Art Technology Group

Art Technology Group, Inc.
Subsidiary
Successor Oracle Commerce
Founded 1991
Founder Jeet Singh
Joseph Chung
Headquarters Cambridge, Massachusetts, United States
Key people
 Bob Burke, CEO
Revenue IncreaseUS$179M (FY 2009)[1]
IncreaseUS$16.8M (FY 2009)[1]
IncreaseUS$16.8M (FY 2009)[1]
Total assets IncreaseUS$214M (FY 2009)[2]
Total equity IncreaseUS$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. 1 2 3 Art Technology Group (ARTG) annual SEC income statement filing via Wikinvest.
  2. 1 2 Art Technology Group (ARTG) annual SEC balance sheet filing via Wikinvest.
  3. ↑ "Company Profile for Art Technology Group Inc (ARTG)". Retrieved 2008-10-21.
  4. ↑ "Oracle and ATG". Oracle Corp. Retrieved 27 January 2012.
  5. ↑ Bednarz, Ann (2004-08-16). "ATG Picks Up Primus". Networkworld.com. Retrieved 2011-08-08.
  6. ↑ "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 April 6, 2009. Retrieved 2011-08-08.
  7. ↑ "SaveATG.com at Archive.org". Web.archive.org. 2005-02-08. Archived from the original on February 8, 2005. Retrieved 2011-08-08.
  8. ↑ 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.
  9. ↑ Bailor, Coreen (2006-09-20). "ATG Will Acquire eStara". Destinationcrm.com. Archived from the original on 24 July 2011. Retrieved 2011-08-08.
  10. ↑ "ATG buys CleverSet for $10 million". Techcrunch.com. 2008-01-22. Retrieved 2011-08-08.
  11. ↑ "CleverSet selling out to ATG for 10 million". Blog.seattlepi.nwsource.com. 2008-01-22. Retrieved 2011-08-08.
  12. ↑ "ATG buys InstantService for $17M". Techflash.com. 2010-01-12. Archived from the original on 24 July 2011. Retrieved 2011-08-08.
  13. ↑ 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.
  14. 1 2 Oracle buys ATG
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.