On November 2, 2010, Oracle announced that it has agreed to acquire Art Technology Group (ATG), a leading provider of eCommerce software and related on demand commerce optimization applications. The proposed transaction is subject to ATG stockholder approval, regulatory approval and other customary closing conditions. Until the transaction closes, each company will continue to operate independently, and it is business as usual.
Driven by the convergence of online and traditional commerce and the need to increase revenue and improve customer loyalty, leading organizations in many industries are looking for a unified cross-channel commerce and customer relationship management platform to drive a cohesive experience regardless of the channel. ATG’s eCommerce software platform is the industry’s top-ranked cross-channel commerce solution and is highly complementary to Oracle’s CRM, ERP, Retail and Supply Chain applications, as well as its portfolio of middleware and business intelligence technologies. Oracle and ATG together expect to provide a unified best-in-class CRM, Retailing, and cross-channel commerce solution to help businesses improve merchandising; enhance sales with automated recommendations; improve customer service with live-help; grow revenue, enhance brand value, and achieve better operating results. The ATG management team and employees have significant domain expertise and are expected to join Oracle after the transaction closes.
The transaction is expected to close by early 2011. Until the transaction closes, Oracle and ATG will continue to operate independently. To learn more about the proposed combination of Oracle and ATG, please visit oracle.com/atg.
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Executive Vice President
Executive Vice President
Oracle Global Business Units
This document is for informational purposes only and may not be incorporated into a contract or agreement.
Oracle is currently reviewing the existing ATG product roadmap and will be providing guidance to customers in accordance with Oracle’s standard product communication policies. Any resulting features and timing of release of such features as determined by Oracle's review of ATG’s product roadmap are at the sole discretion of Oracle.
All product roadmap information, whether communicated by ATG or by Oracle, does not represent a commitment to deliver any material, code, or functionality, and should not be relied upon in making a purchasing decision. It is intended for information purposes only, and may not be incorporated into any contract.
This document contains certain forward-looking statements about Oracle and ATG, including statements that involve risks and uncertainties concerning Oracle's proposed acquisition of ATG, anticipated product information and strategy, benefits of the acquisition to customers and others in the industry and general business outlook. When used in this document, the words "anticipates", "estimates", "may", "can", "will", "believes", "intends", "projects", " likely", "expects", "is expected", similar expressions and any other statements that are not historical facts are intended to identify those assertions as forward-looking statements. Any such statement may be influenced by a variety of factors, many of which are beyond the control of Oracle or ATG, that could cause actual outcomes and results to be materially different from those projected, described, expressed or implied in this document due to a number of risks and uncertainties. Potential risks and uncertainties include, among others, the possibility that the transaction will not close or that the closing may be delayed, the anticipated synergies and benefits of the combined companies may not be achieved after closing, the combined operations may not be successfully integrated in a timely manner, if at all, general economic conditions in regions in which either company does business, and the possibility that Oracle or ATG may be adversely affected by other economic, business, and/or competitive factors. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what impact they will have on the results of operations or financial condition of Oracle or ATG.
In addition, please refer to the documents that Oracle and ATG, respectively, file with the Securities and Exchange Commission (the "SEC") on Forms 10-K, 10-Q and 8 -K. These filings identify and address other important factors that could cause Oracle's and ATG's respective financial and operational results to differ materially from those contained in the forward-looking statements set forth in this document. You are cautioned to not place undue reliance on forward-looking statements, which speak only as of the date of this document. Neither Oracle nor ATG is under any duty to update any of the information in this document.