sc13gza

0001206212-07-000029.txt : 20070201 0001206212-07-000029.hdr.sgml : 20070201 20070131182032 ACCESSION NUMBER: 0001206212-07-000029 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20070201 DATE AS OF CHANGE: 20070131 GROUP MEMBERS: CHARLES SIROIS GROUP MEMBERS: PLACEMENTS CHARLES SIROIS INC. GROUP MEMBERS: TELEMEX INC. GROUP MEMBERS: TELESYSTEM INVESTMENTS INC. GROUP MEMBERS: TELESYSTEM LTD. GROUP MEMBERS: TELESYSTEM SOFTWARE VENTURES LIMITED PARTNERSHIP GROUP MEMBERS: TELESYSTEM SPECIAL FUND I L.P. GROUP MEMBERS: TELSOFT VENTURES INC. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TALEO CORP CENTRAL INDEX KEY: 0001134203 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-81059 FILM NUMBER: 07569402 BUSINESS ADDRESS: STREET 1: 4140 DUBLIN BOULEVARD STREET 2: SUITE 400 CITY: DUBLIN STATE: CA ZIP: 94568 BUSINESS PHONE: 9254523000 MAIL ADDRESS: STREET 1: 4140 DUBLIN BOULEVARD STREET 2: SUITE 400 CITY: DUBLIN STATE: CA ZIP: 94568 FORMER COMPANY: FORMER CONFORMED NAME: RECRUITSOFT INC DATE OF NAME CHANGE: 20010209 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: SIROIS CHARLES CENTRAL INDEX KEY: 0001233196 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 1250 RENE LEVESQUE BLVD W 38TH FL STREET 2: MONTREAL QUEBEC CITY: CANADA STATE: A8 ZIP: H3B4W8 BUSINESS PHONE: 5143978460 SC 13G/A 1 m34557a1sc13gza.htm SCHEDULE 13G/A sc13gza


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UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

(Amendment No. 1)

(Rule 13d-102)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1(b), (c)
and (d) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2*

Taleo Corporation

(Name of Issuer)

Class A Common Stock

(Title of Class of Securities)

87424N104

(CUSIP Number)

December 31, 2006

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

o Rule 13d-1(b)

o Rule 13d-1(c)

þ Rule 13d-1(d)

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.


CUSIP No.		87424N104		Page		2		of		14


1	NAMES OF REPORTING PERSONS: I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY):

	Charles Sirois


2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
	(a) o
	(b) þ

3	SEC USE ONLY:



4	CITIZENSHIP OR PLACE OF ORGANIZATION:

	Canadian Citizen

		5	SOLE VOTING POWER:

NUMBER OF			3,320,600

SHARES		6	SHARED VOTING POWER:
BENEFICIALLY
OWNED BY			- 0 -

EACH		7	SOLE DISPOSITIVE POWER:
REPORTING
PERSON			3,320,600

WITH:		8	SHARED DISPOSITIVE POWER:

			- 0 -

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:

	3,320,600

10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):

	o

11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):

	15.2%¹

12	TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):

	IN


¹		The calculation of the foregoing percentage is based on 21,822,015 shares of Class A Common Stock of Taleo Corporation outstanding as of October 31, 2006, as reported on the issuer’s quarterly report on Form 10-Q for the period ended September 30, 2006 filed with the Securities and Exchange Commission of November 14, 2006.


CUSIP No.		87424N104		Page		3		of		14


1	NAMES OF REPORTING PERSONS: I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY):

	Placements Charles Sirois Inc.


2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
	(a) o
	(b) þ

3	SEC USE ONLY:



4	CITIZENSHIP OR PLACE OF ORGANIZATION:

	Quebec

		5	SOLE VOTING POWER:

NUMBER OF			3,069,229

SHARES		6	SHARED VOTING POWER:
BENEFICIALLY
OWNED BY			- 0 -

EACH		7	SOLE DISPOSITIVE POWER:
REPORTING
PERSON			3,069,229

WITH:		8	SHARED DISPOSITIVE POWER:

			- 0 -

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:

	3,069,229

10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):

	o

11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):

	14% (See Footnote 1 on page 2)%

12	TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):

	CO


CUSIP No.		87424N104		Page		4		of		14


1	NAMES OF REPORTING PERSONS: I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY):

	Telemex Inc.


