<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. ___ )*
SQL Financials International, Inc.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
- --------------------------------------------------------------------------------
(Title of Class of Securities)
784638 10 8
-------------------------------------------
(CUSIP Number)
June 17, 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)
[X] Rule 13d-1(c)
[_] 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>
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CUSIP NO. 784638 10 8 SCHEDULE 13G PAGE 2 OF 22 PAGES
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- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON Technology Crossover Ventures, L.P.
1 See Item 2 for identification of General Partner
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Delaware
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 647,674(A)
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
0(A)
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 647,674(A)
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
0(A)
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
647,674(A)
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[X]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
7.1%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
PN
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS
(A) Excludes an aggregate of 197,791 shares owned beneficially by the other
reporting persons indicated in this Schedule 13G, as to which this
reporting person disclaims beneficial ownership. Includes warrants which
can be immediately exercised for a total of 8,914 shares of Common
Stock.
<PAGE>
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CUSIP NO. 784638 10 8 SCHEDULE 13G PAGE 3 OF 22 PAGES
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- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON Technology Crossover Ventures, C.V.
1 See Item 2 for a list of General Partners
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Netherlands Antilles
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 51,291(A)
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
0(A)
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 51,291(A)
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
0(A)
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
51,291(A)
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[X]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
0.6%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
PN
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS
(A) Excludes an aggregate of 794,174 shares owned beneficially by the other
reporting persons indicated in this Schedule 13G, as to which this
reporting person disclaims beneficial ownership. Includes warrants which
can be immediately exercised for a total of 706 shares of Common
Stock.
<PAGE>
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CUSIP NO. 784638 10 8 SCHEDULE 13G PAGE 4 OF 22 PAGES
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- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON Technology Crossover Management, L.L.C.
1 See Item 2 for list of Managing Members
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Delaware
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 698,965(A)
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
0(A)
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 698,965(A)
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
0(A)
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
698,965(A)
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[X]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
7.7%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
OO
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS
(A) Excludes an aggregate of 146,500 shares owned beneficially by the other
reporting persons indicated in this Schedule 13G, as to which this
reporting person disclaims beneficial ownership. Includes warrants which
can be immediately exercised for a total of 9,620 shares of Common
Stock.
<PAGE>
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CUSIP NO. 784638 10 8 SCHEDULE 13G PAGE 5 OF 22 PAGES
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- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON Technology Crossover Ventures II, L.P.
1 See Item 2 for identification of General Partner
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Delaware
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 70,082(A)
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
0(A)
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 70,082(A)
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
0(A)
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
70,082(A)
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[X]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
0.8%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
PN
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS
(A) Excludes an aggregate of 775,383 shares owned beneficially by the other
reporting persons indicated in this Schedule 13G, as to which this
reporting person disclaims beneficial ownership.
<PAGE>
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CUSIP NO. 784638 10 8 SCHEDULE 13G PAGE 6 OF 22 PAGES
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- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON TCV II (Q), L.P.
1 See Item 2 for identification of General Partner
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Delaware
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 53,880(A)
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
0(A)
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 53,880(A)
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
0(A)
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
53,880(A)
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[X]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
0.6%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
PN
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS
(A) Excludes an aggregate of 791,585 shares owned beneficially by the other
reporting persons indicated in this Schedule 13G, as to which this
reporting person disclaims beneficial ownership.
<PAGE>
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CUSIP NO. 784638 10 8 SCHEDULE 13G PAGE 7 OF 22 PAGES
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NAME OF REPORTING PERSON TCV II Strategic Partners, L.P.
1 See Item 2 for identification of General Partner
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Delaware
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 9,562(A)
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
0(A)
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 9,562(A)
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
0(A)
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
9,562(A)
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[X]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
0.1%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
PN
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS
(A) Excludes an aggregate of 835,903 shares owned beneficially by the other
reporting persons indicated in this Schedule 13G, as to which this
reporting person disclaims beneficial ownership.
<PAGE>
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CUSIP NO. 784638 10 8 SCHEDULE 13G PAGE 8 OF 22 PAGES
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NAME OF REPORTING PERSON Technology Crossover Ventures II, C.V.
1 See Item 2 for a list of General Partners
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Netherlands Antilles
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 10,700(A)
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
0(A)
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 10,700(A)
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
0(A)
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
10,700(A)
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[X]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
0.1%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
PN
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS
(A) Excludes an aggregate of 834,765 shares owned beneficially by the other
reporting persons indicated in this Schedule 13G, as to which this
reporting person disclaims beneficial ownership.
