UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 4 )*
Panja Inc.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, $.01 par value
- --------------------------------------------------------------------------------
(Title of Class of Securities)
69849310
- --------------------------------------------------------------------------------
(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)
[ ] 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 32 Pages
<PAGE>
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CUSIP NO. 69849310 13G PAGE 2 OF 32 PAGES
- --------------------- -------------------
================================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Summit Ventures III, L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(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 -----------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH: 0 shares
-----------------------------------------------------
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 *
[ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
PN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
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CUSIP NO. 69849310 13G PAGE 3 OF 32 PAGES
- --------------------- -------------------
================================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Summit Partners III, L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(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 -----------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH: 0 shares
-----------------------------------------------------
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 *
[ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
PN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- --------------------- -------------------
CUSIP NO. 69849310 13G PAGE 4 OF 32 PAGES
- --------------------- -------------------
================================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Summit Investors II, L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(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 -----------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH: 0 shares
-----------------------------------------------------
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 *
[ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
PN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- --------------------- -------------------
CUSIP NO. 69849310 13G PAGE 5 OF 32 PAGES
- --------------------- -------------------
================================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Stamps, Woodsum & Co. III
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(a)[ ]
(b)[ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Massachusetts general partnership
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
0 shares
NUMBER OF -----------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0 shares
EACH -----------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH: 0 shares
-----------------------------------------------------
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 *
[ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
PN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- --------------------- -------------------
CUSIP NO. 69849310 13G PAGE 6 OF 32 PAGES
- --------------------- -------------------
================================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Summit Subordinated Debt Fund, L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(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 -----------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH: 0 shares
-----------------------------------------------------
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 *
[ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
PN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- --------------------- -------------------
CUSIP NO. 69849310 13G PAGE 7 OF 32 PAGES
- --------------------- -------------------
================================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Summit Partners SD, L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(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 -----------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH: 0 shares
-----------------------------------------------------
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 *
[ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
PN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- --------------------- -------------------
CUSIP NO. 69849310 13G PAGE 8 OF 32 PAGES
- --------------------- -------------------
================================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
E. Roe Stamps, IV
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(a)[ ]
(b)[ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
0 shares
NUMBER OF -----------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0 shares
EACH -----------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH: 0 shares
-----------------------------------------------------
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 *
[ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
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CUSIP NO. 69849310 13G PAGE 9 OF 32 PAGES
- --------------------- -------------------
================================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Stephen G. Woodsum
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(a)[ ]
(b)[ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
0 shares
NUMBER OF -----------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0 shares
EACH -----------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH: 0 shares
-----------------------------------------------------
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 *
[ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- --------------------- -------------------
CUSIP NO. 69849310 13G PAGE 10 OF 32 PAGES
- --------------------- -------------------
================================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Gregory M. Avis
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(a)[ ]
(b)[ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
0 shares
NUMBER OF -----------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0 shares
EACH -----------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH: 0 shares
-----------------------------------------------------
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 *
[ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
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CUSIP NO. 69849310 13G PAGE 11 OF 32 PAGES
- --------------------- -------------------
================================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Martin J. Mannion
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(a)[ ]
(b)[ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
0 shares
NUMBER OF -----------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0 shares
EACH -----------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH: 0 shares
-----------------------------------------------------
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 *
[ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
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CUSIP NO. 69849310 13G PAGE 12 OF 32 PAGES
- --------------------- -------------------
================================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Bruce R. Evans
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(a)[ ]
(b)[ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
0 shares
NUMBER OF -----------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0 shares
EACH -----------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH: 0 shares
-----------------------------------------------------
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 *
[ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
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CUSIP NO. 69849310 13G PAGE 13 OF 32 PAGES
- --------------------- -------------------
================================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Thomas S. Roberts
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(a)[ ]
(b)[ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
0 shares
NUMBER OF -----------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0 shares
EACH -----------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH: 0 shares
-----------------------------------------------------
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 *
[ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- --------------------- -------------------
CUSIP NO. 69849310 13G PAGE 14 OF 32 PAGES
- --------------------- -------------------
================================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Walter G. Kortschak
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(a)[ ]
(b)[ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
0 shares
NUMBER OF -----------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0 shares
EACH -----------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH: 0 shares
-----------------------------------------------------
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 *
[ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Schedule 13G
------------
ITEM 1(A). NAME OF ISSUER: Panja Inc.
ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
11995 Forestgate Drive, Dallas, TX 75243
ITEM 2(A). NAMES OF PERSONS FILING: Summit Ventures III, L.P., Summit
Partners III, L.P., Summit Investors II, L.P., Stamps, Woodsum
& Co. III, Summit Subordinated Debt Fund, L.P., Summit
Partners SD, L.P. and Messrs. E. Roe Stamps, IV, Stephen G.
Woodsum, Gregory M. Avis, Martin J. Mannion, Bruce R. Evans,
Thomas S. Roberts, and Walter G. Kortschak.
Summit Partners III, L.P. is the sole general partner of
Summit Ventures III, L.P. Stamps, Woodsum & Co. III is the
sole general partner of Summit Partners III, L.P. Summit
Partners SD, L.P. is the sole general partner of Summit
Subordinated Debt Fund, L.P. Stamps, Woodsum & Co. III is the
sole general partner of Summit Partners SD, L.P. Messrs.
Stamps, Woodsum, Avis, Mannion, Evans, Roberts and Kortschak
are individual general partners of Stamps, Woodsum & Co. III
and Summit Investors II, L.P.
As of December 31, 1999, John A. Genest was no longer
affiliated with any of the "Entities" (as defined below).
ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
The address of the principal business office of Summit
Ventures III, L.P., Summit Partners III, L.P., Summit
Investors II, L.P., Stamps, Woodsum & Co. III, Summit
Subordinated Debt Fund, L.P., Summit Partners SD, L.P. and
Messrs. Stamps, Woodsum, Mannion, Evans, and Roberts is Summit
Partners, 600 Atlantic Avenue, Boston, Massachusetts 02210.
The address of the principal business office of Messrs. Avis
and Kortschak is Summit Partners, 499 Hamilton Avenue, Palo
Alto, California 94301.
ITEM 2(C). CITIZENSHIP: Each of Summit Ventures III, L.P., Summit
Partners III, L.P., Summit Investors II, L.P., Summit
Subordinated Debt Fund, L.P. and Summit Partners SD, L.P. is a
limited partnership organized under the laws of the State of
Delaware. Stamps, Woodsum & Co. III is a general partnership
organized under the laws of the Commonwealth of Massachusetts.
Each of Messrs. Stamps, Woodsum, Avis, Mannion, Evans,
Roberts, and Kortschak is a United States citizen.
ITEM 2(D). TITLE OF CLASS OF SECURITIES: Common Stock, $.01 par value.
Page 15 of 32 Pages
<PAGE>
ITEM 2(E). CUSIP NUMBER: 69849310
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B), OR
13D-2(B), CHECK WHETHER THE PERSON FILING IS A:
Not Applicable.
ITEM 4. OWNERSHIP.
Not Applicable.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
[ X ] Each of Summit Ventures III, L.P., Summit Partners III,
L.P., Summit Investors II, L.P., Stamps, Woodsum & Co. III,
Summit Subordinated Debt Fund, L.P., Summit Partners SD, L.P.,
(individually an "Entity" and collectively the "Entities") and
Messrs. Stamps, Woodsum, Avis, Mannion, Evans, Roberts, and
Kortschak may be deemed to own beneficially 0 shares of Common
Stock as of December 31, 1999, which is five percent or less
of the Common Stock of Panja, Inc.
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. The reporting persons expressly disclaim
membership in a "group" as defined in Rule 13d-1(b)(1)(ii)(J).
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
Not Applicable.
ITEM 10. CERTIFICATION.
Not Applicable. This statement on Schedule 13G is not filed
pursuant to Rule 13d-1(b).
Page 16 of 32 Pages
<PAGE>
SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief, we
certify that the information set forth in this statement is true, complete and
correct. We also hereby agree to file this statement jointly pursuant to the
Agreement listed on Exhibit 1 hereto.
---------
Dated: February 11, 2000.
SUMMIT VENTURES III, L.P. SUMMIT SUBORDINATED DEBT FUND, L.P.
