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Art Technology Group

Topic: Company

 From HandWiki - Reading time: 3 min
Short description: Former independent internet technology company

{{Infobox company | name = Art Technology Group, Inc. | logo = Logo | type = Subsidiary | genre = | fate = | predecessor = | successor = Oracle Commerce | foundation = 1991 | founder = Jeet Singh
Joseph Chung | defunct = | location = Cambridge, Massachusetts, United States | locations = | area_served = | key_people = Bob Burke, CEO | industry = | services = | revenue = IncreaseUS$179M (FY 2009)[1] | operating_income = IncreaseUS$16.8M (FY 2009)[1] | net_income = IncreaseUS$16.8M (FY 2009)[1] | assets = IncreaseUS$214M (FY 2009)[2] | equity = IncreaseUS$136M (FY 2009)[2] | aum = | owner = | num_employees = 442[3] | parent = Oracle Corporation | divisions = | subsid = | homepage = www.oracle.com/us/corporate/Acquisitions/atg/ | footnotes = | intl = 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 "Joe" Taisup Chung, both graduates of MIT.[citation needed]

1991-1996: ATG delivered consulting services for building Web sites[citation needed]

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.[5]

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[6] in a disputed[7][8] 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,[9][10] a provider of click to call, chat and call tracking solutions.

2008: ATG acquired privately held CleverSet;[11][12] the transaction closed on February 6, 2008.

2010: ATG acquired privately held InstantService;[13][14] 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.[15]

2011: Oracle Corporation completes its acquisition of ATG on January 5, 2011 for an estimated $1 billion, or $6.00 a share.[15]

See also

References

  1. ↑ 1.0 1.1 1.2 Art Technology Group (ARTG) annual SEC income statement filing via Wikinvest.
  2. ↑ 2.0 2.1 Art Technology Group (ARTG) annual SEC balance sheet filing via Wikinvest.
  3. ↑ "Company Profile for Art Technology Group Inc (ARTG)". http://www.zenobank.com/index.php?symbol=ARTG&page=quotesearch. Retrieved 2008-10-21. 
  4. ↑ "Oracle and ATG". Oracle Corp.. http://www.oracle.com/us/corporate/Acquisitions/atg/index.html. Retrieved 27 January 2012. 
  5. ↑ "ATG 55 lo res inside". http://media.corporate-ir.net/media_files/irol/82/82997/atg2000ar.pdf. 
  6. ↑ Bednarz, Ann (2004-08-16). "ATG Picks Up Primus". Networkworld.com. http://www.networkworld.com/weblogs/applications/005967.html. Retrieved 2011-08-08. 
  7. ↑ "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. https://web.archive.org/web/20090406230832/http://business.cbs5.com/viacom?ID=1426604&Account=kpix&Page=NewsRead. Retrieved 2011-08-08. 
  8. ↑ "SaveATG.com at Archive.org". 2005-02-08. Archived from the original on February 8, 2005. https://web.archive.org/web/20050208103119/http://www.saveatg.com/. Retrieved 2011-08-08. 
  9. ↑ Kurt Peters (2006-09-19). "ATG to acquire eStara in cash-and-stock deal worth up to $48 million". Internetretailer.com. http://www.internetretailer.com/dailyNews.asp?id=19915. Retrieved 2011-08-08. 
  10. ↑ Bailor, Coreen (2006-09-20). "ATG Will Acquire eStara". Destinationcrm.com. Archived from the original on 24 July 2011. https://web.archive.org/web/20110724004312/http://www.destinationcrm.com/Articles/News/Daily-News/ATG-Will-Acquire-eStara-42470.aspx. Retrieved 2011-08-08. 
  11. ↑ "ATG buys CleverSet for $10 million". Techcrunch.com. 2008-01-22. https://www.techcrunch.com/2008/01/22/atg-buys-cleverset-for-10-million/. Retrieved 2011-08-08. 
  12. ↑ "CleverSet selling out to ATG for 10 million". Blog.seattlepi.nwsource.com. 2008-01-22. http://blog.seattlepi.nwsource.com/venture/archives/129971.asp. Retrieved 2011-08-08. 
  13. ↑ "ATG buys InstantService for $17M". Techflash.com. 2010-01-12. Archived from the original on 24 July 2011. https://web.archive.org/web/20110724005629/http://www.techflash.com/seattle/2010/01/atg_buys_instantservice_for_17m.html. Retrieved 2011-08-08. 
  14. ↑ 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. http://www.seattlepi.com/xconomy/414142_xconomy58298.html. Retrieved 2011-08-08. 
  15. ↑ 15.0 15.1 Oracle buys ATG

External links




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