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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. 2)
OPEN TEXT CORPORATION
(Name of Issuer)
COMMON SHARES, NO PAR VALUE
(Title of Class of Securities)
683715106
(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)
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November 22, 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).
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683715106 Page 2 of 11
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NAME OF REPORTING PERSON
1) 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
OO
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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
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7 SOLE VOTING POWER
NUMBER OF -0-
SHARES ------------------------------------------------
BENEFICIALLY OWNED BY EACH 8 SHARED VOTING POWER
REPORTING
PERSON 2,349,813
WITH ------------------------------------------------
9 SOLE DISPOSITIVE POWER
-0-
------------------------------------------------
10 SHARED DISPOSITIVE POWER
2,349,813
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11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,349,813
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12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
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13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.8%
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14) TYPE OF REPORTING PERSON
OO
683715106 Page 3 of 11
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NAME OF REPORTING PERSON
1) S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
GAP (Bermuda) Limited
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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
OO
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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
Bermuda
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7 SOLE VOTING POWER
NUMBER OF -0-
SHARES ------------------------------------------------
BENEFICIALLY OWNED BY EACH 8 SHARED VOTING POWER
REPORTING
PERSON 2,349,813
WITH ------------------------------------------------
9 SOLE DISPOSITIVE POWER
-0-
------------------------------------------------
10 SHARED DISPOSITIVE POWER
2,349,813
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11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,349,813
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
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13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.8%
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14) TYPE OF REPORTING PERSON
CO
683715106 Page 4 of 11
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NAME OF REPORTING PERSON
1) S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
General Atlantic Partners (Bermuda), 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
OO
--------------------------------------------------------------------------------
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
Bermuda
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7 SOLE VOTING POWER
NUMBER OF -0-
SHARES ------------------------------------------------
BENEFICIALLY OWNED BY EACH 8 SHARED VOTING POWER
REPORTING
PERSON 2,349,813
WITH ------------------------------------------------
9 SOLE DISPOSITIVE POWER
-0-
------------------------------------------------
10 SHARED DISPOSITIVE POWER
2,349,813
--------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,349,813
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.8%
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14) TYPE OF REPORTING PERSON
PN
683715106 Page 5 of 11
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NAME OF REPORTING PERSON
1) 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
OO
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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
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7 SOLE VOTING POWER
NUMBER OF -0-
SHARES ------------------------------------------------
BENEFICIALLY OWNED BY EACH 8 SHARED VOTING POWER
REPORTING
PERSON 2,349,813
WITH ------------------------------------------------
9 SOLE DISPOSITIVE POWER
-0-
------------------------------------------------
10 SHARED DISPOSITIVE POWER
2,349,813
--------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,349,813
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.8%
--------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
OO
683715106 Page 6 of 11
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NAME OF REPORTING PERSON
1) 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
--------------------------------------------------------------------------------
4) SOURCE OF FUNDS
OO
--------------------------------------------------------------------------------
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 -0-
SHARES ------------------------------------------------
BENEFICIALLY OWNED BY EACH 8 SHARED VOTING POWER
REPORTING
PERSON 2,349,813
WITH ------------------------------------------------
9 SOLE DISPOSITIVE POWER
-0-
------------------------------------------------
10 SHARED DISPOSITIVE POWER
2,349,813
--------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,349,813
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.8%
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14) TYPE OF REPORTING PERSON
PN
683715106 Page 7 of 11
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NAME OF REPORTING PERSON
1) 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) [_]
--------------------------------------------------------------------------------
3) SEC USE ONLY
--------------------------------------------------------------------------------
4) SOURCE OF FUNDS
OO
--------------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
[-]
--------------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
Germany
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7 SOLE VOTING POWER
NUMBER OF -0-
SHARES ------------------------------------------------
BENEFICIALLY OWNED BY EACH 8 SHARED VOTING POWER
REPORTING
PERSON 2,349,813
WITH ------------------------------------------------
9 SOLE DISPOSITIVE POWER
-0-
------------------------------------------------
10 SHARED DISPOSITIVE POWER
2,349,813
--------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,349,813
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.8%
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14) TYPE OF REPORTING PERSON
PN
683715106 Page 8 of 11
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NAME OF REPORTING PERSON
1) 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) [_]
--------------------------------------------------------------------------------
3) SEC USE ONLY
--------------------------------------------------------------------------------
4) SOURCE OF FUNDS
OO
--------------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
[-]
--------------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
Germany
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF -0-
SHARES ------------------------------------------------
BENEFICIALLY OWNED BY EACH 8 SHARED VOTING POWER
REPORTING
PERSON 2,349,813
WITH ------------------------------------------------
9 SOLE DISPOSITIVE POWER
-0-
------------------------------------------------
10 SHARED DISPOSITIVE POWER
2,349,813
--------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,349,813
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.8%
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14) TYPE OF REPORTING PERSON
CO
683715106 Page 9 of 11
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ITEM 1. SECURITY AND ISSUER.
This Amendment No. 1 to Schedule 13D is filed by the undersigned to amend and
supplement the Schedule 13D, dated February 13, 2004, with respect to the common
shares, no par value (the "Shares"), of Open Text Corporation, an Ontario
corporation (the "Company"). The address of the principal executive office of
the Company is 275 Frank Tompa Drive, Waterloo, Ontario, Canada N2L 0A1.
