Art Technology Group
 | |
| Subsidiary | |
| Founded | 1991 |
| Founder |
Jeet Singh Joseph Chung |
| Headquarters | Cambridge, Massachusetts, USA |
Key people | Bob Burke, CEO |
| Revenue |
 US$179M (FY 2009)[1] |
|
US$16.8M (FY 2009)[1] | |
|
US$16.8M (FY 2009)[1] | |
| Total assets |
US$214M (FY 2009)[2] |
| Total equity |
US$136M (FY 2009)[2] |
Number of employees | 442[3] |
| Parent | Oracle Corporation |
| Website | http://www.oracle.com/us/corporate/Acquisitions/atg/ |
Art Technology Group (ATG) was an independent Internet technology company specializing in eCommerce software and on-demand optimization applications until its acquisition by Oracle on January 5, 2011. ATG continues to be based in Cambridge, Massachusetts and operates under its own name as a subsidiary of Oracle. The company is a provider of eCommerce software and related on-demand commerce optimization applications. ATG's solutions provide merchandising, marketing, content personalization, automated recommendations, and live-help services.[4]
Corporate history, acquisitions
1991: ATG is cofounded by Jeet Singh and Joseph Chung, both graduates of MIT.
1991-1996: ATG delivered consulting services for building Web sites
1997-1998: ATG transitioned to a software company offering several products including an Application Server and an e-commerce platform.
1999: ATG made its initial public offering.
2000-2003: Focused on commerce applications, business tools for content management, merchandising, marketing and analytics; shift to industry standard application servers from IBM, BEA and JBoss.
2004: ATG acquired Primus Knowledge Solutions[5] in a disputed[6][7] acquisition that closed on November 1, 2004.
2005: ATG completed the integration of the Primus applications onto the ATG Web marketing and ecommerce software platform
2006: ATG acquired eStara,[8][9] a provider of click to call, chat and call tracking solutions.
2008: ATG acquired privately held CleverSet;[10][11] the transaction closed on February 6, 2008.
2010: ATG acquired privately held InstantService;[12][13] the transaction closed on January 12, 2010.
2010: Oracle Corporation reaches an agreement with ATG to start the acquisition process of ATG into Oracle. The announcement of the acquisition agreement was made public on November 2, 2010.[14]
2011: Oracle Corporation completes its acquisition of ATG on January 5, 2011 for an estimated $1 billion, or $6.00 a share.[14]
References
- 1 2 3 Art Technology Group (ARTG) annual SEC income statement filing via Wikinvest.
- 1 2 Art Technology Group (ARTG) annual SEC balance sheet filing via Wikinvest.
- ↑ "Company Profile for Art Technology Group Inc (ARTG)". Retrieved 2008-10-21.
- ↑ "Oracle and ATG". Oracle Corp. Retrieved 27 January 2012.
- ↑ Bednarz, Ann (2004-08-16). "ATG Picks Up Primus". Networkworld.com. Retrieved 2011-08-08.
- ↑ "Mitchell-Wright Technology Group, LLC Urges Art Technology Group Shareholders to Vote Against the Merger With Primus Knowledge Solutions, Inc". Business.cbs5.com. Archived from the original on 24 July 2011. Retrieved 2011-08-08.
- ↑ "SaveATG.com at Archive.org". Web.archive.org. 2005-02-08. Retrieved 2011-08-08.
- ↑ Kurt Peters (2006-09-19). "ATG to acquire eStara in cash-and-stock deal worth up to $48 million". Internetretailer.com. Retrieved 2011-08-08.
- ↑ Bailor, Coreen (2006-09-20). "ATG Will Acquire eStara". Destinationcrm.com. Archived from the original on 24 July 2011. Retrieved 2011-08-08.
- ↑ Tuesday, January 22nd, 2008 (2008-01-22). "ATG buys CleverSet for $10 million". Techcrunch.com. Retrieved 2011-08-08.
- ↑ "CleverSet selling out to ATG for 10 million". Blog.seattlepi.nwsource.com. 2008-01-22. Retrieved 2011-08-08.
- ↑ "ATG buys InstantService for $17M". Techflash.com. 2010-01-12. Archived from the original on 24 July 2011. Retrieved 2011-08-08.
- ↑ Gregory T. Huang, XCONOMY (2010-01-11). "Seattle-based InstantService, a provider of live chat services, was acquired by Art Technology Group (NASDAQ: ARTG) of Cambridge". Seattlepi.com. Retrieved 2011-08-08.
- 1 2 Oracle buys ATG