FatWire Completes Acquisition of divine's ECM Business

Jun 03, 2003


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FatWire Software has completed the acquisition of divine's content management business from Saratoga Partners, a New York private equity firm. As part of the divine bankruptcy auction, Saratoga Partners acquired certain assets of divine, including divine's content management assets, and Saratoga Partners simultaneously transferred the content management assets to FatWire. FatWire has also announced that it had completed the sale of the Participant Server product line (formerly Eprise, Inc.) to SilkRoad Technology, Inc. FatWire will focus its efforts on its enterprise content management software, Content Server and UpdateEngine, and its customers. Existing investors in FatWire, including Topspin Partners, EuclidSR Partners, Wheatley Partners, and Newlight Associates, purchased additional equity in FatWire to fund the acquisition as well as to provide additional working capital to fund the company's projected growth.

(http://www.fatwire.com)