SUMMIT VENTURES IV LP
SC 13G, 1997-02-14
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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                                                    
                                                    
                                                    


                                  SCHEDULE 13G


                    UNDER THE SECURITIES EXCHANGE ACT OF 1934
                                (AMENDMENT NO. )*

                        Splash Technology Holdings, Inc.
                        --------------------------------
                                (Name of Issuer)

                          Common Stock, $.001 par value
                          -----------------------------
                         (Title of Class of Securities)

                                   0008486231
                                   ----------
                                 (CUSIP Number)



*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 38 Pages






CUSIP NO. 0008486231                 13G             PAGE 2 OF 38 PAGES


- ------ -------------------------------------------------------------------------
  1    NAME OF REPORTING PERSON
       S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

                Summit Ventures IV, 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                        5,888,749 shares

                        ----- --------------------------------------------------
                        ----- --------------------------------------------------
         EACH            7    SOLE DISPOSITIVE POWER
      REPORTING
        PERSON                         0 shares

                        ----- --------------------------------------------------
                        ----- --------------------------------------------------
         WITH            8    SHARED DISPOSITIVE POWER

                                       5,888,749 shares

- ----------------------- ----- --------------------------------------------------
- ------ -------------------------------------------------------------------------
  9    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                5,888,749 shares

- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
  10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]


- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
  11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

                48.9%

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

                PN

- ------ -------------------------------------------------------------------------

                      *SEE INSTRUCTIONS BEFORE FILLING OUT!


                               Page 2 of 38 Pages




CUSIP NO. 0008486231                 13G             PAGE 3 OF 38 PAGES


- ------ -------------------------------------------------------------------------
  1    NAME OF REPORTING PERSON
       S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

                Summit Partners IV, 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                        5,888,749 shares

                        ----- --------------------------------------------------
                        ----- --------------------------------------------------
         EACH            7    SOLE DISPOSITIVE POWER
      REPORTING
        PERSON                         0 shares

                        ----- --------------------------------------------------
                        ----- --------------------------------------------------
         WITH            8    SHARED DISPOSITIVE POWER

                                       5,888,749 shares

- ----------------------- ----- --------------------------------------------------
- ------ -------------------------------------------------------------------------
  9    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                5,888,749 shares

- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
  10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]


- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
  11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

                48.9%

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

                PN

- ------ -------------------------------------------------------------------------


                      *SEE INSTRUCTIONS BEFORE FILLING OUT!


                               Page 3 of 38 Pages




CUSIP NO. 0008486231                 13G             PAGE 4 OF 38 PAGES


- ------ -------------------------------------------------------------------------
  1    NAME OF REPORTING PERSON
       S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

                Summit Investors 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                        5,888,749 shares

                        ----- --------------------------------------------------
                        ----- --------------------------------------------------
         EACH            7    SOLE DISPOSITIVE POWER
      REPORTING
        PERSON                         0 shares

                        ----- --------------------------------------------------
                        ----- --------------------------------------------------
         WITH            8    SHARED DISPOSITIVE POWER

                                       5,888,749 shares

- ----------------------- ----- --------------------------------------------------
- ------ -------------------------------------------------------------------------
  9    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                5,888,749 shares

- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
  10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]


- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
  11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

                48.9%

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

                PN

- ------ -------------------------------------------------------------------------


                      *SEE INSTRUCTIONS BEFORE FILLING OUT!


                               Page 4 of 38 Pages






CUSIP NO. 0008486231                 13G             PAGE 5 OF 38 PAGES


- ------ -------------------------------------------------------------------------
  1    NAME OF REPORTING PERSON
       S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

                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                        5,888,749 shares

                        ----- --------------------------------------------------
                        ----- --------------------------------------------------
         EACH            7    SOLE DISPOSITIVE POWER
      REPORTING
        PERSON                         0 shares

                        ----- --------------------------------------------------
                        ----- --------------------------------------------------
         WITH            8    SHARED DISPOSITIVE POWER

                                       5,888,749 shares

- ----------------------- ----- --------------------------------------------------
- ------ -------------------------------------------------------------------------
  9    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                5,888,749 shares

- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
  10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]


- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
  11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

                48.9%

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

                PN

- ------ -------------------------------------------------------------------------


                      *SEE INSTRUCTIONS BEFORE FILLING OUT!


