DVIN reported, take a look at the volume in a/h
divine, inc. Reports Results for the Third Quarter 2001 Including Cash Position of $176 Million
-- Third quarter revenue grew 250% from the third quarter of 2000 -- Pro forma annual revenue now exceeds $700 million -- Acquired 29 companies in the last year -- Expanded customer base to over 20,000 clients
CHICAGO, Nov 12, 2001 /PRNewswire via COMTEX/ -- divine, inc., (Nasdaq: DVIN chart, msgs), a premier integrated solutions provider focused on the extended enterprise, today reported results for the quarter ended September 30, 2001, including third quarter consolidated revenues of $48.1 million and $175.8 million in cash, cash equivalents and securities.
Within the last year, divine has acquired 29 companies. These include, most recently, publicly traded eshare communications, Open Market, and RoweCom, as well as the European operations of the former marchFIRST GmbH, privately held Synchrony Communications and Fracta Networks, and the asset purchases of Intira and HostOne. divine also recently announced definitive agreements to acquire Eprise Corp., (Nasdaq: EPRS chart, msgs), and Data Return Corp., (Nasdaq: DRTN chart, msgs).
divine's completed transactions increase the combined organization's annual revenue base to more than $700 million, on a pro forma basis, and position divine to deliver extended enterprise solutions to a diversified customer base exceeding 20,000 clients, with a focus on Global 5000, high- growth middle market companies, academic and government organizations. According to Software Magazine, divine is ranked among the 100 largest global software / services firms on the basis of annual revenue.
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