CAMBRIDGE, Mass., Feb 01, 2010 (BUSINESS WIRE) -- ATG (Art Technology Group Inc., NASDAQ: ARTG) today announced that it
intends to offer to sell, subject to market and other conditions,
25,000,000 shares of its common stock in an underwritten public
offering. In connection with this offering, the underwriters will have a
30-day option to purchase up to 3,750,000 additional shares to cover
over-allotments, if any. Deutsche Bank Securities Inc. and Morgan
Stanley & Co. Inc. are acting as joint book-running managers and
underwriters for the offering.
ATG plans to use the net proceeds of the offering for working capital
and other general corporate purposes, including potential acquisitions.
ATG filed a shelf registration statement on Form S-3 relating to the
securities described above with the Securities and Exchange Commission
on November 2, 2009, which became effective on November 18, 2009. This
press release does not constitute an offer to sell or a solicitation of
an offer to buy the securities described herein, nor shall there be any
offer, solicitation or sale of these securities in any state or
jurisdiction in which such an offer, solicitation or sale would be
unlawful. The offering may be made only by means of the prospectus
relating to the proposed offering.
To obtain a copy of the prospectus for this offering, please contact
Deutsche Bank Securities Inc., Attention: Prospectus Department, 100
Plaza One, Jersey City, New Jersey 07311, Telephone: (800) 503-4611; or
Morgan Stanley & Co, Inc., Attention: Prospectus Department, 180 Varick
Street, Second Floor, New York, New York 10014, Telephone: (866)
718-1649, email: email@example.com.
ATG is a global specialist in e-commerce. ATG Commerce is a commerce
platform and business user application solution designed to power
personalized, efficient and effective e-commerce sites. ATG's
platform-neutral optimization services can be added to any Web site to
increase conversions and reduce abandonment. These services include ATG
Recommendations and ATG's live help services, including ATG eStara Click
to Call, and Click to Chat. The company is headquartered in Cambridge,
Massachusetts, with additional locations throughout North America and
© 2010 Art Technology Group, Inc. ATG and Art Technology Group are
registered trademarks. All other product names, service marks, and
trademarks mentioned herein are trademarks of their respective owners.
Kim Maxwell, 617-386-1006
Director, Investor Relations