Art Technology Group

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]

Art Technology Group, Inc.
TypeSubsidiary
SuccessorOracle Commerce
Founded1991
FounderJeet Singh
Joseph Chung
HeadquartersCambridge, Massachusetts, United States
Key people
Bob Burke, CEO
RevenueUS$179M (FY 2009)[1]
US$16.8M (FY 2009)[1]
US$16.8M (FY 2009)[1]
Total assetsUS$214M (FY 2009)[2]
Total equityUS$136M (FY 2009)[2]
Number of employees
442[3]
ParentOracle Corporation
Websitewww.oracle.com/us/corporate/Acquisitions/atg/

Corporate history, acquisitions

1991: ATG is cofounded by Jeet Singh and Joseph "Joe" Taisup 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.[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]

References
  1. Art Technology Group (ARTG) annual SEC income statement filing via Wikinvest.
  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. "ATG 55 lo res inside" (PDF). Media Corporate. Retrieved 14 May 2020.
  6. Bednarz, Ann (2004-08-16). "ATG Picks Up Primus". Networkworld.com. 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. Retrieved 2011-08-08.
  8. "SaveATG.com at Archive.org". Web.archive.org. 2005-02-08. Archived from the original on February 8, 2005. 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. Retrieved 2011-08-08.
  10. Bailor, Coreen (2006-09-20). "ATG Will Acquire eStara". Destinationcrm.com. Archived from the original on 24 July 2011. Retrieved 2011-08-08.
  11. "ATG buys CleverSet for $10 million". Techcrunch.com. 2008-01-22. Retrieved 2011-08-08.
  12. "CleverSet selling out to ATG for 10 million". Blog.seattlepi.nwsource.com. 2008-01-22. Retrieved 2011-08-08.
  13. "ATG buys InstantService for $17M". Techflash.com. 2010-01-12. Archived from the original on 24 July 2011. 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. Retrieved 2011-08-08.
  15. Oracle buys ATG
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