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divine Named 'Rising Star' in Deloitte & Touche Technology 'Fast 500' Program

divine's Revenue Growth of More Than 19,000% Over Last Three Years Makes it One of the Fastest-Growing Technology Companies in North America

CHICAGO, Oct. 17 /PRNewswire-FirstCall/ -- divine, inc., (Nasdaq: DVIN - News), a leading provider of solutions for the extended enterprise, today announced that it has been named a Rising Star on the 2002 Deloitte & Touche Technology Fast 500, a ranking of the 500 fastest-growing technology companies in North America. A special category of 25 Rising Star winners, companies in business less than five years, but at least three years, are ranked based on percentage of growth in revenues over three years (1999 to 2001). divine's three-year revenue growth of 19,148 percent gave it a first-place ranking in the Fast 50 "Rising Star" category for Chicagoland and a second-place ranking among companies in North America. The average increase in revenues among companies that made the Fast 500 was 6,772 percent during the last five years.

"We at divine are very proud to be recognized among the very fastest-growing technology companies in North America," said divine Chairman and Chief Executive Officer Andrew "Flip" Filipowski. "We identified early on the market need for solutions that help companies better interact and collaborate through their value chain, and attribute our rapid growth to our ability to acquire, integrate, and grow the leading technologies and services that enable Extended Enterprise solutions and serve our 20,000-plus customer base. We expect to see growing demand for our solutions as companies embrace Extended Enterprise strategies that demonstrate a real impact on the bottom line."

divine's Extended Enterprise offering includes a full line of software, professional services and managed services that allow customers to extend their business processes beyond the four walls of their enterprise to reach out to every key audience, including customers, partners, vendors and employees. These integrated solutions help organizations drive profitability and competitive advantage.

"To rank on the Deloitte & Touche Technology Fast 500 Rising Star, companies must have phenomenal revenue growth in a three-year period. divine has proven to be one of the fast-growth success stories, and we applaud its vision," said Mark A. Evans, managing director, Deloitte & Touche Technology, Media, & Telecommunications Group.

In September, divine was named as the fastest-growing technology company in the Chicago area, making it eligible for the Deloitte & Touche Technology Fast 500 program, which ranks North America's top 500 fastest-growing technology companies. To qualify as a Fast 500 Rising Star, companies must have had operating revenues of at least $50,000 USD in 1999 and $75,000 CD for the United States and Canada, respectively, must be public or private companies headquartered North America, and be "technology companies" defined as companies that own proprietary technology which contributes to a significant portion of the company's operating revenues or devotes a high percentage of effort to research and development of technology.

For more information on the Deloitte & Touche Fast 50 or Fast 500 programs, visit www.fast500.com.

About Deloitte & Touche

Deloitte & Touche, one of the nation's leading professional services firms, provides assurance and advisory, tax, and management consulting services through nearly 30,000 people in more than 100 U.S. cities. The firm is dedicated to helping its clients and its people excel. Known as an employer of choice for innovative human resources programs, Deloitte & Touche has been recognized as one of the "100 Best Companies to Work for in America" by Fortune magazine for five consecutive years. Deloitte & Touche refers to Deloitte & Touche LLP and its related entities. Deloitte & Touche is the U.S. national practice of Deloitte Touche Tohmatsu. Deloitte Touche Tohmatsu is a Swiss Verein, and each of its national practices is a separate and independent legal entity. For more information, please visit Deloitte & Touche's Web site at www.deloitte.com.

About divine, inc.

divine, inc., (Nasdaq: DVIN - News) 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 collaboration, interaction, 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 20,000 customers. For more information, visit the company's Web site at www.divine.com.

divine is a trademark of divine, inc. All other trademarks, trade names and service marks referenced herein are the properties of their respective companies.



 
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