<PAGE>
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CUSIP NO. 784638 10 8 SCHEDULE 13G PAGE 9 OF 22 PAGES
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NAME OF REPORTING PERSON TCV II, V.O.F.
1 See Item 2 for a list of Managing General Partners
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Netherlands Antilles
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 2,276(A)
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
0(A)
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 2,276(A)
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
0(A)
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
2,276(A)
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[X]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
less than 0.1%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
PN
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS
(A) Excludes an aggregate of 843,189 shares owned beneficially by the other
reporting persons indicated in this Schedule 13G, as to which this
reporting person disclaims beneficial ownership.
<PAGE>
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CUSIP NO. 784638 10 8 SCHEDULE 13G PAGE 10 OF 22 PAGES
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- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON Technology Crossover Management II, L.L.C.
1 See Item 2 for a list of Managing Members
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Delaware
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 146,500(A)
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
0(A)
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 146,500(A)
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
0(A)
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
146,500(A)
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[X]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
1.6%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
OO
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS
(A) Excludes an aggregate of 698,965 shares owned beneficially by the other
reporting persons indicated in this Schedule 13G, as to which this
reporting person disclaims beneficial ownership.
<PAGE>
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CUSIP NO. 784638 10 8 SCHEDULE 13G PAGE 11 OF 22 PAGES
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- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON Jay C. Hoag
1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
U.S. Citizen
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 0(A)
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
845,465(A)
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 845,465(A)
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
0(A)
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
845,465(A)
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
9.3%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
IN
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS
(A) Includes warrants which can be immediately exercised for a total of
9,620 shares of Common Stock.
<PAGE>
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CUSIP NO. 784638 10 8 SCHEDULE 13G PAGE 12 OF 22 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON Richard H. Kimball
1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
U.S. Citizen
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 0(A)
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
845,465(A)
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 845,465(A)
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
0(A)
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
845,465(A)
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
9.3%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
IN
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS
(A) Includes warrants which can be immediately exercised for a total of
9,620 shares of Common Stock.
<PAGE>
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CUSIP NO. 784638 10 8 SCHEDULE 13G PAGE 13 OF 22 PAGES
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Item 1.
(a) NAME OF ISSUER: SQL Financials International, Inc.
(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 3950 Johns Creek
Court, Suite 100, Suwanee, Georgia 30024.
Item 2.
Set forth below is the following information with respect to each of the
persons filing this Schedule 13G (together, the "Filing Persons") and, in
addition, each of such person's managing partners or managing members, as the
case may be, and, if applicable, the persons controlling such managing partners
or managing members (such additional persons, together with the Filing Persons,
the "Item 2 Persons"): (a) name; (b) address of principal offices (if entity) or
residence or business address (if individual); (c) citizenship (if individual)
or jurisdiction of organization (if entity); (d) title of class of securities
and (e) CUSIP number.
I.
(a) Technology Crossover Ventures, L.P., a Delaware limited partnership
("TCV I, L.P."). The General Partner of TCV I, L.P. is Technology
Crossover Management, L.L.C., a Delaware limited liability company
("TCM I"). The sole Managing Members of TCM I are Jay C. Hoag
("Hoag") and Richard H. Kimball ("Kimball").
(b) 575 High Street, Suite 400, Palo Alto, CA 94301
(c) Delaware
(d) Common Stock
(e) 784638 10 8
II.
(a) Technology Crossover Ventures, C.V., a Netherlands Antilles limited
partnership ("TCV I, C.V."). The General Partners of TCV I, C.V. are
TCM I and Technology Crossover Administrator, N.V., a Netherlands
Antilles corporation ("TCA I"). TCA I is ultimately controlled by Hoag
and Kimball.
(b) Pietermaai 15, Willemstad, Curacao, Netherlands Antilles
(c) Netherlands Antilles
(d) Common Stock
(e) 784638 10 8
III.
(a) Technology Crossover Management, L.L.C., a Delaware limited liability
company.
(b) 575 High Street, Suite 400, Palo Alto, CA 94301
(c) Delaware
(d) Common Stock
(e) 784638 10 8
IV.
(a) Technology Crossover Administrator, N.V., a Netherlands Antilles
corporation.
(b) Pietermaai 15, Willemstad, Curacao, Netherlands Antilles
(c) Netherlands Antilles
(d) Common Stock
(e) 784638 10 8
<PAGE>
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CUSIP NO. 784638 10 8 SCHEDULE 13G PAGE 14 OF 22 PAGES
- ----------------------- ---------------------
V.
