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.
CONTACT:
Investment Professionals
Paul Scheeler
Director of Investor Relations
+1-773-394-6826
paul.scheeler@divine.com
Individual Investors
Brenda Lee Johnson
Investor Relations Manager
+1-773-394-6873
brenda.johnson@divine.com
MediaInquiries
Susan Burke
+1-773-394-6746
susan.burke@divine.com
or
Anne Schmitt
+1-773-394-6827
anne.schmitt@divine.com
International Media-Investors
Chris Blaik
+44 0 20 7070 9520
chris.blaik@divine.com
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