PRIMUS CAPITAL FUND III L P
SC 13G, 1999-02-09
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<PAGE>
   
                      SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C. 20549

                                  ----------

                                 SCHEDULE 13G

            INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
                   TO RULES 13d-1(b) AND (c)  AND AMENDMENTS
                     THERETO FILED PURSUANT TO RULE 13d-2
                             (Amendment No. 1)/1/



                       FlexiInternational Software, Inc.
- --------------------------------------------------------------------------------
                               (Name of Issuer)


                    Common Stock, par value $.01 per share
- --------------------------------------------------------------------------------
                        (Title of Class of Securities)


                                   33893 105
- --------------------------------------------------------------------------------
                                (CUSIP Number)

                                  ----------



- ----------------
     /1/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 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 7 Pages
<PAGE>

 ---------------------                                     -------------------
  CUSIP NO. 33893 105                  13G                  Page 2 of 7 Pages
 ---------------------                                     -------------------

============================================================================== 

      NAMES OF REPORTING PERSON
 1    
      PRIMUS CAPITAL FUND III LIMITED PARTNERSHIP
      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                                 
      OHIO

- ------------------------------------------------------------------------------
                          SOLE VOTING POWER
                     5                                                       
     NUMBER OF            None
 
      SHARES       -----------------------------------------------------------
                          SHARED VOTING POWER
   BENEFICIALLY      6       
                          1,232,273 (See Item 4)
     OWNED BY
                   -----------------------------------------------------------
       EACH               SOLE DISPOSITIVE POWER
                     7       
    REPORTING             None
 
      PERSON       -----------------------------------------------------------
                          SHARED DISPOSITIVE POWER
       WITH          8       
                          1,232,273 (See Item 4)
- ------------------------------------------------------------------------------
      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 9                           
      1,232,273 (See Item 4)
- ------------------------------------------------------------------------------
      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10    
                                                                    [_]
 
- ------------------------------------------------------------------------------
      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11           
      7.1%                                                                   

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

============================================================================== 


                    * SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>

 ----------------------                                   ------------------
  CUSIP NO.  33893 105                13G                  Page 3 of 7 Pages
 ----------------------                                   ------------------

=============================================================================== 

      NAMES OF REPORTING PERSON
 1    
      PRIMUS VENTURE PARTNERS III LIMITED PARTNERSHIP
      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                                 
      OHIO

- ------------------------------------------------------------------------------
                          SOLE VOTING POWER
                     5                                                       
     NUMBER OF            None
 
      SHARES       -----------------------------------------------------------
                          SHARED VOTING POWER
   BENEFICIALLY      6       
                          1,232,273 (See Item 4)
     OWNED BY
                   -----------------------------------------------------------
       EACH               SOLE DISPOSITIVE POWER
                     7       
    REPORTING             None
 
      PERSON       -----------------------------------------------------------
                          SHARED DISPOSITIVE POWER
       WITH          8       
                          1,232,273 (See Item 4)
- ------------------------------------------------------------------------------
      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 9                           
      1,232,273 (See Item 4)
- ------------------------------------------------------------------------------
      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
      
10    
                                                                    [_]

- ------------------------------------------------------------------------------
      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11           
      7.1%                                                                   

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

=============================================================================== 


                    * SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
  
 ----------------------                                 -------------------
  CUSIP NO.  33893 105               13G                 Page 4 of 7 Pages
 ----------------------                                 -------------------

=============================================================================== 
 
      NAMES OF REPORTING PERSON
 1                                                                      
      PRIMUS VENTURE PARTNERS, INC.
      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                                 
      OHIO
  
- ------------------------------------------------------------------------------
                          SOLE VOTING POWER
                     5                                                       
     NUMBER OF            None
 
      SHARES       -----------------------------------------------------------
                          SHARED VOTING POWER
   BENEFICIALLY      6       
                          1,232,273 (See Item 4)
     OWNED BY
                   -----------------------------------------------------------
       EACH               SOLE DISPOSITIVE POWER
                     7       
    REPORTING             None
 
      PERSON       -----------------------------------------------------------
                          SHARED DISPOSITIVE POWER
       WITH          8       
                          1,232,273 (See Item 4)
- ------------------------------------------------------------------------------
      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 9                           
      1,232,273 (See Item 4)
- ------------------------------------------------------------------------------
      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10    
                                                                    [_]
 
- ------------------------------------------------------------------------------
      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11           
      7.1%                                                                   

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

=============================================================================== 


                    * SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>

  ---------------------                                    -------------------
   CUSIP No. 33893 105                13G                   Page 5 of 7 Pages
  ---------------------                                    -------------------

