-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, IeCjxO9sjHbOuyQw/ay5nrRFTCQSdpWyRO3tvss8dy/lCBUNFYlkyt9pLEAHjPgB lM5p9VDbprTDSMMPR7snxg== 0001072613-00-000155.txt : 20000215 0001072613-00-000155.hdr.sgml : 20000215 ACCESSION NUMBER: 0001072613-00-000155 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20000214 GROUP MEMBERS: BRUCE R. EVANS GROUP MEMBERS: E. ROE STAMPS, IV GROUP MEMBERS: GREGORY M. AVIS GROUP MEMBERS: JOSEPH F. TRUSTEY GROUP MEMBERS: KEVIN P. MOHAN GROUP MEMBERS: MARTIN J. MANNION GROUP MEMBERS: PETER Y. CHUNG GROUP MEMBERS: STAMPS, WOODSUM & CO.III GROUP MEMBERS: STEPHEN G. WOODSUM GROUP MEMBERS: SUMMIT ADVISORS FUND (QP), L.P. GROUP MEMBERS: SUMMIT ADVISORS FUND, L.P. GROUP MEMBERS: SUMMIT INVESTORS III LP GROUP MEMBERS: SUMMIT PARTNERS V, L.P. GROUP MEMBERS: SUMMIT PARTNERS, LLC GROUP MEMBERS: SUMMIT V COMPANION FUND, L.P. GROUP MEMBERS: SUMMIT VENTURES V, L.P. GROUP MEMBERS: THOMAS F. FARB GROUP MEMBERS: THOMAS S. ROBERTS GROUP MEMBERS: WALTER G. KORTSCHAK SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PRIVATE BUSINESS INC CENTRAL INDEX KEY: 0001069469 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] IRS NUMBER: 621453841 STATE OF INCORPORATION: TN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: SEC FILE NUMBER: 005-57329 FILM NUMBER: 537798 BUSINESS ADDRESS: STREET 1: 214 OVERLOOK COURT STREET 2: SUITE 120 CITY: BRENTWOOD STATE: TN ZIP: 37027 MAIL ADDRESS: STREET 1: 9010 OVERLOOK BLVD CITY: BRENTWOOD STATE: TN ZIP: 37027 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: SUMMIT INVESTORS III LP CENTRAL INDEX KEY: 0001032088 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: C/O SUMMIT PARTNERS STREET 2: 600 ATLANTIC AVE CITY: BOSTON STATE: MA ZIP: 02210 BUSINESS PHONE: 6178241000 MAIL ADDRESS: STREET 1: C/O SUMMIT PARTNERS STREET 2: 600 ATLANTIC AVE CITY: BOSTON STATE: MA ZIP: 02210 SC 13G 1 SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. )* Private Business, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, $.00 par value - -------------------------------------------------------------------------------- (Title of Class of Securities) 74267D10 - -------------------------------------------------------------------------------- (CUSIP Number) December 31, 1999 - -------------------------------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [ ] Rule 13d-1(b) [ ] Rule 13d-1(c) [X] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). Page 1 of 40 Pages - --------------------- ------------------- CUSIP NO. 74267D10 13G PAGE 2 OF 40 PAGES - --------------------- ------------------- ================================================================================ 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Summit Ventures V, 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 4,427,295 shares EACH ----------------------------------------------------- REPORTING 7 SOLE DISPOSITIVE POWER PERSON WITH: 0 shares ----------------------------------------------------- 8 SHARED DISPOSITIVE POWER 4,427,295 shares - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,427,295 shares - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES * [ ] - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 16.2% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON * PN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! - --------------------- ------------------- CUSIP NO. 74267D10 13G PAGE 3 OF 40 PAGES - --------------------- ------------------- ================================================================================ 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Summit V Companion 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 4,427,295 shares EACH ----------------------------------------------------- REPORTING 7 SOLE DISPOSITIVE POWER PERSON WITH: 0 shares ----------------------------------------------------- 8 SHARED DISPOSITIVE POWER 4,427,295 shares - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,427,295 shares - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES * [ ] - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 16.2% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON * PN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! - --------------------- ------------------- CUSIP NO. 74267D10 13G PAGE 4 OF 40 PAGES - --------------------- ------------------- ================================================================================ 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Summit Partners V, 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 4,427,295 shares EACH ----------------------------------------------------- REPORTING 7 SOLE DISPOSITIVE POWER PERSON WITH: 0 shares ----------------------------------------------------- 8 SHARED DISPOSITIVE POWER 4,427,295 shares - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,427,295 shares - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES * [ ] - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 16.2% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON * PN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! - --------------------- ------------------- CUSIP NO. 74267D10 13G PAGE 5 OF 40 PAGES - --------------------- ------------------- ================================================================================ 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Summit Partners, LLC - -------------------------------------------------------------------------------- 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 liability company - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 0 shares NUMBER OF ----------------------------------------------------- SHARES 6 SHARED VOTING POWER BENEFICIALLY OWNED BY 4,427,295 shares EACH ----------------------------------------------------- REPORTING 7 SOLE DISPOSITIVE POWER PERSON WITH: 0 shares ----------------------------------------------------- 8 SHARED DISPOSITIVE POWER 4,427,295 shares - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,427,295 shares - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES * [ ] - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 16.2% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON * CO ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! - --------------------- ------------------- CUSIP NO. 74267D10 13G PAGE 6 OF 40 PAGES - --------------------- ------------------- ================================================================================ 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Summit Advisors Fund (QP), 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 4,427,295 shares EACH ----------------------------------------------------- REPORTING 7 SOLE DISPOSITIVE POWER PERSON WITH: 0 shares ----------------------------------------------------- 8 SHARED DISPOSITIVE POWER 4,427,295 shares - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,427,295 shares - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES * [ ] - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 16.2% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON * PN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! - --------------------- ------------------- CUSIP NO. 74267D10 13G PAGE 7 OF 40 PAGES - --------------------- ------------------- ================================================================================ 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Summit Advisors 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 4,427,295 shares EACH ----------------------------------------------------- REPORTING 7 SOLE DISPOSITIVE POWER PERSON WITH: 0 shares ----------------------------------------------------- 8 SHARED DISPOSITIVE POWER 4,427,295 shares - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,427,295 shares - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES * [ ] - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 16.2% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON * PN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! - --------------------- ------------------- CUSIP NO. 74267D10 13G PAGE 8 OF 40 PAGES - --------------------- ------------------- ================================================================================ 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) 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 4,427,295 shares EACH ----------------------------------------------------- REPORTING 7 SOLE DISPOSITIVE POWER PERSON WITH: 0 shares ----------------------------------------------------- 8 SHARED DISPOSITIVE POWER 4,427,295 shares - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,427,295 shares - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES * [ ] - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 16.2% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON * PN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! - --------------------- ------------------- CUSIP NO. 74267D10 13G PAGE 9 OF 40 PAGES - --------------------- ------------------- ================================================================================ 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) E. Roe Stamps, IV - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP * (a)[ ] (b)[ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 0 shares NUMBER OF ----------------------------------------------------- SHARES 6 SHARED VOTING POWER BENEFICIALLY OWNED BY 4,427,295 shares EACH ----------------------------------------------------- REPORTING 7 SOLE DISPOSITIVE POWER PERSON WITH: 0 shares ----------------------------------------------------- 8 SHARED DISPOSITIVE POWER 4,427,295 shares - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,427,295 shares - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES * [ ] - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 16.2% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON * IN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! - --------------------- ------------------- CUSIP NO. 74267D10 13G PAGE 10 OF 40 PAGES - --------------------- ------------------- ================================================================================ 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Stephen G. Woodsum - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP * (a)[ ] (b)[ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 0 shares NUMBER OF ----------------------------------------------------- SHARES 6 SHARED VOTING POWER BENEFICIALLY OWNED BY 4,427,295 shares EACH ----------------------------------------------------- REPORTING 7 SOLE DISPOSITIVE POWER PERSON WITH: 0 shares ----------------------------------------------------- 8 SHARED DISPOSITIVE POWER 4,427,295 shares - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,427,295 shares - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES * [ ] - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 16.2% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON * IN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! - --------------------- ------------------- CUSIP NO. 74267D10 13G PAGE 11 OF 40 PAGES - --------------------- ------------------- ================================================================================ 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Gregory M. Avis - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP * (a)[ ] (b)[ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 0 shares NUMBER OF ----------------------------------------------------- SHARES 6 SHARED VOTING POWER BENEFICIALLY OWNED BY 4,427,295 shares EACH ----------------------------------------------------- REPORTING 7 SOLE DISPOSITIVE POWER PERSON WITH: 0 shares ----------------------------------------------------- 8 SHARED DISPOSITIVE POWER 4,427,295 shares - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,427,295 shares - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES * [ ] - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 16.2% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON * IN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! - --------------------- ------------------- CUSIP NO. 74267D10 13G PAGE 12 OF 40 PAGES - --------------------- ------------------- ================================================================================ 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Martin J. Mannion - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP * (a)[ ] (b)[ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 0 shares NUMBER OF ----------------------------------------------------- SHARES 6 SHARED VOTING POWER BENEFICIALLY OWNED BY 4,427,295 shares EACH ----------------------------------------------------- REPORTING 7 SOLE DISPOSITIVE POWER PERSON WITH: 0 shares ----------------------------------------------------- 8 SHARED DISPOSITIVE POWER 4,427,295 shares - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,427,295 shares - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES * [ ] - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 16.2% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON * IN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! - --------------------- ------------------- CUSIP NO. 74267D10 13G PAGE 13 OF 40 PAGES - --------------------- ------------------- ================================================================================ 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Bruce R. Evans - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP * (a)[ ] (b)[ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 0 shares NUMBER OF ----------------------------------------------------- SHARES 6 SHARED VOTING POWER BENEFICIALLY OWNED BY 4,427,295 shares EACH ----------------------------------------------------- REPORTING 7 SOLE DISPOSITIVE POWER PERSON WITH: 0 shares ----------------------------------------------------- 8 SHARED DISPOSITIVE POWER 4,427,295 shares - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,427,295 shares - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES * [ ] - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 16.2% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON * IN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! - --------------------- ------------------- CUSIP NO. 74267D10 13G PAGE 14 OF 40 PAGES - --------------------- ------------------- ================================================================================ 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Thomas S. Roberts - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP * (a)[ ] (b)[ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 0 shares NUMBER OF ----------------------------------------------------- SHARES 6 SHARED VOTING POWER BENEFICIALLY OWNED BY 4,427,295 shares EACH ----------------------------------------------------- REPORTING 7 SOLE DISPOSITIVE POWER PERSON WITH: 0 shares ----------------------------------------------------- 8 SHARED DISPOSITIVE POWER 4,427,295 shares - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,427,295 shares - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES * [ ] - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 16.2% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON * IN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! - --------------------- ------------------- CUSIP NO. 74267D10 13G PAGE 15 OF 40 PAGES - --------------------- ------------------- ================================================================================ 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Walter G. Kortschak - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP * (a)[ ] (b)[ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 0 shares NUMBER OF ----------------------------------------------------- SHARES 6 SHARED VOTING POWER BENEFICIALLY OWNED BY 4,427,295 shares EACH ----------------------------------------------------- REPORTING 7 SOLE DISPOSITIVE POWER PERSON WITH: 0 shares ----------------------------------------------------- 8 SHARED DISPOSITIVE POWER 4,427,295 shares - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,427,295 shares - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES * [ ] - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 16.2% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON * IN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! - --------------------- ------------------- CUSIP NO. 74267D10 13G PAGE 16 OF 40 PAGES - --------------------- ------------------- ================================================================================ 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) 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 0 shares NUMBER OF ----------------------------------------------------- SHARES 6 SHARED VOTING POWER BENEFICIALLY OWNED BY 4,427,295 shares EACH ----------------------------------------------------- REPORTING 7 SOLE DISPOSITIVE POWER PERSON WITH: 0 shares ----------------------------------------------------- 8 SHARED DISPOSITIVE POWER 4,427,295 shares - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,427,295 shares - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES * [ ] - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 16.2% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON * IN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! - --------------------- ------------------- CUSIP NO. 74267D10 13G PAGE 17 OF 40 PAGES - --------------------- ------------------- ================================================================================ 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Kevin P. Mohan - -------------------------------------------------------------------------------- 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 4,427,295 shares EACH ----------------------------------------------------- REPORTING 7 SOLE DISPOSITIVE POWER PERSON WITH: 0 shares ----------------------------------------------------- 8 SHARED DISPOSITIVE POWER 4,427,295 shares - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,427,295 shares - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES * [ ] - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 16.2% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON * IN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! - --------------------- ------------------- CUSIP NO. 74267D10 13G PAGE 18 OF 40 PAGES - --------------------- ------------------- ================================================================================ 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Peter Y. Chung - -------------------------------------------------------------------------------- 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 4,427,295 shares EACH ----------------------------------------------------- REPORTING 7 SOLE DISPOSITIVE POWER PERSON WITH: 0 shares ----------------------------------------------------- 8 SHARED DISPOSITIVE POWER 4,427,295 shares - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,427,295 shares - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES * [ ] - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 16.2% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON * IN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! - --------------------- ------------------- CUSIP NO. 74267D10 13G PAGE 19 OF 40 PAGES - --------------------- ------------------- ================================================================================ 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Thomas F. Farb - -------------------------------------------------------------------------------- 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 4,427,295 shares EACH ----------------------------------------------------- REPORTING 7 SOLE DISPOSITIVE POWER PERSON WITH: 0 shares ----------------------------------------------------- 8 SHARED DISPOSITIVE POWER 4,427,295 shares - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,427,295 shares - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES * [ ] - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 16.2% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON * IN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! Schedule 13G ------------ ITEM 1(A). NAME OF ISSUER: Private Business, Inc. ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 1055 Page Avenue, Fremont, CA 94538 ITEM 2(A). NAMES OF PERSONS FILING: Summit Ventures V, L.P., Summit Partners V, L.P., Summit Partners, LLC, Summit Companion Fund, L.P., Summit V Advisors Fund (QP), L.P., Summit V Advisors Fund, L.P., Summit Investors III, L.P. and Messrs. E. Roe Stamps, IV, Stephen G. Woodsum, Gregory M. Avis, Martin J. Mannion, Bruce R. Evans, Thomas S. Roberts, Walter G. Kortschak, Joseph F. Trustey, Kevin P. Mohan, Peter Y. Chung, and Thomas F. Farb. Summit Partners V, L.P. is the sole general partner of Summit Ventures V, L.P., Summit V Companion Fund, L.P., Summit V Advisors Fund (QP), L.P., and Summit V Advisors Fund, L.P. Summit Partners, LLC is the sole general partner of Summit Partners V, L.P. Messrs. Stamps, Woodsum, Avis, Mannion, Evans, Roberts, Kortschak, Trustey, Mohan, Chung and Farb are individual general partners of Summit Partners, LLC and 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 V, L.P., Summit Partners V, L.P., Summit Partners, LLC, Summit V Companion Fund, L.P., Summit V Advisors Fund (QP), L.P., Summit V Advisors Fund, L.P., Summit Investors III, L.P. and Messrs. Stamps, Woodsum, Mannion, Evans, Roberts, Trustey, Mohan, and Farb is Summit Partners, 600 Atlantic Avenue, Boston, Massachusetts 02210. The address of the principal business office of Messrs. Avis, Kortschak, and Chung is Summit Partners, 499 Hamilton Avenue, Palo Alto, California 94301. ITEM 2(C). CITIZENSHIP: Each of Summit Ventures V, L.P., Summit Partners V, L.P., Summit V Companion Fund, L.P., Summit V Advisors Fund (QP), L.P., Summit V Advisors Fund, L.P., Summit Investors III, L.P. is a limited partnership organized under the laws of the State of Delaware. Summit Partners, LLC is a limited liability company organized under the laws of the State of Delaware. Each of Messrs. Stamps, Woodsum, Avis, Mannion, Evans, Roberts, Kortschak, Trustey, Mohan, Chung and Farb is a United States citizen. ITEM 2(D). TITLE OF CLASS OF SECURITIES: Common Stock, $.00 par value per share. ITEM 2(E). CUSIP NUMBER: 74267D10 ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B), OR 13D-2(B), CHECK WHETHER THE PERSON FILING IS A: Not Applicable. Page 20 of 40 Pages ITEM 4. OWNERSHIP. (a) Amount Beneficially Owned: Each of Summit Ventures V, L.P., Summit Partners V, L.P., Summit Partners, LLC, Summit V Companion Fund, L.P., Summit V Advisors Fund (QP), L.P., Summit V Advisors Fund, L.P., Summit Investors III, L.P. (individually an "Entity" and collectively the "Entities") may be deemed to own beneficially 4,427,295 shares of Common Stock as of December 31, 1999. Each of Messrs. Stamps, Woodsum, Avis, Mannion, Evans, Roberts, Kortschak, Trustey, Mohan, Chung and Farb may be deemed to own beneficially 4,427,295 shares of Common Stock as of December 31, 1999. As of December 31, 1999, Summit Ventures V, L.P. was the record owner of 3,429,322 shares of Common Stock. As of December 31, 1999, Summit V Companion Fund, L.P. was the record owner of 573,432 shares of Common Stock. As of December 31, 1999, Summit V Advisors Fund (QP), L.P. was the record owner of 229,373 shares of Common Stock. As of December 31, 1999, Summit V Advisors Fund, L.P. was the record owner of 70,094 shares of Common Stock. As of December 31, 1999, Summit Investors III, L.P. was the record owner of 125,074 shares of Common Stock. The shares held of record by Summit Ventures V, L.P., Summit V Companion Fund, L.P., Summit V Advisors Fund (QP), L.P., Summit V Advisors Fund, L.P., and Summit Investors III, 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 4,427,295 shares of Common Stock. In their capacities as individual general partners of Summit Partners, LLC and Summit Investors III, L.P., each of Messrs. Stamps, Woodsum, Avis, Mannion, Evans, Roberts, Kortschak, Trustey, Mohan, Chung and Farb may be deemed to own beneficially 4,427,295 shares of Common Stock. Each of the reporting persons expressly disclaims beneficial ownership of any shares of Common Stock of Private Business, Inc., except in the case of Summit Ventures V, L.P. for the 3,429,322 shares which it holds of record, Summit V Companion Fund, L.P. for the 573,432 shares which it holds of record, Summit V Advisors Fund (QP), L.P. for the 229,373 shares which it holds of record, Summit V Advisors Fund, L.P. for