By: Summit Partners III, L.P. By: Summit Partners SD, L.P.
By: Stamps, Woodsum & Co. III By: Stamps, Woodsum & Co. III
By: * By: *
-------------------- --------------------
E. Roe Stamps, IV E. Roe Stamps, IV
General Partner General Partner
SUMMIT INVESTORS II, L.P. SUMMIT PARTNERS SD, L.P.
By: * By: Stamps, Woodsum & Co. III
-----------------------
General Partner By: *
-----------------------
E. Roe Stamps, IV
SUMMIT PARTNERS III, L.P. General Partner
By: Stamps, Woodsum & Co. III STAMPS, WOODSUM & CO. III
By: * By: *
-------------------- -----------------------
E. Roe Stamps, IV E. Roe Stamps, IV
General Partner General Partner
Page 17 of 32
<PAGE>
*
-----------------------
Walter G. Kortschak
*
-----------------------
E. Roe Stamps, IV
*
-----------------------
Stephen G. Woodsum
*
-----------------------
Gregory M. Avis
*
-----------------------
Martin J. Mannion
*
-----------------------
Bruce R. Evans
*
-----------------------
Thomas S. Roberts
*By: /s/ Thomas F. Farb
------------------
Thomas F. Farb
Attorney-in-Fact
- --------------------------------------------------------------------------------
* Pursuant to Powers of Attorney on file with the Commission, which Powers
of Attorney are incorporated herein by reference. Copies of such Powers of
Attorney are attached hereto as Exhibit 2.
---------
Page 18 of 32 Pages
EXHIBIT 1
---------
AGREEMENT
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 by Schedule 13G need be filed with respect to the ownership by each of
the undersigned of shares of Common Stock of Panja Inc..
This agreement may be executed in any number of counterparts, each of
which shall be deemed an original.
EXECUTED this 11 day of February, 2000.
SUMMIT VENTURES III, L.P. SUMMIT PARTNERS SD, L.P.
By: Summit Partners III, L.P. By: Stamps, Woodsum & Co. III
By: Stamps, Woodsum & Co. III
By: * By: *
-------------------- -----------------------
E. Roe Stamps, IV E. Roe Stamps, IV
General Partner General Partner
SUMMIT INVESTORS II, L.P. SUMMIT PARTNERS III, L.P.
By: * By: Stamps, Woodsum & Co. III
-----------------------
General Partner By: *
-----------------------
E. Roe Stamps, IV
SUMMIT SUBORDINATED DEBT FUND, L.P. General Partner
By: Summit Partners SD, L.P.
STAMPS, WOODSUM & CO. III
By: Stamps, Woodsum & Co. III
By: *
By: * --------------------
-------------------- E. Roe Stamps, IV
E. Roe Stamps, IV General Partner
General Partner
Page 19 of 32
<PAGE>
*
-----------------------
E. Roe Stamps, IV
*
-----------------------
Stephen G. Woodsum
*
-----------------------
Gregory M. Avis
*
-----------------------
Martin J. Mannion
*
-----------------------
Bruce R. Evans
*
-----------------------
Walter G. Kortschak
*
-----------------------
Thomas S. Roberts
*By: /s/ Thomas F. Farb
------------------
Thomas F. Farb
Attorney-in-Fact
- --------------------------------------------------------------------------------
* Pursuant to Powers of Attorney on file with the Commission, which Powers
of Attorney are incorporated herein by reference. Copies of such Powers of
Attorney are attached hereto as Exhibit 2.