2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
	(a) o
	(b) þ

3	SEC USE ONLY:



4	CITIZENSHIP OR PLACE OF ORGANIZATION:

	Quebec

		5	SOLE VOTING POWER:

NUMBER OF			3,069,229

SHARES		6	SHARED VOTING POWER:
BENEFICIALLY
OWNED BY			- 0 -

EACH		7	SOLE DISPOSITIVE POWER:
REPORTING
PERSON			3,069,229

WITH:		8	SHARED DISPOSITIVE POWER:

			- 0 -

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:

	3,069,229

10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):

	o

11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):

	14% (See Footnote 1 on page 2)

12	TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):

	CO


CUSIP No.		87424N104		Page		5		of		14


1	NAMES OF REPORTING PERSONS: I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY):

	Telesystem Investments Inc.


2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
	(a) o
	(b) þ

3	SEC USE ONLY:



4	CITIZENSHIP OR PLACE OF ORGANIZATION:

	Quebec

		5	SOLE VOTING POWER:

NUMBER OF			3,069,229

SHARES		6	SHARED VOTING POWER:
BENEFICIALLY
OWNED BY			- 0 -

EACH		7	SOLE DISPOSITIVE POWER:
REPORTING
PERSON			3,069,229

WITH:		8	SHARED DISPOSITIVE POWER:

			- 0 -

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:

	3,069,229

10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):

	o

11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):

	14% (See Footnote 1 on page 2)

12	TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):

	CO


CUSIP No.		87424N104		Page		6		of		14


1	NAMES OF REPORTING PERSONS:

	I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY):
	Telesystem Ltd.

2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
	(a) o
	(b) þ

3	SEC USE ONLY:



4	CITIZENSHIP OR PLACE OF ORGANIZATION:

	Quebec

		5	SOLE VOTING POWER:

NUMBER OF			3,069,229

SHARES		6	SHARED VOTING POWER:
BENEFICIALLY
OWNED BY			- 0 -

EACH		7	SOLE DISPOSITIVE POWER:
REPORTING
PERSON			3,069,229

WITH:		8	SHARED DISPOSITIVE POWER:

			- 0 -

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:

	3,069,229

10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):

	o

11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):

	14% (See Footnote 1 on page 2)

12	TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):

	CO


CUSIP No.		87424N104		Page		7		of		14


1	NAMES OF REPORTING PERSONS:

	I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY):
	Telesystem Special Fund I L.P.

2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
	(a) o
	(b) þ

3	SEC USE ONLY:



4	CITIZENSHIP OR PLACE OF ORGANIZATION:

	Quebec

		5	SOLE VOTING POWER:

NUMBER OF			1,341,854

SHARES		6	SHARED VOTING POWER:
BENEFICIALLY
OWNED BY			- 0 -

EACH		7	SOLE DISPOSITIVE POWER:
REPORTING
PERSON			1,341,854

WITH:		8	SHARED DISPOSITIVE POWER:

			- 0 -

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:

	1,341,854

10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):

	o

11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):

	6.1% (See Footnote 1 on page 2)

12	TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):

	PN


CUSIP No.		87424N104		Page		8		of		14


1	NAMES OF REPORTING PERSONS:

	I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY):
	Telsoft Ventures Inc.