the 70,094 shares which it holds of record and Summit Investors III, L.P. for the 125,074 shares which it holds of record. (b) Percent of Class: Summit Ventures V, L.P.: 16.2% Page 21 of 40 Pages Summit Partners V, L.P.: 16.2% Summit Partners, LLC: 16.2% Summit V Companion Fund, L.P.: 16.2% Summit V Advisors Fund (QP), L.P.: 16.2% Summit V Advisors Fund, L.P.: 16.2% Summit Investors III, L.P.: 16.2% E. Roe Stamps, IV: 16.2% Stephen G. Woodsum: 16.2% Gregory M. Avis: 16.2% Martin J. Mannion: 16.2% Bruce R. Evans: 16.2% Walter G. Kortschak: 16.2% Thomas S. Roberts: 16.2% Joseph F. Trustey: 16.2% Kevin P. Mohan: 16.2% Peter Y. Chung: 16.2% Thomas F. Farb: 16.2% The foregoing percentages are calculated based on the 27,353,784 shares of Common Stock reported to be outstanding in a Quarterly Report on Form 10-Q for Private Business, Inc. for the quarterly period ended September 30, 1999. (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 V, L.P.: 4,427,295 shares Summit Partners V, L.P.: 4,427,295 shares Summit Partners, LLC: 4,427,295 shares Summit V Companion Fund, L.P.: 4,427,295 shares Summit V Advisors Fund (QP), L.P.: 4,427,295 shares Summit V Advisors Fund, L.P.: 4,427,295 shares Summit Investors III, L.P.: 4,427,295 shares E. Roe Stamps, IV: 4,427,295 shares Stephen G. Woodsum: 4,427,295 shares Gregory M. Avis: 4,427,295 shares Martin J. Mannion: 4,427,295 shares Bruce R. Evans: 4,427,295 shares Walter G. Kortschak: 4,427,295 shares Thomas S. Roberts: 4,427,295 shares Joseph F. Trustey: 4,427,295 shares Page 22 of 40 Pages Kevin P. Mohan: 4,427,295 shares Peter Y. Chung: 4,427,295 shares Thomas F. Farb: 4,427,295 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 V, L.P.: 4,427,295 shares Summit Partners V, L.P.: 4,427,295 shares Summit Partners, LLC: 4,427,295 shares Summit V Companion Fund, L.P.: 4,427,295 shares Summit V Advisors Fund (QP), L.P.: 4,427,295 shares Summit V Advisors Fund, L.P.: 4,427,295 shares Summit Investors III, L.P.: 4,427,295 shares E. Roe Stamps, IV: 4,427,295 shares Stephen G. Woodsum: 4,427,295 shares Gregory M. Avis: 4,427,295 shares Martin J. Mannion: 4,427,295 shares Bruce R. Evans: 4,427,295 shares Walter G. Kortschak: 4,427,295 shares Thomas S. Roberts: 4,427,295 shares Joseph F. Trustey: 4,427,295 shares Kevin P. Mohan: 4,427,295 shares Peter Y. Chung: 4,427,295 shares Thomas F. Farb: 4,427,295 shares ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS. Not Applicable. ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON. Not Applicable. ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY. Not Applicable. ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP. Not Applicable. The reporting persons expressly disclaim membership in a "group" as defined in 13d-1(b)(1)(ii)(J). Page 23 of 40 Pages 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 24 of 40 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 11, 2000. SUMMIT VENTURES V, L.P. SUMMIT V COMPANION FUND, L.P. By: Summit Partners V, L.P. By: Summit Partners V, L.P. By: Summit Partners, LLC By: Summit Partners, LLC By: * By: * ----------------------- ----------------------- General Partner General Partner SUMMIT V ADVISORS FUND (QP), L.P. SUMMIT ADVISORS FUND, L.P. By: Summit Partners V, L.P. By: Summit Partners V, L.P. By: Summit Partners, LLC By: Summit Partners, LLC By: * By: * ----------------------- ----------------------- General Partner General Partner SUMMIT PARTNERS V, L.P. SUMMIT INVESTORS III, L.P. By: Summit Partners, LLC By: * ----------------------- By: * General Partner ----------------------- General Partner SUMMIT PARTNERS, LLC * --------------------------- By: * E. Roe Stamps ----------------------- General Partner * * - --------------------------- --------------------------- Stephen G. Woodsum Martin J. Mannion * * - --------------------------- --------------------------- Gregory M. Avis Bruce R. Evans Page 25 of 40 Pages * * - --------------------------- --------------------------- Walter G. Kortschak Thomas S. Roberts * * - --------------------------- --------------------------- Joseph F. Trustey Kevin P. Mohan * - --------------------------- Peter Y. Chung *By: /s/ Thomas F. Farb ---------------------- Thomas F. Farb On his own behalf and as 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 26 of 40 Pages EX-99.1 2 AGREEMENT 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 Private Business, Inc. This agreement may be executed in any number of counterparts, each of which shall be deemed an original. EXECUTED this 11 day of February, 2000. SUMMIT VENTURES V, L.P. SUMMIT V COMPANION FUND, L.P. By: Summit Partners V, L.P. By: Summit Partners V, L.P. By: Summit Partners, LLC By: Summit Partners, LLC By: * By: * ----------------------- ----------------------- General Partner General Partner SUMMIT V ADVISORS FUND (QP), L.P. SUMMIT ADVISORS FUND, L.P. By: Summit Partners V, L.P. By: Summit Partners