                               Page 5 of 38 Pages






CUSIP NO. 0008486231                 13G             PAGE 6 OF 38 PAGES


- ------ -------------------------------------------------------------------------
  1    NAME OF REPORTING PERSON
       S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

                Stamps, Woodsum & Co. IV

- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
  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                        5,888,749 shares

                        ----- --------------------------------------------------
                        ----- --------------------------------------------------
         EACH            7    SOLE DISPOSITIVE POWER
      REPORTING
        PERSON                         0 shares

                        ----- --------------------------------------------------
                        ----- --------------------------------------------------
         WITH            8    SHARED DISPOSITIVE POWER

                                       5,888,749 shares

- ----------------------- ----- --------------------------------------------------
- ------ -------------------------------------------------------------------------
  9    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                5,888,749 shares

- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
  10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]


- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
  11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

                48.9%

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

                PN

- ------ -------------------------------------------------------------------------


                      *SEE INSTRUCTIONS BEFORE FILLING OUT!


                               Page 6 of 38 Pages





CUSIP NO. 0008486231                 13G             PAGE 7 OF 38 PAGES


- ------ -------------------------------------------------------------------------
  1    NAME OF REPORTING PERSON
       S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

                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                        5,888,749 shares

                        ----- --------------------------------------------------
                        ----- --------------------------------------------------
         EACH            7    SOLE DISPOSITIVE POWER
      REPORTING
        PERSON                         0 shares

                        ----- --------------------------------------------------
                        ----- --------------------------------------------------
         WITH            8    SHARED DISPOSITIVE POWER

                                       5,888,749 shares

- ----------------------- ----- --------------------------------------------------
- ------ -------------------------------------------------------------------------
  9    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                5,888,749 shares

- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
  10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]


- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
  11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

                48.9%

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

                IN

- ------ -------------------------------------------------------------------------


                      *SEE INSTRUCTIONS BEFORE FILLING OUT!


                               Page 7 of 38 Pages





CUSIP NO. 0008486231                 13G             PAGE 8 OF 38 PAGES


- ------ -------------------------------------------------------------------------
  1    NAME OF REPORTING PERSON
       S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

                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                        5,888,749 shares

                        ----- --------------------------------------------------
                        ----- --------------------------------------------------
         EACH            7    SOLE DISPOSITIVE POWER
      REPORTING
        PERSON                         0 shares

                        ----- --------------------------------------------------
                        ----- --------------------------------------------------
         WITH            8    SHARED DISPOSITIVE POWER

                                       5,888,749 shares

- ----------------------- ----- --------------------------------------------------
- ------ -------------------------------------------------------------------------
  9    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                5,888,749 shares

- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
  10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]


- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
  11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

                48.9%

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

                IN

- ------ -------------------------------------------------------------------------


                      *SEE INSTRUCTIONS BEFORE FILLING OUT!


                               Page 8 of 38 Pages





CUSIP NO. 0008486231                 13G             PAGE 9 OF 38 PAGES


- ------ -------------------------------------------------------------------------
  1    NAME OF REPORTING PERSON
       S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

                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                        5,888,749 shares

                        ----- --------------------------------------------------
                        ----- --------------------------------------------------
         EACH            7    SOLE DISPOSITIVE POWER
      REPORTING
        PERSON                         0 shares

                        ----- --------------------------------------------------
                        ----- --------------------------------------------------
         WITH            8    SHARED DISPOSITIVE POWER

                                       5,888,749 shares

- ----------------------- ----- --------------------------------------------------
- ------ -------------------------------------------------------------------------
  9    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                5,888,749 shares

- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
  10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]


- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
  11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

                48.9%

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

                IN

- ------ -------------------------------------------------------------------------


                      *SEE INSTRUCTIONS BEFORE FILLING OUT!


                               Page 9 of 38 Pages





CUSIP NO. 0008486231                 13G             PAGE 10 OF 38 PAGES


- ------ -------------------------------------------------------------------------
  1    NAME OF REPORTING PERSON
       S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

                John A. Genest

- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
  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                        5,888,749 shares

                        ----- --------------------------------------------------
                        ----- --------------------------------------------------
         EACH            7    SOLE DISPOSITIVE POWER
      REPORTING
        PERSON                         0 shares

                        ----- --------------------------------------------------
                        ----- --------------------------------------------------
         WITH            8    SHARED DISPOSITIVE POWER

                                       5,888,749 shares

- ----------------------- ----- --------------------------------------------------
- ------ -------------------------------------------------------------------------
  9    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                5,888,749 shares

- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
  10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]


- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
  11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

                48.9%

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

                IN

- ------ -------------------------------------------------------------------------


                      *SEE INSTRUCTIONS BEFORE FILLING OUT!