2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
	(a) o
	(b) þ

3	SEC USE ONLY:



4	CITIZENSHIP OR PLACE OF ORGANIZATION:

	Quebec

		5	SOLE VOTING POWER:

NUMBER OF			1,727,375

SHARES		6	SHARED VOTING POWER:
BENEFICIALLY
OWNED BY			- 0 -

EACH		7	SOLE DISPOSITIVE POWER:
REPORTING
PERSON			1,727,375

WITH:		8	SHARED DISPOSITIVE POWER:

			- 0 -

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:

	1,727,375

10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):

	o

11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):

	7.9% (See Footnote 1 on page 2)

12	TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):

	CO


CUSIP No.		87424N104		Page		9		of		14


1	NAMES OF REPORTING PERSONS:

	I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY):
	Telesystem Software Ventures Limited Partnership

2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
	(a) o
	(b) þ

3	SEC USE ONLY:



4	CITIZENSHIP OR PLACE OF ORGANIZATION:

	Quebec

		5	SOLE VOTING POWER:

NUMBER OF			1,727,375

SHARES		6	SHARED VOTING POWER:
BENEFICIALLY
OWNED BY			- 0 -

EACH		7	SOLE DISPOSITIVE POWER:
REPORTING
PERSON			1,727,375

WITH:		8	SHARED DISPOSITIVE POWER:

			- 0 -

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:

	1,727,375

10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):

	o

11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):

	7.9% (See Footnote 1 on page 2)

12	TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):

	PN

Page 10 of 14 Pages

Item 1.

	(a)		Name of Issuer Taleo Corporation (“Taleo”)

	(b)		Address of Issuer’s Principal Executive Offices 4140 Dublin Boulevard Suite 400 Dublin, California 94568

Item 2.

(a)

Name of Person Filing

This Schedule 13G is being filed on behalf of Mr. Charles Sirois, Placements Charles Sirois Inc., Telemex Inc., Telesystem Investments Inc., Telesystem Ltd., Telesystem Special Fund I L.P., Telsoft Ventures Inc. and Telelesystem Software Ventures Limited Partnership (collectively, the “Filing Parties”).

The Filing Parties have entered into a Joint Filing Agreement, dated January 31, 2007, a copy of which is filed with this Schedule 13G as Exhibit B, pursuant to which the Reporting Persons have agreed to file this statement jointly in accordance with the provisions of Rule 13d-1(k)(1) under the Securities Exchange Act of 1934.

(b)

Address of Principal Business Office or, if none, Residence

The address for each of the filing parties is 1250 René-Lévesque Blvd. West, Suite 3800, Montreal, Quebec H3B 4W8 Canada.

(c)

Citizenship

Mr. Sirois is a citizen of Canada. All of the other Filing Parties are organized under the laws of the Province of Quebec, Canada.

	(d)		Title of Class of Securities Class A Common Stock.

	(e)		CUSIP Number 87424N104

Item 3. If this statement is filed pursuant to 17 C.F.R. §240.13d-1(b) or 17 C.F.R. §240.13d-2(b) or (c), check 3. whether the person filing is a:

	(a)		o Broker or dealer registered under section 15 of the Act (15 U.S.C. § 78o).

	(b)		o Bank as defined in section 3(a)(6) of the Act (15 U.S.C. § 78c).

	(c)		o Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. § 78c).

	(d)		o Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. § 80a-8).

	(e)		o An investment adviser in accordance with 17 C.F.R. §240.13d-1(b)(1)(ii)(E);

Page 11 of 14 Pages

	(f)		o An employee benefit plan or endowment fund in accordance with 17 C.F.R. §240.13d-1(b)(1)(ii)(F);

	(g)		o A parent holding company or control person in accordance with 17 C.F.R. § 240.13d-1(b)(1)(ii)(G);

	(h)		o A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. § 1813);

	(i)		o A church that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

	(j)		o Group, in accordance with 17 C.F.R. §240.13d-1(b)(1)(ii)(J).

Not Applicable

Item 4. Ownership.

Reference is made to Items 5 – 11 on pages 2 to 9 of this Amendment No. 1.

