-----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, MNY+NM9/iR1tCXaIgC8mIGUZzjTAh5Q0qp/37WP9hyMv26iHhEiFJkihp0I4ubON qrS5Lfb6WJZVNg6dAu2Nvg== 0000950142-05-000413.txt : 20050214 0000950142-05-000413.hdr.sgml : 20050214 20050214165640 ACCESSION NUMBER: 0000950142-05-000413 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 4 FILED AS OF DATE: 20050214 DATE AS OF CHANGE: 20050214 GROUP MEMBERS: GAP (BERMUDA) LIMITED GROUP MEMBERS: GAP COINVESTMENTS III, LLC GROUP MEMBERS: GAP COINVESTMENTS IV, LLC GROUP MEMBERS: GAP-W INTERNATIONAL, L.P. GROUP MEMBERS: GAPCO GMBH & CO. KG GROUP MEMBERS: GAPCO MANAGEMENT GMBH GROUP MEMBERS: GAPSTAR, LLC GROUP MEMBERS: GENERAL ATLANTIC PARTNERS (BERMUDA), L.P. GROUP MEMBERS: GENERAL ATLANTIC PARTNERS 78, L.P. GROUP MEMBERS: GENERAL ATLANTIC PARTNERS, LLC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: POWERDSINE LTD CENTRAL INDEX KEY: 0001275816 STANDARD INDUSTRIAL CLASSIFICATION: COMMUNICATIONS EQUIPMENT, NEC [3669] IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-80315 FILM NUMBER: 05611733 MAIL ADDRESS: STREET 1: 1 HANAGAR ST. STREET 2: NEVE NEEMAN INDUSTRIAL ZONE CITY: HOD HASHARON STATE: L3 ZIP: 45421 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: GENERAL ATLANTIC PARTNERS LLC CENTRAL INDEX KEY: 0001017645 IRS NUMBER: 133503735 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 3 PICKWICK STREET 2: 3 PICKWICK PLAZA CITY: GREENWICH STATE: CT ZIP: 08330 BUSINESS PHONE: 2036223050 MAIL ADDRESS: STREET 1: 3 PICKWICK STREET 2: 3 PICKWICK PLAZA CITY: GREENWICH STATE: CT ZIP: 08330 SC 13G 1 sc13g_powerdsine.txt POWERDSINE LTD. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Information Statement Pursuant to Rules 13d-1 and 13d-2 Under the Securities Exchange Act of 1934 (Amendment No. __)* POWERDSINE LTD. (Name of Issuer) ORDINARY SHARES, PAR VALUE NIS 0.01 PER SHARE (Title of Class of Securities) M41415106 (CUSIP Number) DECEMBER 31, 2004 (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) [_] Rule 13d-1(c) [X] 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 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). CUSIP NO. M41415106 SCHEDULE 13G Page 2 of 20 - -------------------------------------------------------------------------------- 1. Name of Reporting Person General Atlantic Partners, LLC S.S. or I.R.S. Identifica- tion No. of Above Person - -------------------------------------------------------------------------------- 2. Check the Appropriate Box (a) [X] if a Member of a Group (b) [_] - -------------------------------------------------------------------------------- 3. S.E.C. Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization Delaware - -------------------------------------------------------------------------------- Number of Shares (5) Sole Voting Power 0 Beneficially (6) Shared Voting Power 4,782,387 Owned by Each (7) Sole Dispositive Power 0 Reporting Person (8) Shared Dispositive Power 4,782,387 - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 4,782,387 - -------------------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares ______ - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 24.8% - -------------------------------------------------------------------------------- 12. Type of Reporting Person OO - -------------------------------------------------------------------------------- CUSIP NO. M41415106 SCHEDULE 13G Page 3 of 20 - -------------------------------------------------------------------------------- 1. Name of Reporting Person GAP (Bermuda) Limited S.S. or I.R.S. Identifica- tion No. of Above Person - -------------------------------------------------------------------------------- 2. Check the Appropriate Box (a) [X] if a Member of a Group (b) [_] - -------------------------------------------------------------------------------- 3. S.E.C. Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization Bermuda - -------------------------------------------------------------------------------- Number of Shares (5) Sole Voting Power 0 Beneficially (6) Shared Voting Power 4,782,387 Owned by Each (7) Sole Dispositive Power 0 Reporting Person (8) Shared Dispositive Power 4,782,387 - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 4,782,387 - -------------------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares ______ - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 24.8% - -------------------------------------------------------------------------------- 12. Type of Reporting Person CO - -------------------------------------------------------------------------------- CUSIP NO. M41415106 SCHEDULE 13G Page 4 of 20 - -------------------------------------------------------------------------------- 1. Name of Reporting Person General Atlantic Partners 78, L.P. S.S. or I.R.S. Identifica- tion No. of Above Person - -------------------------------------------------------------------------------- 2. Check the Appropriate Box (a) [X] if a Member of a Group (b) [_] - -------------------------------------------------------------------------------- 3. S.E.C. Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization Delaware - -------------------------------------------------------------------------------- Number of Shares (5) Sole Voting Power 0 Beneficially (6) Shared Voting Power 4,782,387 Owned by Each (7) Sole Dispositive Power 0 Reporting Person (8) Shared Dispositive Power 4,782,387 - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 4,782,387 - -------------------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares ______ - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 24.8% - -------------------------------------------------------------------------------- 12. Type of Reporting Person PN - -------------------------------------------------------------------------------- CUSIP NO. M41415106 SCHEDULE 13G Page 5 of 20 - -------------------------------------------------------------------------------- 1. Name of Reporting Person General Atlantic Partners S.S. or I.R.S. Identifica- (Bermuda), L.P. tion No. of Above Person - -------------------------------------------------------------------------------- 2. Check the Appropriate Box (a) [X] if a Member of a Group (b) [_] - -------------------------------------------------------------------------------- 3. S.E.C. Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization Delaware - -------------------------------------------------------------------------------- Number of Shares (5) Sole Voting Power 0 Beneficially (6) Shared Voting Power 4,782,387 Owned by Each (7) Sole Dispositive Power 0 Reporting Person (8) Shared Dispositive Power 4,782,387 - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 4,782,387 - -------------------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares ______ - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 24.8% - -------------------------------------------------------------------------------- 12. Type of Reporting Person PN - -------------------------------------------------------------------------------- CUSIP NO. M41415106 SCHEDULE 13G Page 6 of 20 - -------------------------------------------------------------------------------- 1. Name of Reporting Person GapStar, LLC S.S. or I.R.S. Identifica- tion No. of Above Person - -------------------------------------------------------------------------------- 2. Check the Appropriate Box (a) [X] if a Member of a Group (b) [_] - -------------------------------------------------------------------------------- 3. S.E.C. Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization Delaware - -------------------------------------------------------------------------------- Number of Shares (5) Sole Voting Power 0 Beneficially (6) Shared Voting Power 4,782,387 Owned by Each (7) Sole Dispositive Power 0 Reporting Person (8) Shared Dispositive Power 4,782,387 - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 4,782,387 - -------------------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares ______ - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 24.8% - -------------------------------------------------------------------------------- 12. Type of Reporting Person OO - -------------------------------------------------------------------------------- CUSIP NO. M41415106 SCHEDULE 13G Page 7 of 20 - -------------------------------------------------------------------------------- 1. Name of Reporting Person GAP-W International, L.P. S.S. or I.R.S. Identifica- tion No. of Above Person - -------------------------------------------------------------------------------- 2. Check the Appropriate Box (a) [X] if a Member of a Group (b) [_] - -------------------------------------------------------------------------------- 3. S.E.C. Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization Delaware - -------------------------------------------------------------------------------- Number of Shares (5) Sole Voting Power 0 Beneficially (6) Shared Voting Power 4,782,387 Owned by Each (7) Sole Dispositive Power 0 Reporting Person (8) Shared Dispositive Power 4,782,387 - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 4,782,387 - -------------------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares ______ - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 24.8% - -------------------------------------------------------------------------------- 12. Type of Reporting Person PN - -------------------------------------------------------------------------------- CUSIP NO. M41415106 SCHEDULE 13G Page 8 of 20 - -------------------------------------------------------------------------------- 1. Name of Reporting Person GAPCO GmbH & Co. KG S.S. or I.R.S. Identifica- tion No. of Above Person - -------------------------------------------------------------------------------- 2. Check the Appropriate Box (a) [X] if a Member of a Group (b) [_] - -------------------------------------------------------------------------------- 3. S.E.C. Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization Germany - -------------------------------------------------------------------------------- Number of Shares (5) Sole Voting Power 0 Beneficially (6) Shared Voting Power 4,782,387 Owned by Each (7) Sole Dispositive Power 0 Reporting Person (8) Shared Dispositive Power 4,782,387 - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 4,782,387 - -------------------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares ______ - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 24.8% - -------------------------------------------------------------------------------- 12. Type of Reporting Person PN - -------------------------------------------------------------------------------- CUSIP NO. M41415106 SCHEDULE 13G Page 9 of 20 - -------------------------------------------------------------------------------- 1. Name of Reporting Person GAPCO Management GmbH S.S. or I.R.S. Identifica- tion No. of Above Person - -------------------------------------------------------------------------------- 2. Check the Appropriate Box (a) [X] if a Member of a Group (b) [_] - -------------------------------------------------------------------------------- 3. S.E.C. Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization Germany - -------------------------------------------------------------------------------- Number of Shares (5) Sole Voting Power 0 Beneficially (6) Shared Voting Power 4,782,387 Owned by Each (7) Sole Dispositive Power 0 Reporting Person (8) Shared Dispositive Power 4,782,387 - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 4,782,387 - -------------------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares ______ - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 24.8% - -------------------------------------------------------------------------------- 12. Type of Reporting Person CO - -------------------------------------------------------------------------------- CUSIP NO. M41415106 SCHEDULE 13G Page 10 of 20 - -------------------------------------------------------------------------------- 1. Name of Reporting Person GAP Coinvestments III, LLC S.S. or I.R.S. Identifica- tion No. of Above Person - -------------------------------------------------------------------------------- 2. Check the Appropriate Box (a) [X] if a Member of a Group (b) [_] - -------------------------------------------------------------------------------- 3. S.E.C. Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization Delaware - -------------------------------------------------------------------------------- Number of Shares (5) Sole Voting Power 0 Beneficially (6) Shared Voting Power 4,782,387 Owned by Each (7) Sole Dispositive Power 0 Reporting Person (8) Shared Dispositive Power 4,782,387 - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 4,782,387 - -------------------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares ______ - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 24.8% - -------------------------------------------------------------------------------- 12. Type of Reporting Person OO - -------------------------------------------------------------------------------- CUSIP NO. M41415106 SCHEDULE 13G Page 11 of 20 - -------------------------------------------------------------------------------- 1. Name of Reporting Person GAP Coinvestments IV, LLC S.S. or I.R.S. Identifica- tion No. of Above Person - -------------------------------------------------------------------------------- 2. Check the Appropriate Box (a) [X] if a Member of a Group (b) [_] - -------------------------------------------------------------------------------- 3. S.E.C. Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization Delaware - -------------------------------------------------------------------------------- Number of Shares (5) Sole Voting Power 0 Beneficially (6) Shared Voting Power 4,782,387 Owned by Each (7) Sole Dispositive Power 0 Reporting Person (8) Shared Dispositive Power 4,782,387 - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 4,782,387 - -------------------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares ______ - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 24.8% - -------------------------------------------------------------------------------- 12. Type of Reporting Person OO - -------------------------------------------------------------------------------- CUSIP NO. M41415106 SCHEDULE 13G Page 11 of 20 Item 1. (a) NAME OF ISSUER PowerDsine Ltd. (b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES 1 Hanagar St. Neve Ne'eman Industrial Zone Hod Hasharon 45421 Israel Item 2. (a) NAMES OF PERSONS FILING General Atlantic Partners, LLC ("GAP") GAP (Bermuda) Limited ("GAP GenPar") General Atlantic Partners 78, L.P. ("GAP 78") General Atlantic Partners (Bermuda), L.P. ("GAP Bermuda") GapStar, LLC ("GapStar") GAP-W International, L.P. ("GAP-W") GAPCO GmbH & Co. KG ("KG") GAPCO Management GmbH ("GmbH") GAP Coinvestments III, LLC ("GAPCO III") GAP Coinvestments IV, LLC ("GAPCO IV", and together with GAP, GAP GenPar, GAP 78, GAP Bermuda, GapStar, GAP-W, KG, GmbH and GAPCO III the "Reporting Persons") (b) ADDRESS OF PRINCIPAL BUSINESS OFFICE c/o General Atlantic Service Corporation 3 Pickwick Plaza Greenwich, CT 06830 (c) CITIZENSHIP GAP -- Delaware GAP GenPar -- Bermuda GAP 78 -- Delaware GAP Bermuda -- Bermuda GapStar -- Delaware GAP-W -- Delaware KG -- Germany GmbH -- Germany GAPCO III -- Delaware GAPCO IV -- Delaware CUSIP NO. M41415106 SCHEDULE 13G Page 13 of 20 (d) TITLE OF CLASS OF SECURITIES Ordinary Shares, par value NIS 0.01 per share (the "Shares") (e) CUSIP NUMBER M41415106 Item 3. This statement is not filed pursuant to either Rule 13d-1(b) or 13d-2(b) or (c). Item 4. As of December 31, 2004, GAP, GAP GenPar, GAP 78, GAP Bermuda, GapStar, GAP-W, KG, GmbH, GAPCO III and GAPCO IV each owned of record no Shares, no Shares, 1,791,328 Shares, 1,445,163 Shares, 59,784 Shares, 1,172,778 Shares, 4,962 Shares, no Shares, 240,618 Shares and 67,754 Shares, respectively, or 0.0%, 0.0%, 9.3%, 7.5%, 0.3%, 6.1%, 0.0%, 0.0%, 1.2% and 0.4%, respectively, of the issued and outstanding Shares. GAP is the general partner of GAP 78 and the sole member of GapStar. GAP GenPar is the general partner of both GAP Bermuda and GAP-W. 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 GAP Managing Members are the directors and senior executive officers of GAP GenPar. The Managing Members of GAPCO III and GAPCO IV are GAP Managing Members. The general partner of KG is GmbH. Messrs. Denning and Hodgson are shareholders of GAPCO Management GmbH. Mr. Trahanas is a director of the Company. By virtue of the fact that (i) the GAP Managing Members are the directors and senior executive officers of GAP GenPar, (ii) GAP is the general partner of GAP 78 and the sole member of GapStar, (iii) GAP GenPar is the general partner of both GAP Bermuda and GAP-W, (iv) the Managing Members of GAPCO III and GAPCO IV are GAP Managing Members and (v) the GAP Managing Members are authorized and empowered to vote and dispose of the securities held by KG and GmbH, 