Art Technology Group acquires eStara
Art Technology Group Inc., a maker of software and online systems that deploy e-commerce applications, said today that it agreed to acquire eStara Inc., a maker of Voice over Internet Protocol software, for about $48.3 million in stock and cash.
Art Technology will acquire all of eStara's outstanding common stock, preferred stock, vested and unvested stock options for about 15.3 million shares of ATG common stock, $2 million in cash and up to an additional $6 million in earn-out potential.
The deal is expected to close in the fourth quarter and begin adding to Art Technology's earnings in the first full quarter after the close.
Reston, Va.-based eStara makes software that allows users to place phone calls over the Web to an e-business's customer service or sales team, a function called "Click to Call." The company provides technology for brands including Starwood Hotels, DaimlerChrysler, Dell, Apple Computer and Continental Airlines. It had $7.4 million in 2005 revenue. (AP)
