Divine Files Chapter 11



Divine Inc., the software conglomerate pieced together by CEO Andrew "Flip" Filipowski, has filed for Chapter 11 bankruptcy protection. The company, which tried to scarf up bargain-priced software and IT services companies after the tech-market bust, has been publicly traded since 2000, and before that had such blue-chip backers as Microsoft and Dell Computer. Buyout firm GTCR Golder Rauner has made an offer to acquire the company.

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