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. Accordingly, as of December 31, 2004, each of the Reporting Persons may be deemed to own beneficially an aggregate of 4,782,387 Shares or 24.8% of the issued and outstanding Shares. Each of the Reporting Persons has the shared power to direct the vote and the shared power to direct the disposition of the 4,782,387 Shares that may be deemed to be owned beneficially by each of them. Item 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS CUSIP NO. M41415106 SCHEDULE 13G Page 14 of 20 Not applicable. Item 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON See Item 4. Item 7. IDENTIFICATION AND CLASSIFICATION OF 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 See Item 4. Item 9. NOTICE OF DISSOLUTION OF GROUP Not applicable. Item 10. CERTIFICATION Not applicable. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] CUSIP NO. M41415106 SCHEDULE 13G Page 15 of 20 SIGNATURES After reasonable inquiry and to the best of our knowledge and belief, we certify that the information set forth in this statement is true, complete and correct. Dated as of February 14, 2005 GENERAL ATLANTIC PARTNERS, LLC By: /s/ Thomas J. Murphy --------------------------------------- Name: Thomas J. Murphy Title: Attorney-in-Fact GAP (BERMUDA) LIMITED By: /s/ Matthew Nimetz --------------------------------------- Name: Matthew Nimetz Title: Vice President GENERAL ATLANTIC PARTNERS 78, L.P. By: General Atlantic Partners, LLC, its General Partner By: /s/ Thomas J. Murphy ---------------------------------- Name: Thomas J. Murphy Title: Attorney-in-Fact GENERAL ATLANTIC PARTNERS (BERMUDA), L.P. By: GAP (Bermuda) Limited, its General Partner By: /s/ Matthew Nimetz ---------------------------------- Name: Matthew Nimetz Title: Vice President CUSIP NO. M41415106 SCHEDULE 13G Page 16 of 20 GAPSTAR, LLC By: General Atlantic Partners, LLC, its Sole Member By: /s/ Thomas J. Murphy ---------------------------------- Name: Thomas J. Murphy Title: Attorney-in-Fact GAP-W INTERNATIONAL, L.P. By: GAP (Bermuda) Limited, its General Partner By: /s/ Matthew Nimetz ---------------------------------- Name: Matthew Nimetz Title: Vice President GAPCO GMBH & CO. KG By: GAPCO Management GmbH, its General Partner By: /s/ Matthew Nimetz --------------------------------- Name: Matthew Nimetz Title: Managing Director GAPCO MANAGEMENT GMBH By: /s/ Matthew Nimetz --------------------------------------- Name: Matthew Nimetz Title: Managing Director GAP COINVESTMENTS III, LLC By: /s/ Thomas J. Murphy --------------------------------------- Name: Thomas J. Murphy Title: Attorney-in-Fact CUSIP NO. M41415106 SCHEDULE 13G Page 17 of 20 GAP COINVESTMENTS IV, LLC By: /s/ Thomas J. Murphy --------------------------------------- Name: Thomas J. Murphy Title: Attorney-in-Fact EX-24 2 ex-1sc13g_powerdsine.txt EXHIBIT 1 CUSIP NO. M41415106 SCHEDULE 13G Page 18 of 20 EXHIBIT 1 TO SCHEDULE 13G GENERAL ATLANTIC PARTNERS, LLC 3 Pickwick Plaza Greenwich, CT 06830 January 4, 2005 POWER OF ATTORNEY The undersigned, General Atlantic Partners, LLC, a Delaware limited liability company, with its principal office at 3 Pickwick Plaza, Greenwich, Connecticut, United States of America (the "Limited Liability Company"), by its duly authorized Executive Managing Member, Steven A. Denning, a U.S. citizen, of full legal age, hereby constitutes and appoints Thomas J. Murphy, a U.S. citizen, of full legal age, its true and lawful attorney-in-fact and agent, in any and all capacities, to execute and deliver any and all documents and instruments (including, without limitation, all documents and instruments necessary or required to open and close accounts with commercial banking and investment banking institutions and all documents and instruments necessary or required in connection with the settlement of any securities trading) and to make any governmental filings on behalf of the Limited Liability Company, in each case as fully to all intents and purposes as a Managing Member of the Limited Liability Company might or could do in person, hereby ratifying and confirming all that said attorney-in-fact may lawfully do or cause to be done. This power of attorney shall expire on January 6, 2006. GENERAL ATLANTIC PARTNERS, LLC By: /s/ Steven