(a) Technology Crossover Ventures II, L.P., a Delaware limited partnership
("TCV II, L.P."). The General Partner of TCV II, L.P. is Technology
Crossover Management II, L.L.C., a Delaware limited liability company
("TCM II"). The sole Managing Members of TCM II are Hoag and Kimball.
(b) 575 High Street, Suite 400, Palo Alto, CA 94301
(c) Delaware
(d) Common Stock
(e) 784638 10 8
VI.
(a) TCV II (Q), L.P., a Delaware limited partnership ("TCV II (Q)"). The
General Partner of TCV II (Q) is TCM II.
(b) 575 High Street, Suite 400, Palo Alto, CA 94301
(c) Delaware
(d) Common Stock
(e) 784638 10 8
VII.
(a) TCV II Strategic Partners, L.P., a Delaware limited partnership ("TCV
II Strategic Partners"). The General Partner of TCV II Strategic
Partners is TCM II.
(b) 575 High Street, Suite 400, Palo Alto, CA 94301
(c) Delaware
(d) Common Stock
(e) 784638 10 8
VIII.
(a) Technology Crossover Ventures II, C.V., a Netherlands Antilles limited
partnership ("TCV II, C.V."). The General Partners of TCV II, C.V. are
TCM II and Technology Crossover Administrator II, N.V., a Netherlands
Antilles corporation ("TCA II"). TCA II is ultimately controlled by
Hoag and Kimball.
(b) Pietermaai 15, Willemstad, Curacao, Netherlands Antilles
(c) Netherlands Antilles
(d) Common Stock
(e) 784638 10 8
IX.
(a) TCV II, V.O.F., a Netherlands Antilles general partnership ("TCV II,
V.O.F."). The Managing General Partners of TCV II, V.O.F. are TCM II
and TCA II.
(b) Pietermaai 15, Willemstad, Curacao, Netherlands Antilles
(c) Netherlands Antilles
(d) Common Stock
(e) 784638 10 8
X.
(a) Technology Crossover Management II, L.L.C., a Delaware limited
liability company.
(b) 575 High Street, Suite 400, Palo Alto, CA 94301
(c) Delaware
(d) Common Stock
(e) 784638 10 8
<PAGE>
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CUSIP NO. 784638 10 8 SCHEDULE 13G PAGE 15 OF 22 PAGES
- ----------------------- ---------------------
XI.
(a) Technology Crossover Administrator II, N.V., a Netherlands Antilles
corporation.
(b) Pietermaai 15, Willemstad, Curacao, Netherlands Antilles
(c) Netherlands Antilles
(d) Common Stock
(e) 784638 10 8
XII.
(a) Jay C. Hoag
(b) 575 High Street, Suite 400, Palo Alto, CA 94301
(c) U.S. citizen
(d) Common Stock
(e) 784638 10 8
XIII.
(a) Richard H. Kimball
(b) 575 High Street, Suite 400, Palo Alto, CA 94301
(c) U.S. citizen
(d) Common Stock
(e) 784638 10 8
Item 3.
Not Applicable
<PAGE>
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CUSIP NO. 784638 10 8 SCHEDULE 13G PAGE 16 OF 22 PAGES
- ----------------------- ---------------------
Item 4.
(a), (b) and (c) Except to the extent otherwise expressly stated herein, this
Schedule 13G shall not be construed as an admission that any Item 2 Person is,
either for purposes of Section 13(d) or 13(g) of the Act or for other purposes,
the beneficial owner of any Common Stock disclosed in this Schedule 13G. The
aggregate number and percentage of the class of securities identified pursuant
to Item 1 of this Schedule 13G that, pursuant to Rule 13d-3, may be deemed to be
beneficially owned by each Item 2 Person are as follows:
<TABLE>
<CAPTION>
Common Stock Dispositive
Item 2 Person Beneficially Owned % of Class(1) Voting Power Power
- -------------------------------- ------------------- ---------------- ------------ -----------
<S> <C> <C> <C> <C>
TCV I, L.P. (2) 647,674 7.1% sole sole
TCV I, C.V. (2) 51,291 0.6% sole sole
TCM I 698,965 7.7% sole sole
TCA I 0 0% N/A N/A
TCV II, L.P. (3) 70,082 0.8% sole sole
TCV II (Q) (3) 53,880 0.6% sole sole
TCV II Strategic Partners (3) 9,562 0.1% sole sole
TCV II, C.V. (3) 10,700 0.1% sole sole
TCV II, V.O.F.(3) 2,276 less than 0.1% sole sole
TCM II 146,500 1.6% sole sole
TCA II 0 0% N/A N/A
Hoag (4) 845,465 9.3% shared sole
Kimball (4) 845,465 9.3% shared sole
</TABLE>
____________________________________
(1) All percentages in this table are based, pursuant to Rule 13d-1(j) of the
Securities Exchange Act of 1934, on the 9,059,425 shares of Common Stock of
the Company outstanding as of May 18, 1998, as reported in the amendment to
the Company's Registration Statement on Form S-1, and on the warrants
exercisable for shares of Common Stock of the Company beneficially owned by
the listed Item 2 Persons which have been included on an as-converted to
Common Stock basis.
