<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1 (b),
(c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2 (b)
(Amendment No. 2 )*
Clarus Corporation (formerly known as SQL Financials International, Inc.)
------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
------------------------------------------------------------------------------
(Title of Class of Securities)
784638108
------------------------------------------------------------------------------
(CUSIP Number)
December 31, 1999
------------------------------------------------------------------------------
(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
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 21 Pages
<PAGE> 2
CUSIP NO. 784638108 13 G Page 2 of 21 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
TECHNOLOGY CROSSOVER VENTURES, L.P.
See Item 2 for identification of General Partners
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Tax ID Number:
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ] (b) [X]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF 0
SHARES -------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY EACH 0
REPORTING -------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH 0
-------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 0
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES [ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.0%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
PN
- --------------------------------------------------------------------------------
<PAGE> 3
CUSIP NO. 784638108 13 G Page 3 of 21 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
TECHNOLOGY CROSSOVER VENTURES, C.V.
See Item 2 for identification of General Partners
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Tax ID Number:
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ] (b) [X]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Netherlands Antilles
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF 0
SHARES -------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY EACH 0
REPORTING -------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH 0
-------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 0
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES [ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.0%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
PN
- --------------------------------------------------------------------------------
<PAGE> 4
CUSIP NO. 784638108 13 G Page 3 of 21 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
TECHNOLOGY CROSSOVER VENTURES, C.V.
See Item 2 for identification of General Partners
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Tax ID Number:
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ] (b) [X]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Netherlands Antilles
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF 0
SHARES -------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY EACH 0
REPORTING -------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH 0
-------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 0
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES [ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.0%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
PN
- --------------------------------------------------------------------------------
<PAGE> 5
CUSIP NO. 784638108 13 G Page 5 of 21 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
TCV II, V.O.F.
See Item 2 for list of Managing General Partners
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Tax ID Number:
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ] (b) [X]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Netherlands Antilles
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF 0
SHARES -------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY EACH 0
REPORTING -------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH 0
-------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 0
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES [ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.0%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
PN
- --------------------------------------------------------------------------------
<PAGE> 6
CUSIP NO. 784638108 13 G Page 6 of 21 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
TECHNOLOGY CROSSOVER VENTURES II, L.P.
See Item 2 for identification of General Partners
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Tax ID Number:
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ] (b) [X]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF 0
SHARES -------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY EACH 0
REPORTING -------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH 0
-------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 0
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES [ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.0%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
PN
- --------------------------------------------------------------------------------
<PAGE> 7
CUSIP NO. 784638108 13 G Page 7 of 21 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
TCV II (Q), L.P.
See Item 2 for identification of General Partners
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Tax ID Number:
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ] (b) [X]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF 0
SHARES -------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY EACH 0
REPORTING -------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH 0
-------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 0
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES [ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.0%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
PN
- --------------------------------------------------------------------------------
<PAGE> 8
CUSIP NO. 784638108 13 G Page 8 of 21 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
TCV II STRATEGIC PARTNERS, L.P.
See Item 2 for identification of General Partners
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Tax ID Number:
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ] (b) [X]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Netherlands Antilles
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF 0
SHARES -------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY EACH 0
REPORTING -------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH 0
-------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 0
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES [ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.0%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
PN
- --------------------------------------------------------------------------------
<PAGE> 9
CUSIP NO. 784638108 13 G Page 9 of 21 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
TECHNOLOGY CROSSOVER VENTURES II, C.V.
See Item 2 for identification of General Partners
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Tax ID Number:
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ] (b) [X]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF 0
SHARES -------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY EACH 0
REPORTING -------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH 0
-------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 0
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES [ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.0%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
PN
- --------------------------------------------------------------------------------
<PAGE> 10
CUSIP NO. 784638108 13 G Page 10 of 21 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
TECHNOLOGY CROSSOVER MANAGEMENT II, L.L.C.
See Item 2 for list of Managing Members
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Tax ID Number:
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ] (b) [X]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Netherlands Antilles
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF 0
SHARES -------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY EACH 0
REPORTING -------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH 0
-------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 0
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES [ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.0%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
OO
- --------------------------------------------------------------------------------
<PAGE> 11
CUSIP NO. 784638108 13 G Page 11 of 21 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
JAY C. HOAG
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Tax ID Number:
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ] (b) [X]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. Citizen
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF 0
SHARES -------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY EACH 0
REPORTING -------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH 0
-------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 0
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES [ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.0%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
IN
- --------------------------------------------------------------------------------
<PAGE> 12
CUSIP NO. 784638108 13 G Page 12 of 21 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
RICHARD H. KIMBALL
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Tax ID Number:
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ] (b) [X]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. Citizen
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF 0
SHARES -------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY EACH 0
REPORTING -------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH 0
-------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 0
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES [ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.0%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
IN
- --------------------------------------------------------------------------------
<PAGE> 13
CUSIP NO. 784638108 13 G Page 13 of 21 Pages
ITEM 1.
(a) NAME OF ISSUER: Clarus Corporation (formerly known as SQL
Financials International, Inc.) (the "Company")
(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"): (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, L.P."). The General Partner of TCV,
L.P. is Technology Crossover Management, L.L.C., a Delaware
limited liability company ("TCM"). The sole Managing
Members of TCM 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) 784638108
II.
(a) Technology Crossover Ventures, C.V., a Netherlands Antilles
limited partnership ("TCV, C.V."). The General Partners of
TCV, C.V. are TCM and Technology Crossover Administrator,
N.V., a Netherlands Antilles corporation ("TCA"). TCA is
ultimately controlled by Hoag and Kimball.
(b) Pietermaai 15, Willemstad, Curacao, Netherlands Antilles
(c) Netherlands Antilles
(d) Common Stock
(e) 784638108
III.
(a) Technology Crossover Management, L.L.C., a Delaware limited
liability company. The sole Managing Members of TCM are
Hoag and Kimball.
(b) 575 High Street, Suite 400, Palo Alto, CA 94301
(c) Delaware
(d) Common Stock
(e) 784638108
<PAGE> 14
CUSIP NO. 784638108 13 G Page 14 of 21 Pages
IV.
(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 Technology Crossover Management II, L.L.C.,
a Delaware limited liability company ("TCM II") and
Technology Crossover Administrator II, N.V., a Netherlands
Antilles corporation ("TCA II"). The sole Managing Members
of TCM II are Hoag and Kimball. TCA II is ultimately
controlled by Hoag and Kimball.
(b) Pietermaai 15, Willemstad, Curacao, Netherlands Antilles
(c) Netherlands Antilles
(d) Common Stock
(e) 784638108
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 TCM II.
(b) 575 High Street, Suite 400, Palo Alto, CA 94301
(c) Delaware
(d) Common Stock
(e) 784638108
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) 126946102
VII.
(a) TCV II Strategic Partners, L.P., a Delaware limited
partnership ("TCV II SP"). The General Partner of TCV II
SP is TCM II.
(b) 575 High Street, Suite 400, Palo Alto, CA 94301
(c) Delaware
(d) Common Stock
(e) 784638108
VIII.
(a) Technology Crossover Ventures II, C.V., a Netherlands
Antilles limited partnership ("TCV II, C.V."). The
Managing General Partners of TCV II, C.V. are TCM II and
TCA II.
(b) Pietermaai 15, Willemstad, Curacao, Netherlands Antilles
(c) Netherlands Antilles
(d) Common Stock
(e) 784638108
<PAGE> 15
CUSIP NO. 784638108 13 G Page 15 of 21 Pages
IX.
(a) Technology Crossover Management II, L.L.C., a Delaware
limited liability company. 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) 784638108
X.
(a) Jay C. Hoag
(b) 575 High Street, Suite 400, Palo Alto, CA 94301
(c) U.S. Citizen
(d) Common Stock
(e) 784638108
XI.
(a) Richard H. Kimball
(b) 575 High Street, Suite 400, Palo Alto, CA 94301
(c) U.S. Citizen
(d) Common Stock
(e) 784638108
ITEM 3.
Not Applicable
ITEM 4.
(a), (b) and (c) This Schedule 13G shall not be construed as an admission
that any Filing 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 Filing Person are as
follows:
<TABLE>
<CAPTION>
Common Stock
Beneficially % of Class Voting Dispositive
Filing Person Owned (1) Power Power
------------- ------------ ---------- ------ -----------
<S> <C> <C> <C> <C>
TCV, L.P. (2) 0 0.0% sole sole
TCV, C.V. (2) 0 0.0% sole sole
TCM 0 0.0% sole sole
TCV II, V.O.F. (3) 0 0.0% sole sole
TCV II, L.P. (3) 0 0.0% sole sole
TCV II (Q), L.P. (3) 0 0.0% sole sole
TCV II SP (3) 0 0.0% sole sole
TCV II, C.V. (3) 0 0.0% sole sole
TCM II 0 0.0% sole sole
Hoag (4) 0 0.0% shared sole
Kimball (4) 0 0.0% shared sole
</TABLE>
<PAGE> 16
CUSIP NO. 784638108 13 G Page 16 of 21 Pages
(1) All percentages in this table are based on the
11,223,494 shares of Common Stock of the Company
outstanding as of October 31, 1999, as reported in the
Company's Quarterly Report on Form 10-Q for the
quarterly period ended September 30, 1999.