                               Page 10 of 38 Pages





CUSIP NO. 0008486231                 13G             PAGE 11 OF 38 PAGES


- ------ -------------------------------------------------------------------------
  1    NAME OF REPORTING PERSON
       S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

                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                        5,888,749 shares

                        ----- --------------------------------------------------
                        ----- --------------------------------------------------
         EACH            7    SOLE DISPOSITIVE POWER
      REPORTING
        PERSON                         0 shares

                        ----- --------------------------------------------------
                        ----- --------------------------------------------------
         WITH            8    SHARED DISPOSITIVE POWER

                                       5,888,749 shares

- ----------------------- ----- --------------------------------------------------
- ------ -------------------------------------------------------------------------
  9    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                5,888,749 shares

- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
  10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]


- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
  11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

                48.9%

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

                IN

- ------ -------------------------------------------------------------------------


                      *SEE INSTRUCTIONS BEFORE FILLING OUT!


                               Page 11 of 38 Pages





CUSIP NO. 0008486231                 13G             PAGE 12 OF 38 PAGES


- ------ -------------------------------------------------------------------------
  1    NAME OF REPORTING PERSON
       S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

                Ernest K. Jacquet

- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
  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                        5,888,749 shares

                        ----- --------------------------------------------------
                        ----- --------------------------------------------------
         EACH            7    SOLE DISPOSITIVE POWER
      REPORTING
        PERSON                         0 shares

                        ----- --------------------------------------------------
                        ----- --------------------------------------------------
         WITH            8    SHARED DISPOSITIVE POWER

                                       5,888,749 shares

- ----------------------- ----- --------------------------------------------------
- ------ -------------------------------------------------------------------------
  9    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                5,888,749 shares

- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
  10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]


- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
  11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

                48.9%

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

                IN

- ------ -------------------------------------------------------------------------


                      *SEE INSTRUCTIONS BEFORE FILLING OUT!


                               Page 12 of 38 Pages






CUSIP NO. 0008486231                 13G             PAGE 13 OF 38 PAGES


- ------ -------------------------------------------------------------------------
  1    NAME OF REPORTING PERSON
       S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

                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                        5,888,749 shares

                        ----- --------------------------------------------------
                        ----- --------------------------------------------------
         EACH            7    SOLE DISPOSITIVE POWER
      REPORTING
        PERSON                         0 shares

                        ----- --------------------------------------------------
                        ----- --------------------------------------------------
         WITH            8    SHARED DISPOSITIVE POWER

                                       5,888,749 shares

- ----------------------- ----- --------------------------------------------------
- ------ -------------------------------------------------------------------------
  9    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                5,888,749 shares

- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
  10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]


- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
  11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

                48.9%

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

                IN

- ------ -------------------------------------------------------------------------


                      *SEE INSTRUCTIONS BEFORE FILLING OUT!


                               Page 13 of 38 Pages






CUSIP NO. 0008486231                 13G             PAGE 14 OF 38 PAGES


- ------ -------------------------------------------------------------------------
  1    NAME OF REPORTING PERSON
       S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

                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                        5,888,749 shares

                        ----- --------------------------------------------------
                        ----- --------------------------------------------------
         EACH            7    SOLE DISPOSITIVE POWER
      REPORTING
        PERSON                         0 shares

                        ----- --------------------------------------------------
                        ----- --------------------------------------------------
         WITH            8    SHARED DISPOSITIVE POWER

                                       5,888,749 shares

- ----------------------- ----- --------------------------------------------------
- ------ -------------------------------------------------------------------------
  9    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                5,888,749 shares

- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
  10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]


- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
  11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

                48.9%

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

                IN

- ------ -------------------------------------------------------------------------


                      *SEE INSTRUCTIONS BEFORE FILLING OUT!


                               Page 14 of 38 Pages





CUSIP NO. 0008486231                 13G             PAGE 15 OF 38 PAGES


- ------ -------------------------------------------------------------------------
  1    NAME OF REPORTING PERSON
       S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

                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                        5,888,749 shares

                        ----- --------------------------------------------------
                        ----- --------------------------------------------------
         EACH            7    SOLE DISPOSITIVE POWER
      REPORTING
        PERSON                         0 shares

                        ----- --------------------------------------------------
                        ----- --------------------------------------------------
         WITH            8    SHARED DISPOSITIVE POWER

                                       5,888,749 shares

- ----------------------- ----- --------------------------------------------------
- ------ -------------------------------------------------------------------------
  9    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                5,888,749 shares

- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
  10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]


- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
  11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

                48.9%

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

                IN

- ------ -------------------------------------------------------------------------


                      *SEE INSTRUCTIONS BEFORE FILLING OUT!