(2) Each noted entity (together, the "TCV I Funds") is the holder of record of
the securities set forth opposite the name of such entity and has sole
voting and investment power with respect to such securities. TCM I, as sole
General Partner of TCV I, L.P. and as Investment General Partner of TCV I,
C.V., may also be deemed to have sole voting and investment power with
respect to such securities. TCM I disclaims beneficial ownership of such
securities except to the extent of its pecuniary interest therein.
(3) Each noted entity (together, the "TCV II Funds") is the holder of record of
the securities set forth opposite the name of such entity and has sole
voting and investment power with respect to such securities. TCM II, as
sole General Partner
<PAGE>
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CUSIP NO. 784638 10 8 SCHEDULE 13G PAGE 17 OF 22 PAGES
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of TCV II, L.P., TCV II (Q) and TCV II Strategic Partners and as Investment
General Partner of TCV II, C.V. and TCV II, V.O.F., may also be deemed to
have sole voting and investment power with respect to such securities. TCM
II disclaims beneficial ownership of such securities except to the extent
of its pecuniary interest therein.
(4) Under the operating agreements of both TCM I and TCM II, Hoag and Kimball
have the independent power to cause the funds managed by such entities to
buy and sell securities of publicly traded portfolio companies, however, in
general, they must act by unanimous consent with respect to all other
matters, including directing the voting of such securities. As a result,
Hoag and Kimball may also be deemed to have sole dispositive power and
shared voting power with respect to the securities held by the TCV I Funds
and the TCV II Funds. Hoag and Kimball disclaim beneficial ownership of
such securities except to the extent of their respective pecuniary
interests therein.
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.
Item 9. NOTICE OF DISSOLUTION OF GROUP
Not Applicable.
Item 10. CERTIFICATION
By signing below I certify that, to the best of my knowledge and belief, the
securities referred to above were not acquired and are not held for the purpose
of or with the effect of changing or influencing the control of the issuer of
the securities and were not acquired and are not held in connection with or as a
participant in any transaction having that purpose or effect.
MATERIAL TO BE FILED AS EXHIBITS.
--------------------------------
The following exhibit was filed as Exhibit A to the Schedule 13D relating to
the Common Stock of Digital Generation Systems, Inc. filed by the undersigned
with the Securities and Exchange Commission on September 5, 1997 (the "September
5, 1997 DGIT 13D") and is hereby incorporated herein by reference, except as
updated by Exhibit B hereto:
A - Statement Appointing Designated Filer and Authorized Signer dated
September 5, 1997
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CUSIP NO. 784638 10 8 SCHEDULE 13G PAGE 18 OF 22 PAGES
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The following exhibit is attached hereto:
B - Update to Exhibit A to the September 5, 1997 DGIT 13D
<PAGE>
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CUSIP NO. 784638 10 8 SCHEDULE 13G PAGE 19 OF 22 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 June 26, 1998
TECHNOLOGY CROSSOVER VENTURES, L.P.,
a Delaware Limited Partnership
By: /s/ Robert C. Bensky
------------------------------------------
Robert C. Bensky, Authorized Signatory
TECHNOLOGY CROSSOVER VENTURES, C.V.,
a Netherlands Antilles Limited Partnership
By: /s/ Robert C. Bensky
------------------------------------------
Robert C. Bensky, Authorized Signatory
TECHNOLOGY CROSSOVER MANAGEMENT, L.L.C.,
a Delaware Limited Liability Company
By: /s/ Robert C. Bensky
------------------------------------------
Robert C. Bensky, Authorized Signatory
TECHNOLOGY CROSSOVER VENTURES II, L.P.,
a Delaware Limited Partnership
By: /s/ Robert C. Bensky
------------------------------------------
