Art Technology Group Ipo

Art technology group ipo

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.

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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[edit]

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.

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.

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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.

Art technology group ipo

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.

Art technology group ipo

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]


External links[edit]

  1. ^ abcArt Technology Group (ARTG) annual SEC income statement filing via Wikinvest.
  2. ^ abArt 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. ^Bednarz, Ann (2004-08-16). "ATG Picks Up Primus".

    Art technology group ipo Retrieved 2011-08-08.

  6. ^"Mitchell-Wright Technology Group, LLC Urges Art Technology Group Shareholders to Vote Against the Merger With Primus Knowledge Solutions, Inc". Archived from the original on April 6, 2009. Retrieved 2011-08-08.
  7. ^" at". 2005-02-08. Archived from the original on February 8, 2005.

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    Retrieved 2011-08-08.

  8. ^Kurt Peters (2006-09-19). "ATG to acquire eStara in cash-and-stock deal worth up to $48 million".

    Art technology group ipo

    Retrieved 2011-08-08.

  9. ^Bailor, Coreen (2006-09-20). "ATG Will Acquire eStara".

    ATG (Art Technology Group) Archived from the original on 24 July 2011. Retrieved 2011-08-08.

  10. ^"ATG buys CleverSet for $10 million".

    Art technology group ipo 2008-01-22.

    Investovani na forexovem trhu lze popsat jako

    Retrieved 2011-08-08.

  11. ^"CleverSet selling out to ATG for 10 million".

    2008-01-22. Retrieved 2011-08-08.

  12. ^"ATG buys InstantService for $17M". 2010-01-12. Archived from the original on 24 July 2011. Retrieved 2011-08-08.
  13. ^Gregory T. Huang, XCONOMY (2010-01-11).

    Lists Featuring This Company

    "Seattle-based InstantService, a provider of live chat services, was acquired by Art Technology Group (NASDAQ: ARTG) of Cambridge". Retrieved 2011-08-08.

  14. ^ abOracle buys ATG