As the controlling shareholder of Placements Charles Sirois Inc., Mr. Charles Sirois is deemed to beneficially own the shares of Class A Common Stock of Taleo (“Class A Common Stock”) deemed to be beneficially owned by Placements Charles Sirois Inc. because he has the sole power to vote or to direct the voting of these shares and he has the sole power to dispose or to direct the disposition of these shares. In addition, through another wholly-owned subsidiary, Mr. Charles Sirois is deemed to beneficially own 251,371 shares of Class A Common Stock as a result of such subsidiary’s ownership of 1,508,227 shares of Exchangeable Preferred Class A Stock of 9090-5415 Quebec Inc., which are exchangeable at any time into 251,371 shares of Class A Common Stock at such subsidiary’s request. The subsidiary is also the record owner of an additional 1,005,485 shares of Exchangeable Preferred Class A Stock of 9090-5415 Quebec Inc., but is not the beneficial owner of these additional shares, because it is holding such additional shares as agent for a third party, and, pursuant to the agency agreement, has neither the power to vote or to direct the voting of these additional shares nor the power to dispose or to direct the disposition of these additional shares.

As the controlling shareholder of Telemex Inc., Placements Charles Sirois Inc. is deemed to beneficially own the shares of Class A Common Stock deemed to be beneficially owned by Telemex Inc. because it has the sole power to vote or to direct the voting of these shares and it has the sole power to dispose or to direct the disposition of these shares.

As the controlling shareholder of Telesystem Investments Inc., Telemex Inc. is deemed to beneficially own the shares of Class A Common Stock deemed to be beneficially owned by Telesystem Investments Inc. because it has the sole power to vote or to direct the voting of these shares and it has the sole power to dispose or to direct the disposition of these shares.

As the controlling shareholder of Telesystem Ltd, Telesystem Investments Inc. is deemed to beneficially own the shares of Class A Common Stock deemed to be beneficially owned by Telesystem Ltd. because it has the sole power to vote or to direct the voting of these shares and it has the sole power to dispose or to direct the disposition of these shares.

As the controlling shareholder of Telsoft Ventures Inc., Telesystem Ltd is deemed to beneficially own the shares of Class A Common Stock held by Telsoft Ventures Inc. because it has the sole power to vote or to direct the voting of these shares and it has the sole power to dispose or to direct the disposition of these shares. As the General Partner of Telesystem Special Fund I L.P., Telesystem Ltd is deemed to beneficially own the shares of Class A Common Stock deemed to be owned by Telesystem Special Fund I L.P. because it has the sole power to vote or to direct the voting of these shares and it has the sole power to dispose or to direct the disposition of these shares.

Telesystem Special Fund I L.P. owns these 1,341,854 shares of Class A Common Stock directly.

As the General Partner of Telesystem Software Ventures Limited Partnership (“Telsoft”), Telsoft Ventures Inc. is deemed to beneficially own the shares of Class A Common Stock held by Telsoft because it has the sole power to vote or to direct the voting of these shares and it has the sole power to dispose or to direct the disposition of these shares.

Telsoft owns 1,727,375 shares of Class A Common Stock directly.

Each of Telsoft, Telsoft Ventures Inc., Telesystem Special Fund I L.P., Telesystem Ltd., Telesystem Investments Inc., Telemex, Inc., Placements Charles Sirois and Mr. Charles Sirois disclaim beneficial ownership in such securities except to the extent of their pecuniary interest therein.

This amendment is also being filed to correct a mistake contained in Footnote (1) to the Schedule 13G filed on October 14, 2005 where it was indicated that Mr. Charles Sirois is deemed to beneficially own 209,476 shares of Class A Common Stock of Taleo. The correct number of shares of Class A Common Stock of Taleo is 251,371.

This amendment is also being filed to reflect the sale by Telesystem Software Ventures Limited Partnership of 175,000 shares of Class A Common Stock.

Item 5. Ownership of Five Percent or Less of a Class

Not Applicable.

Item 6. Ownership of More than Five Percent on Behalf of Another Person.

Reference is made to Footnotes 1 through 8 in Item 4 of the Schedule 13G filed on October 14, 2005.

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company

Not Applicable

Item 8. Identification and Classification of Members of the Group

Not Applicable.

