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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 6)
BOTTOMLINE TECHNOLOGIES (DE), INC.
(Name of Issuer)
COMMON STOCK, PAR VALUE $0.001 PER SHARE
(Title of Class of Securities)
101388106
(CUSIP Number)
THOMAS J. MURPHY
C/O GENERAL ATLANTIC SERVICE CORPORATION
3 PICKWICK PLAZA
GREENWICH, CONNECTICUT 06830
TEL. NO.: (203) 629-8600
(Name, Address and Telephone Number of
Person Authorized to Receive Notices
AND COMMUNICATIONS)
June 13, 2005
(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 which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), 1(f) or 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 Rule 13d-1(a) 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).
Page 1 of 16
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CUSIP NO. 101388106 Schedule 13D Page 2 of 16 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
General Atlantic LLC
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [_]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
Not Applicable
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e)
[_]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF SHARES
-0-
BENEFICIALLY ------------------------------------------------
8 SHARED VOTING POWER
OWNED BY
2,890,700
EACH ------------------------------------------------
9 SOLE DISPOSITIVE POWER
REPORTING
-0-
PERSON ------------------------------------------------
10 SHARED DISPOSITIVE POWER
WITH
2,890,700
--------------------------------------------------------------------------------
11 AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,890,700
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
[_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
16.6%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
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CUSIP NO. 101388106 Schedule 13D Page 3 of 16 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
General Atlantic Partners 74, L.P.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [_]
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3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
Not Applicable
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e)
[_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF SHARES
-0-
BENEFICIALLY ------------------------------------------------
8 SHARED VOTING POWER
OWNED BY
2,890,700
EACH ------------------------------------------------
9 SOLE DISPOSITIVE POWER
REPORTING
-0-
PERSON ------------------------------------------------
10 SHARED DISPOSITIVE POWER
WITH
2,890,700
--------------------------------------------------------------------------------
11 AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,890,700
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
[_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
16.6%
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14 TYPE OF REPORTING PERSON
PN
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CUSIP NO. 101388106 Schedule 13D Page 4 of 16 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
GapStar, LLC
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [_]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
Not Applicable
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e)
[_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF SHARES
-0-
BENEFICIALLY ------------------------------------------------
8 SHARED VOTING POWER
OWNED BY
2,890,700
EACH ------------------------------------------------
9 SOLE DISPOSITIVE POWER
REPORTING
-0-
PERSON ------------------------------------------------
10 SHARED DISPOSITIVE POWER
WITH
2,890,700
--------------------------------------------------------------------------------
11 AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,890,700
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
[_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
16.6%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
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CUSIP NO. 101388106 Schedule 13D Page 5 of 16 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
GAP Coinvestment Partners II, L.P.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [_]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
Not Applicable
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e)
[_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF SHARES
-0-
BENEFICIALLY ------------------------------------------------
8 SHARED VOTING POWER
OWNED BY
2,890,700
EACH ------------------------------------------------
9 SOLE DISPOSITIVE POWER
REPORTING
-0-
PERSON ------------------------------------------------
10 SHARED DISPOSITIVE POWER
WITH
2,890,700
--------------------------------------------------------------------------------
11 AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,890,700
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
[_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
16.6%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
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CUSIP NO. 101388106 Schedule 13D Page 6 of 16 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
GAPCO GmbH & Co. KG
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [_]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
Not Applicable
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e)
[_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Germany
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7 SOLE VOTING POWER
NUMBER OF SHARES
-0-
BENEFICIALLY ------------------------------------------------
8 SHARED VOTING POWER
OWNED BY
2,890,700
EACH ------------------------------------------------
9 SOLE DISPOSITIVE POWER
REPORTING
-0-
PERSON ------------------------------------------------
10 SHARED DISPOSITIVE POWER
WITH
2,890,700
--------------------------------------------------------------------------------
11 AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,890,700
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
[_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
16.6%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
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CUSIP NO. 101388106 Schedule 13D Page 7 of 16 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
GAPCO Management GmbH
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [_]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
Not Applicable
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e)
[_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Germany
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF SHARES
-0-
BENEFICIALLY ------------------------------------------------
8 SHARED VOTING POWER
OWNED BY
2,890,700
EACH ------------------------------------------------
9 SOLE DISPOSITIVE POWER
REPORTING
-0-
PERSON ------------------------------------------------
10 SHARED DISPOSITIVE POWER
WITH
2,890,700
--------------------------------------------------------------------------------
11 AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,890,700
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
[_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
16.6%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
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CUSIP NO. 101388106 Schedule 13D Page 8 of 16 Pages
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ITEM 1. SECURITY AND ISSUER.
