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To: Oeconomicus who wrote (8081)	2/24/2003 10:22:03 PM
From: TEDennis	Read Replies (2) \| Respond to of 9677

Anybody looking to acquire a CRM company? Divine considers options to protect operations By Network World staff FEBRUARY 24, 2003 Software maker Divine Inc. announced that after months of cost cutting, it will explore strategic alternatives -- including filing for bankruptcy protection -- to protect its operations. A one-time business incubator, Divine today sells a range of software, including customer relationship management, content management and collaboration applications. The company was founded in 1999 by entrepreneur Andrew Filipowski, who today is chairman and CEO. The company says it has worked over the past several months to minimize operating expenses and various liabilities. However, its board of directors has determined that Divine must seek alternatives. The company reported a net loss of $159.8 million for the nine months ended Sept. 30. Merger and acquisition adviser Broadview International will help Divine explore its options, which could include asset divestitures and Chapter 11 bankruptcy filing. Divine says it currently is involved in discussions to sell several of its businesses and assets. computerworld.com