Close
  • Latest News
  • Big Data and Analytics
  • Cloud
  • Networking
  • Cybersecurity
  • Applications
  • IT Management
  • Storage
  • Sponsored
  • Mobile
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
Read Down
Sign in
Close
Welcome!Log into your account
Forgot your password?
Read Down
Password recovery
Recover your password
Close
Search
Logo
Logo
  • Latest News
  • Big Data and Analytics
  • Cloud
  • Networking
  • Cybersecurity
  • Applications
  • IT Management
  • Storage
  • Sponsored
  • Mobile
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
More
    Home Latest News

      Divine Buys CRM Developer Synchrony

      By
      Dennis Callaghan
      -
      October 23, 2001
      Share
      Facebook
      Twitter
      Linkedin

        Venture capitalist turned software conglomerate Divine Inc. continued its acquisition spree Tuesday, announcing that it had bought privately-held customer relationship management software maker Synchrony Communications Inc.

        The deal, terms of which were not disclosed, represents a departure of sorts for Divine, which has made a name for itself by acquiring distressed public companies at fire sale prices. In Synchrony, Divine buys an upstart, fast-growing—though not yet profitable—private company.

        Cincinnati-based Synchrony develops multi-channel customer service, sales and marketing software, built on a Java 2 Enterprise Edition platform. Some of its technology is used in the PeopleSoft Inc.s PeopleSoft 8 CRM suite.

        Technology from Synchrony and another recent Divine acquisition, eshare Communications Inc., will be the foundation for Divines customer interaction management technology offerings, said Divine officials, in Chicago. Company officials said the customer interaction management offerings would then be able to integrate with the content management and e-commerce software Divine has acquired.

        Last week Divine completed four previously announced acquisitions, including its purchases of eshare, Open Market Inc., Intira Corp. and MarchFirst Corp.s HostOne application hosting unit. Synchrony is the twelfth software, services or investment company that Divine has acquired, or announced plans to acquire, since February.

        Divine was formed two years ago as Divine Interventures Inc. after Andrew “Flip” Filipowski had sold his previous company, Platinum Technology International Inc., which he had bought more than 70 companies. Divine Interventures originally set out to form a network of startup companies that it had invested in, all centered around business-to-business e-commerce.

        As the tech market soured and stock prices plummeted, CEO Filipowski and the company found it to be a lot easier and cost-effective to just buy existing companies at low prices.

        Dennis Callaghan

        MOST POPULAR ARTICLES

        Big Data and Analytics

        Alteryx’s Suresh Vittal on the Democratization of...

        James Maguire - May 31, 2022 0
        I spoke with Suresh Vittal, Chief Product Officer at Alteryx, about the industry mega-shift toward making data analytics tools accessible to a company’s complete...
        Read more
        Cybersecurity

        Visa’s Michael Jabbara on Cybersecurity and Digital...

        James Maguire - May 17, 2022 0
        I spoke with Michael Jabbara, VP and Global Head of Fraud Services at Visa, about the cybersecurity technology used to ensure the safe transfer...
        Read more
        Cloud

        IGEL CEO Jed Ayres on Edge and...

        James Maguire - June 14, 2022 0
        I spoke with Jed Ayres, CEO of IGEL, about the endpoint sector, and an open source OS for the cloud; we also spoke about...
        Read more
        Applications

        Cisco’s Thimaya Subaiya on Customer Experience in...

        James Maguire - May 10, 2022 0
        I spoke with Thimaya Subaiya, SVP and GM of Global Customer Experience at Cisco, about the factors that create good customer experience – and...
        Read more
        Big Data and Analytics

        GoodData CEO Roman Stanek on Business Intelligence...

        James Maguire - May 4, 2022 0
        I spoke with Roman Stanek, CEO of GoodData, about business intelligence, data as a service, and the frustration that many executives have with data...
        Read more
        Logo

        eWeek has the latest technology news and analysis, buying guides, and product reviews for IT professionals and technology buyers. The site’s focus is on innovative solutions and covering in-depth technical content. eWeek stays on the cutting edge of technology news and IT trends through interviews and expert analysis. Gain insight from top innovators and thought leaders in the fields of IT, business, enterprise software, startups, and more.

        Facebook
        Linkedin
        RSS
        Twitter
        Youtube

        Advertisers

        Advertise with TechnologyAdvice on eWeek and our other IT-focused platforms.

        Advertise with Us

        Menu

        • About eWeek
        • Subscribe to our Newsletter
        • Latest News

        Our Brands

        • Privacy Policy
        • Terms
        • About
        • Contact
        • Advertise
        • Sitemap
        • California – Do Not Sell My Information

        Property of TechnologyAdvice.
        © 2022 TechnologyAdvice. All Rights Reserved

        Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.

        ×