SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13G
(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(b)
(Amendment No._1_)*
-
Vertrue Inc. (formerly Memberworks Incorporated)
--------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
------------
(Title of Class of Securities)
92534N101
---------
(CUSIP Number)
April 13, 2005
--------------
(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)
*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).
(Continued on following pages)
Page 1 of 19 Pages
Exhibit Index Contained on Page 16
----------------------------------------------------------- --------------------------------------------------
CUSIP NO. 92534N101 13D Page 2 of 19 Pages
----------------------------------------------------------- --------------------------------------------------
----------- ------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Integral Capital Management V, LLC ("ICM5")
----------- ------------------------------------------------------------------------------------------------------------------
2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_] (b) [X]
----------- ------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
----------- ------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware (limited liability company)
--------------------------------------- --------- ----------------------------------------------------------------------------
5 SOLE VOTING POWER -0-
--------- ----------------------------------------------------------------------------
NUMBER 6 SHARED VOTING POWER
OF 0 shares, which shares are directly owned by Integral Capital
SHARES Partners V, L.P. ("ICP5"). ICM5 is the general partner of ICP5.
BENEFICIALLY --------- ----------------------------------------------------------------------------
OWNED BY EACH 7 SOLE DISPOSITIVE POWER -0-
REPORTING --------- ----------------------------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH -0- shares (see response to Item 6)
----------- ------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0- shares
----------- ------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES*
[_]
----------- ------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0.00%
----------- ------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON* OO
----------- ------------------------------------------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
----------------------------------------------------------- --------------------------------------------------
CUSIP NO. 92534N101 13D Page 3 of 19 Pages
----------------------------------------------------------- --------------------------------------------------
----------- ------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON ICP Management V, LLC ("ICP Management 5")
----------- ------------------------------------------------------------------------------------------------------------------
2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_] (b) [X]
----------- ------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
----------- ------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware (limited liability company)
--------------------------------------- --------- ----------------------------------------------------------------------------
5 SOLE VOTING POWER -0-
--------- ----------------------------------------------------------------------------
NUMBER 6 SHARED VOTING POWER
OF 0 shares are directly owned by Integral Capital Partners V Side
SHARES Fund, L.P. ("Side Fund") and 0 shares are directly owned by
BENEFICIALLY Integral Capital Partners V SLP Side Fund, LLC ("SLP Side Fund").
OWNED BY EACH ICP Management 5 is the general partner of Side Fund and the
REPORTING Manager of SLP Side Fund.
PERSON --------- ----------------------------------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER -0-
--------- ----------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
-0- shares (see response to Item 6)
----------- ------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0- shares
----------- ------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES*
[_]
----------- ------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0.00%
----------- ------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON* OO
-----------------------------------------------------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
----------------------------------------------------------- --------------------------------------------------
CUSIP NO. 92534N101 13D Page 4 of 19 Pages
----------------------------------------------------------- --------------------------------------------------
----------- ------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Integral Capital Management VI, LLC ("ICM6")
----------- ------------------------------------------------------------------------------------------------------------------
2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_] (b) [X]
----------- ------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
----------- ------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware (limited liability company)
--------------------------------------- --------- ----------------------------------------------------------------------------
5 SOLE VOTING POWER -0-
--------- ----------------------------------------------------------------------------
NUMBER 6 SHARED VOTING POWER
OF 0 shares, which are directly owned by Integral Capital Partners
SHARES VI, L.P. ("ICP6"). ICM6 is the general partner of ICP6.
BENEFICIALLY --------- ----------------------------------------------------------------------------
OWNED BY EACH 7 SOLE DISPOSITIVE POWER -0-
REPORTING --------- ----------------------------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH 0 shares (see response to Item 6)
----------- ------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 shares
----------- ------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES*
[_]
----------- ------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0.00%
----------- ------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON* OO
----------- ------------------------------------------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
----------------------------------------------------------- --------------------------------------------------
CUSIP NO. 92534N101 13D Page 5 of 19 Pages
----------------------------------------------------------- --------------------------------------------------
----------- ------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Integral Capital Partners V, L.P. ("ICP5")
----------- ------------------------------------------------------------------------------------------------------------------
2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_] (b) [X]
----------- ------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
----------- ------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware (limited partnership)
--------------------------------------- --------- ----------------------------------------------------------------------------
5 SOLE VOTING POWER -0-
--------- ----------------------------------------------------------------------------
NUMBER 6 SHARED VOTING POWER
OF 0 shares are directly owned by ICP5. Integral Capital Management
SHARES V, LLC is the general partner of ICP5.
