Posted by: badarrow
ATG, Barbara Darrow, IT channel products and technologies, Oracle, Thomas Kurian
Oracle is buying ATG, a maker of e-commerce software, for about $1 billion in cash or $6.00 per share.
Based in Cambridge, Mass., ATG made its name with the Dynamo Web serving software–mostly in the Solaris space. Now most of the company’s large customers–which include some of the biggest of the big retailers–run Linux and/or Solaris. Most are also big Oracle database shops.
The Oracle release makes much of the “synergy” between the companies. Thomas Kurian, Oracle’s executive VP of development said:
“Driven by the convergence of online and traditional commerce and the need to increase revenue and improve customer loyalty, organizations across many industries are looking for a unified commerce and CRM platform to provide a seamless experience across all commerce channels. Bringing together the complementary technologies and products from Oracle and ATG will enable the delivery of next-generation, unified cross-channel commerce and CRM.”
The deal is expected to close early next year.
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