Robert C. Bensky, Authorized Signatory
TCV II (Q), L.P.,
a Delaware Limited Partnership
By: /s/ Robert C. Bensky
------------------------------------------
Robert C. Bensky, Authorized Signatory
TCV II STRATEGIC PARTNERS, L.P.,
a Delaware Limited Partnership
By: /s/ Robert C. Bensky
------------------------------------------
Robert C. Bensky, Authorized Signatory
TECHNOLOGY CROSSOVER VENTURES II, C.V.,
a Netherlands Antilles Limited Partnership
By: /s/ Robert C. Bensky
------------------------------------------
Robert C. Bensky, Authorized Signatory
<PAGE>
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CUSIP NO. 784638 10 8 SCHEDULE 13G PAGE 20 OF 22 PAGES
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TCV II, V.O.F.,
a Netherlands Antilles General Partnership
By: /s/ Robert C. Bensky
------------------------------------------
Robert C. Bensky, Authorized Signatory
TECHNOLOGY CROSSOVER MANAGEMENT II, L.L.C.,
a Delaware Limited Liability Company
By: /s/ Robert C. Bensky
------------------------------------------
Robert C. Bensky, Authorized Signatory
Jay C. Hoag
By: /s/ Robert C. Bensky
------------------------------------------
Robert C. Bensky, Authorized Signatory
Richard H. Kimball
By: /s/ Robert C. Bensky
------------------------------------------
Robert C. Bensky, Authorized Signatory
<PAGE>
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CUSIP NO. 784638 10 8 SCHEDULE 13G PAGE 21 OF 22 PAGES
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EXHIBIT B
<TABLE>
<CAPTION>
Column I
Column II Persons/Entities on Whose Behalf
Publicly Traded Company Designated Filer the Designated Filer May Act
- ------------------------------------ ---------------------- ------------------------------------------
<S> <C> <C>
MemberWorks Incorporated Technology Crossover Technology Crossover Management, L.L.C.
Management II, L.L.C. Technology Crossover Ventures, L.P.
Technology Crossover Ventures, C.V.
Technology Crossover Management II, L.L.C.
Technology Crossover Ventures II, L.P.
TCV II (Q), L.P.
TCV II Strategic Partners, L.P.
Technology Crossover Ventures II, C.V.
TCV II, V.O.F.
Robert C. Bensky
Jay C. Hoag
Richard H. Kimball
Andrew B. Sessions
Marc S. Tesler
Claremont Technology Group, Inc. Technology Crossover Technology Crossover Management, L.L.C.
Management II, L.L.C. Technology Crossover Ventures, L.P.
Technology Crossover Ventures, C.V.
Technology Crossover Management II, L.L.C.
Technology Crossover Ventures II, L.P.
TCV II (Q), L.P.
TCV II Strategic Partners, L.P.
Technology Crossover Ventures II, C.V.
TCV II, V.O.F.
Robert C. Bensky
Jay C. Hoag
Richard H. Kimball
Andrew B. Sessions
Marc S. Tesler
Digital Generation Systems, Inc. Technology Crossover Technology Crossover Management, L.L.C.
Management II, L.L.C. Technology Crossover Ventures, L.P.
Technology Crossover Ventures, C.V.
Technology Crossover Management II, L.L.C.
Technology Crossover Ventures II, L.P.
TCV II (Q), L.P.
TCV II Strategic Partners, L.P.
Technology Crossover Ventures II, C.V.
TCV II, V.O.F.
Robert C. Bensky
Jay C. Hoag
Richard H. Kimball
Andrew B. Sessions
Marc S. Tesler
</TABLE>
<PAGE>
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CUSIP NO. 784638 10 8 SCHEDULE 13G PAGE 22 OF 22 PAGES
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<TABLE>
<CAPTION>
Column I Column II Persons/Entitles on Whose Behalf
- -------- --------- --------------------------------
Publicly Traded Company Designated Filer the Designated Filer May Act
- ----------------------- ---------------- ----------------------------
<S> <C> <C>
SQL Financials International, Inc. Technology Crossover Technology Crossover Management, L.L.C.
Management II, L.L.C. Technology Crossover Ventures, L.P.
Technology Crossover Ventures, C.V.
Technology Crossover Management II, L.L.C.
Technology Crossover Ventures II, L.P.
TCV II (Q), L.P.
TCV II Strategic Partners, L.P.
Technology Crossover Ventures II, C.V.
TCV II, V.O.F.
Robert C. Bensky
Jay C. Hoag
Richard H. Kimball
Andrew B. Sessions
Marc S. Tesler
</TABLE>
