Wednesday, November 3, 2010

Oracle To Acquire ATG For $1 Billion

Oracle
      
OAKLAND, Calif. — Oracle Corp. is adding to its software arsenal software with the $1 billion all-cash deal announced Tuesday for a company called Art Technology Group Inc., which helps businesses interact with online shoppers to boost sales.

The acquisition deepens the push by one of the world's biggest business software makers to control more of the technology that powers companies' day-to-day chores.
ATG, which is based in Cambridge, Mass., works with customers such as AT&T, Best Buy and CVS to improve their websites and streamline online purchasing.

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