                               Page 15 of 38 Pages






CUSIP NO. 0008486231                 13G             PAGE 16 OF 38 PAGES


- ------ -------------------------------------------------------------------------
  1    NAME OF REPORTING PERSON
       S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

                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                        5,888,749 shares

                        ----- --------------------------------------------------
                        ----- --------------------------------------------------
         EACH            7    SOLE DISPOSITIVE POWER
      REPORTING
        PERSON                         0 shares

                        ----- --------------------------------------------------
                        ----- --------------------------------------------------
         WITH            8    SHARED DISPOSITIVE POWER

                                       5,888,749 shares

- ----------------------- ----- --------------------------------------------------
- ------ -------------------------------------------------------------------------
  9    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                5,888,749 shares

- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
  10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]


- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
  11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

                48.9%

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

                PN

- ------ -------------------------------------------------------------------------


                      *SEE INSTRUCTIONS BEFORE FILLING OUT!


                               Page 16 of 38 Pages





CUSIP NO. 0008486231                 13G             PAGE 17 OF 38 PAGES


- ------ -------------------------------------------------------------------------
  1    NAME OF REPORTING PERSON
       S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

                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
      NUMBER OF
                                       0 shares
                        ----- --------------------------------------------------
                        ----- --------------------------------------------------
        SHARES           6    SHARED VOTING POWER
     BENEFICIALLY
       OWNED BY                        5,888,749 shares

                        ----- --------------------------------------------------
                        ----- --------------------------------------------------
         EACH            7    SOLE DISPOSITIVE POWER
      REPORTING
        PERSON                         0 shares

                        ----- --------------------------------------------------
                        ----- --------------------------------------------------
         WITH            8    SHARED DISPOSITIVE POWER

                                       5,888,749 shares

- ----------------------- ----- --------------------------------------------------
- ------ -------------------------------------------------------------------------
  9    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                5,888,749 shares
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
  10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
  11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

                48.9%
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
  12   TYPE OF REPORTING PERSON *

                PN
- ------ -------------------------------------------------------------------------


                      *SEE INSTRUCTIONS BEFORE FILLING OUT!


                               Page 17 of 38 Pages





CUSIP NO. 0008486231                 13G             PAGE 18 OF 38 PAGES


- ------ -------------------------------------------------------------------------
  1    NAME OF REPORTING PERSON
       S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

                Joseph F. Trustey
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
  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
      NUMBER OF
                                       0 shares
                        ----- --------------------------------------------------
                        ----- --------------------------------------------------
        SHARES           6    SHARED VOTING POWER
     BENEFICIALLY
       OWNED BY                        5,888,749 shares

                        ----- --------------------------------------------------
                        ----- --------------------------------------------------
         EACH            7    SOLE DISPOSITIVE POWER
      REPORTING
        PERSON                         0 shares

                        ----- --------------------------------------------------
                        ----- --------------------------------------------------
         WITH            8    SHARED DISPOSITIVE POWER

                                       5,888,749 shares

- ----------------------- ----- --------------------------------------------------
- ------ -------------------------------------------------------------------------
  9    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                5,888,749 shares
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
  10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
  11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

                48.9%
- ------ -------------------------------------------------------------------------
- ------ -------------------------------------------------------------------------
  12   TYPE OF REPORTING PERSON *

                IN
- ------ -------------------------------------------------------------------------


                               Page 18 of 38 Pages







                                  Schedule 13G
                                  ------------


Item 1(a).   Name of Issuer:  Splash Technology Holdings, Inc.

Item 1(b).   Address of Issuer's Principal Executive Offices:
             555 Del Rey Avenue, Sunnyvale, CA 94086

Item 2(a).   Names of Persons  Filing:   Summit  Ventures  IV, L.P., Summit
             Partners IV, L.P.,  Summit Investors III, L.P.,  Stamps,  Woodsum &
             Co. IV, 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,  John A.  Genest,  Martin J.
             Mannion,  Ernest K.  Jacquet,  Bruce R. Evans,  Thomas S.  Roberts,
             Walter G. Kortschak, and Joseph F. Trustey.

             Summit  Partners  IV,  L.P. is the sole  general  partner of Summit
             Ventures  IV,  L.P.  Stamps,  Woodsum & Co. IV is the sole  general
             partner of Summit Partners IV, L.P. Summit Partners SD, L.P. is the
             sole general partner of Summit Subordinated Debt Fund, L.P. Stamps,
             Woodsum and Co. III is the sole general  partner of Summit Partners
             SD, L.P. Messrs. Stamps, Woodsum, Avis, Genest,  Mannion,  Jacquet,
             Evans,  Roberts ,  Kortschak  and  Trustey are  individual  general
             partners of Stamps, Woodsum & Co. IV, Stamps, Woodsum & Co. III and
             of Summit Investors III, L.P.