---------
Page 20 of 32 Pages
EXHIBIT 2
---------
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears
below hereby constitutes and appoints each and any of E. Roe Stamps, IV, Stephen
G. Woodsum, Gregory M. Avis, Walter G. Kortschak and Thomas F. Farb his true and
lawful attorney-in-fact and agent, with full power of substitution and
resubstitution, for him and in his name, place and stead, in any and all
capacities (until revoked in writing) to sign any and all instruments,
certificates and documents required to be executed on behalf of himself
individually or on behalf of each or any of Summit Ventures, L.P., SP (1984),
L.P. (f/k/a Summit Partners, L.P.), Stamps, Woodsum & Co., Summit Partners'
Holdings, L.P., Summit Ventures II, L.P., Summit Partners II, L.P., Stamps,
Woodsum & Co. II, SV Eurofund C.V., SV International, L.P., Summit Investors,
L.P., Summit Investors II, L.P., Summit Investors III, L.P., Summit Ventures
III, L.P., Summit Partners III, L.P., Stamps, Woodsum & Co. III, Summit Ventures
IV, L.P., Summit Partners IV, L.P., Stamps, Woodsum & Co., IV, Summit
Subordinated Debt Fund, L.P., Summit Partners SD, L.P., Summit E-Tek Holdings,
LLC, SW Management Corp., Summit Partners, L.P., Summit Master Company, LLC,
Summit Subordinated Debt Fund II, L.P., Summit Partners SD II, LLC, Summit
Ventures V, L.P., Summit Partners V, L.P., Summit Partners, LLC, Summit V
Advisors Fund, L.P., Summit V Advisors Fund (QP), L.P. and Summit V Companion
Fund, L.P., pursuant to sections 13 and 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, granting unto
said attorney-in-fact and agent full power and authority to do and perform each
and every act and thing requisite and necessary fully to all intents and
purposes as she might or could do in person thereby ratifying and confirming all
that said attorney-in-fact and agent, or her substitute or substitutes, may
lawfully do or cause to be done by virtue hereof.
Page 21 of 32 Pages
<PAGE>
IN WITNESS WHEREOF, this Power of Attorney has been signed as of the 7th
day of February, 2000.
/s/ E. Roe Stamps, IV
---------------------------
E. Roe Stamps, IV
Commonwealth of Massachusetts )
) ss:
County of Suffolk )
On this 7th day of February, 2000, before me personally came E. Roe
Stamps, IV, known to me to be the person described and who executed the
foregoing instrument that he acknowledged that he executed the same.
[Notary Seal]
/s/ Cynthia R. Freedman
---------------------------
Notary Public
My Commission expires:
October 20, 2000
----------------
Page 22 of 32 Pages
<PAGE>
IN WITNESS WHEREOF, this Power of Attorney has been signed as of the 7th
day of February, 2000.
/s/ Stephen G. Woodsum
---------------------------
Stephen G. Woodsum
Commonwealth of Massachusetts )
) ss:
County of Suffolk )
On this 7th day of February, 2000, before me personally came Stephen G.
Woodsum, known to me to be the person described and who executed the foregoing
instrument that he acknowledged that he executed the same.
[Notary Seal]
/s/ Cynthia R. Freedman
---------------------------
Notary Public
My Commission expires:
October 20, 2000
----------------
Page 23 of 32 Pages
<PAGE>
IN WITNESS WHEREOF, this Power of Attorney has been signed as of the 7th
day of February, 2000.
/s/ Martin J. Mannion
---------------------------
Martin J. Mannion
Commonwealth of Massachusetts )
) ss:
County of Suffolk )
On this 7th day of February, 2000, before me personally came Martin J.
Mannion, known to me to be the person described and who executed the foregoing
instrument that he acknowledged that he executed the same.
[Notary Seal]
/s/ Cynthia R. Freedman
---------------------------
Notary Public
My Commission expires:
October 20, 2000
----------------
Page 24 of 32 Pages
<PAGE>
IN WITNESS WHEREOF, this Power of Attorney has been signed as of the 8th
day of February, 2000.
/s/ Gregory M. Avis
---------------------------
Gregory M. Avis
State of California )
) ss:
County of Santa Clara )
On this 8th day of February, 2000, before me personally came Gregory M.
Avis, known to me to be the person described and who executed the foregoing
instrument that he acknowledged that he executed the same.
[Notary Seal]
/s/ Cynthia R. Freedman
---------------------------
Notary Public
My Commission expires:
October 20, 2000
---------------------------
Page 25 of 32 Pages
<PAGE>
IN WITNESS WHEREOF, this Power of Attorney has been signed as of the 7th
day of February, 2000.
