Oracle to acquire ATG
Art Technology Group (ATG) has agreed to be acquired by Oracle for $6 per share in cash, or approximately $1 billion. The transaction is subject to stockholder and regulatory approval and other customary closing conditions, and is expected to close by early 2011.
The companies explain that ATG's e-commerce software platform is highly complementary to Oracle's CRM, ERP, Retail and Supply Chain applications, as well as its portfolio of middleware and business intelligence technologies. Together Oracle and ATG expect to help businesses grow revenue, strengthen customer loyalty, improve brand value, achieve better operating results, and increase business agility across online and traditional commerce environments.