FatWire acquires divine's content management line. (BI News Review).
FatWire Software Corp, which bills itself as a developer of complementary J2EE-based dynamic content management software, has announced that it will step in and buy divine's enterprise content management software line.
FatWire will specifically inherit Chicago, Illinois-based divine's Content Server (formerly OpenMarket), Participant Server (formerly developed by Eprise Corp) and a 300 strong customer base, including the likes of JP Morgan and Ford.
The sale of the product line to New York-based FatWire will be implemented simultaneously as part of a Boston, Massachusetts bankruptcy court decision to approve the sale of divine's content management assets to Saratoga Partners, a private equity firm.
The transaction is expected to close in the next few days. However, FatWire now faces the significant challenge of bringing together divine's disparate technologies and code-bases into its own J2EE platform, while reconciling the inevitable overlaps in functionality.
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|Publication:||MarketWatch: Business Intelligence|
|Date:||Jun 19, 2003|
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