V, L.P. By: Summit Partners, LLC By: Summit Partners, LLC By: * By: * ----------------------- ----------------------- General Partner General Partner SUMMIT PARTNERS V, L.P. SUMMIT INVESTORS III, L.P. By: Summit Partners, LLC By: * ----------------------- By: * General Partner ----------------------- General Partner SUMMIT PARTNERS, LLC * --------------------------- By: * E. Roe Stamps ----------------------- General Partner Page 27 of 40 Pages * * - --------------------------- --------------------------- Stephen G. Woodsum Martin J. Mannion * * - --------------------------- --------------------------- Gregory M. Avis Bruce R. Evans * * - --------------------------- --------------------------- Walter G. Kortschak Thomas S. Roberts * * - --------------------------- --------------------------- Joseph F. Trustey Kevin P. Mohan * - --------------------------- Peter Y. Chung *By: /s/ Thomas F. Farb ---------------------- Thomas F. Farb On his own behalf and as 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 28 of 40 Pages EX-99.2 3 POWER OF ATTORNEY EXHIBIT 2 --------- POWER OF ATTORNEY KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears below hereby constitutes and appoints each and any of E. Roe Stamps, IV, Stephen G. Woodsum, Gregory M. Avis, Walter G. Kortschak and Thomas F. Farb his true and lawful attorney-in-fact and agent, with full power of substitution and resubstitution, for him and in his name, place and stead, in any and all capacities (until revoked in writing) to sign any and all instruments, certificates and documents required to be executed on behalf of himself individually or on behalf of each or any of Summit Ventures, L.P., SP (1984), L.P. (f/k/a Summit Partners, L.P.), Stamps, Woodsum & Co., Summit Partners' Holdings, L.P., Summit Ventures II, L.P., Summit Partners II, L.P., Stamps, Woodsum & Co. II, SV Eurofund C.V., SV International, L.P., Summit Investors, L.P., Summit Investors II, L.P., Summit Investors III, L.P., Summit Ventures III, L.P., Summit Partners III, L.P., Stamps, Woodsum & Co. III, Summit Ventures IV, L.P., Summit Partners IV, L.P., Stamps, Woodsum & Co., IV, Summit Subordinated Debt Fund, L.P., Summit Partners SD, L.P., Summit E-Tek Holdings, LLC, SW Management Corp., Summit Partners, L.P., Summit Master Company, LLC, Summit Subordinated Debt Fund II, L.P., Summit Partners SD II, LLC, Summit Ventures V, L.P., Summit Partners V, L.P., Summit Partners, LLC, Summit V Advisors Fund, L.P., Summit V Advisors Fund (QP), L.P. and Summit V Companion Fund, L.P., pursuant to sections 13 and 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and any and all regulations promulgated thereunder, and to file the same, with all exhibits thereto, and any other documents in connection therewith, with the Securities and Exchange Commission, and with any other entity when and if such is mandated by the Exchange Act or by the By-laws of the National Association of Securities Dealers, granting unto said attorney-in-fact and agent full power and authority to do and perform each and every act and thing requisite and necessary fully to all intents and purposes as she might or could do in person thereby ratifying and confirming all that said attorney-in-fact and agent, or her substitute or substitutes, may lawfully do or cause to be done by virtue hereof. Page 29 of 40 Pages IN WITNESS WHEREOF, this Power of Attorney has been signed as of the 7th day of February, 2000. /s/ E. Roe Stamps, IV --------------------------- E. Roe Stamps, IV Commonwealth of Massachusetts ) ) ss: County of Suffolk ) On this 7th day of February, 2000, before me personally came E. Roe Stamps, IV, known to me to be the person described and who executed the foregoing instrument that he acknowledged that he executed the same. [Notary Seal] /s/ Cynthia R. Freedman --------------------------- Notary Public My Commission expires: October 20, 2000 ---------------- Page 30 of 40 Pages IN WITNESS WHEREOF, this Power of Attorney has been signed as of the 7th day of February, 2000. /s/ Stephen G. Woodsum --------------------------- Stephen G. Woodsum Commonwealth of Massachusetts ) ) ss: County of Suffolk ) On this 7th day of February, 2000, before me personally came Stephen G. Woodsum, known to me to be the person described and who executed the foregoing instrument that he acknowledged that he executed the same. [Notary Seal] /s/ Cynthia R. Freedman --------------------------- Notary Public My Commission expires: October 20, 2000 ---------------- Page 31 of 40 Pages IN WITNESS WHEREOF, this Power of Attorney has been signed as of the 7th day of February, 2000. /s/ Martin J. Mannion --------------------------- Martin J. Mannion Commonwealth of Massachusetts ) ) ss: County of Suffolk ) On this 7th day of February, 2000, before me personally came Martin J. Mannion, known to me to be the person described and who executed the foregoing instrument that he