3Sixty Buys File-Sharing WebSite DivShare

Reston, Va. – 3Sixty Enterprises, a company specialized in developing content sharing and publishing technology whose motto is “to find the Internet's best, most promising technologies, and turn them into powerful businesses through acquisition, partnership, or capital investment”, announced the acquisition said of DivShare, the developer of an increasingly popular file-sharing site located in Boston.

DivShare, originally founded by partners Rob Howard & David Altschul, has become popular as a site that enables users to upload and publish photos, videos, music and other types of files.

According to the company there are over 1 million registered users worldwide for the site.

"DivShare is a key acquisition for us," explained 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."

No pecuniary details of the contract were made public.