FatWire Picks Up Divines CM Business
FatWire, which develops its own content management software under the UpdateEngine brand, as well as the Spark portal content management application, gets Divines Content Server and Participant Server products and their combined 300 customer accounts.
Terms of the deal were not disclosed, though it was funded by Saratoga Partners, a New York private equity firm. FatWire is a privately-held company also based in New York. It was launched in 1996.
Divine, a Chicago-based company formed from the acquisition of more than a dozen Internet-related software and services companies, filed for bankruptcy protection in late February. Divine had completed its initial public offering in July 2000 after starting life as a venture capital firm, Divine interVentures Inc., in 1999.
The companys content management business had been formed from the acquisitions of Open Market Inc. and Eprise Corp. in 2001. Content Server (Open Market) was targeted at large enterprises and Participant Server (Eprise) was marketed to small-to-medium-sized businesses.
Both products, like FatWires current technology, are developed on the Java 2 Enterprise Edition platform.
FatWire officials pledge so far to continue to support the Divine products. A company spokeswoman said that long term, FatWire plans to integrate the Divine technology with its own and form a single product, but gave no timeframe for this.
"Divines content management business is highly complementary to FatWires J2EE dynamic content management product line, and the technologies are an excellent match," said FatWire CTO Ari Kahn in a statement.
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