with Section 240.13d-1(b)(1)
(ii)(J).
Not Applicable
ITEM 4. OWNERSHIP:
(a) Amount Beneficially Owned:
Battery owns beneficially and of record 0 shares of
Common Stock of Peerless Systems Corporation as of
December 31, 1998. ABF Management Corp. owns
beneficially and of record 17,218 shares of Common
Stock of Peerless Systems Corporation as of December
31, 1998. Barrett, Frisbie and Anderson are
shareholders of ABF Management Corp., and each
therefore may be deemed to own beneficially the
17,218 shares held by ABF Management Corp. as of
December 31, 1998. In addition to the shares held by
ABF Management Corp., Barrett owns beneficially
103,693, Frisbie owns beneficially 69,559 and Crotty
owns beneficially 1,000 shares of Peerless Systems
Corporation. Each of Barrett, Frisbie and Anderson
disclaims beneficial ownership of the shares held of
record by ABF Management Corp.
(b) Percent of Class:
Barrett owns beneficially 1.10% of the Common Stock
of Peerless Systems Corporation. Frisbie owns
beneficially 0.79% of the Common Stock of Peerless
Systems Corporation. Crotty owns beneficially 0.01%
of the Common Stock of Peerless Systems Corporation.
Each of ABF Management Corp. and Anderson owns
beneficially 0.16% of the Common Stock of Peerless
Systems Corporation. The percentages are based on the
11,037,314 shares of Common Stock reported to be
outstanding on October 31, 1998 in the Peerless
Systems Corporation Quarterly Report on Form 10-Q for
the quarter ended October 31, 1998.
(c) Number of Shares as to which such person has:
(i) sole power to vote or direct the vote:
Battery: 0; ABF: 0; ABF Management Corp.: 0;
Barrett: 103,693; Curme: 0; Frisbie: 69,559;
Anderson: 0 and Crotty: 1,000.
(ii) shared power to vote or to direct the vote:
Battery: 0;
Page 11 of 15 pages
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ABF : 0; ABF Management Corp.: 17,218;
Barrett: 17,218; Curme: 0; Frisbie: 17,218;
Anderson: 17,218 and Crotty: 0.
(iii) sole power to dispose or to direct the
disposition of: Battery: 0; ABF: 0; ABF
Management Corp.: 0; Barrett: 103,693;
Curme: 0; Frisbie: 69,559; Anderson: 0 and
Crotty: 1,000.
(iv) shared power to dispose or to direct the
disposition of: Battery: 0; ABF: 0; ABF
Management Corp.: 17,218; Barrett: 17,218;
Curme: 0; Frisbie: 17,218; Anderson: 17,218
and Crotty: 0.
ITEM (5). OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
This statement is being filed to report the fact that as of
the date hereof the reporting persons have ceased to be the
beneficial owner of more than five percent of the common
stock.
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 COMPANY:
NOT APPLICABLE.
ITEM (8). IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:
NOT APPLICABLE.
ITEM (9). NOTICE OF DISSOLUTION OF GROUP:
NOT APPLICABLE.
ITEM (10). CERTIFICATION:
NOT APPLICABLE.
Not filed pursuant to Rule 13d-1(b) or (c).
Page 12 of 15 pages
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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 12, 1999 BATTERY VENTURES II, L.P.
By: ABF PARTNERS II, L.P.
By: /s/ Richard D. Frisbie
------------------------------------
General Partner
ABF PARTNERS II, L.P.
By: /s/ Richard D. Frisbie
------------------------------------
General Partner
ABF Management Corp.
By: /s/ Richard D. Frisbie
------------------------------------
Name: Richard Frisbie
Title: President
*
---------------------------------------
Robert G. Barrett
*
---------------------------------------
Oliver D. Curme
/s/ Richard D. Frisbie
---------------------------------------
Richard D. Frisbie
*
---------------------------------------
Howard Anderson
*
---------------------------------------
Thomas J. Crotty
*By: /s/ Richard D. Frisbie
-------------------------------
Name: Richard D. Frisbie
------------------------------
Attorney-in-Fact
- --------------------------------------------------------------------------------
This Schedule 13G was executed by Richard D. Frisbie or Oliver D. Curme
pursuant to Powers of Attorney which are incorporated herein by reference and
copies of which are attached hereto as Exhibit II.
Page 13 of 15 pages
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EXHIBIT I
---------
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 on Schedule 13G need be filed with respect to ownership by each of the
undersigned of shares of Common Stock of Peerless Systems Corporation.
This Agreement may be executed in any number of counterparts, each of
which shall be deemed an original.
Dated: February 12, 1999 BATTERY VENTURES II, L.P.
By: ABF PARTNERS II, L.P.
By: /s/ Richard D. Frisbie
------------------------------------
General Partner
ABF PARTNERS II, L.P.
By: /s/ Richard D. Frisbie
------------------------------------
General Partner
ABF Management Corp.
By: /s/ Richard D. Frisbie
------------------------------------
Name: Richard Frisbie
Title: President
*
---------------------------------------
Robert G. Barrett
*
---------------------------------------
Oliver D. Curme
/s/ Richard D. Frisbie
---------------------------------------
Richard D. Frisbie
*
---------------------------------------
Howard Anderson
*
---------------------------------------
Thomas J. Crotty
*By: /s/ Richard D. Frisbie
-------------------------------
Name: Richard D. Frisbie
------------------------------
Attorney-in-Fact
- --------------------------------------------------------------------------------
This Agreement was executed by Richard D. Frisbie or Oliver D. Curme
pursuant to Powers of Attorney which are incorporated herein by reference and
copies of which are attached hereto as Exhibit II.
Page 14 of 15 pages
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EXHIBIT II
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that each person whose signature
appears below hereby constitutes and appoints Oliver D. Curme and Richard D.
Frisbie, and each of them, with full power to act without the other, his true
and lawful attorney-in-fact, with full power of substitution, to sign any and
all instruments, certificates and document that may be necessary, desirable or
appropriate to be executed in his capacity as a general partner of ABF Partners,
L.P., ABF Partners II, L.P., and Battery Partners III, L.P., or in his capacity
as a member manager of Battery Partners IV, LLC, with respect to securities held
by such signatory as a result of his relationship with any of the foregoing
entities or with Battery Ventures, L.P., Battery Ventures II, L.P., Battery
Ventures III, L.P. or Battery Ventures IV, L.P., pursuant to Section 13 or 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, Inc., granting unto said attorneys-in-fact full power and
authority to do and perform each and every act and thing necessary, desirable or
appropriate, fully to all intents and purposes as he might or could do in
person, thereby ratifying and confirming all that said attorneys-in-fact, or
their substitutes, may lawfully do or cause to be done by virtue hereof.
IN WITNESS WHEREOF, this Power of Attorney has been signed as of the
14th day of February, 1997.
/s/ Richard D. Frisbie
---------------------------------------
Richard D. Frisbie
/s/ Robert G. Barrett
---------------------------------------
Robert G. Barrett
/s/ Howard Anderson
---------------------------------------
Howard Anderson
/s/ Oliver D. Curme
---------------------------------------
Oliver D. Curme
/s/ Thomas J. Crotty
---------------------------------------
Thomas J. Crotty
/s/ Kenneth P. Lawler
---------------------------------------
Kenneth P. Lawler
/s/ Todd A. Dagres
---------------------------------------
Todd A. Dagres
Page 15 of 15 pages