This Amendment No. 6 ("Amendment No. 6") to Schedule 13D is
filed by the undersigned to amend and supplement the Schedule 13D, dated January
17, 2002, as amended by Amendment No. 1 thereto, dated March 14, 2003, as
amended by Amendment No. 2 thereto, dated March 21, 2003, as amended by
Amendment No. 3 thereto, dated March 28, 2003, as amended by Amendment No. 4
thereto, dated May 15, 2003, and as amended by Amendment No. 5 thereto, dated
November 17, 2004, with respect to the shares of Common Stock, par value $0.001
per share (the "Common Stock"), of Bottomline Technologies (de), Inc., a
Delaware corporation (the "Company"). The address of the principal executive
office of the Company is 325 Corporate Drive, Portsmouth, New Hampshire 03801.
ITEM 2. IDENTITY AND BACKGROUND.
Item 2 is hereby amended and restated in its entirety as
follows:
This statement is being filed by a group, as defined in Rule
13d-5 of the General Rules and Regulations under the Securities Exchange Act of
1934, as amended. The members of the group are General Atlantic LLC, a Delaware
limited liability company (f/k/a, General Atlantic Partners, LLC, "GA"), General
Atlantic Partners 74, L.P., a Delaware limited partnership ("GAP 74"), GapStar,
LLC, a Delaware limited liability company ("GapStar"), GAP Coinvestment Partners
II, L.P., a Delaware limited partnership ("GAPCO II"), GAPCO GmbH & Co. KG, a
German limited partnership ("KG"), and GAPCO Management GmbH, a German
corporation ("GmbH Management" and, collectively with GA, GAP 74, GapStar, GAPCO
II and KG, the "Reporting Persons"). The Reporting Persons (other than KG and
GmbH Management) are located at 3 Pickwick Plaza, Greenwich, Connecticut 06830.
KG and GmbH Management are located c/o General Atlantic Partners GmbH,
Koenigsallee 62, 40212 Duesseldorf, Germany. Each of the Reporting Persons is
engaged in acquiring, holding and disposing of interests in various companies
for investment purposes.
The general partner of GAP 74 is GA. GA is also the sole
member of GapStar. GmbH Management is the general partner of KG. The managing
directors of GA are Steven A. Denning, Peter L. Bloom, Mark F. Dzialga, Klaus
Esser, Vince Feng, William E. Ford, William O. Grabe, Abhay Havaldar, David C.
Hodgson, Braden R. Kelly, Rene M. Kern, Marc F. McMorris, Matthew Nimetz,
Franchon M. Smithson, Tom C. Tinsley, Phillip P. Trahanas and Florian
Wendelstadt (collectively, the "GA Managing Directors"). The general partners of
GAPCO II are the GA Managing Directors. The GA Managing Directors are authorized
and empowered to vote and dispose of the securities held by KG. Mr. Grabe serves
on the Board of Directors of the Company. The business address of each of the GA
Managing Directors (other than Messrs. Esser, Feng, Havaldar, Kelly, Tinsley and
Wendelstadt) is 3 Pickwick Plaza, Greenwich, Connecticut 06830. The business
address of Mr. Esser is Koenigsallee 62, 40212 Duesseldorf, Germany. The
business address of Mr. Feng is 18/F One International Finance Centre, 1 Harbour
View Street, Central Hong Kong. The business address of Mr. Havaldar is Room
222, The Taj Mahal Hotel, Apollo Bunder, Mumbai 400 001, India. The business
address of Mr. Kelly is 228 Hamilton Avenue, Palo Alto, California 94301. The
business address of Mr. Tinsley is 2401 Pennsylvania Avenue N.W., Washington,
DC, 20037. The business address of Mr. Wendelstadt is 83 Pall Mall, Sixth Floor,
London SW1Y 5ES, United Kingdom. Each of the GA Managing Directors, other than
Messrs. Esser, Havaldar, Kern and Wendelstadt, is a citizen of the United
States. Messrs. Esser, Kern and Wendelstadt are citizens of Germany, Mr. Feng is
a citizen of the United States and Taiwan, and Mr. Havaldar is a citizen of
India.
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CUSIP NO. 101388106 Schedule 13D Page 9 of 16 Pages
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The present principal occupation or employment of each of the GA Managing
Directors is as a managing director of GA.
None of the Reporting Persons and none of the above
individuals has, during the last five years, been (i) convicted in a criminal
proceeding (excluding traffic violations or similar misdemeanors) or (ii) a
party to a civil proceeding of a judicial or administrative body of competent
jurisdiction or subject to any judgment, decree or final order finding any
violation of federal or state securities laws or enjoining future violations of,
or prohibiting or mandating activities subject to, such laws.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
Unchanged.
ITEM 4. PURPOSE OF TRANSACTION.
