|Divine May File for Bankruptcy|
Tuesday February 18, 8:55 am ET
CHICAGO (Reuters) - Software services firm Divine Inc. (NasdaqNM:DVIN - News), which has struggled amid a prolonged slump in technology spending, on Tuesday said it would explore strategic alternatives, including filing for bankruptcy protection.
Divine, an Internet incubator turned business software developer, said it had hired Broadview International LLC to advise it on its options, which could also include divesting assets or similar deals.
Divine said it is in active discussions to sell several businesses or assets.