(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,
as sole General Partner of TCV, L.P. and as Investment
General Partner of TCV, C.V., may also be deemed to have
sole voting and investment power with respect to such
securities. TCM 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 of TCV II, L.P., TCV II (Q)
and TCV II SP, and as Investment General Partner of TCV
II, V.O.F. and TCV II, C.V., 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 agreement of TCM and TCM II, Hoag
and Kimball have the independent power to cause the
funds managed by such entity 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 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
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more than
five percent of the class of securities, check the following [X].
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
Not Applicable.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY
Not Applicable.
<PAGE> 17
CUSIP NO. 784638108 13 G Page 17 of 21 Pages
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
This Schedule 13G is being filed jointly pursuant to Rule 13d-1(k). As a
result of the relationships among the Filing Persons described herein, some or
all of the Filing Persons may be deemed to comprise a "group" within the meaning
of Section 13 and the Rules promulgated thereunder. However, the Filing Persons
deny such group status.
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.
<PAGE> 18
CUSIP NO. 784638108 13 G Page 18 of 21 Pages
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 and is hereby
incorporated herein by reference, as updated by Exhibit B hereto:
Exhibit A - Statement Appointing Designated Filer and Authorized Signer
dated September 5, 1997
The following exhibit was filed as Exhibit B to the Schedule 13G relating
to the Common Stock of PSW Technologies, Inc. filed by the undersigned with the
Securities and Exchange Commission on October 23, 1998 and is hereby
incorporated herein by reference:
Exhibit B - October 23, 1998 Update to Exhibit A to the Designated Filer
Statement
<PAGE> 19
CUSIP NO. 784638108 13 G Page 19 of 21 Pages
SIGNATURES
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: January 28, 2000 TECHNOLOGY CROSSOVER VENTURES, L.P., a
Delaware Limited Partnership
By: /s/ Robert C. Bensky
-----------------------------------
Robert c. Bensky
Authorized Signatory
Dated: January 28, 2000 TECHNOLOGY CROSSOVER VENTURES, C.V., a
Netherlands Antilles Limited
Partnership
By: /s/ Robert C. Bensky
-----------------------------------
Robert C. Bensky
Authorized Signatory
Dated: January 28, 2000 TECHNOLOGY CROSSOVER MANAGEMENT,
L.L.C., a Delaware Limited Liability
Company
By: /s/ Robert C. Bensky
-----------------------------------
Robert C. Bensky
Authorized Signatory
Dated: January 28, 2000 TECHNOLOGY CROSSOVER VENTURES II,
L.P., a Delaware Limited Partnership
By: /s/ Robert C. Bensky
-----------------------------------
Robert C. Bensky
Authorized Signatory
<PAGE> 20
CUSIP NO. 784638108 13 G Page 20 of 21 Pages
Dated: January 28, 2000 TCV II (Q), L.P.,
a Delaware Limited Partnership
By: /s/ Robert C. Bensky
-----------------------------------
Robert C. Bensky
Authorized Signatory
Dated: January 28, 2000 TCV II STRATEGIC PARTNERS, L.P.,
a Delaware Limited Partnership
By: /s/ Robert C. Bensky
-----------------------------------
Robert C. Bensky
Authorized Signatory
Dated: January 28, 2000 TECHNOLOGY CROSSOVER VENTURES II,
C.V., a Netherlands Antilles Limited
Partnership
By: /s/ Robert C. Bensky
-----------------------------------
Robert C. Bensky
Authorized Signatory
Dated: January 28, 2000 TCV II, V.O.F.,
a Netherlands Antilles General
Partnership
By: /s/ Robert C. Bensky
-----------------------------------
Robert C. Bensky
Authorized Signatory
Dated: January 28, 2000 TECHNOLOGY CROSSOVER MANAGEMENT II,
L.L.C., a Delaware Limited Liability
Company
By: /s/ Robert C. Bensky
-----------------------------------
Robert C. Bensky
Authorized Signatory
<PAGE> 21
CUSIP NO. 784638108 13 G Page 21 of 21 Pages
Dated: January 28, 2000 JAY C. HOAG
By: /s/ Robert C. Bensky
-----------------------------------
Robert C. Bensky
Authorized Signatory
Dated: January 28, 2000 RICHARD H. KIMBALL
By: /s/ Robert C. Bensky
-----------------------------------
Robert C. Bensky
Authorized Signatory