Item  2(b).  Address of Principal  Business Office or, if None,  Residence:  The
             address of the  principal  business  office of Summit  Ventures IV,
             L.P., Summit Partners IV, L.P., Summit Investors III, L.P., Stamps,
             Woodsum & Co. IV , Stamps,  Woodsum & Co. III, Summit  Subordinated
             Debt Fund,  L.P.,  Summit  Partners  SD, L.P.  and Messrs.  Stamps,
             Woodsum,  Mannion,  Genest,  Jacquet, Evans, Roberts and Trustey 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 IV, L.P., Summit Partners IV,
             L.P. Summit  Investors III, 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.  Each of Stamps,
             Woodsum  & Co.  III  and  Stamps,  Woodsum  & Co.  IV is a  general
             partnership  organized  under  the  laws  of  the  Commonwealth  of
             Massachusetts.  Each of Messrs.  Stamps,  Woodsum,  Avis,  Mannion,
             Genest, Jacquet, Evans, Roberts,  Kortschak and Trustey is a United
             States citizen.

Item 2(d).   Title of Class of  Securities:  Common  Stock,  $.001 par value per
             share.

Item 2(e).   CUSIP Number:0008486231

Item 3.      If this statement is  filed  pursuant  to  Rules  13d-1(b), or
             13d-2(b), check whether the person filing is a:
                  

                              Page 19 of 38 Pages








             (a) [ ] Broker   or  Dealer  registered  under  Section 15  of  the
                     Securities Exchange Act of 1934 (the "Act").

             (b) [ ] Bank as defined in Section 3(a)(6) of the Act.

             (c) [ ] Insurance  Company as defined in Section  3(a)(19)  of  the
                     Act.

             (d) [ ] Investment  Company  registered  under  Section  8  of  the
                     Investment Company Act of 1940.

             (e) [ ] Investment  Adviser  registered  under  Section 203 of  the
                     Investment Advisers Act of 1940.

             (f) [ ] Employee  Benefit Plan,  Pension Fund  which is  subject to
                     the  provisions of the Employee  Retirement Income Security
                     Act of  1974 or Endowment Fund; see Rule 13d-1(b)(1)(ii)(F)
                     of the Act.

             (g) [ ] Parent   Holding   Company,   in   accordance   with   Rule
                     13d-1(b)(ii)(G) of the Act.

             (h) [ ] Group,  in accordance with Rule  13d-1(b)(1)(ii)(H)  of the
                     Act.

             Not Applicable.

Item 4.      Ownership.
             
             (a) Amount Beneficially Owned:

                 Each of Summit  Ventures  IV, L.P.,  Summit  Partners IV, L.P.,
                 Summit Investors III, L.P., Stamps,  Woodsum & Co. III, Stamps,
                 Woodsum & Co. IV, Summit  Subordinated  Debt Fund, L.P., Summit
                 Partners SD, L.P.,  (individually  an "Entity" and collectively
                 the  "Entities")  may be deemed to own  beneficially  5,888,749
                 shares of Common Stock as of December 31, 1996. Each of Messrs.
                 Stamps,   Woodsum,  Avis,  Mannion,   Genest,  Jacquet,  Evans,
                 Roberts,   Kortschak   and   Trustey   may  be  deemed  to  own
                 beneficially  5,888,749  shares of Common  Stock as of December
                 31, 1996.

                 As of December  31,  1996,  Summit  Ventures  IV, L.P.  was the
                 record  owner  of  5,254,812  shares  of  Common  Stock.  As of
                 December  31, 1996 Summit  Investors  III,  L.P. was the record
                 owner of 224,175  shares of Common  Stock.  As of December  31,
                 1996, Summit Subordinated Debt Fund, L.P. was the record holder
                 of 409,762 shares of Common Stock. The shares held of record by
                 Summit Ventures IV, L.P., Summit Investors III, L.P. and Summit
                 Subordinated   Debt  Fund,   L.P.   are   referred   to  herein
                 collectively as the "Record Shares." By virtue of the affiliate
                 relationships among the Entities,  each Entity may be deemed to
                 own beneficially all of the Record Shares.  Hence,  each Entity
                 may be deemed to own  beneficially  5,888,749  shares of Common
                 Stock. In their  capacities as individual  general  partners of
                 Stamps,  Woodsum & Co. III, Stamps, Woodsum & Co. IV and Summit
                 Investors III, L.P., each of Messrs. Stamps, Woodsum,


                               Page 20 of 38 Pages







                 Avis, Mannion,  Genest, Jacquet, Evans, Roberts,  Kortschak and
                 Trustey may be deemed to own  beneficially  5,888,749 shares of
                 Common Stock.

