Subscribe free to our newsletters via your
. 24/7 Space News .




TECH SPACE
Oracle buying Art Technology for one billion dollars
by Staff Writers
New York (AFP) Nov 2, 2010


US business software giant Oracle announced Tuesday it was buying e-commerce software company Art Technology Group for one billion dollars in cash.

Oracle is offering six dollars per share, a premium of 46 percent compared with ATG's closing price on Wall Street on Monday.

ATG shares gained 45.12 percent in New York to close at 5.95 dollars on Tuesday. Oracle shares rose 1.38 percent to finish at 29.53 dollars.

The acquisition is expected to close by early 2011, pending required stockholder and regulatory approval.

ATG provides merchandising, marketing, content personalization, automated recommendation and live-help services to businesses.

"More than 1,000 global enterprises rely on ATG's solutions to help increase the value of their online customer interactions," ATG president and chief executive Bob Burke said in a statement.

"This combination will enhance the ability to bring all their commerce activities together -- creating a more consistent and relevant experience for their customers across all interaction channels, including online, in stores, via mobile devices and with call centers."

Bob Weiler, executive vice president of Oracle Global Business Units, said "this acquisition builds upon our dedication to offer the most complete and integrated suite of best-of-breed software applications and technologies required to power the most demanding companies in the world in every industry."

Citigroup analyst Walter Pritchard said Oracle's acquisition of ATG will allow it to compete in the sector with computer giant IBM, software titan Microsoft and smaller companies, such as GSI Commerce and Digital River.

"Art Technology Group brings a robust e-commerce front-end to Oracle's vertical solutions in retail and increasingly other verticals," Pritchard said.

ATG reported its third quarter results on Tuesday. It said net profit rose to 4.2 million dollars in the quarter from 4.0 million dollars a year ago, while revenue grew 16 percent to 50.3 million dollars.

Oracle spent nearly 7.5 billion dollars last year to acquire Sun, the one-time Silicon Valley star behind the popular Java programming language.

.


Related Links
Space Technology News - Applications and Research






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








TECH SPACE
Yahoo! and Samsung expand Internet TV territory
San Francisco (AFP) Nov 2, 2010
Yahoo! and Samsung on Tuesday raised their bet that television viewers want to easily link to websites such as Facebook without having the entire Web crammed into TV sets. The faded Internet star and the South Korean consumer electronics giant announced they will sell Yahoo! Connected TV sets in 26 more countries in Europe. That raises to 39 the number of countries where Samsung sells te ... read more


TECH SPACE
Moon Express Enters $30 Million Google Lunar X PRIZE Competition

Dead Spacecraft Walking

Surviving Lunar Dangers

NASA Awards Contract To Team FREDNET Google Lunar X PRIZE Contender

TECH SPACE
Mars Rovers Mission Using Cloud Computing

Mars Volcanic Deposit Tells Of Warm And Wet Environment

Opportunity Keeps On Driving To Endeavour Crater

Ancient Mars Was Wet, Cozy And Life Friendly

TECH SPACE
The Fading Final Frontier

Astronauts4Hire Offers Limited Time High Profile Sponsorship Special

Pioneering Science And The D1 Spacelab Mission

Interstellar Voyage Continues With New Project Manager

TECH SPACE
China Goes To Mars

China says manned space station possible around 2020

China Kicks Off Manned Space Station Program

NASA chief says pleased with 'comprehensive' China visit

TECH SPACE
Progress Docks On Auto

Cargo vessel links up with ISS after auto-docking problem

NASA Seeks More Proposals On Commercial Crew Development

EU mulls opening ISS to more countries

TECH SPACE
Ariane 5 Lofts Dual Birds

Payload Preparations Underway For Fifth Ariane 5 2010 Mission

Sea Launch Company Emerges From Chapter 11

Ariane 5 Rolls Out For Dual Bird Launch

TECH SPACE
e2v To Develop Image Sensors For PLATO Exoplanet Mission

Solar Systems Like Ours May Be Common

Astronomer Greg Laughlin To Talk About Earth-Like Planets

NASA Survey Suggests Earth-Sized Planets are Common

TECH SPACE
Major Surgery Complete For Deep Space Network Antenna

Yahoo! and Samsung expand Internet TV territory

Oracle buying Art Technology for one billion dollars

Where Is the New Horizons Centaur Stage




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement