Oracle buys ATG for $1 billion

Ellison continues to build up his tech arsenal with the acquisition of ATG.

Acquisition

Oracle has confirmed its purchase of Art Technology Group (ATG) for a significant sum of $1 billion (624 million).

The figure for the eCommerce company works out as $6 per share and Oracle claims it will complement its own CRM, ERP, retail and supply chain offerings.

"The addition of ATG, which brings market-leading products used by some of the largest and most well-known retailers and brands, furthers Oracle's strategy of delivering industry-specific enterprise applications," said Bob Weiler, executive vice president of Oracle's Global Business Units.

"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."

Bob Burke, president and chief executive of ATG, claimed it was going to be a positive move for his company's 1,000-plus customers.

"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 centres," he said.

Although agreed in principal, the acquisition still needs to get stakeholder and regulatory approval. The companies predicted the deal would close early next year.

This latest acqusition shows Oracle is still keen on bringing in technology from outside to boost revenues. This year alone, it has already bought up six firms, including data protection company Secerno and SOA management outfit AmberPoint.

Featured Resources

How to scale your organisation in the cloud

How to overcome common scaling challenges and choose the right scalable cloud service

Download now

The people factor: A critical ingredient for intelligent communications

How to improve communication within your business

Download now

Future of video conferencing

Optimising video conferencing features to achieve business goals

Download now

Improving cyber security for remote working

13 recommendations for security from any location

Download now

Recommended

Oracle joins exodus from Silicon Valley
databases

Oracle joins exodus from Silicon Valley

14 Dec 2020
US judge allows TikTok downloads to continue, for now
Acquisition

US judge allows TikTok downloads to continue, for now

28 Sep 2020
Oracle will take a 12.5% stake of TikTok Global
mergers and acquisitions

Oracle will take a 12.5% stake of TikTok Global

21 Sep 2020
Oracle and TikTok deal close, but ByteDance wants majority ownership
mergers and acquisitions

Oracle and TikTok deal close, but ByteDance wants majority ownership

16 Sep 2020

Most Popular

How to find RAM speed, size and type
Laptops

How to find RAM speed, size and type

26 Feb 2021
How to connect one, two or more monitors to your laptop
Laptops

How to connect one, two or more monitors to your laptop

25 Feb 2021
Ransomware operators are exploiting VMware ESXi flaws
ransomware

Ransomware operators are exploiting VMware ESXi flaws

1 Mar 2021