Software maker Art Technology Group (ATG) has agreed to buy Seattle rival Primus Knowledge Solutions for about $31 million in stock, the companies said on Tuesday. ATG, based in Cambridge, Mass., develops e-commerce software, specializing in Web store design and online marketing. Primus sells customer information systems for use in call centers and other customer support functions, competing against RightNow Technologies, eGain Communications and ServiceWare Technologies.
For the year ended June 30, the companies had a combined annual revenue of more than $90 million and employed 479 people. They expect to cut $10 to $15 million in costs as a result of the merger, which they plan to complete by the end of the year.
Join the conversation
Comment replyThe posting of advertisements, profanity, or personal attacks is prohibited. Click here to review our Terms of Use.
Web giant is spending $120 million to beef up its Mountain View, Calif., headquarters, according to filings with the city reviewed by the San Jose Mercury News.
Tor's "obfsproxy" technology would make encrypted data look innocuous and let it dodge government censors. That could help citizens in Iran reach blocked sites as antigovernment protests reportedly loom.
MIT creates a simulation to celebrate the 50th anniversary of Spacewar. A relic of the early days of minicomputers, it was one of the first computer video games and set the stage for many others, including Asteroids.
Join the conversation