-----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, IrTp0+EdeYeR29v8RGC7DZPiY6IeWEK6Zc3AWfEDc2LjIyDmw6RI5QUFFe0mNXrC UjgktBk9j4uoAFAtSeub7g== 0000911420-06-000625.txt : 20061025 0000911420-06-000625.hdr.sgml : 20061025 20061025163137 ACCESSION NUMBER: 0000911420-06-000625 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20061025 DATE AS OF CHANGE: 20061025 GROUP MEMBERS: COMVEST GROUP HOLDINGS LLC GROUP MEMBERS: COMVEST II PARTNERS, LLC GROUP MEMBERS: COMVEST INVESTMENT PARTNERS II LLC GROUP MEMBERS: MICHAEL S. FALLK FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: COMVEST INVESTMENT PARTNERS II LLC CENTRAL INDEX KEY: 0001275683 IRS NUMBER: 010784781 FILING VALUES: FORM TYPE: SC 13G MAIL ADDRESS: STREET 1: 830 THIRD AVE CITY: NEW YORK STATE: NY ZIP: 10022 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: INTRAWARE INC CENTRAL INDEX KEY: 0001025134 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] IRS NUMBER: 680389976 STATE OF INCORPORATION: DE FISCAL YEAR END: 0228 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-55963 FILM NUMBER: 061163184 BUSINESS ADDRESS: STREET 1: 25 ORINDA WAY CITY: ORINDA STATE: CA ZIP: 94563 BUSINESS PHONE: 9252534500 MAIL ADDRESS: STREET 1: 25 ORINDA WAY CITY: ORINDA STATE: CA ZIP: 94563 SC 13G 1 d238203785.txt SCHEDULE 13G SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 SCHEDULE 13G Intraware, Inc. - ------------------------------------------------------------------------------- (Name of Issuer) Common Stock, $.001 Par Value Per Share - ------------------------------------------------------------------------------- (Title of Class of Securities) 46118M509 - ------------------------------------------------------------------------------- (CUSIP Number of Class of Securities) October 20, 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: [ ] RULE 13d-1(b) [X] RULE 13d-1(c) [ ] RULE 13d-1(d) CUSIP NO. 46118M509 Page 2 of 8 - ------------------------------------------------------------------------------- 1) Name and I.R.S. Identification No. of Reporting Person (entities only) ComVest Investment Partners II LLC (01-0784781) - ------------------------------------------------------------------------------- 2) Check the Appropriate Box if a Member of a Group (See Instructions) (a) [X] (b) [ ] - ------------------------------------------------------------------------------- 3) SEC USE ONLY - ------------------------------------------------------------------------------- 4) Citizenship or Place of Organization: Delaware - ------------------------------------------------------------------------------- NUMBER OF SHARES 5) Sole Voting Power: 309,000 Shares BENEFICIALLY OWNED BY ---------------------------------------------------- EACH REPORTING 6) Shared Voting Power 0 PERSON WITH ---------------------------------------------------- 7) Sole Dispositive Power: 309,000 Shares ---------------------------------------------------- 8) Shared Dispositive Power 0 - ------------------------------------------------------------------------------- 9) Aggregate Amount Beneficially Owned by Each Reporting Person: 309,000 Shares - ------------------------------------------------------------------------------- 10) Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares |_| (See Instructions) - ------------------------------------------------------------------------------- 11) Percent of Class Represented by Amount in Row (9): 5.0% of Common Stock - ------------------------------------------------------------------------------- 12) Type of Reporting Person (See Instructions) OO (limited liability company) - ------------------------------------------------------------------------------- CUSIP NO. 46118M509 Page 3 of 8 - ------------------------------------------------------------------------------- 1) Name and I.R.S. Identification No. of Reporting Person (entities only) ComVest II Partners, LLC (01-6228703) - ------------------------------------------------------------------------------- 2) Check the Appropriate Box if a Member of a Group (See Instructions) (a) [X] (b) [ ] - ------------------------------------------------------------------------------- 3) SEC USE ONLY - ------------------------------------------------------------------------------- 4) Citizenship or Place of Organization: Delaware - ------------------------------------------------------------------------------- NUMBER OF SHARES 5) Sole Voting Power: 0 BENEFICIALLY OWNED BY ---------------------------------------------------- EACH REPORTING 6) Shared Voting Power 309,000 Shares PERSON WITH ---------------------------------------------------- 7) Sole Dispositive Power: 0 --------------------------------------------- 8) Shared Dispositive Power 309,000 Shares - ------------------------------------------------------------------------------- 9) Aggregate Amount Beneficially Owned by Each Reporting Person: 309,000 Shares - ------------------------------------------------------------------------------- 10) Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares |_| (See Instructions) - ------------------------------------------------------------------------------- 11) Percent of Class Represented by Amount in Row (9): 5.0% of Common Stock - ------------------------------------------------------------------------------- 12) Type of Reporting Person (See Instructions) OO (limited liability company) - ------------------------------------------------------------------------------- CUSIP NO. 46118M509 Page 4 of 8 - ------------------------------------------------------------------------------- 1) Name and I.R.S. Identification No. of Reporting Person (entities only) ComVest Group Holdings LLC (01-0622406) - ------------------------------------------------------------------------------- 2) Check the Appropriate Box if a Member of a Group (See Instructions) (a) [X] (b) [ ] - ------------------------------------------------------------------------------- 3) SEC USE ONLY - ------------------------------------------------------------------------------- 4) Citizenship or Place of Organization: Delaware - ------------------------------------------------------------------------------- NUMBER OF SHARES 5) Sole Voting Power: 0 BENEFICIALLY OWNED BY ---------------------------------------------------- EACH REPORTING 6) Shared Voting Power 309,000 Shares PERSON WITH ---------------------------------------------------- 7) Sole Dispositive Power: 0 ---------------------------------------------------- 8) Shared Dispositive Power 309,000 Shares - ------------------------------------------------------------------------------- 9) Aggregate Amount Beneficially Owned by Each Reporting Person: 309,000 Shares - ------------------------------------------------------------------------------- 10) Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares |_| (See Instructions) - ------------------------------------------------------------------------------- 11) Percent of Class Represented by Amount in Row (9): 5.0% of Common Stock - ------------------------------------------------------------------------------- 12) Type of Reporting Person (See Instructions) OO (limited liability company) - ------------------------------------------------------------------------------- CUSIP NO. 46118M509 Page 5 of 8 - ------------------------------------------------------------------------------- 1) Name and I.R.S. Identification No. of Reporting Person (entities only) Michael S. Falk - ------------------------------------------------------------------------------- 2) Check the Appropriate Box if a Member of a Group (See Instructions) (a) [X] (b) [ ] - ------------------------------------------------------------------------------- 3) SEC USE ONLY - ------------------------------------------------------------------------------- 4) Citizenship or Place of Organization: USA - ------------------------------------------------------------------------------- NUMBER OF SHARES 5) Sole Voting Power: 278,873 Shares BENEFICIALLY OWNED BY ---------------------------------------------------- EACH REPORTING 6) Shared Voting Power 309,000 Shares PERSON WITH ---------------------------------------------------- 7) Sole Dispositive Power: 278,873 Shares ---------------------------------------------------- 8) Shared Dispositive Power 309,000 Shares - ------------------------------------------------------------------------------- 9) Aggregate Amount Beneficially Owned by Each Reporting Person: 587,873 Shares - ------------------------------------------------------------------------------- 10) Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares |_| (See Instructions) - ------------------------------------------------------------------------------- 11) Percent of Class Represented by Amount in Row (9): 9.6% of Common Stock - ------------------------------------------------------------------------------- 12) Type of Reporting Person (See Instructions) IN - ------------------------------------------------------------------------------- Page 6 of 8 ITEM 1(a). Name of Issuer: Intraware, Inc. ITEM 1(b). Address of Issuer's Principal Executive Offices: 25 Orinda Way, Orinda, California 94563 ------------------------------------------------------------------- ITEM 2(a). Names of Persons Filing: ComVest Investment Partners II LLC ("ComVest") ------------------------------------------------------------------- ComVest II Partners, LLC ("ComVest II Partners") ------------------------------------------------------------------- ComVest