                 (b) Percent of Class:

                     Summit Ventures IV, L.P.:  48.9%
                     Summit Partners IV, L.P.:  48.9%
                     Summit Investors  II, L.P.:  48.9%
                     Summit Subordinated Debt Fund, L.P.:  48.9%
                     Summit Partners SD, L.P.:  48.9%
                     Stamps, Woodsum & Co. III:  48.9%
                     Stamps, Woodsum & Co. IV:  48.9%
                     E. Roe Stamps, IV:  48.9%
                     Stephen G. Woodsum:  48.9%
                     Gregory M. Avis:  48.9%
                     Martin J. Mannion:  48.9%
                     John A. Genest:  48.9%
                     Ernest K. Jacquet:  48.9%
                     Bruce R. Evans:  48.9%
                     Walter G. Kortschak:  48.9%
                     Thomas S. Roberts:  48.9%
                     Joseph F. Trustey: 48.9%

                     The  foregoing  percentages  are  calculated  based  on the
                     12,044,752   shares  of  Common   Stock   reported   to  be
                     outstanding  in an Annual  Report  on Form 10-K for  Splash
                     Technology  Holdings,   Inc.  for  the  fiscal  year  ended
                     September 30, 1996.

                 (c) Number of shares as to which such person has:

                     (i) sole power to vote or to direct the vote:

                         0 shares for each reporting person

                    (ii) shared power to vote or to direct the vote:

                         Summit Ventures IV, L.P.:  5,888,749 shares
                         Summit Partners IV, L.P.:  5,888,749 shares
                         Summit Investors III, L.P.:  5,888,749 shares
                         Summit Subordinated Debt Fund, L.P.: 5,888,749 shares
                         Summit Partners SD, L.P.:  5,888,749 shares
                         Stamps, Woodsum & Co. III:  5,888,749 shares
                         Stamps, Woodsum & Co. IV:  5,888,749 shares
                         E. Roe Stamps, IV:  5,888,749 shares
                         Stephen G. Woodsum:  5,888,749 shares
                         Gregory M. Avis:  5,888,749 shares


                              Page 21 of 38 Pages







                        Martin J. Mannion:  5,888,749 shares
                        John A. Genest:  5,888,749 shares
                        Ernest K. Jacquet:  5,888,749 shares
                        Bruce R. Evans:  5,888,749 shares
                        Walter G. Kortschak:  5,888,749 shares
                        Thomas S. Roberts:  5,888,749 shares
                        Joseph F. Trustey: 5,888,749 shares

                 (iii)  sole power to dispose or direct the disposition of:

                        0 shares for each reporting person

                  (iv)  shared power to dispose or direct the disposition of:

                        Summit Ventures IV, L.P.:  5,888,749 shares
                        Summit Partners IV, L.P.:  5,888,749 shares
                        Summit Investors III, L.P.:  5,888,749 shares
                        Summit Subordinated Debt Fund, L.P.:  5,888,749 shares
                        Summit Partners SD, L.P.:  5,888,749 shares
                        Stamps, Woodsum & Co. III:  5,888,749 shares
                        Stamps, Woodsum & Co. IV:  5,888,749 shares
                        E. Roe Stamps, IV:  5,888,749 shares
                        Stephen G. Woodsum:  5,888,749 shares
                        Gregory M. Avis:  5,888,749 shares
                        Martin J. Mannion:  5,888,749 shares
                        John A. Genest:  5,888,749 shares
                        Ernest K. Jacquet:  5,888,749 shares
                        Bruce R. Evans:  5,888,749 shares
                        Walter G. Kortschak:  5,888,749 shares
                        Thomas S. Roberts:  5,888,749 shares
                        Joseph F. Trustey: 5,888,749 shares


                     Each  of  the   reporting   persons   expressly   disclaims
                     beneficial  ownership  of any  shares  of  Common  Stock of
                     Splash  Technology  Holdings,  Inc.  except  in the case of
                     Summit Ventures IV, L.P., for the 5,254,812 shares which it
                     holds of record, in the case of Summit Investors III, L.P.,
                     for the 224,175  shares which it holds of record and in the
                     case  of  Summit  Subordinated  Debt  Fund,  L.P.,  for the
                     409,762 shares which it holds of record.

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.


                              Page 22 of 38 Pages








            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)(ii)(H).

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 23 of 38 Pages








                                   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 14, 1997

SUMMIT VENTURES IV, L.P.                          SUMMIT PARTNERS SD, L.P.

