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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. 5)
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)
NOVEMBER 16, 2004
(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 13
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CUSIP NO. 101388106 Schedule 13D Page 2 of 13 Pages
------------------------ ----------------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
General Atlantic Partners, LLC
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [_]
--------------------------------------------------------------------------------
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)
[_]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF SHARES
-0-
BENEFICIALLY ------------------------------------------------
8 SHARED VOTING POWER
OWNED BY
3,257,700
EACH ------------------------------------------------
9 SOLE DISPOSITIVE POWER
REPORTING
-0-
PERSON ------------------------------------------------
10 SHARED DISPOSITIVE POWER
WITH
3,257,700
--------------------------------------------------------------------------------
11 AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,257,700
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
[_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
18.3%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
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CUSIP NO. 101388106 Schedule 13D Page 3 of 13 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) [_]
--------------------------------------------------------------------------------
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)
[_]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF SHARES
-0-
BENEFICIALLY ------------------------------------------------
8 SHARED VOTING POWER
OWNED BY
3,257,700
EACH ------------------------------------------------
9 SOLE DISPOSITIVE POWER
REPORTING
-0-
PERSON ------------------------------------------------
10 SHARED DISPOSITIVE POWER
WITH
3,257,700
--------------------------------------------------------------------------------
11 AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,257,700
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
[_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
18.3%
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14 TYPE OF REPORTING PERSON
PN
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CUSIP NO. 101388106 Schedule 13D Page 4 of 13 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
3,257,700
EACH ------------------------------------------------
9 SOLE DISPOSITIVE POWER
REPORTING
-0-
PERSON ------------------------------------------------
10 SHARED DISPOSITIVE POWER
WITH
3,257,700
--------------------------------------------------------------------------------
11 AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,257,700
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
[_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
18.3%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
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CUSIP NO. 101388106 Schedule 13D Page 5 of 13 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
--------------------------------------------------------------------------------
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
3,257,700
EACH ------------------------------------------------
9 SOLE DISPOSITIVE POWER
REPORTING
-0-
PERSON ------------------------------------------------
10 SHARED DISPOSITIVE POWER
WITH
3,257,700
--------------------------------------------------------------------------------
11 AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,257,700
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
[_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
18.3%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
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CUSIP NO. 101388106 Schedule 13D Page 6 of 13 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
3,257,700
EACH ------------------------------------------------
9 SOLE DISPOSITIVE POWER
REPORTING
-0-
PERSON ------------------------------------------------
10 SHARED DISPOSITIVE POWER
WITH
3,257,700
--------------------------------------------------------------------------------
11 AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,257,700
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
[_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
18.3%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
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CUSIP NO. 101388106 Schedule 13D Page 7 of 13 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
3,257,700
EACH ------------------------------------------------
9 SOLE DISPOSITIVE POWER
REPORTING
-0-
PERSON ------------------------------------------------
10 SHARED DISPOSITIVE POWER
WITH
3,257,700
--------------------------------------------------------------------------------
11 AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,257,700
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
[_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
18.3%
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14 TYPE OF REPORTING PERSON
CO
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CUSIP NO. 101388106 Schedule 13D Page 8 of 13 Pages
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ITEM 1. SECURITY AND ISSUER.
This Amendment No. 5 ("Amendment No. 5") 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, and as amended by Amendment No. 4 thereto, dated
May 15, 2003, 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 Partners, LLC, a Delaware
limited liability company ("GAP"), 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 GAP, 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 GAP. GAP is also the sole member of
GapStar. GmbH Management is the general partner of KG. The managing members of
GAP 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 "GAP Managing Members"). The general partners of GAPCO II are
GAP Managing Members. The GAP Managing Members 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 GAP Managing
Members (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 GAP Managing Members, 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. The present principal occupation or employment of each of the GAP
Managing Members is as a managing member of GAP.
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CUSIP NO. 101388106 Schedule 13D Page 9 of 13 Pages
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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, GAP, GAP 74, GapStar, GAPCO II, KG and
GmbH Management each own of record no shares of Common Stock, 2,679,732 shares
of Common Stock, 209,347 shares of Common Stock, 364,449 shares of Common Stock,
4,172 shares of Common Stock and no shares of Common Stock, respectively, which
represent approximately 0.0%, 15.0%, 1.2%, 2.1%, 0.0% and 0.0%, respectively, of
the Company's issued and outstanding shares of Common Stock. By virtue of the
fact that (i) GAP Managing Members are also general partners authorized and
empowered to vote and dispose of the securities held by GAPCO II, (ii) GAP is
the general partner of GAP 74 and the sole member of GapStar and (iii) the GAP
Managing Members 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 3,257,700 shares of Common Stock, or
18.3% 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 3,257,700 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 October 31, 2004.
(i) GAP 74
DATE SHARES SOLD PRICE PER SHARE PROCEEDS
---- ----------- --------------- --------
11/03/2004 139,839 $9.776 $1,367,089.91
11/15/2004 16,452 $10.995 $180,889.74
11/16/2004 6,581 $10.895 $71,700.00
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CUSIP NO. 101388106 Schedule 13D Page 10 of 13 Pages
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(ii) GAPSTAR
DATE SHARES SOLD PRICE PER SHARE PROCEEDS
---- ----------- --------------- --------
11/03/2004 10,925 $9.776 $106,804.66
11/15/2004 1,285 $10.995 $14,128.58
11/16/2004 514 $10.895 $5,600.03
(iii) GAPCO II
DATE SHARES SOLD PRICE PER SHARE PROCEEDS
---- ----------- --------------- --------
11/03/2004 19,018 $9.776 $185,923.21
11/15/2004 2,237 $10.995 $24,595.82
11/16/2004 895 $10.895 $9,751.03
(iv) KG
DATE SHARES SOLD PRICE PER SHARE PROCEEDS
---- ----------- --------------- --------
11/03/2004 218 $9.776 $2,131.20
11/15/2004 26 $10.995 $285.87
11/16/2004 10 10.895 $108.95
(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.
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CUSIP NO. 101388106 Schedule 13D Page 11 of 13 Pages
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Exhibit 2: Power of Attorney dated January 4, 2004 appointing
Thomas J. Murphy Attorney-in-Fact for GAP.
Exhibit 3: Power of Attorney dated January 4, 2004 appointing
Thomas J. Murphy Attorney-in-Fact for GAPCO II.
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CUSIP NO. 101388106 Schedule 13D Page 12 of 13 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: November 17, 2004
GENERAL ATLANTIC PARTNERS, LLC
By: /s/ Thomas J. Murphy
------------------------------
Name: Thomas J. Murphy
Title: Attorney-in-Fact
GENERAL ATLANTIC PARTNERS, 74 L.P.
By: General Atlantic Partners, LLC,
Its general partner
By: /s/ Thomas J. Murphy
------------------------------
Name: Thomas J. Murphy
Title: Attorney-in-Fact
GAPSTAR, LLC
By: General Atlantic Partners, 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 13 of 13 Pages
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GAPCO MANAGEMENT GMBH
By: /s/ Matthew Nimetz
------------------------------
Name: Matthew Nimetz
Title: Managing Director