The company was originally modeled after CMGI but changed its business plan after the bubble burst.

"[3] In 2003, it filed bankruptcy and underwent liquidation after executives were accused of looting a subsidiary.

[11] In January 2003, creditors of RoweCom filed a lawsuit against Divine, claiming that executives fraudulently transferred $73.7 million that was due to publishers, before abandoning the business.

[13] In April 2003, Divine's assets were sold at auction to Saratoga Partners, Golden Gate Private Equity, Little Bear Investment, and Outtask, for a total of $54 million.

[14] Saratoga Partners then sold the enterprise content management business to FatWire.