BENEFICIALLY --------- ----------------------------------------------------------------------------
OWNED BY EACH 7 SOLE DISPOSITIVE POWER -0-
REPORTING --------- ----------------------------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH 0 shares (see response to Item 6)
----------- ------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 shares
----------- ------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES*
[_]
----------- ------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0.00%
----------- ------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON* PN
----------- ------------------------------------------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
----------------------------------------------------------- --------------------------------------------------
CUSIP NO. 92534N101 13D Page 6 of 19 Pages
----------------------------------------------------------- --------------------------------------------------
----------- ------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Integral Capital Partners V Side Fund, L.P. ("Side Fund")
----------- ------------------------------------------------------------------------------------------------------------------
2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_] (b) [X]
----------- ------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
----------- ------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware (limited partnership)
--------------------------------------- --------- ----------------------------------------------------------------------------
5 SOLE VOTING POWER -0-
--------- ----------------------------------------------------------------------------
NUMBER 6 SHARED VOTING POWER
OF 0 shares are directly owned by Side Fund. ICP Management V, LLC
SHARES is the general partner of Side Fund.
BENEFICIALLY --------- ----------------------------------------------------------------------------
OWNED BY EACH 7 SOLE DISPOSITIVE POWER -0-
REPORTING --------- ----------------------------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH 0 shares (see response to Item 6)
----------- ------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 shares
----------- ------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES*
[_]
----------- ------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0.00%
----------- ------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON* PN
----------- ------------------------------------------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
----------------------------------------------------------- --------------------------------------------------
CUSIP NO. 92534N101 13D Page 7 of 19 Pages
----------------------------------------------------------- --------------------------------------------------
----------- ------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Integral Capital Partners V SLP Side Fund, LLC ("SLP Side Fund")
----------- ------------------------------------------------------------------------------------------------------------------
2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_] (b) [X]
----------- ------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
----------- ------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware (limited liability company)
--------------------------------------- --------- ----------------------------------------------------------------------------
5 SOLE VOTING POWER -0-
--------- ----------------------------------------------------------------------------
NUMBER 6 SHARED VOTING POWER
OF 0 shares, which are directly owned by Integral Capital Partners V
SHARES SLP Side Fund, LLC ("SLP Side Fund"). ICP Management V, LLC is
BENEFICIALLY the Manager of SLP Side Fund.
OWNED BY EACH --------- ----------------------------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER -0-
PERSON --------- ----------------------------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
0 shares (see response to Item 6)
----------- ------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 shares
----------- ------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES*
[_]
----------- ------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0.00%
----------- ------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON* OO
----------- ------------------------------------------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
----------------------------------------------------------- --------------------------------------------------
CUSIP NO. 92534N101 13D Page 8 of 19 Pages
----------------------------------------------------------- --------------------------------------------------
----------- ------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Integral Capital Partners VI, L.P. ("ICP6")
----------- ------------------------------------------------------------------------------------------------------------------
2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_] (b) [X]
----------- ------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
----------- ------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware (limited partnership)
--------------------------------------- --------- ----------------------------------------------------------------------------
5 SOLE VOTING POWER -0-
--------- ----------------------------------------------------------------------------
NUMBER 6 SHARED VOTING POWER
OF 0 shares, which are directly owned by ICP6. Integral Capital
SHARES Management VI, LLC is the general partner of ICP6.
BENEFICIALLY --------- ----------------------------------------------------------------------------
OWNED BY EACH 7 SOLE DISPOSITIVE POWER -0-
REPORTING --------- ----------------------------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH 0 shares (see response to Item 6)
----------- ------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 shares
----------- ------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES*
[_]
----------- ------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0.00%
----------- ------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON* PN
----------- ------------------------------------------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 9 of 19
ITEM 1(a). NAME OF ISSUER:
--------------
Vetrue Inc. (formerly Memberworks Incorporated)
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
-----------------------------------------------
680 Washington Blvd., Suite 110
Stamford, CT 06901
ITEM 2(a), (b), (c). NAME OF PERSON FILING, ADDRESS OF PRINCIPAL BUSINESS
OFFICE OR, IF NONE, RESIDENCE, AND CITIZENSHIP:
-----------------------------------------------------
This statement is being filed by Integral Capital Management
V, LLC, a Delaware limited liability company ("ICM5"), ICP Management V, LLC, a
Delaware limited liability company ("ICP Management 5") and Integral Capital
Management VI, LLC, a Delaware limited liability company ("ICM6"). The principal
business address of ICM5, ICP Management 5 and ICM6 is 3000 Sand Hill Road,
Building 3, Suite 240, Menlo Park, California 94025.