A. Denning --------------------------------------- Steven A. Denning Executive Managing Member STATE OF CONNECTICUT ) : ss. COUNTY OF FAIRFIELD ) On the 4th day of January 2005, before me personally came Steven A. Denning, to me known, and known to me to be the individual described in, and who executed the foregoing document, and he acknowledged to me that he executed the same. /s/ Natalie J. Wagner - ----------------------------- Notary Public EX-24 3 ex-2sc13g_powerdsine.txt EXHIBIT 2 CUSIP NO. M41415106 SCHEDULE 13G Page 19 of 20 EXHIBIT 2 TO SCHEDULE 13G GAP COINVESTMENTS III, LLC 3 Pickwick Plaza Greenwich, CT 06830 January 4, 2005 POWER OF ATTORNEY The undersigned, GAP Coinvestments III, LLC, a Delaware limited liability company, with its principal office at 3 Pickwick Plaza, Greenwich, Connecticut, United States of America (the "Limited Liability Company"), by its duly authorized Executive Managing Member, Steven A. Denning, a U.S. citizen, of full legal age, hereby constitutes and appoints Thomas J. Murphy, a U.S. citizen, of full legal age, its true and lawful attorney-in-fact and agent, in any and all capacities, to execute and deliver any and all documents and instruments (including, without limitation, all documents and instruments necessary or required to open and close accounts with commercial banking and investment banking institutions and all documents and instruments necessary or required in connection with the settlement of any securities trading) and to make any governmental filings on behalf of the Limited Liability Company, in each case as fully to all intents and purposes as a Managing Member of the Limited Liability Company might or could do in person, hereby ratifying and confirming all that said attorney-in-fact may lawfully do or cause to be done. This power of attorney shall expire on January 6, 2006. GAP COINVESTMENTS III, LLC By: /s/ Steven A. Denning --------------------------------------- Steven A. Denning Executive Managing Member STATE OF CONNECTICUT ) : ss. COUNTY OF FAIRFIELD ) On the 4th day of January 2005, before me personally came Steven A. Denning, to me known, and known to me to be the individual described in, and who executed the foregoing document, and he acknowledged to me that he executed the same. /s/ Natalie J. Wagner - ----------------------------- Notary Public EX-24 4 ex-3sc13g_powerdsine.txt EXHIBIT 3 CUSIP NO. M41415106 SCHEDULE 13G Page 20 of 20 EXHIBIT 3 TO SCHEDULE 13G GAP COINVESTMENTS IV, LLC 3 Pickwick Plaza Greenwich, CT 06830 January 4, 2005 POWER OF ATTORNEY The undersigned, GAP Coinvestments IV, LLC, a Delaware limited liability company, with its principal office at 3 Pickwick Plaza, Greenwich, Connecticut, United States of America (the "Limited Liability Company"), by its duly authorized Executive Managing Member, Steven A. Denning, a U.S. citizen, of full legal age, hereby constitutes and appoints Thomas J. Murphy, a U.S. citizen, of full legal age, its true and lawful attorney-in-fact and agent, in any and all capacities, to execute and deliver any and all documents and instruments (including, without limitation, all documents and instruments necessary or required to open and close accounts with commercial banking and investment banking institutions and all documents and instruments necessary or required in connection with the settlement of any securities trading) and to make any governmental filings on behalf of the Limited Liability Company, in each case as fully to all intents and purposes as a Managing Member of the Limited Liability Company might or could do in person, hereby ratifying and confirming all that said attorney-in-fact may lawfully do or cause to be done. This power of attorney shall expire on January 6, 2006. GAP COINVESTMENTS IV, LLC By: /s/ Steven A. Denning --------------------------------------- Steven A. Denning Executive Managing Member STATE OF CONNECTICUT ) : ss. COUNTY OF FAIRFIELD ) On the 4th day of January 2005, before me personally came Steven A. Denning, to me known, and known to me to be the individual described in, and who executed the foregoing document, and he acknowledged to me that he executed the same. /s/ Natalie J. Wagner - ----------------------------- Notary Public -----END PRIVACY-ENHANCED MESSAGE-----