/s/ Thomas S. Roberts
---------------------------
Thomas S. Roberts
Commonwealth of Massachusetts )
) ss:
County of Suffolk )
On this 7th day of February, 2000, before me personally came Thomas S.
Roberts, known to me to be the person described and who executed the foregoing
instrument that he acknowledged that he executed the same.
[Notary Seal]
/s/ Cynthia R. Freedman
---------------------------
Notary Public
My Commission expires:
October 20, 2000
----------------
Page 26 of 32 Pages
<PAGE>
IN WITNESS WHEREOF, this Power of Attorney has been signed as of the 7th
day of February, 2000.
/s/ Bruce R. Evans
---------------------------
Bruce R. Evans
Commonwealth of Massachusetts )
) ss:
County of Suffolk )
On this 7th day of February, 2000, before me personally came Bruce R.
Evans, known to me to be the person described and who executed the foregoing
instrument that he acknowledged that he executed the same.
[Notary Seal]
/s/ Cynthia R. Freedman
---------------------------
Notary Public
My Commission expires:
October 20, 2000
----------------
Page 27 of 32 Pages
<PAGE>
IN WITNESS WHEREOF, this Power of Attorney has been signed as of the 8th
day of February, 2000.
/s/ Walter G. Kortschak
---------------------------
Walter G. Kortschak
State of California )
) ss:
County of Santa Clara )
On this 8th day of February, 2000, before me personally came Walter G.
Kortschak, known to me to be the person described and who executed the foregoing
instrument that he acknowledged that he executed the same.
[Notary Seal]
/s/ Cynthia R. Freedman
---------------------------
Notary Public
My Commission expires:
October 20, 2000
---------------------------
Page 28 of 32 Pages
<PAGE>
IN WITNESS WHEREOF, this Power of Attorney has been signed as of the 7th
day of February, 2000.
/s/ Joseph F. Trustey
---------------------------
Joseph F. Trustey
Commonwealth of Massachusetts )
) ss:
County of Suffolk )
On this 7th day of February, 2000, before me personally came Joseph F.
Trustey, known to me to be the person described and who executed the foregoing
instrument that he acknowledged that he executed the same.
[Notary Seal]
/s/ Cynthia R. Freedman
---------------------------
Notary Public
My Commission expires:
October 20, 2000
----------------
Page 29 of 32 Pages
<PAGE>
IN WITNESS WHEREOF, this Power of Attorney has been signed as of the 7th
day of February, 2000.
/s/ Kevin P. Mohan
---------------------------
Kevin P. Mohan
Commonwealth of Massachusetts )
) ss:
County of Suffolk )
On this 7th day of February, 2000, before me personally came Kevin P.
Mohan, known to me to be the person described and who executed the foregoing
instrument that he acknowledged that he executed the same.
[Notary Seal]
/s/ Cynthia R. Freedman
---------------------------
Notary Public
My Commission expires:
October 20, 2000
----------------
Page 30 of 32 Pages
<PAGE>
IN WITNESS WHEREOF, this Power of Attorney has been signed as of the 8th
day of February, 2000.
/s/ Peter Y. Chung
---------------------------
Peter Y. Chung
Commonwealth of Massachusetts )
) ss:
County of Suffolk )
On this 8th day of February, 2000, before me personally came Peter Y.
Chung, known to me to be the person described and who executed the foregoing
instrument that he acknowledged that he executed the same.
[Notary Seal]
/s/ Cynthia R. Freedman
---------------------------
Notary Public
My Commission expires:
October 20, 2000
---------------------------
Page 31 of 32 Pages
<PAGE>
IN WITNESS WHEREOF, this Power of Attorney has been signed as of the 7th
day of February, 2000.
/s/ Thomas F. Farb
---------------------------
Thomas F. Farb
Commonwealth of Massachusetts )
) ss:
County of Suffolk )
On this 7th day of February, 2000, before me personally came Thomas F.
Farb, known to me to be the person described and who executed the foregoing
instrument that he acknowledged that he executed the same.
[Notary Seal]
/s/ Cynthia R. Freedman
---------------------------
Notary Public
My Commission expires:
October 20, 2000
---------------------------
Page 32 of 32 Pages
