Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Risk

Oracle Completes $1 Billion ATG Buyout

Full-service e-commerce provider will complement Oracle's back-end analytics software and hardware.

Oracle said Wednesday it completed an all-cash deal to buy out e-commerce solutions provider Art Technology Group for $6.00 per share, or about $1 billion.

Oracle said ATG's front-end commerce tools will fit nicely with its lineup of back-of-house customer analytics and database offerings.

"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 e-commerce channels," said Thomas Kurian, executive VP for Oracle Development, in a statement.

"Bringing together the complementary technologies and products from Oracle and ATG will enable the delivery of next-generation, unified, cross-channel commerce and CRM," said Kurian. Oracle first disclose the deal in November.

ATG's customers include blue chippers like AT&T, Best Buy, AARP, and CVS drugstores. The fast growing company on Tuesday said third-quarter revenues increased 16% year-over-year to $50.3 million while net income of $4.2 million was roughly flat compared to the previous year.

Oracle's deal to buy ATG is the latest in a wave of consolidation that's swept across the IT industry over the past several quarters. Big vendors like IBM, Hewlett-Packard, and Oracle are racing to assemble comprehensive product portfolios that extend from data center hardware to customer-facing applications and services.

Their hope is CIOs will prefer to fulfill the bulk of their requirements through a single vendor rather than risk an integration mess by cherry picking offerings from multiple sources.

Oracle fired the first big salvo with its $7.4 billion purchase, completed last year, of server builder Sun Microsystems, and has followed up with deals for Silver Creek, Convergin, AmberPoint, Phase Forward, and others.

Since September 15, IBM has announced or closed buyouts of integrated risk management solutions vendor OpenPages, business analytics appliance maker Netezza, data center specialist Blade Network Technologies, and cloud-based marketing software developer Unica. In May, IBM agreed to acquire B2B e-commerce specialist Sterling Commerce from AT&T for $1.4 billion.

Also in 2010, HP bought out Fortify Software, ArcSight, 3PAR, and Palm, spending about $5 billion in the process. Most analysts believe the acquisition sprees are likely to continue as the big three round out their portfolios in bids to top each other.

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
Data Leak Week: Billions of Sensitive Files Exposed Online
Kelly Jackson Higgins, Executive Editor at Dark Reading,  12/10/2019
Intel Issues Fix for 'Plundervolt' SGX Flaw
Kelly Jackson Higgins, Executive Editor at Dark Reading,  12/11/2019
Register for Dark Reading Newsletters
White Papers
Video
Cartoon
Current Issue
The Year in Security: 2019
This Tech Digest provides a wrap up and overview of the year's top cybersecurity news stories. It was a year of new twists on old threats, with fears of another WannaCry-type worm and of a possible botnet army of Wi-Fi routers. But 2019 also underscored the risk of firmware and trusted security tools harboring dangerous holes that cybercriminals and nation-state hackers could readily abuse. Read more.
Flash Poll
Rethinking Enterprise Data Defense
Rethinking Enterprise Data Defense
Frustrated with recurring intrusions and breaches, cybersecurity professionals are questioning some of the industrys conventional wisdom. Heres a look at what theyre thinking about.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2019-5252
PUBLISHED: 2019-12-14
There is an improper authentication vulnerability in Huawei smartphones (Y9, Honor 8X, Honor 9 Lite, Honor 9i, Y6 Pro). The applock does not perform a sufficient authentication in a rare condition. Successful exploit could allow the attacker to use the application locked by applock in an instant.
CVE-2019-5235
PUBLISHED: 2019-12-14
Some Huawei smart phones have a null pointer dereference vulnerability. An attacker crafts specific packets and sends to the affected product to exploit this vulnerability. Successful exploitation may cause the affected phone to be abnormal.
CVE-2019-5264
PUBLISHED: 2019-12-13
There is an information disclosure vulnerability in certain Huawei smartphones (Mate 10;Mate 10 Pro;Honor V10;Changxiang 7S;P-smart;Changxiang 8 Plus;Y9 2018;Honor 9 Lite;Honor 9i;Mate 9). The software does not properly handle certain information of applications locked by applock in a rare condition...
CVE-2019-5277
PUBLISHED: 2019-12-13
Huawei CloudUSM-EUA V600R006C10;V600R019C00 have an information leak vulnerability. Due to improper configuration, the attacker may cause information leak by successful exploitation.
CVE-2019-5254
PUBLISHED: 2019-12-13
Certain Huawei products (AP2000;IPS Module;NGFW Module;NIP6300;NIP6600;NIP6800;S5700;SVN5600;SVN5800;SVN5800-C;SeMG9811;Secospace AntiDDoS8000;Secospace USG6300;Secospace USG6500;Secospace USG6600;USG6000V;eSpace U1981) have an out-of-bounds read vulnerability. An attacker who logs in to the board m...