acknowledged that he executed the same. [Notary Seal] /s/ Cynthia R. Freedman --------------------------- Notary Public My Commission expires: October 20, 2000 ---------------- Page 32 of 40 Pages IN WITNESS WHEREOF, this Power of Attorney has been signed as of the 8th day of February, 2000. /s/ Gregory M. Avis --------------------------- Gregory M. Avis State of California ) ) ss: County of Santa Clara ) On this 8th day of February, 2000, before me personally came Gregory M. Avis, known to me to be the person described and who executed the foregoing instrument that he acknowledged that he executed the same. [Notary Seal] /s/ Cynthia R. Freedman --------------------------- Notary Public My Commission expires: October 20, 2000 --------------------------- Page 33 of 40 Pages IN WITNESS WHEREOF, this Power of Attorney has been signed as of the 7th day of February, 2000. /s/ Thomas S. Roberts --------------------------- Thomas S. Roberts Commonwealth of Massachusetts ) ) ss: County of Suffolk ) On this 7th day of February, 2000, before me personally came Thomas S. Roberts, known to me to be the person described and who executed the foregoing instrument that he acknowledged that he executed the same. [Notary Seal] /s/ Cynthia R. Freedman --------------------------- Notary Public My Commission expires: October 20, 2000 ---------------- Page 34 of 40 Pages IN WITNESS WHEREOF, this Power of Attorney has been signed as of the 7th day of February, 2000. /s/ Bruce R. Evans --------------------------- Bruce R. Evans Commonwealth of Massachusetts ) ) ss: County of Suffolk ) On this 7th day of February, 2000, before me personally came Bruce R. Evans, known to me to be the person described and who executed the foregoing instrument that he acknowledged that he executed the same. [Notary Seal] /s/ Cynthia R. Freedman --------------------------- Notary Public My Commission expires: October 20, 2000 ---------------- Page 35 of 40 Pages IN WITNESS WHEREOF, this Power of Attorney has been signed as of the 8th day of February, 2000. /s/ Walter G. Kortschak --------------------------- Walter G. Kortschak State of California ) ) ss: County of Santa Clara ) On this 8th day of February, 2000, before me personally came Walter G. Kortschak, known to me to be the person described and who executed the foregoing instrument that he acknowledged that he executed the same. [Notary Seal] /s/ Cynthia R. Freedman --------------------------- Notary Public My Commission expires: October 20, 2000 --------------------------- Page 36 of 40 Pages IN WITNESS WHEREOF, this Power of Attorney has been signed as of the 7th day of February, 2000. /s/ Joseph F. Trustey --------------------------- Joseph F. Trustey Commonwealth of Massachusetts ) ) ss: County of Suffolk ) On this 7th day of February, 2000, before me personally came Joseph F. Trustey, known to me to be the person described and who executed the foregoing instrument that he acknowledged that he executed the same. [Notary Seal] /s/ Cynthia R. Freedman --------------------------- Notary Public My Commission expires: October 20, 2000 ---------------- Page 37 of 40 Pages IN WITNESS WHEREOF, this Power of Attorney has been signed as of the 7th day of February, 2000. /s/ Kevin P. Mohan --------------------------- Kevin P. Mohan Commonwealth of Massachusetts ) ) ss: County of Suffolk ) On this 7th day of February, 2000, before me personally came Kevin P. Mohan, known to me to be the person described and who executed the foregoing instrument that he acknowledged that he executed the same. [Notary Seal] /s/ Cynthia R. Freedman --------------------------- Notary Public My Commission expires: October 20, 2000 ---------------- Page 38 of 40 Pages IN WITNESS WHEREOF, this Power of Attorney has been signed as of the 8th day of February, 2000. /s/ Peter Y. Chung --------------------------- Peter Y. Chung Commonwealth of Massachusetts ) ) ss: County of Suffolk ) On this 8th day of February, 2000, before me personally came Peter Y. Chung, known to me to be the person described and who executed the foregoing instrument that he acknowledged that he executed the same. [Notary Seal] /s/ Cynthia R. Freedman --------------------------- Notary Public My Commission expires: October 20, 2000 --------------------------- Page 39 of 40 Pages IN WITNESS WHEREOF, this Power of Attorney has been signed as of the 7th day of February, 2000. /s/ Thomas F. Farb --------------------------- Thomas F. Farb Commonwealth of Massachusetts ) ) ss: County of Suffolk ) On this 7th day of February, 2000, before me personally came Thomas F. Farb, known to me to be the person described and who executed the foregoing instrument that he acknowledged that he executed the same. [Notary Seal] /s/ Cynthia R. Freedman --------------------------- Notary Public My Commission expires: October 20, 2000 --------------------------- Page 40 of 40 Pages -----END PRIVACY-ENHANCED MESSAGE-----