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词条 Divine (corporation)
释义

  1. History

  2. References

{{Infobox company
| name = divine, inc.
| fate = Bankruptcy and liquidation
| foundation = {{start date and age|1999}}
| founder = Andrew Filipowski
| defunct = {{end date and age|2003|04}}
| location = Chicago
| revenue = {{increase}} $199 million (2001)
| net_income = {{increase}} -$369 million (2001)
| assets = {{increase}} $874 million (2001)
| equity = {{decrease}} $251 million (2001)
| num_employees = 3,600 (2001)
| footnotes = [1]
}}Divine, originally Divine Interventures was a company that invested in internet companies during the dot-com bubble. The company was originally modeled after CMGI but changed its business plan after the bubble burst.[2]

The company's tagline was "an Internet Zaibatsu" and the company's goal was to create "a family of businesses that work collaboratively to create mutual opportunity and gain."[2]

In 2003, it filed bankruptcy and underwent liquidation after executives were accused of looting a subsidiary.

History

The company was founded by Andrew Filipowski in 1999.

The company had 38 people on board of directors, including Michael Jordan, and on February 3, 2001, 27 members resigned as the company attempted to streamline its management.[3]

In July 2000, as the dot-com bubble burst, the company became a public company via an initial public offering.[4][5]

In February 2001, the company changed its name from Divine Interventures to Divine.[6]

In April 2001, the company acquired most of the assets of MarchFirst for $120 million.[7][8]

In May 2001, the company agreed to acquire RoweCom for $14 million in stock.[9]

In July 2001, the company agreed to acquire eShare for $71 million in stock.[10]

In August 2001, the company agreed to acquire Open Market for $59 million in stock.[11]

In January 2003, creditors of RoweCom filed a lawsuit against Divine, claiming that executives fraudulently transferred $73.7 million that was due to publishers, before abandoning the business.[12]

On February 25, 2003, the company filed bankruptcy.[13]

In April 2003, Divine's assets were sold at auction to Saratoga Partners, Golden Gate Private Equity, Little Bear Investment, and Outtask, for a total of $54 million.[14] Saratoga Partners then sold the enterprise content management business to FatWire.[15] The Open Market patents were acquired by Soverain Software.

References

1. ^{{cite web | url=https://www.sec.gov/Archives/edgar/data/1097516/000091205702013081/a2074175z10-k405.htm | title=divine, inc. 2001 Form 10-K Annual Report | publisher=U.S. Securities and Exchange Commission}}
2. ^{{cite news | url=http://www.chicagobusiness.com/article/20000122/ISSUE01/100013756/divining-divine-interventures | title=Divining Divine InterVentures | first=Barbara | last=Rose | work=Crain Communications | date=January 22, 2000}}
3. ^{{cite web | url=https://www.sec.gov/Archives/edgar/data/1097516/000095013101000658/0000950131-01-000658.txt | title=FORM 8-K | publisher=U.S. Securities and Exchange Commission | date=February 2, 2001}}
4. ^{{cite news | url=https://www.wsj.com/articles/SB963413949706398779 | title=Divine interVentures' IPO Disappoints Wall Street | work=The Wall Street Journal | date=July 13, 2000}}{{subscription required}}
5. ^{{cite news | url=http://articles.chicagotribune.com/2000-07-13/business/0007130448_1_ipo-first-albany-corp-stock | title=Divine Shares Fizzle On 1st Day Of Trading | first=Rob | last=Kaiser | work=Chicago Tribune | date=July 13, 2000}}
6. ^{{cite news | url=http://articles.chicagotribune.com/2001-02-14/business/0102140347_1_platinum-technology-international-computer-associates-international-software-firm | title=Divine Difference In Filipowski's Plan | first=Barbara | last=Rose | work=Chicago Tribune | date=February 14, 2001}}
7. ^{{cite news | url=http://money.cnn.com/2001/04/12/companies/marchfirst/index.htm | title=marchFIRST files Chap. 11 | work=CNNMoney | date=April 12, 2001}}
8. ^{{cite news | url=https://www.bizjournals.com/austin/stories/2001/04/02/daily13.html | title=Divine acquires MarchFirst offices | work=American City Business Journals | date=April 3, 2001}}
9. ^{{cite news | url=https://www.nytimes.com/2001/05/25/business/technology-briefing-software-divine-in-stock-deal-for-rowecom.html | title=Divine In Stock Deal For Rowecom | first=CATHERINE | last=GREENMAN | work=The New York Times | date=May 25, 2001}}
10. ^{{cite news | url=http://articles.chicagotribune.com/2001-07-10/business/0107100193_1_eshare-rowecom-web-based | title=Divine's buying spree continues | first=Barbara | last=Rose | work=Chicago Tribune | date=July 10, 2001}}
11. ^{{cite news | url=https://www.computerworld.com/article/2583384/enterprise-applications/divine-to-buy-open-market.html | title=Divine to buy Open Market | first=Brian | last=Sullivan | work=Computerworld | date=August 16, 2001}}
12. ^{{cite news | url=http://articles.chicagotribune.com/2003-01-29/business/0301290279_1_rowecom-divine-creditors-lawsuit | title=Lawsuit: Divine looted company | first=Rob | last=Kaiser | work=Chicago Tribune | date=January 29, 2003}}
13. ^{{cite news | url=https://www.theregister.co.uk/2003/02/27/divine_inc_files_for_chapter/ | title=Divine Inc. files for Chapter 11 | work=The Register | date=February 27, 2003}}
14. ^{{cite news | url=http://www.chicagobusiness.com/article/20030502/NEWS01/20008731/flip-not-a-bidder-for-divine-assets | title='Flip' not a bidder for Divine assets | first=Julie | last=Johnsson | work=Crain Communications | date=May 2, 2003}}
15. ^{{cite press release | url=https://www.businesswire.com/news/home/20030602005204/en/FatWire-Completes-Acquisition-Divines-Enterprise-Content-Management | title=FatWire Completes Acquisition of Divine's Enterprise Content Management Business | publisher=Business Wire | date=June 2, 2003}}
{{DEFAULTSORT:Divine (Corporation)}}

6 : 2000 initial public offerings|Companies established in 1999|Companies disestablished in 2003|Defunct companies based in Illinois|Defunct online companies of the United States|Dot-com bubble

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