-----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, WLx5iBJZAcktNHn4mrpXxey0QK0kreeBrodplFkE9HZfipwGHGlejc8nBWxMRS9f dO7cbSy2Z7nveawpOwITeg== 0000950123-03-005344.txt : 20030506 0000950123-03-005344.hdr.sgml : 20030506 20030506105752 ACCESSION NUMBER: 0000950123-03-005344 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20030506 GROUP MEMBERS: DEVEN PAREKH GROUP MEMBERS: INSIGHT CAPITAL PARTNERS (CAYMAN) III LP GROUP MEMBERS: INSIGHT CAPITAL PARTNERS III CO-INVESTORS LP GROUP MEMBERS: INSIGHT VENTURE ASSOCIATES III LLC GROUP MEMBERS: JEFFREY HORING GROUP MEMBERS: JERRY MURDOCK GROUP MEMBERS: PETER SOBILOFF GROUP MEMBERS: SCOTT MAXWELL SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CLICK COMMERCE INC CENTRAL INDEX KEY: 0001107050 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 364088644 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-60183 FILM NUMBER: 03683406 BUSINESS ADDRESS: STREET 1: 200 E. RANDOLPH DR. STREET 2: SUITE 4900 CITY: CHICAGO STATE: IL ZIP: 60601 BUSINESS PHONE: 3123773110 MAIL ADDRESS: STREET 1: 200 E. RANDOLPH DR. STREET 2: SUITE 4900 CITY: CHICAGO STATE: IL ZIP: 60601 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: INSIGHT CAPITAL PARTNERS III LP CENTRAL INDEX KEY: 0001084676 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 527 MADISON AVENUE 10TH FLOOR STREET 2: STE 2300 CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2122909200 MAIL ADDRESS: STREET 1: 527 MADISON AVENUE 10TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 SC 13D/A 1 y85678sc13dza.txt AMENDMENT NO. 2 TO SCHEDULE 13D Schedule 13D Page 1 of 15 SEC 1746 POTENTIAL PERSONS WHO ARE TO RESPOND TO THE COLLECTION OF (11-02) INFORMATION CONTAINED IN THIS FORM ARE NOT REQUIRED TO RESPOND UNLESS THE FORM DISPLAYS A CURRENTLY VALID OMB CONTROL NUMBER. UNITED STATES OMB APPROVAL SECURITIES AND EXCHANGE COMMISSION ------------------------ WASHINGTON, D.C. 20549 OMB Number: 3235-0145 Expires: 12/31/2005 Estimated average burden SCHEDULE 13D hours per response 11 UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 2) Click Commerce, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock with par value of $.001 per share - -------------------------------------------------------------------------------- (Title of Class of Securities) 18681D-10-9 - -------------------------------------------------------------------------------- (CUSIP Number) Deven Parekh Insight Venture Associates III, LLC 680 Fifth Avenue New York, New York 10019 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) May 2, 2003 - -------------------------------------------------------------------------------- (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.[ ] NOTE: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Section 240.13d-7 for other parties to whom copies are to be sent. *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). Schedule 13D Page 2 of 15 CUSIP No. 18681D-10-9 - -------------------------------------------------------------------------------- 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Insight Venture Associates III, LLC - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [X] (b) [ ] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Source of Funds (See Instructions) WC, BK - -------------------------------------------------------------------------------- 5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) - -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization Insight Venture Associates III, LLC is organized under the laws of the State of Delaware - -------------------------------------------------------------------------------- Number of Shares 7. Sole Voting Power 0 Beneficially --------------------------------------------------------- Owned by Each 8. Shared Voting Power 1,524,169* Reporting Person --------------------------------------------------------- With 9. Sole Dispositive Power 0 --------------------------------------------------------- 10. Shared Dispositive Power 1,524,169* - -------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person 1,524,169* - -------------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) - -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) 18.8% - -------------------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions) OO - -------------------------------------------------------------------------------- * The Issuer's records reflect that certain affiliates of Insight Venture Associates III, LLC beneficially own an aggregate of 1,523,331 shares of the Issuer's Common Stock, a difference of 838 shares. The Reporting Persons are attempting to reconcile this difference with the Issuer. Schedule 13D Page 3 of 15 CUSIP No. 18681D-10-9 - -------------------------------------------------------------------------------- 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Insight Capital Partners III, L.P. - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [X] (b) [ ] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Source of Funds (See Instructions) WC, BK - -------------------------------------------------------------------------------- 5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) - -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization Insight Capital Partners III, L.P. is organized under the laws of the State of Delaware - -------------------------------------------------------------------------------- Number of Shares 7. Sole Voting Power 1,071,092 Beneficially ----------------------------------------------------------- Owned by Each 8. Shared Voting Power 0 Reporting Person ----------------------------------------------------------- With 9. Sole Dispositive Power 1,071,092 ----------------------------------------------------------- 10. Shared Dispositive Power 0 - -------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person 1,071,092 - -------------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) - -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) 13.2% - -------------------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions) PN - -------------------------------------------------------------------------------- Schedule 13D Page 4 of 15 CUSIP No. 18681D-10-9 - -------------------------------------------------------------------------------- 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Insight Capital Partners III Co-Investors, L.P. - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [X] (b) [ ] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Source of Funds (See