By:   Summit Partners IV, L.P.                    By: Stamps, Woodsum & Co. III

By:   Stamps, Woodsum & Co. IV
                                                  By:            *
                                                      -------------------------
                                                      E. Roe Stamps, IV
      By:         *                                   General Partner
          --------------------
          E. Roe Stamps, IV
          General Partner                         STAMPS, WOODSUM & CO. III


SUMMIT INVESTORS III, L.P.                        By:            *
                                                      -------------------------
                                                      E. Roe Stamps, IV
                                                      General Partner
By:  /s/ John A. Genest
     -------------------------     
     General Partner                              STAMPS, WOODSUM & CO. IV


SUMMIT PARTNERS IV, L.P.                          By:            *
                                                      -------------------------
                                                      E. Roe Stamps, IV
By:  Stamps, Woodsum & Co. IV                         General Partner


     By:            *
         ---------------------
         E. Roe Stamps, IV
         General Partner


SUMMIT SUBORDINATED DEBT FUND, L.P.

By:  Summit Partners SD, L.P.


     By:           *
         ---------------------
         E. Roe Stamps, IV
         General Partner


                               Page 24 of 38 Pages







                  *                                            *
        ----------------------                       -----------------------
        E. Roe Stamps, IV                             Stephen G. Woodsum


                  *                                            *
        ----------------------                        ----------------------
        Gregory M. Avis                               Martin J. Mannion


        /s/ John A. Genest                                     *
        ----------------------                        ----------------------
        John A. Genest                                Ernest K. Jacquet


                  *                                            *
        ----------------------                        ----------------------
        Bruce R. Evans                                Walter G. Kortschak


                  *                                            *
        ----------------------                        ----------------------
        Thomas S. Roberts                             Joseph F. Trustey




                                                      *By: /s/ John A. Genest
                                                           -----------------
                                                           John A. Genest,
                                                           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 25 of 38 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 Splash Technology Holdings, Inc.

      This  agreement  may be  executed in any number of  counterparts,  each of
which shall be deemed an original.

      EXECUTED this 14th day of February, 1997.

SUMMIT VENTURES IV, L.P.                          SUMMIT PARTNERS IV, L.P.

By: Summit Partners IV, L.P.                      By: Stamps, Woodsum & Co. IV

By: Stamps, Woodsum & Co. IV
                                                      By:          *
                                                          ---------------------
                                                          E. Roe Stamps, IV
      By:         *                                       General Partner
          ------------------
          E. Roe Stamps, IV
          General Partner
                                                  SUMMIT PARTNERS SD, L.P.

SUMMIT INVESTORS III, L.P.                        By: Stamps, Woodsum & Co. III


By: /s/ John A. Genest                             By:         *
    ------------------------                          -------------------------
    General Partner                                   E. Roe Stamps, IV


SUMMIT PARTNERS SUBORDINATED DEBT                 STAMPS, WOODSUM & CO. IV
FUND, L.P.

By: Stamps, Woodsum & Co. IV                      By:         *
                                                      -------------------------
                                                      E. Roe Stamps, IV
                                                      General Partner

By:          *
    ------------------------
    E. Roe Stamps, IV
    General Partner                               STAMPS, WOODSUM & CO. III


                                                  By:         *
                                                      -------------------------
                                                      E. Roe Stamps, IV
                                                      General Partner


                               Page 26 of 38 Pages








                  *                                            *
        ----------------------                       -----------------------
        E. Roe Stamps, IV                             Stephen G. Woodsum


                  *                                            *
        ----------------------                        ----------------------
        Gregory M. Avis                               Martin J. Mannion


        /s/ John A. Genest                                     *
        ----------------------                        ----------------------
        John A. Genest                                Ernest K. Jacquet


                  *                                            *
        ----------------------                        ----------------------
        Bruce R. Evans                                Walter G. Kortschak


                  *                                            *
        ----------------------                        ----------------------
        Thomas S. Roberts                             Joseph F. Trustey




                                                      *By: /s/ John A. Genest
                                                           -----------------
                                                           John A. Genest,
                                                           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 27 of 38 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 and John A. Genest 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., 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., Stamps,  Woodsum  International &
Co., 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., SW
Management Corp., Summit Management Co., Summit Subordinated Debt Fund II, L.P.,
and Summit Partners SD II, LLC, 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 28 of 38 Pages








     IN WITNESS  WHEREOF,  this Power of Attorney has been signed as of the 10th
day of February, 1997.

                                             /s/ E. Roe Stamps, IV
                                             -----------------------------------
                                             E. Roe Stamps, IV
   

Commonwealth of Massachusetts   )
                                ) ss:
County of Suffolk               )

    

     On this  10th day of  February,  1997,  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

                                               October 20, 2000
                                               ---------------------------------
                                               My Comission expires:



                               Page 29 of 38 Pages








     IN WITNESS  WHEREOF,  this Power of Attorney has been signed as of the 10th
day of February, 1997.

