Art Technology Group
Lua error in Module:Infobox at line 314: malformed pattern (missing ']'). 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
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- ↑ 1.0 1.1 1.2 Art Technology Group (ARTG) annual SEC income statement filing via Wikinvest.
- ↑ 2.0 2.1 Art Technology Group (ARTG) annual SEC balance sheet filing via Wikinvest.
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- ↑ 14.0 14.1 Oracle buys ATG