Group Holdings LLC ("CGH") ------------------------------------------------------------------- Michael S. Falk ------------------------------------------------------------------- ITEM 2(b). Address of Principal Business Office or, if None, Residence: One North Clematis, Suite 300, West Palm Beach, Florida 33401 ------------------------------------------------------------------- ITEM 2(c). Citizenship: ComVest, ComVest II Partners, and CGH are Delaware Limited Liability Companies. Michael S. Falk is a U.S. citizen. ------------------------------------------------------------------- ITEM 2(d). Title of Class of Securities: Common Stock, $.001 Par Value Per Share ------------------------------------------------------------------- ITEM 2(e). CUSIP Number: 46118M509 ITEM 3. If this Statement is filed pursuant to Rules 13d-1(b) or 13d-2(b) or (c), check whether the person filing is: The reporting persons are a group for purposes of the filing of this statement. ITEM 4. Ownership: (a) Amount beneficially owned by all reporting persons: 587,873 Shares (b) Percent of class: 9.6% of Common Stock (c) Number of shares as to which the reporting persons have: (i) sole power to vote or to direct the vote: 278,873 Shares (ii) shared power to vote or to direct the vote 309,000 Shares (iii) sole power to dispose or to direct the disposition: 278,873 Shares (iv) shared power to dispose or to direct the disposition 309,000 Shares ITEM 5. Ownership of five percent or less of a class. If this statement is being filed to reflect the fact that as of the date hereof the reporting person has ceased to be the owner of more than five percent of the class of securities, check the following: [ ]. ITEM 6. Ownership of more than five percent on behalf of another person. Not applicable. 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. The reporting persons are a group for purposes of filing this Statement. See Exhibit I attached hereto. ITEM 9. Notice of dissolution of group. Not applicable. ITEM 10. Certifications. 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 or as a participant in any transaction having that purpose or effect. 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. Dated: October 25, 2006 ComVest Investment Partners II LLC By: ComVest II Partners, LLC, its managing member By: /s/ Michael S. Falk ---------------------------------------------- Michael S. Falk, Managing Member Dated: October 25, 2006 ComVest II Partners, LLC By: /s/ Michael S. Falk ---------------------------------------------- Michael S. Falk, Managing Member Dated: October 25, 2006 ComVest Group Holdings LLC By: /s/ Michael S. Falk ---------------------------------------------- Michael S. Falk, Chairman and Managing Member Dated: October 25, 2006 /s/ Michael S. Falk ---------------------------------------------- Michael S. Falk, individually
EX-1 2 e238203785.txt EXHIBIT 1 Exhibit I The name of the Reporting Person is ComVest Investment Partners II LLC, a Delaware limited liability company ("ComVest"). ComVest is a private investment company. The managing member of ComVest is ComVest II Partners, LLC, a Delaware limited liability company ("ComVest II Partners"), the managing member of which is ComVest Group Holdings LLC, a Delaware limited liability company ("CGH"). Michael Falk ("Falk") is the Chairman and principal member of CGH. Falk is a citizen of the United States of America. EX-2 3 e2-238203785.txt AGREEMENT OF JOINT FILING Exhibit 2 AGREEMENT OF JOINT FILING Pursuant to Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended, the undersigned hereby consent to the joint filing on their behalf of a single Schedule 13G and any amendments thereto, with respect to the beneficial ownership by each of the undersigned of shares of common stock, $.001 par value per share, of Intraware, Inc., a Delaware corporation. The undersigned hereby further agree that this statement may be executed in any number of counterparts, each of which when so executed shall be deemed to be an original, but all of which counterparts shall together constitute one and the same instrument. Dated: as of October 25, 2006 ComVest Investment Partners II LLC By: ComVest II Partners, LLC, its managing member By: /s/ Michael S. Falk --------------------------------------------- Michael S. Falk, Managing Member ComVest II Partners, LLC By: /s/ Michael S. Falk --------------------------------------------- Michael S. Falk, Managing Member ComVest Group Holdings LLC By: /s/ Michael S. Falk --------------------------------------------- Michael S. Falk, Chairman and Managing Member /s/ Michael S. Falk --------------------------------------------- Michael S. Falk, individually -----END PRIVACY-ENHANCED MESSAGE-----