Art Technology Group

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Art Technology Group, Inc.

logo
legal form Corporation
founding December 1991
resolution 2011
Reason for dissolution Takeover by Oracle
Seat Cambridge United StatesUnited StatesUnited States 
Number of employees 545
sales $ 179 million
Branch E-commerce
As of December 31, 2009

Art Technology Group, Inc. (ATG) was an independent internet technology company specializing in e-commerce and on-demand optimization applications. ATG was acquired by Oracle on January 5, 2011 . ATG is still based in Cambridge , Massachusetts and operates under its own name as a subsidiary of Oracle. ATG solutions provide merchandising, marketing, content personalization, automated recommendations and live support services.

Company history and acquisitions

The ATG was founded in 1991 by Jeet Singh and Joseph Chung, both graduates of the Massachusetts Institute of Technology (MIT, Massachusetts Institute of Technology ). Until 1996, the company provided consulting services for building websites from the beginning of the Internet era. In 1997/98 it developed into a software company that offered several products, including an e-commerce platform and an application server.

After going public in 1999, ATG 2000–2003 focused on commercial applications, that is to say on business applications for sales promotion, content management, marketing and analysis. At the same time, she concentrated on the industry standard with application servers from IBM , BEA (Oracle) and WildFly (Red Hat).

In 2004, ATG acquired Primus Knowledge Solutions in a controversial acquisition that closed on November 1, 2004. In the following years she took over other companies such as Stara, a provider of Click-t-Call, chat and call tracking solutions (2006), CleverSet (2008, the transaction will be completed on February 6, 2008) and InstantService (2010, the transaction will close on January 12, 2010). The latter two companies were privately owned at the time of the takeover.

In 2005 ATG completed the integration of Primus applications on the ATG Web Marketing and E-Commerce software platform. In 2010, Oracle Corporation and ATG agreed to start the acquisition process of ATG by Oracle. The announcement of the acquisition agreement was published on November 2, 2010. Oracle closed the acquisition on January 5, 2011 for an estimated $ 1 billion, or $ 6.00 per share.

Web links

Individual evidence

  1. ↑ a b ART TECHNOLOGY GROUP INC - FORM 10-K - February 1, 2010
  2. ^ Oracle and ATG , Retrieved January 27, 2012.
  3. ^ ATG Picks Up Primus , accessed August 8, 2011.
  4. ^ Mitchell-Wright Technology Group, LLC Urges Art Technology Group Shareholders to Vote Against the Merger With Primus Knowledge Solutions, Inc , Retrieved August 8, 2011
  5. ↑ SaveATG.com ( Memento of 8 February 2005 at the Internet Archive ) , Retrieved August 8, 2011th
  6. ↑ ATG to acquire eStara in cash-and-stock deal worth up to $ 48 million ( Memento April 6, 2009 on the Internet Archive ) , Retrieved August 8, 2011.
  7. ↑ ATG Will Acquire eStara , Retrieved August 8, 2011th
  8. ↑ ATG buys CleverSet for $ 10 million , Accessed August 8, 2011.
  9. ↑ CleverSet selling out to ATG for 10 million , accessed August 8, 2011.
  10. ↑ ATG buys instant service for $ 17M , Retrieved August 8, 2011th
  11. ↑ Gregory T. Huang, Xconomy: Seattle-based Instant Service, a provider of live chat services, which acquired by Art Technology Group (NASDAQ: ARTG) of Cambridge , Retrieved August 8, 2011th
  12. ↑ a b Oracle buys ATG