Art Technology Group (ARTG), also known as ATG and headquartered in Cambridge, Massachusetts, produces Web marketing and e-commerce software as well as delivers the on demand e-commerce hosting solutions that the world’s top brands use to power their leading-edge e-commerce Web sites. ATG’s solutions power brands such as A&E Networks, Airbus, American Airlines, American Eagle Outfitters, AT&T Wireless, Best Buy, Boeing, General Electric, and Hewlett-Packard.
Revenue for the third quarter of 2007 grew to $35.9M, a 65 percent increase over third quarter 2006 revenue of $21.8M. Cash flow from operations for the third quarter of 2007 was $7.5M, a 400% increase over third quarter 2006 cash flow from operations of $1.5M.
Bob Burke, president and chief executive officer, stated, “We are extremely pleased with our third quarter results. Based on our solid pipeline and market research by industry analysts, we continue to believe companies are in the early stages of reinvestment in e-commerce solutions. Companies want more control and customization over their online storefronts, including the ability to offer a consistent multi-channel experience for their consumers, and ATG’s product suite addresses these needs.”
In the 2006 Forrester Wave™: Commerce Platforms report, Forrester Research, an independent technology and marketing research firm, ranked ATG’s B2C e-commerce software suite as the #1 current offering. Gartner, Inc. also placed ATG high in the Leader Quadrant in its Q4 2006 E-Commerce Magic Quadrant report.
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