ICM5 is the general partner of Integral Capital Partners V,
L.P., a Delaware limited partnership ("ICP5"). ICP Management 5 is the general
partner of Integral Capital Partners V Side Fund, L.P., a Delaware limited
partnership ("Side Fund") and the Manager of Integral Capital Partners V SLP
Side Fund, LLC, a Delaware limited liability company ("SLP Side Fund"). ICM6 is
the general partner of Integral Capital Partners VI, L.P., a Delaware limited
partnership ("ICP6"). With respect to ICM5, ICP Management 5 and ICM6, this
statement relates only to ICM5's, ICP Management 5's and ICM6's indirect,
beneficial ownership of shares of Common Stock of the Issuer (the "Shares"). The
Shares have been purchased by ICP5, Side Fund, SLP Side Fund and ICP6, and none
of ICM5, ICP Management 5 or ICM6 directly or otherwise hold any Shares.
Management of the business affairs of ICM5, ICP Management 5 and ICM6, including
decisions respecting disposition and/or voting of the Shares, resides in a
majority of the managers of ICM5, ICP Management 5 and ICM6, respectively, such
that no single manager of ICM5, ICP Management 5, or ICM6 has voting and/or
dispositive power of the Shares.
ITEM 2(d). TITLE OF CLASS OF SECURITIES:
----------------------------
Common Stock
Page 10 of 19
ITEM 2(e). CUSIP NUMBER:
------------
92534N101
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13d-1(b), or 13d-2(b) or
(c), CHECK WHETHER THE PERSON FILING IS A:
(a) [ ] Broker or dealer registered under Section 15 of the
Exchange Act.
(b) [ ] Bank as defined in Section 3(a)(6) of the Exchange Act.
(c) [ ] Insurance company as defined in Section 3(a)(19) of the
Exchange Act.
(d) [ ] Investment company registered under Section 8 of the
Investment Company Act.
(e) [ ] An investment adviser in accordance with
Rule 13d-1(b)(1)(ii)(E);
(f) [ ] An employee benefit plan or endowment fund in accordance
with Rule 13d-1(b)(1)(ii)(F);
(g) [ ] A parent holding company or control person in accordance
with Rule 13d-1(b)(1)(ii)(G);
(h) [ ] A savings association as defined in Section 3(b) of the
Federal Deposit Insurance Act;
(i) [ ] A church plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the Investment
Company Act;
(j) [ ] Group, in accordance with Rule13d-1(b)(1)(ii)(J).
If this statement is filed pursuant to Rule 13d-1(c),
check this box. [X].
ITEM 4. OWNERSHIP.
---------
Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.
A. Integral Capital Management V, LLC ("ICM5")
(a) Amount Beneficially Owned: -0-
(b) Percent of Class: 0.00%
(c) Number of shares as to which such person has:
1. Sole power to vote or to direct vote: -0-
2. Shared power to vote or to direct vote: -0-
3. Sole power to dispose or to direct the
disposition: -0-
4. Shared power to dispose or to direct the
disposition: -0-
Page 11 of 19
B. ICP Management V, LLC ("ICP Management 5")
(a) Amount Beneficially Owned: -0-
(b) Percent of Class: 0.00%
(c) Number of shares as to which such person has:
1. Sole power to vote or to direct vote: -0-
2. Shared power to vote or to direct vote: -0-
3. Sole power to dispose or to direct the
disposition: -0-
4. Shared power to dispose or to direct the
disposition: -0-
C. Integral Capital Management VI, LLC ("ICM6")
(a) Amount Beneficially Owned: -0-
(b) Percent of Class: 0.00%
(c) Number of shares as to which such person has:
1. Sole power to vote or to direct vote: -0-
2. Shared power to vote or to direct vote: -0-
3. Sole power to dispose or to direct the
disposition: -0-
4. Shared power to dispose or to direct the
disposition: -0-
D. Integral Capital Partners V, L.P. ("ICP5")
(a) Amount Beneficially Owned: -0-
(b) Percent of Class: 0.00%
(c) Number of shares as to which such person has:
1. Sole power to vote or to direct vote: -0-
2. Shared power to vote or to direct vote: -0-
3. Sole power to dispose or to direct the
disposition: -0-
4. Shared power to dispose or to direct the
disposition: -0-
E. Integral Capital Partners V Side Fund, L.P. ("Side Fund")
(a) Amount Beneficially Owned: -0-
(b) Percent of Class: 0.00%
(c) Number of shares as to which such person has:
1. Sole power to vote or to direct vote: -0-
2. Shared power to vote or to direct vote: -0-
3. Sole power to dispose or to direct the
disposition: -0-
4. Shared power to dispose or to direct the
disposition: -0-
Page 12 of 19
F. Integral Capital Partners V SLP Side Fund, LLC ("SLP Side Fund")
(a) Amount Beneficially Owned: -0-
(b) Percent of Class: 0.00%
(c) Number of shares as to which such person has:
1. Sole power to vote or to direct vote: -0-
2. Shared power to vote or to direct vote: -0-
3. Sole power to dispose or to direct the
disposition: -0-
4. Shared power to dispose or to direct the
disposition: -0-
G. Integral Capital Partners VI, L.P. ("ICP6")
(a) Amount Beneficially Owned: -0-
(b) Percent of Class: -0-%
(c) Number of shares as to which such person has:
1. Sole power to vote or to direct vote: -0-
2. Shared power to vote or to direct vote: -0-
3. Sole power to dispose or to direct the
disposition: -0-
4. Shared power to dispose or to direct the
disposition: -0-
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
--------------------------------------------
If this statement is being filed to report the fact that as of
the date hereof the reporting person has ceased to be the beneficial owner of
more than five percent of the class of securities, check the following [ X ].
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.
Page 13 of 19
ITEM 8. IDENTIFICATION AND CLASSIFCATION 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.
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: April 14, 2005
INTEGRAL CAPITAL MANAGEMENT V, LLC
By /s/ Pamela K. Hagenah
-----------------------------------------------
Pamela K. Hagenah
a Manager
ICP MANAGEMENT V, LLC
By /s/ Pamela K. Hagenah
-----------------------------------------------
Pamela K. Hagenah
a Manager
Page 14 of 19
INTEGRAL CAPITAL MANAGEMENT VI, LLC
By /s/ Pamela K. Hagenah
-----------------------------------------------
Pamela K. Hagenah
a Manager
INTEGRAL CAPITAL PARTNERS V, L.P.
By Integral Capital Management V, LLC,
its General Partner
By /s/ Pamela K. Hagenah
-----------------------------------------------
Pamela K. Hagenah
a Manager
INTEGRAL CAPITAL PARTNERS V SIDE
FUND, L.P.
By ICP Management V, LLC
its General Partner
By /s/ Pamela K. Hagenah
-----------------------------------------------
Pamela K. Hagenah
a Manager
INTEGRAL CAPITAL PARTNERS V SLP SIDE FUND, LLC
By ICP Management V, LLC,
its Manager
By /s/ Pamela K. Hagenah
-----------------------------------------------
Pamela K. Hagenah
a Manager
Page 15 of 19
INTEGRAL CAPITAL PARTNERS VI, L.P.
By Integral Capital Management VI, LLC
its General Partner
By /s/ Pamela K. Hagenah
-----------------------------------------------
Pamela K. Hagenah
a Manager
Page 16 of 19
EXHIBIT INDEX
Found on
Sequentially
Exhibit Numbered Page
------- -------------
Exhibit A: Agreement of Joint Filing 17
Page 17 of 19
EXHIBIT A
Agreement of Joint Filing
The undersigned hereby agree that they are filing jointly
pursuant to Rule 13d-1(k)(1) of the Act the statement dated April 14, 2005
containing the information required by Schedule 13G, for the Zero (0) Shares of
capital stock of Vetrue Inc. (formerly Memberworks Incorporated) held by
Integral Capital Partners V, L.P., a Delaware limited partnership, Integral
Capital Partners V Side Fund, L.P., a Delaware limited partnership, Integral
Capital Partners V SLP Side Fund, LLC, a Delaware limited liability company, and
Integral Capital Partners VI, L.P., a Delaware limited partnership.
Date: April 14, 2005
INTEGRAL CAPITAL MANAGEMENT V, LLC
By /s/ Pamela K. Hagenah
-----------------------------------------------
Pamela K. Hagenah
a Manager
ICP MANAGEMENT V, LLC
By /s/ Pamela K. Hagenah
-----------------------------------------------
Pamela K. Hagenah
a Manager
INTEGRAL CAPITAL MANAGEMENT VI, LLC
By /s/ Pamela K. Hagenah
-----------------------------------------------
Pamela K. Hagenah
a Manager
Page 18 of 19
INTEGRAL CAPITAL PARTNERS V, L.P.
By Integral Capital Management V, LLC,
its General Partner
By /s/ Pamela K. Hagenah
-----------------------------------------------
Pamela K. Hagenah
a Manager
INTEGRAL CAPITAL PARTNERS V SIDE FUND, L.P.
By ICP Management V, LLC,
its General Partner
By /s/ Pamela K. Hagenah
-----------------------------------------------
Pamela K. Hagenah
a Manager
INTEGRAL CAPITAL PARTNERS V SLP SIDE FUND, LLC
By ICP Management V, LLC,
its Manager
By /s/ Pamela K. Hagenah
-----------------------------------------------
Pamela K. Hagenah
a Manager
Page 19 of 19
INTEGRAL CAPITAL PARTNERS VI, L.P.
By Integral Capital Management VI, LLC,
its General Partner
By /s/ Pamela K. Hagenah
-----------------------------------------------
Pamela K. Hagenah
a Manager