FatWire Completes Acquisition of Divine's Enterprise Content Management Business

MINEOLA, N.Y.--()--June 2, 2003--FatWire Software today 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 today 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, and its over 300 world wide customers. FatWire's award-winning J2EE content management software products complement and enhance divine's enterprise content management product lines

Content Server mixes content functionality with a high-performance technology base and provides an open, extensible framework for growth. Customers regularly leverage Content Server's J2EE architecture to build their own dynamic, content-driven applications and world-class Web sites.

"This is a significant acquisition for FatWire; this move will provide us with the critical mass to be the leader in enterprise content management," said Mark Fasciano, FatWire's CEO." This is also extremely significant for divine's content server client base. FatWire's products and the content server have the strongest technical synergy of any two CM companies and solutions."

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. "The investors who funded this transaction and our growth plan, together with their affiliates, collectively manage more than $4 billion in investment funds and provide a solid foundation for the combined companies' future growth," commented Fasciano. "We are all committed to making FatWire the undisputed leader in enterprise content management." About FatWire Software

FatWire Software is a leading provider of dynamic enterprise content management software. FatWire's powerful content management software is a leading choice for portal content management, content centric applications and Global 2000 Web sites. Founded in 1996, FatWire Software is headquartered in New York and operates offices throughout the world. For specific information about FatWire, please call 516-328-9473 x424 or visit www.fatwire.com/. This press release contains statements and information that constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward looking statements may be indicated by phrases such as "believes," "anticipates," "expects," "intends," "foresees," "projects," "forecasts," or words of similar meaning or import. Such statements are subject to significant risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those set forth in the applicable forward-looking statement.

Contacts

FatWire Software
Beth Torrie
516/328-9473 x424
beth.torrie@fatwire.com

Contacts

FatWire Software
Beth Torrie
516/328-9473 x424
beth.torrie@fatwire.com