Instructions) WC, BK - -------------------------------------------------------------------------------- 5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) - -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization Insight Capital Partners III Co-Investors, L.P. is organized under the laws of the State of Delaware - -------------------------------------------------------------------------------- Number of Shares 7. Sole Voting Power 187,748 Beneficially -------------------------------------------------------- Owned by Each 8. Shared Voting Power 0 Reporting Person -------------------------------------------------------- With 9. Sole Dispositive Power 187,748 -------------------------------------------------------- 10. Shared Dispositive Power 0 - -------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person 187,748 - -------------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) - -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) 2.3% - -------------------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions) PN - -------------------------------------------------------------------------------- Schedule 13D Page 5 of 15 CUSIP No. 18681D-10-9 - -------------------------------------------------------------------------------- 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Insight Capital Partners (Cayman) III, L.P. - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [X] (b) [ ] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Source of Funds (See Instructions) WC, BK - -------------------------------------------------------------------------------- 5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) - -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization Insight Capital Partners (Cayman) III, L.P. is organized under the laws of the Cayman Islands. - -------------------------------------------------------------------------------- Number of Shares 7. Sole Voting Power 265,329 Beneficially ------------------------------------------------------------ Owned by Each 8. Shared Voting Power 0 Reporting Person ------------------------------------------------------------ With 9. Sole Dispositive Power 265,329 ------------------------------------------------------------ 10. Shared Dispositive Power 0 - -------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person 265,329 - -------------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) - -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) 3.3% - -------------------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions) PN - -------------------------------------------------------------------------------- Schedule 13D Page 6 of 15 CUSIP No. 18681D-10-9 - -------------------------------------------------------------------------------- 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Jeffrey Horing - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [X] (b) [ ] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Source of Funds (See Instructions) PF, BK - -------------------------------------------------------------------------------- 5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) - -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization USA - -------------------------------------------------------------------------------- Number of Shares 7. Sole Voting Power 9,523 Beneficially ---------------------------------------------------------- Owned by Each 8. Shared Voting Power 1,524,169 Reporting Person ---------------------------------------------------------- With 9. Sole Dispositive Power 9,523 ---------------------------------------------------------- 10. Shared Dispositive Power 1,524,169 - -------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person 1,533,692 - -------------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) - -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) 19.0% - -------------------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions) IN - -------------------------------------------------------------------------------- Schedule 13D Page 7 of 15 - -------------------------------------------------------------------------------- CUSIP No. 18681D-10-9 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Scott Maxwell - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [X] (b) [ ] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Source of Funds (See Instructions) PF, BK - -------------------------------------------------------------------------------- 5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) - -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization USA - -------------------------------------------------------------------------------- Number of Shares 7. Sole Voting Power 0 Beneficially ------------------------------------------------------------- Owned by Each 8. Shared Voting Power 1,524,169 Reporting Person ------------------------------------------------------------- With 9. Sole Dispositive Power 0 ------------------------------------------------------------- 10. Shared Dispositive Power 1,524,169 - -------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person 1,524,169 - -------------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) - -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) 18.8% - -------------------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions) IN - -------------------------------------------------------------------------------- Schedule 13D Page 8 of 15 CUSIP No. 18681D-10-9 - -------------------------------------------------------------------------------- 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Jerry Murdock - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [X] (b) [ ] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Source of Funds (See Instructions) PF, BK - -------------------------------------------------------------------------------- 5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) - -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization USA - -------------------------------------------------------------------------------- Number of Shares 7. Sole Voting Power 45,183 Beneficially -------------------------------------------------------- Owned by Each 8. Shared Voting Power 1,524,169 Reporting Person -------------------------------------------------------- With 9. Sole Dispositive Power 45,183 -------------------------------------------------------- 10. Shared Dispositive Power 1,524,169 - ------------------------------------------------------------------------------ 