Unchanged.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
Item 5 is hereby amended and restated in its entirety as
follows:
(a) As of the date hereof, GA, GAP 74, GapStar, GAPCO II, KG
and GmbH Management each own of record no shares of Common Stock, 2,377,845
shares of Common Stock, 185,762 shares of Common Stock, 323,391 shares of Common
Stock, 3,702 shares of Common Stock and no shares of Common Stock, respectively,
which represent approximately 0.0%, 13.7%, 1.0%, 1.9%, 0.0% and 0.0%,
respectively, of the Company's issued and outstanding shares of Common Stock. By
virtue of the fact that (i) the GA Managing Directors are also general partners
authorized and empowered to vote and dispose of the securities held by GAPCO II,
(ii) GA is the general partner of GAP 74 and the sole member of GapStar and
(iii) the GA Managing Directors are authorized and empowered to vote and dispose
of the securities held by KG, the Reporting Persons may be deemed to share
voting power and the power to direct the disposition of the shares of Common
Stock, which each owns of record. As of the date hereof, each of the Reporting
Persons may be deemed to own beneficially an aggregate of 2,890,700 shares of
Common Stock, or 16.6% of the Company's issued and outstanding shares of Common
Stock.
(b) Each of the Reporting Persons has the shared power to
direct the vote and the shared power to direct the disposition of the 2,890,700
shares of Common Stock that may be deemed to be owned beneficially by each of
them.
(c) Except as set forth in this paragraph (c), to the
knowledge of each of the Reporting Persons, none of the persons named in
response to paragraph (a) has effected any transactions in shares of Common
Stock during the past 60 days. In the aggregate, the sales set forth below
amount to over 1% of the shares of Common Stock outstanding as of June 2, 2005.
(i) GAP 74
DATE SHARES SOLD PRICE PER SHARE PROCEEDS
---- ----------- --------------- --------
6/13/2005 185,082 $14.400 $2,665,180.80
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CUSIP NO. 101388106 Schedule 13D Page 10 of 16 Pages
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(ii) GapStar
DATE SHARES SOLD PRICE PER SHARE PROCEEDS
---- ----------- --------------- --------
6/13/2005 14,459 $14.400 $208,209.60
(iii) GAPCO II
DATE SHARES SOLD PRICE PER SHARE PROCEEDS
---- ----------- --------------- --------
6/13/2005 25,171 $14.400 $362,462.40
(iv) KG
DATE SHARES SOLD PRICE PER SHARE PROCEEDS
---- ----------- --------------- --------
6/13/2005 288 $14.400 $4,147.20
(d) No person other than the persons listed is known to have
the right to receive or the power to direct the receipt of dividends from, or
the proceeds from the sale of, any securities owned by any member of the group.
(e) Not Applicable.
ITEM 6. CONTRACT, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIP WITH
RESPECT TO THE ISSUER.
Unchanged.
ITEM 7. MATERIALS TO BE FILED AS EXHIBITS.
Exhibit 1: Agreement relating to the filing of joint
acquisition statements as required by Rule
13d-1(k)(1) under the Securities Exchange Act
of 1934, as amended.
Exhibit 2: Power of Attorney dated January 4, 2005
appointing Thomas J. Murphy Attorney-in-Fact
for GA.
Exhibit 3: Power of Attorney dated January 4, 2005
appointing Thomas J. Murphy Attorney-in-Fact
for GAPCO II.
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CUSIP NO. 101388106 Schedule 13D Page 11 of 16 Pages
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SIGNATURES
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.
DATED JUNE 14, 2005
GENERAL ATLANTIC LLC
By: /s/ Thomas J. Murphy
-------------------------------
Name: Thomas J. Murphy
Title: Attorney-in-Fact
GENERAL ATLANTIC PARTNERS, 74 L.P.
By: General Atlantic LLC,
Its general partner
By: /s/ Thomas J. Murphy
-------------------------------
Name: Thomas J. Murphy
Title: Attorney-in-Fact
GAPSTAR, LLC
By: General Atlantic LLC,
Its sole member
By: /s/ Thomas J. Murphy
-------------------------------
Name: Thomas J. Murphy
Title: Attorney-in-Fact
GAP COINVESTMENT PARTNERS II, L.P.
By: /s/ Thomas J. Murphy
-------------------------------
Name: Thomas J. Murphy
Title: Attorney-in-Fact
GAPCO GMBH & CO. KG
By: GAPCO Management GmbH,
Its general partner
By: /s/ Matthew Nimetz
-------------------------------
Name: Matthew Nimetz
Title: Managing Director
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CUSIP NO. 101388106 Schedule 13D Page 12 of 16 Pages
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GAPCO MANAGEMENT GMBH
By: /s/ Matthew Nimetz
-------------------------------
Name: Matthew Nimetz
Title: Managing Director