DivShare Acquired by 3Sixty Enterprises

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Company Led by Internet Veterans to Accelerate Site Enhancements and New Features. Sees Acquisition as Significant Step Towards Ultimate Web-publishing Vision.

We were looking for a company that was serious about growing the business, and improving the DivShare experience

3Sixty Enterprises, LLC (http://www.3sixtyweb.com), a leading innovator in Web technologies, today announced that it has acquired the extraordinarily popular file-sharing site DivShare (http://www.divshare.com). Terms of the purchase were not disclosed. Headquartered in Boston, Massachusetts, DivShare is privately held, and is owned and operated by founding partners Rob Howard & David Altschul.

Divshare is an industry-leading, award-winning file sharing Website that enables users to easily upload and publish photos, videos, music, and other files for friends, family, and colleagues. DivShare is one of the world's most popular file-publishing sites, with over a million users registered worldwide.

"DivShare is a key acquisition for us," said Donna Hemmert, 3Sixty CEO. "Their team has done a tremendous job growing the DivShare user base, and they have done it by providing exactly the services and features their customers want. We are ready to take the site--and our valuable and dedicated users--to the next level by enhancing features and expanding our services. DivShare is a huge piece of the overall vision of 3Sixty."

The 3Sixty executive team has vast experience in online technology, reaching back to the beginning of the Internet. Their achievements include creating one of the first useful Internet apps--NCSA Telnet--which became the foundation for InterCon (the first Internet software company for the Macintosh), as well as founding the first ISP in Japan. Their combined technology experience comes from premier high-tech companies such as Netscape, Verizon Wireless, AT&T, PSINet, Sybase, Lucent, InterCon, Roku Technologies, Inter.net, and OptiView Technologies.

"We were looking for a company that was serious about growing the business, and improving the DivShare experience," said Rob Howard, DivShare founder and President. "Given 3Sixty's track record in technology innovation, I know that they are going to bring a lot to the DivShare community--this acquisition is a perfect fit."

Though cofounded by Howard and his partner David Altshcul "in the garage" and without ever taking capital, DivShare has been exceptionally well-received in the file-sharing space, rivaling venture-backed enterprises such as Box.net and YouSendIt, both in user traffic and feature sets. The new management team intends to increase the R&D efforts underway and accelerate the rollout of enhanced services.

About DivShare
DivShare is the world's leading file-sharing site, providing an easy and secure way to share music, video, photos, and any other type of file with friends, family, and colleagues. DivShare creates an online home for all your files in a well organized, easily sharable, and elegantly displayed system all in one place, accessible from any computer in the world.

About 3Sixty Enterprises, LLC
3Sixty Enterprises is a leading content sharing and publishing company, formed by Internet and technology veterans to bring together complementary technologies that fulfill the vision of personal content sharing, with complete personal control. For more information on 3Sixty, please visit http://www.3sixtyweb.com.

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Jason Wauer
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