Item 9. Notice of Dissolution of Group

Not Applicable.

Item 10. Certification

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

Page 12 of 14 Pages

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.


Date: January 31, 2007	Charles Sirois
	By:	/s/ Michel Cordeau
		Name:	Michel Cordeau
		Title:	Authorized Signer

Date: January 31, 2007	Placements Charles Sirois Inc.
	By:	/s/ Michel Cordeau
		Name:	Michel Cordeau
		Title:	Authorized Signer

Date: January 31, 2007	Telemex Inc.
	By:	/s/ Michel Cordeau
		Name:	Michel Cordeau
		Title:	Authorized Signer

Date: January 31, 2007	Telesystem Investments Inc.
	By:	/s/ Michel Cordeau
		Name:	Michel Cordeau
		Title:	Authorized Signer

Page 13 of 14 Pages


Date: January 31, 2007	Telesystem Ltd.
	By:	/s/ Michel Cordeau
		Name:	Michel Cordeau
		Title:	Authorized Signer

Date: January 31, 2007	Telesystem Special Fund I L.P .
	By:	/s/ Michel Cordeau
		Name:	Michel Cordeau
		Title:	Authorized Signer

Date: January 31, 2007	Telsoft Ventures Inc.
	By:	/s/ Michel Cordeau
		Name:	Michel Cordeau
		Title:	Authorized Signer

Date: January 31, 2007	Telesystem Software Ventures Limited Partnership
	By:	/s/ Michel Cordeau
		Name:	Michel Cordeau
		Title:	Authorized Signer

Page 14 of 14 Pages

Exhibits


Exhibit A		Statement Appointing Designated Filer and Authorized Signer (incorporated by reference to Exhibit 24 to the Form 3 filed by Charles Sirois and certain of the other Filing Persons with regard to Taleo on August 25, 2005).


Exhibit B		Agreement Regarding the Joint Filing of Schedule 13G (attached hereto).

EX-99.B 2 m34557a1exv99wb.htm AGREEMENT REGARDING THE JOINT FILING exv99wb

Exhibit B

AGREEMENT REGARDING THE JOINT FILING OF SCHEDULE 13G

The undersigned hereby agree as follows:

	(1)		Each of them is individually eligible to use the Schedule 13G to which this Exhibit is attached, and such Schedule 13G is filed on behalf of each of them; and

	(2)		Each of them is responsible for the timely filing of such Schedule 13G and any amendments thereto, and for the completeness and accuracy of such information concerning such person contained therein; but none of them is responsible for the completeness or accuracy of the information concerning the other persons making this filing, unless such person knows or has reason to believe that such information is inaccurate.

Dated: January 31, 2007

NAME: Charles Sirois

SIGNATURE: /s/ Michel Cordeau

By: Michel Cordeau

Authorized Signer

NAME: Telesystem Special Fund I L.P.

SIGNATURE: /s/ Michel Cordeau

By: Michel Cordeau

Authorized Signer

NAME: Telesystem Software Ventures Limited Partnership

SIGNATURE: /s/ Michel Cordeau

By: Michel Cordeau

Authorized Signer

NAME: Telsoft Ventures Inc.

SIGNATURE: /s/ Michel Cordeau

By: Michel Cordeau

Authorized Signer

NAME: Telesystem Investments Inc.

SIGNATURE: /s/ Michel Cordeau

By: Michel Cordeau

Authorized Signer

NAME: Telemex Inc.

SIGNATURE: /s/ Michel Cordeau

By: Michel Cordeau

Authorized Signer

NAME: Placements Charles Sirois Inc.

SIGNATURE: /s/ Michel Cordeau

By: Michel Cordeau

Authorized Signer

NAME: Gestion Charles Sirois Inc.

SIGNATURE: /s/ Michel Cordeau

By: Michel Cordeau

Authorized Signer

NAME: Telesystem Ltd.

SIGNATURE: /s/ Michel Cordeau

By: Michel Cordeau

Authorized Signer