11. Aggregate Amount Beneficially Owned by Each Reporting Person 1,569,352 - -------------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) - -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) 19.4% - -------------------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions) IN - -------------------------------------------------------------------------------- Schedule 13D Page 9 of 15 CUSIP No. 18681D-10-9 - -------------------------------------------------------------------------------- 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Deven Parekh - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [X] (b) [ ] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Source of Funds (See Instructions) PF, BK - -------------------------------------------------------------------------------- 5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) - -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization USA - -------------------------------------------------------------------------------- Number of Shares 7. Sole Voting Power 0 Beneficially -------------------------------------------------------- Owned by Each 8. Shared Voting Power 1,524,169 Reporting Person -------------------------------------------------------- With 9. Sole Dispositive Power 0 -------------------------------------------------------- 10. Shared Dispositive Power 1,524,169 - -------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person 1,524,169 - -------------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) - -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) 18.8% - -------------------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions) IN - -------------------------------------------------------------------------------- Schedule 13D Page 10 of 15 CUSIP No. 18681D-10-9 - -------------------------------------------------------------------------------- 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Peter Sobiloff - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [X] (b) [ ] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Source of Funds (See Instructions) PF, BK - -------------------------------------------------------------------------------- 5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) - -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization USA - -------------------------------------------------------------------------------- Number of Shares 7. Sole Voting Power 9,523 Beneficially ------------------------------------------------------ Owned by Each 8. Shared Voting Power 1,524,169 Reporting Person ------------------------------------------------------ With 9. Sole Dispositive Power 9,523 ------------------------------------------------------ 10. Shared Dispositive Power 1,524,169 - ------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person 1,533,692 - -------------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) - -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) 19.0% - -------------------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions) IN - -------------------------------------------------------------------------------- Schedule 13D Page 11 of 15 Preliminary Note: The information contained in this Schedule 13D has been amended to reflect a letter from an affiliate of the Reporting Persons withdrawing its proposal regarding a potential merger transaction with the Issuer. ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION Item 3 has been amended and restated to read as follows: On April 9, 2003, Insight Venture Management, LLC ("Insight Management"), an affiliate of the Reporting Persons, delivered to the Issuer a non-binding term sheet (the "Term Sheet") regarding the proposed merger (the "Merger") of the Issuer and an affiliate of Insight Management (the "Purchaser"). Pursuant to the Merger, a wholly-owned subsidiary of the Purchaser would merge with and into the Issuer, such that Issuer would become a wholly-owned subsidiary of Purchaser, and the stockholders of Issuer would exchange their shares of Common Stock for cash at $3.55 per share of Common Stock. On May 2, 2003, Insight Management delivered to the Issuer a letter (the "Withdrawal Letter") withdrawing its Merger proposal. Any references to or descriptions of the Merger and the Withdrawal Letter are qualified in their entirety by reference to the Term Sheet and Withdrawal Letter, copies of which are filed as Exhibit 99.1 and Exhibit 99.3 hereto, respectively, and each is incorporated by reference into this Item 3. It was contemplated that the funds to have been used by the Insight Entity Reporting Persons for the Merger would have been obtained from the Insight Entity Reporting Persons' contributed capital funds or from additional sources such as banks or third-party investors. ITEM 4: PURPOSE OF TRANSACTION Item 4 has been amended and restated to read as follows: The purpose of the Merger was to enable one or more of the Insight Entity Reporting Persons or their affiliates to acquire all of the outstanding Common Stock of the Issuer, subject to the terms and conditions set forth in the Term Sheet. Any references to or descriptions of the Merger are qualified in their entirety by reference to the Term Sheet, which is incorporated by reference herein in its entirety. Subject to the factors discussed below, the Reporting Persons may purchase additional shares of Common Stock, or rights to purchase shares of Common Stock, through open market or privately negotiated transactions, or otherwise, depending upon existing market conditions, the price and availability of such shares or rights and other considerations. The Reporting Persons intend to review on a continuing basis various factors relating to each Reporting Person's investment in Issuer, including but not limited to Issuer's business and prospects, the price and availability of Issuer's securities, subsequent developments affecting Issuer, other investment and business opportunities available to the Reporting Persons, the Reporting Persons' general investment and trading policies, market conditions, or other factors. Based on these factors, the Reporting Persons may at any time decide to purchase additional securities of Issuer and may determine to sell all or part of their investment in Issuer. Other than as indicated above, the Reporting Persons have no other present plans or proposals which relate to or would result in any of the following: (i) the acquisition of additional securities of Issuer, or the disposition of securities of the