Oracle Buys Art Technology Group for $1 Billion

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Oracle announced Tuesday that it plans to buy e-commerce vendor Art Technology Group for about US$1 billion. The deal is expected to be completed early next year.

ATG's technology will be "highly complementary" to Oracle's existing lineup of CRM (customer relationship management) ERP (enterprise resource planning) and other software, according to a statement.

(More to come.)

Chris Kanaracus covers enterprise software and general technology breaking news for The IDG News Service. Chris's e-mail address is Chris_Kanaracus@idg.com

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