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 formerly known as General Atlantic Partners, LLC ("GA"), GAP
(Bermuda) Limited ("GAP Bermuda GenPar"), General Atlantic Partners (Bermuda),
L.P., a Bermuda limited partnership ("GAP LP"), 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 Bermuda GenPar, GAP LP, GapStar, GAPCO
II and KG, the "Reporting Persons"). The Reporting Persons (other than GAP LP,
GAP Bermuda GenPar, KG and GmbH Management) are located at 3 Pickwick Plaza,
Greenwich, Connecticut 06830. GAP LP and GAP Bermuda GenPar are located at
Clarendon House, Church Street, Hamilton HM 11, Bermuda. KG and GmbH Management
are located c/o General Atlantic 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.
GAP Bermuda GenPar is the general partner of GAP LP. GA is the sole member of
GapStar. GmbH Management is the general partner of KG. The Managing Directors of
GA are Steven A. Denning (Chairman), William E. Ford (President), Peter L.
Bloom, Mark F. Dzialga, Klaus Esser, Vince Feng, 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, Philip P. Trahanas and
Florian Wendelstadt (collectively, the "GA Managing Directors"). The general
partners of GAPCO II are GA Managing Directors. Each of the GA Managing
Directors is a director and a senior executive officer of GAP Bermuda GenPar.
The GA Managing Directors are also authorized and empowered to vote and dispose
of the securities held by KG and GmbH Management. 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 Ave. N.W.,
Washington, D.C. 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. The present principal occupation or employment of each of the GA
Managing Directors is as a Managing Director of GA.
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 November 22, 2005, GA, GAP LP, GAP Bermuda GenPar, GapStar, GAPCO II,
KG and GmbH Management each own of record no Shares, 2,040,630 Shares, no
Shares, 152,554 Shares, 153,345 Shares, 3,284 Shares and no Shares respectively,
or 0.0%, 4.2%, 0.0%, 0.3%, 0.3%, 0.0% and 0.0%, respectively, of the Company's
issued and outstanding Shares.
By virtue of the fact that (i) GAP Bermuda GenPar is the general partner of GAP
LP, (ii) GA is the sole member of GapStar, (iii) the general partners authorized
and empowered to vote and dispose of the securities held by GAPCO II are GA
Managing Directors and (iv) the GA Managing Directors are authorized and
empowered to vote and dispose of the securities held by KG and GmbH Management,
the Reporting Persons may be deemed to share voting power and the power to
direct the disposition of the Shares which each owns of record. As of November
22, 2005, each of the Reporting Persons may be deemed to own beneficially an
aggregate of 2,349,813 Shares, or 4.8% of the Shares.
683715106 Page 10 of 11
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(b) Each of the Reporting Persons has the shared power to direct the vote and
the shared power to direct the disposition of the 2,349,813 Shares 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 the Shares during the past 60 days. On each of the
dates set forth below, GAP LP, GapStar, GAPCO II and KG sold on the open market
the following number of Shares for the aggregate proceeds listed below, which,
in the aggregate, amount to over 1% of the Shares outstanding as of October 31,
2005:
GAP LP
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DATE SHARES SOLD PRICE PER SHARE PROCEEDS
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November 21, 2005 175,334 $15.21 $2,666,902.15
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November 22, 2005 384,712 $15.29 $5,883,296.17
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GAPSTAR
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DATE SHARES SOLD PRICE PER SHARE PROCEEDS
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November 21, 2005 13,108 $15.21 $199,378.06
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November 22, 2005 28,760 $15.29 $439,818.87
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GAPCO II
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DATE SHARES SOLD PRICE PER SHARE PROCEEDS
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November 21, 2005 13,176 $15.21 $200,412.37
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November 22, 2005 28,909 $15.29 $442,097.49
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KG
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DATE SHARES SOLD PRICE PER SHARE PROCEEDS
-------------------------------------------------------------------------
November 21, 2005 282 $15.21 $4,289.34
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November 22, 2005 619 $15.29 $9,466.20
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(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) On November 22, 2005, the Reporting Persons ceased to beneficially own more
than five percent of the Shares.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIP WITH RESPECT TO
THE ISSUER.
Unchanged
683715106 Page 11 of 11
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ITEM 7. MATERIALS TO BE FILED AS EXHIBITS.
Exhibit 1: Power of Attorney dated January 4, 2005 appointing
Thomas J. Murphy Attorney-in-Fact for GA.
Exhibit 2: Power of Attorney dated January 4, 2005 appointing
Thomas J. Murphy Attorney-in-Fact for GAPCO II.
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 as of November 23, 2005
GENERAL ATLANTIC LLC
By: /s/ Thomas J. Murphy
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Name: Thomas J. Murphy
Title: Attorney-in-Fact
GAP (BERMUDA) LIMITED
By: /s/ Matthew Nimetz
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Name: Matthew Nimetz
Title: Vice President
GENERAL ATLANTIC PARTNERS (BERMUDA), L.P.
By: GAP (Bermuda) Limited, its general partner
By: /s/ Matthew Nimetz
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Name: Matthew Nimetz
Title: Vice President
GAPSTAR, LLC
By: General Atlantic LLC, its sole member
By: /s/ Thomas J. Murphy
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Name: Thomas J. Murphy
Title: Attorney-in-Fact
GAP COINVESTMENT PARTNERS II, L.P.
By: /s/ Thomas J. Murphy
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Name: Thomas J. Murphy
Title: Attorney-in-Fact
GAPCO GMBH & CO. KG
By: GAPCO Management GmbH, its general partner
By: /s/ Matthew Nimetz
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Name: Matthew Nimetz
Title: Managing Director
GAPCO MANAGEMENT GMBH
By: /s/ Matthew Nimetz
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Name: Matthew Nimetz
Title: Managing Director