Art Technology Group

Last updated

Art Technology Group, Inc.
Company type Subsidiary
Nasdaq: ARTG
Founded1991;33 years ago (1991)
FounderJeet Singh
Joseph Chung
SuccessorOracle Commerce
Headquarters Cambridge, Massachusetts, United States
Key people
Bob Burke (CEO)
RevenueIncrease2.svg US$179M (FY 2009) [1]
Increase2.svg US$16.8M (FY 2009) [1]
Increase2.svg US$16.8M (FY 2009) [1]
Total assets Increase2.svg US$214M (FY 2009) [2]
Total equity Increase2.svg US$136M (FY 2009) [2]
Number of employees
442 [3]
Parent Oracle Corporation
Website www.oracle.com/us/corporate/Acquisitions/atg/

Art Technology Group, Inc. (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]

Contents

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]

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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 October 21, 2008.
  4. ↑ "Oracle and ATG". Oracle Corp. Retrieved January 27, 2012.
  5. ↑ "ATG 55 lo res inside" (PDF). Media Corporate. Archived (PDF) from the original on December 8, 2021. Retrieved May 14, 2020.
  6. ↑ Bednarz, Ann (August 16, 2004). "ATG Picks Up Primus". Networkworld.com. Retrieved August 8, 2011.
  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 August 8, 2011.
  8. ↑ "SaveATG.com at Archive.org". February 8, 2005. Archived from the original on February 8, 2005. Retrieved August 8, 2011.
  9. ↑ Kurt Peters (September 19, 2006). "ATG to acquire eStara in cash-and-stock deal worth up to $48 million". Internetretailer.com. Retrieved August 8, 2011.
  10. ↑ Bailor, Coreen (September 20, 2006). "ATG Will Acquire eStara". Destinationcrm.com. Archived from the original on July 24, 2011. Retrieved August 8, 2011.
  11. ↑ "ATG buys CleverSet for $10 million". Techcrunch.com. January 22, 2008. Retrieved August 8, 2011.
  12. ↑ "CleverSet selling out to ATG for 10 million". Blog.seattlepi.nwsource.com. January 22, 2008. Retrieved August 8, 2011.
  13. ↑ "ATG buys InstantService for $17M". Techflash.com. January 12, 2010. Archived from the original on July 24, 2011. Retrieved August 8, 2011.
  14. ↑ Gregory T. Huang, XCONOMY (January 11, 2010). "Seattle-based InstantService, a provider of live chat services, was acquired by Art Technology Group (NASDAQ: ARTG) of Cambridge". Seattlepi.com. Retrieved August 8, 2011.
  15. 1 2 Oracle buys ATG
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