                                             /s/ Stephen G. Woodsum
                                             -----------------------------------
                                             Stephen G. Woodsum

Commonwealth of Massachusetts   )
                                ) ss:
County of Suffolk               )

    

     On this 10th day of February,  1997,  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                    
                                                                                
                                               October 20, 2000                 
                                               ---------------------------------
                                               My Comission expires:            
                                               


                               Page 30 of 38 Pages







     IN WITNESS  WHEREOF,  this Power of Attorney has been signed as of the 10th
day of February, 1997.

                                             /s/ Martin J. Mannion
                                             -----------------------------------
                                             Martin J. Mannion


Commonwealth of Massachusetts   )
                                ) ss:
County of Suffolk               )

    

     On this 10th day of February,  1997,  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                    
                                                                                
                                               October 20, 2000                 
                                               ---------------------------------
                                               My Comission expires:            
                                               


                               Page 31 of 38 Pages







     IN WITNESS  WHEREOF,  this Power of Attorney has been signed as of the 10th
day of February, 1997.

                                             /s/ John A. Genest
                                             -----------------------------------
                                             John A. Genest


Commonwealth of Massachusetts   )
                                ) ss:
County of Suffolk               )

    

     On this  10th day of  February,  1997,  before me  personally  came John A.
Genest,  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                    
                                                                                
                                               October 20, 2000                 
                                               ---------------------------------
                                               My Comission expires:            
                                               


                               Page 32 of 38 Pages







     IN WITNESS  WHEREOF,  this Power of Attorney  has been signed as of the 3rd
day of February, 1997.

                                             /s/ Gregory M. Avis
                                             -----------------------------------
                                             Gregory M. Avis


Commonwealth of Massachusetts   )
                                ) ss:
County of Suffolk               )

    

     On this 3rd day of February,  1997,  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/ Katherine C. Ely
                                               ---------------------------------
                                               Notary Public

                                               May 28, 2000
                                               ---------------------------------
                                               My Comission expires:



                               Page 33 of 38 Pages







     IN WITNESS  WHEREOF,  this Power of Attorney has been signed as of the 10th
day of February, 1997.

                                             /s/ Ernest K. Jacquet 
                                             -----------------------------------
                                             Ernest K. Jacquet


Commonwealth of Massachusetts   )
                                ) ss:
County of Suffolk               )

    

     On this 10th day of February,  1997,  before me  personally  came Ernest K.
Jacquet,  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                    
                                                                                
                                               October 20, 2000                 
                                               ---------------------------------
                                               My Comission expires:            


                               Page 34 of 38 Pages






 
     IN WITNESS  WHEREOF,  this Power of Attorney has been signed as of the 10th
day of February, 1997.

                                             /s/ Thomas S. Roberts
                                             -----------------------------------
                                             Thomas S. Roberts

Commonwealth of Massachusetts   )
                                ) ss:
County of Suffolk               )

    

     On this 10th day of February,  1997,  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                    
                                                                                
                                               October 20, 2000                 
                                               ---------------------------------
                                               My Comission expires:            
                                               


                               Page 35 of 38 Pages







     IN WITNESS  WHEREOF,  this Power of Attorney has been signed as of the 10th
day of February, 1997.

                                             /s/ Bruce R. Evans
                                             -----------------------------------
                                             Bruce R. Evans


Commonwealth of Massachusetts   )
                                ) ss:
County of Suffolk               )

    

     On this 10th day of  February,  1997,  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                    
                                                                                
                                               October 20, 2000                 
                                               ---------------------------------
                                               My Comission expires:            


                               Page 36 of 38 Pages







     IN WITNESS  WHEREOF,  this Power of Attorney  has been signed as of the 3rd
day of February, 1997.

                                             /s/ Walter G. Kortschak
                                             -----------------------------------
                                             Walter G. Kortschak


Commonwealth of Massachusetts   )
                                ) ss:
County of Suffolk               )

    

     On this 3rd day of  February,  1997,  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/ Katherine C. Ely             
                                               ---------------------------------
                                               Notary Public                    
                                                                                
                                               May 28, 2000                     
                                               ---------------------------------
                                               My Comission expires:            
                                               


                                  Page 37 of 38 Pages 

   




     IN WITNESS  WHEREOF,  this Power of Attorney has been signed as of the 10th
day of February, 1997.

                                             /s/ Joseph F. Trustey
                                             -----------------------------------
                                             Joseph F. Trustey


Commonwealth of Massachusetts   )
                                ) ss:
County of Suffolk               )

    

     On this 10th day of February,  1997,  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                    
                                                                                
                                               October 20, 2000                 
                                               ---------------------------------
                                               My Comission expires:            
                                               


                                  Page 38 of 38 Pages 

   



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