Art Technology Group Acquires Java Education Company; Acquisition of Petronio Technology Group to Extend ATG's Customer Education Reach.Business/Technology Editors CAMBRIDGE, Mass.--(BUSINESS WIRE)--June 1, 2000 Art Technology Group, Inc., (ATG ATG antithymocyte globulin. lymphocyte immune globulin (antithymocyte globulin equine, ATG, ATG equine, LIG) Atgam Pharmacologic class: Immunoglobulin Therapeutic class: Immunosuppressant ) (Nasdaq:ARTG ARTG Australian Register of Therapeutic Goods ) today announced the acquisition of Boston-based Petronio Technology Group, a provider of educational training and consulting services. ATG's acquisition of Petronio provides it with Java, J2EE (Java 2 Platform, Enterprise Edition) A platform from Sun for building distributed enterprise applications. J2EE services are performed in the middle tier between the user's machine and the enterprise's databases and legacy information systems. , and XML XML in full Extensible Markup Language. Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. courseware, as well as other enhanced technology training capabilities, and is a critical step towards achieving its aggressive global training expansion plans. Additionally, it was announced that John Petronio, the founder and President of Petronio Technology Group will serve as ATG's new director of customer education. ATG currently provides a broad selection of training for customers and partners, including programming classes to accelerate productivity and ensure maximum benefit from its Dynamo(R) Product Suite. The addition of Petronio Technology Group will serve to meet increasing market demand for dedicated, customized training services required to develop personalized eBusiness applications on Dynamo and will strengthen ATG's existing worldwide curriculum development and delivery capabilities through the addition of both seasoned trainers and curriculum developers. "We noticed a large percentage of our clients were selecting ATG's Dynamo as their eCommerce solution of choice," said John Petronio, president of Petronio Technology Group. "When the opportunity arose to merge with such a strong player in the eBusiness and CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. marketplace, we did not hesitate." "Petronio is an invaluable asset to us as we continue to expand our education training services both organically and through strategic mergers," said Patricia Morton, vice president of services at Art Technology Group. "We have worked closely with John and the rest of the Petronio team in the past and we are thrilled to welcome them to ATG's Educational Services Group." About Art Technology Group Art Technology Group, Inc. ("ATG") (Nasdaq:ARTG) is a leading provider of Internet customer relationship management and electronic commerce products and services. ATG offers an integrated suite of Java application A Java program that is run stand alone. The Java Virtual Machine in the client or server is interpreting the instructions. Contrast with Java applet. See servlet. server-based products and services, as well as related application development, integration and support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services . ATG's Dynamo(R) product suite enables Global 1000 enterprises, as well as new businesses using the Internet as their primary business channel, to understand, manage and build their online customer relationships and to more effectively market, sell and support their products and services over the Internet. The Dynamo solution is designed to provide businesses with the core platform and software tools required to develop and deploy personalized, scalable and reliable e-commerce Web sites. Dynamo is licensed to over 300 customers including: 3M, BabyCenter, BMG BMG Bundesministerium für Gesundheit (Germand: Federal Ministry for Health) BMG Be My Girl BMG Blue Man Group BMG Bertelsmann Music Group BMG Be My Guest BMG Browning Machine Gun BMG Bulk Metallic Glass Direct, Eastman Kodak, Informix, John Hancock Funds, Inc., Network Solutions, ScudderKemper Investments, Sun Microsystems and TheStreet.com. The Company is headquartered in Cambridge, MA with additional locations throughout the U.S. and in Europe. Dynamo is a registered trademark of Art Technology Group. This press release contains forward-looking statements for purposes of the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions under The Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These statements involve known and unknown risks and uncertainties that may cause ATG's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. Important risk factors affecting ATG's business generally may be found in ATG 's prospectus and in periodic reports and registration statements filed with the Securities and Exchange Commission. Risk factors related to the subject matter of this press release include the possibility that the coursework may not be appropriate for ATG or its customers either now or in the future; that the addition of the Petronio personnel will not materially affect ATG's ability to offer educational services; and the costs and risks associated with intellectual property infringement and litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. . ATG undertakes no obligation to update any of the forward-looking statements after the date of this press release. |
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