FatWire acquires divine's content management line. (BI News Review).
Troubled content management software provider divine Inc, which recently filed for bankruptcy bankruptcy, in law, settlement of the liabilities of a person or organization wholly or partially unable to meet financial obligations. The purposes are to distribute, through a court-appointed receiver, the bankrupt's assets equitably among creditors and, in most protection in the US, has found a buyer for at least part of its business.
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 To receive property according to the state laws of intestate succession from a decedent who has failed to execute a valid will, or, where the term is applied in a more general sense, to receive the property of a decedent by will.
inherit v. 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 “Boston” redirects here. For other uses, see Boston (disambiguation).
Boston is the capital and most populous city of Massachusetts. The largest city in New England, Boston is considered the unofficial economic and cultural center of the entire New bankruptcy court bankruptcy court n. the specialized Federal court in which bankruptcy matters under the Federal Bankruptcy Act are conducted. There are several bankruptcy courts in each state, and each one's territory covers several counties. 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 (Java 2 Platform, Enterprise Edition) A platform from Sun for building distributed enterprise applications. J2EE services are performed in the middle tier between the user's machine and the enterprise's databases and legacy information systems. platform, while reconciling the inevitable overlaps in functionality.