          Amendment No. 1 to the Statement on Schedule 13G filed on February 12,
1998 (the "Statement") by Primus Capital Fund III Limited Partnership, ("PCF
III") an Ohio limited partnership, by virtue of its direct beneficial ownership
of Common Stock (as defined below), Primus Venture Partners III Limited
Partnership ("PVP LP"), an Ohio limited partnership, by virtue of its indirect
beneficial ownership as the sole general partner of PCF III, and Primus Venture
Partners, Inc. ("PVP Inc."), an Ohio corporation, by its indirect beneficial
ownership as the sole general partner of PVP LP (collectively, the "Reporting
Persons"), relates to the Common Stock, par value $.01 per share (the "Common
Stock"), of FlexiInternational Software, Inc., a Delaware corporation (the
"Company"), and is being filed pursuant to Rule 13d-(1)(f) promulgated by the
Securities and Exchange Commission pursuant to Section 13 of the Securities
Exchange Act of 1934, as amended. Unless otherwise defined herein, capitalized
terms used herein shall have the meanings given to such terms in the Statement.
Item 4 of the Statement is amended and supplemented as set forth below:

Item 4.   Ownership:

          Item 4 of the Statement is hereby deleted in its entirety and replaced
          with the following:

          (a)-(c).  Each Reporting Person named in response to Item 2 hereof
          has, as of December 31, 1998, shared power to vote or to direct the
          vote and shared power to dispose or to direct the disposition of the
          Common Stock as follows:

               Primus Capital Fund III Limited Partnership.  PCF III has the
          shared power to vote and to dispose of 1,232,273 shares of Common
          Stock currently held by PCF III, constituting approximately 7.1% of
          the outstanding Common Stock.

               Primus Venture Partners III Limited Partnership.  PVP LP, as the
          sole general partner of PCF III, may be deemed to have the shared
          power to vote and to dispose of 1,232,273 shares of Common Stock
          currently held by PCF III, which constitutes approximately 7.1% of the
          outstanding Common Stock. The filing of this Schedule 13G by PVP LP
          shall not be considered an admission that PVP LP is, for the purpose
          of Section 13(g) of the Exchange Act, the beneficial owner of such
          shares held by PCF III.

               Primus Venture Partners, Inc.  PVP Inc., as the sole general
          partner of PVP LP, may be deemed to have the shared power to vote and
          to dispose of 1,232,273 shares of Common Stock currently held by PCF
          III, which constitutes approximately 7.1% of the outstanding Common
          Stock. The filing of this Schedule 13G by PVP Inc. shall not be
          considered an admission that PVP Inc. is, for the purpose of Section
          13(g) of the Exchange Act, the beneficial owner of such shares held by
          PCF III.

               PVP Inc. has five shareholders and directors, Loyal W. Wilson,
          James T. Bartlett, Kevin J. McGinty, William C. Mulligan and Jonathan
          E. Dick.
          
               Pursuant to Rule 13d-5(b)(1) under the Exchange Act, the
          Reporting Persons may be deemed as a group to have beneficial
          ownership of 1,232,273 shares of Common Stock, the aggregate number of
          shares of Common Stock held by the Reporting Persons, representing
          approximately 7.1% of the outstanding Common Stock as of December 31,
          1998. Except as otherwise specifically noted, all of the percentages
          calculated in this Schedule 13G are based upon an aggregate of
          17,331,122 shares of Common Stock outstanding on or about September
          30, 1998, as disclosed in the

<PAGE>

  ---------------------                                    -------------------
   CUSIP No. 33893 105                13G                   Page 6 of 7 Pages
  ---------------------                                    -------------------
 
          Company's last filed 10Q. Each Reporting Person expressly disclaims
          beneficial ownership of any shares of Common Stock beneficially owned
          by each other Reporting Person.
<PAGE>


  ---------------------                                    -------------------
   CUSIP No. 33893 105                13G                   Page 7 of 7 Pages
  ---------------------                                    -------------------
 
                                   SIGNATURE

          After reasonable inquiry and to the best of our knowledge and belief,
the undersigned certify that the information set forth in this statement is
true, complete and correct.


Date:  February 9, 1999

                                       PRIMUS CAPITAL FUND III LIMITED
                                       PARTNERSHIP
 
                                       By:   Primus Venture Partners III Limited
                                             Partnership
                                       Its:  General Partner
 
                                       By:   Primus Venture Partners, Inc.
                                       Its:  General Partner
 
 
                                       By:   /s/ Loyal W. Wilson
                                             ----------------------------------
 
                                       Its:  President
                                             ----------------------------------

                                       PRIMUS VENTURE PARTNERS III
                                       LIMITED PARTNERSHIP
 
                                       By:   Primus Venture Partners, Inc.
                                       Its:  General Partner
 
                                       By:   /s/ Loyal W. Wilson
                                             ----------------------------------
 
                                       Its:  President
                                             ----------------------------------

                                       PRIMUS VENTURE PARTNERS, INC.
 
                                       By:   /s/ Loyal W. Wilson
                                             ----------------------------------
 
                                       Its:  President
                                             ----------------------------------
 


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