CHICAGO, Oct. 23 -- divine, inc., (Nasdaq: DVIN), announced that its acquisition of eshare communications, Inc., (Nasdaq: ESHR), closed today. The acquisition was approved last week at concurrent special meetings of divine and eshare shareholders. Also today, divine announced its acquisition of privately held Synchrony Communications, Inc., an innovative customer interaction management suite provider. Together, these acquisitions position divine as a leader in providing solutions for the customer interaction cycle, including inbound and outbound call management.
The common stock of eshare communications, Inc. has ceased trading as of the close of business today, Tuesday, October 23, 2001, and will no longer be listed on the Nasdaq National Market.
Pursuant to the merger agreement, each common stockholder of eshare will receive 3.12 shares of divine Class A common stock for each share of eshare common stock. The exchange agent will send eshare shareholders written instructions for exchanging their share certificates for certificates representing divine stock.
Additional information about the transaction is available in divine`s Joint Proxy Statement / Prospectus dated September 17, 2001 relating to the eshare transaction, copies of which are available at: http://www.sec.gov or http://www.edgar-online.com .
About divine, inc.
divine, inc., (Nasdaq: DVIN) is focused on extended enterprise solutions. Through professional services, software services and managed services, divine extends business systems beyond the edge of the enterprise throughout the entire value chain, including suppliers, partners and customers. divine offers single-point accountability for end-to-end solutions that enhance profitability through increased revenue, productivity, and customer loyalty. The company provides expertise in consulting, collaboration, interaction, hosting and knowledge solutions that enlighten, empower and extend enterprise systems.
Founded in 1999, divine focuses on Global 5000 and high-growth middle market firms, government agencies, and educational institutions, and currently serves over 2,000 customers. For more information, visit the company`s Web site at http://www.divine.com .
Safe Harbor Statement
The statements contained in this news release that are forward-looking are based on current expectations that are subject to a number of uncertainties and risks, and actual results may differ materially. The uncertainties and risks include, but are not limited to: divine`s ability to successfully implement its acquisition strategy, including its ability to integrate the operations, personnel, products, and technologies of, and address the risks associated with, acquired companies; the overall performance and operating results of acquired companies; divine`s limited operating history and new and evolving business strategy; divine`s ability to expand its customer base and achieve and maintain profitability; divine`s ability to predict revenues from project-based engagements; divine`s ability to execute its integrated Web- based technology, professional services, and managed applications strategy; divine`s ability to develop new products and services and enhance and support existing products and services; divine`s ability to maintain its vendor and strategic partner relationships and retain key employees; increasing competition from other providers of software solutions and professional services; divine`s ability to keep pace with technological developments and industry requirements; divine`s ability to address the risks associated with international operations; divine`s ability to maintain its Nasdaq listing; fluctuations in the trading price and volume of divine`s stock; and other unanticipated events and conditions. For further information about these and other risks, uncertainties, and contingencies, please review the disclosure under the captions "Risk Factors" and "Cautionary Statement Regarding Forward- Looking Statements" in divine`s Registration Statement on Form S-4 filed with the SEC on October 9, 2001 and as amended from time to time. You should not place undue reliance on these forward-looking statements, which reflect management`s analysis, judgment, belief, or expectation only as of the date hereof. Except as required by federal securities laws, divine undertakes no obligation to publicly revise these forward-looking statements or risks, uncertainties, or contingencies to reflect events or circumstances that arise after the date hereof.
divine is a trademark of divine, inc. All other trademarks, trade names and service marks referenced herein are the properties of their respective companies.
Director of Investor Relations
Brenda Lee Johnson
Investor Relations Manager
+44 0 20 7070 9520