Issuer; (ii) an extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving Issuer or any of its subsidiaries; (iii) a sale or transfer of a material amount of assets of Issuer or any of its subsidiaries; (iv) any change in the present Board of Directors or management of Issuer, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on Issuer's Board of Directors; (v) any material change in the present capitalization or dividend policy of Issuer; (vi) any other material change in the Issuer's business or corporate structure; (vii) any change in Issuer's charter, bylaws or instruments corresponding thereto or other actions which may impede the acquisition of control of Issuer by any person; (viii) causing a class of securities of Issuer to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association; (ix) a class of equity securities of Issuer becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Exchange Act; or (x) any action similar to any of those enumerated in the foregoing clauses (i) through (ix). The Reporting Persons do, however, reserve the right in the future to adopt such plans or proposals subject to compliance with applicable regulatory requirements. Schedule 13D Page 12 of 15 ITEM 7. MATERIAL TO BE FILED AS EXHIBITS Item 7 has been amended and restated to read as follows: Exhibit 99.1: Letter and Term Sheet, dated as of April 9, 2003, by Insight Venture Management, LLC to Click Commerce, Inc. (incorporated by reference to Exhibit 99.1 of the Issuer's Statement on Schedule 13D (Amendment No.1) filed with the Securities and Exchange Commission on April 15, 2003) Exhibit 99.2: Confidentiality Agreement, dated as of March 14, 2003, by and between Click Commerce, Inc. and Insight Venture Management, LLC (incorporated by reference to Exhibit 99.2 of the Issuer's Statement on Schedule 13D (Amendment No.1) filed with the Securities and Exchange Commission on April 15, 2003) Exhibit 99.3: Withdrawal Letter, dated as of May 2, 2003, by Insight Venture Management, LLC to Click Commerce, Inc. Schedule 13D Page 13 of 15 SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. INSIGHT VENTURE ASSOCIATES III, LLC May 6, 2003 - -------------------------------------------------------------------------------- Date /s/ Deven Parekh - -------------------------------------------------------------------------------- Signature Deven Parekh/Managing Member - -------------------------------------------------------------------------------- Name/Title INSIGHT CAPITAL PARTNERS III, L.P. May 6, 2003 - -------------------------------------------------------------------------------- Date /s/ Deven Parekh - -------------------------------------------------------------------------------- Signature Deven Parekh/Managing Member - -------------------------------------------------------------------------------- Name/Title INSIGHT CAPITAL PARTNERS III CO-INVESTORS, L.P. May 6, 2003 - -------------------------------------------------------------------------------- Date /s/ Deven Parekh - -------------------------------------------------------------------------------- Signature Deven Parekh/Managing Member - -------------------------------------------------------------------------------- Name/Title INSIGHT CAPITAL PARTNERS (CAYMAN) III, L.P. May 6, 2003 - -------------------------------------------------------------------------------- Date /s/ Deven Parekh - -------------------------------------------------------------------------------- Signature Deven Parekh/Managing Member - -------------------------------------------------------------------------------- Name/Title Schedule 13D Page 14 of 15 JEFFREY HORING May 6, 2003 - -------------------------------------------------------------------------------- Date * - -------------------------------------------------------------------------------- Signature Jeffrey Horing - -------------------------------------------------------------------------------- Name/Title SCOTT MAXWELL May 6, 2003 - -------------------------------------------------------------------------------- Date * - -------------------------------------------------------------------------------- Signature Scott Maxwell - -------------------------------------------------------------------------------- Name/Title JERRY MURDOCK May 6, 2003 - -------------------------------------------------------------------------------- Date * - -------------------------------------------------------------------------------- Signature Jerry Murdock - -------------------------------------------------------------------------------- Name/Title DEVEN PAREKH May 6, 2003 - -------------------------------------------------------------------------------- Date /s/ Deven Parekh - -------------------------------------------------------------------------------- Signature Deven Parekh - -------------------------------------------------------------------------------- Name/Title Schedule 13D Page 15 of 15 PETER SOBILOFF May 6, 2003 - -------------------------------------------------------------------------------- Date * - -------------------------------------------------------------------------------- Signature Peter Sobiloff - -------------------------------------------------------------------------------- Name/Title *BY: /s/ Deven Parekh --------------------------------------- Deven Parekh ATTORNEY-IN-FACT EX-99.3 3 y85678exv99w3.txt WITHDRAWAL LETTER May 2, 2003 CONFIDENTIAL - ---------------- Michael W. Nelson Vice President and Chief Financial Officer Click Commerce, Inc. 200 East Randolph Drive Suite 4900 Chicago, Illinois 60601 Mark A. Harris McDermott, Will & Emery 227 West Monroe Street Chicago, Illinois 60606 Board of Directors Click Commerce, Inc. 200 East Randolph Drive Suite 4900 Chicago, Illinois 60601 Dear Sirs and Madam: This is to notify you that Insight Venture Management, LLC (together with its affiliates, "Insight") is withdrawing its offer of April 9, 2003 regarding a proposed merger transaction between Insight and Click Commerce, Inc. ("Click Commerce"). Please note that this letter shall also serve as written notification to you under that certain confidentiality letter, dated as of March 14, 2003 between Click Commerce and Insight (the "Confidentiality Letter"), that Insight has decided not to pursue a transaction as contemplated by the Confidentiality Letter. We thank you for your consideration. Sincerely, INSIGHT VENTURE MANAGEMENT, LLC By: /s/ Deven Parekh --------------------------- Deven Parekh Managing Director -----END PRIVACY-ENHANCED MESSAGE-----