FatWire Software announced it has completed the acquisition of divine’s Content Management business from Saratoga Partners, a New York private equity firm. As part of the divine bankruptcy auction, Saratoga Partners acquired certain assets of divine, including divine’s content management assets, and Saratoga Partners simultaneously transferred the content management assets to FatWire.
FatWire also announced that it had completed the sale of the Participant Server product line (formerly Eprise, Inc.) to SilkRoad Technology, Inc. FatWire will focus its efforts on its enterprise content management software, Content Server and UpdateEngine. Existing investors in FatWire, including Topspin Partners, EuclidSR Partners, Wheatley Partners and Newlight Associates, purchased additional equity in FatWire to fund the acquisition as well as to provide additional working capital to fund the company’s projected growth. www.fatwire.com
Month: June 2003 (Page 7 of 7)
Interwoven, Inc. announced that it has entered into a definitive agreement to acquire MediaBin, a digital asset management (DAM) company. The two companies announced the integration of their products in October 2002. The new joint solution will combine Interwoven Intelligence Server software for content classification and taxonomy management with MediaBin, to deliver intelligent management of rich media assets. This combination of Interwoven and MediaBin’s capabilities will allow organizations to protect their brand by ensuring consistent, accurate, and current content assets to support all enterprise products and services. This new solution will include extensions to print applications, such as Adobe InDesign, and will utilize Interwoven’s ContentServices standard for Web Service-enabled applications. The Interwoven Digital Brand Management Solution is available from Interwoven today and can be purchased for an entry price of $100K. Interwoven will market both the MediaBin DAM line of products and the combined MediaBin and Interwoven solution immediately. Interwoven client services and technical support are trained and prepared to assist customers with these products. www.interwoven.com
