ATG, provider of eCommerce software and related on-demand commerce optimization applications, this morning announced that it has agreed to be acquired by Oracle for $6 per share in cash, or approximately $1 billion.

ATG’s eCommerce software platform is complementary to Oracle’s CRM, ERP, Retail, and Supply Chain applications, as well as its portfolio of middleware and business intelligence technologies, the company said in a statement.

The company added that over 1,000 global enterprises rely on ATG’s solutions to help increase the value of their online customer interactions.

ATG’s revenue for the third quarter of 2010 grew to $50.3 million, a 16% increase over third quarter 2009 revenue of $43.4 million. Net income in accordance with GAAP for the third quarter of 2010 was $4.2 million, or $0.03 per diluted share, compared with net income of $4 million or $0.03 per diluted share in the third quarter of 2009.

The transaction is subject to stockholder and regulatory approval and other customary closing conditions and is expected to close by early 2011.

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