ATG (Art Technology Group, Inc.), the top ranked e-commerce platform and
optimization services provider, today announced CleverSet, recently
acquired by ATG, has been selected as one of three finalists for the “Company
of the Year” award given by the Alliance of
Angels (AoA), a program of the Technology Alliance based in Seattle,
Washington. CleverSet was recognized for its patented technology and
business leadership. Since being acquired by ATG, CleverSet has been
folded into the company’s eStara line of
ecommerce optimization services and is now called eStara Recommendations.
The award honors and encourages the entrepreneurial spirit of new
businesses in the Pacific Northwest. Finalists were chosen based upon
their entrepreneurial spirit, traction with investors, progress toward
meeting business plan goals, and positive impact on the technology
economy. The AoA represents the Northwest’s
most experienced and best-networked private investors, with expertise in
high-tech and high-growth companies.
“The Company of the Year award honors
pioneering companies that demonstrate entrepreneurial excellence and
drive new business practices in the Pacific Northwest,”
said Rebecca Lovell, Program Director, Alliance of Angels. “We
are impressed by the quality, innovation, and talent of businesses and
technologies this year, reflected in the strength of the finalist pool.”
The Company of the Year will be presented at the 2008 Technology Alliance’s
State of the Technology Luncheon, May 9 at the Westin, Seattle,
Washington. More than 800 businesses, research and government leaders
will convene at the luncheon this year to celebrate Washington's
progress in building a vibrant technology-based economy.
Washington-based CleverSet, now eStara Recommendations, helps e-commerce
companies and content providers significantly increase their revenues by
enabling a truly personalized experience for each and every online
visitor. The most powerful solution in the market today, only eStara
Recommendations uses Statistical Relational Learning (SRL) as the core
technology behind its recommendation service. Powerful predictive
algorithm automatically tracks, analyzes, and leverages a wide range of
product, shopper, and clickstream information, requiring no manual
specification by the retailer or the online shopper. Incorporating more
data means eStara Recommendations generates better informed and more
effective recommendations, so Web shoppers can more easily discover and
purchase their most personally relevant and appealing items.
“We are honored to be in the running amongst
such a talented group of entrepreneurs for the Company of the Year award
and to be recognized for our unique automated personalization technology.”
said Todd Humphrey, VP OnDemand Personalization, ATG. “It’s
already been a great year with the joining of ATG and we look forward to
even more successes in the near future.”
About the Alliance of Angels
The Alliance of Angels is a group of private investors who invest in
early-stage technology companies that are based in Washington state or
the vicinity. The organization represents the Northwest's most
experienced and best-networked private investors, with substantial
experience in software, hardware, telecommunications, Internet
infrastructure, e-commerce, finance and biotech. For more information,
visit www.allianceofangels.com.
The Alliance of Angels is a non-profit organization, and collects no
fees, securities, warrants, or payments of any sort from entrepreneurs.
This forum is viewed by the members as a community service that
ultimately benefits the general local technology economy. More
information on the mission of the Alliance of Angels and its parent
organization, the Technology Alliance, can be found at www.technology-alliance.com.
About ATG
ATG (Art Technology Group, Inc., NASDAQ: ARTG) provides the e-commerce
platform and e-commerce optimization services that the world's most
customer-conscious companies use to power their e-commerce Web sites,
attract prospects, convert them to buyers and ensure their satisfaction
so they become loyal, repeat, profitable customers. Our e-commerce suite
is ranked the #1 current offering and #1 in strategy by the industry's
most influential analyst firms, and powers more of the top 300 internet
retailers than any other vendor. Our eStara brand of e-commerce
optimization services - including the world's most widely used click to
call offering - dramatically increase conversions and order size and
enhance customer support. ATG's solutions are used by over 900 major
brands, including AT&T, Best Buy, Bulgari, Coca Cola, Continental
Airlines, CVS, Dell, Diane von Furstenberg, DirecTV, eLuxury, El Corte
Ingles, Expedia, France Telecom, Harvard Business School Publishing,
Hewlett-Packard, Hilton, HSBC, Intuit, Jenny Craig, Louis Vuitton,
Macy's, Mercedes Benz, Meredith, Microsoft, Neiman Marcus, New York &
Company, NutriSystem, OfficeMax, PayPal, Philips, Procter & Gamble,
Sears, Sony, Symantec, Target, T-Mobile, Tommy Hilfiger, Urban
Outfitters, Verizon, Viacom, Vodafone and Walgreens.
This press release contains forward-looking statements for purposes of
the safe harbor provisions under The Private Securities Litigation
Reform Act of 1995. Further details on these risks are set forth in
ATG's filings with the Securities and Exchange Commission. These filings
are available free of charge on a website maintained by the SEC at http://www.sec.gov.
Additional risk factors related to the subject matter of this press
release include: the possibility that eStara’s
product and service deployments will not be successful, on time or
significantly enhance the user's Internet experience; the need to adapt
to rapid changes so products and services do not become obsolete; the
possibility of errors in eStara’s software
products and services; the possibility that eStara’s
offerings will not enhance its customers’
online sales or otherwise provide the expected benefits to its
customers; and the possibility that eStara's product strategy may change
in the future. eStara and ATG undertake no obligation to update any of
the forward-looking statements after the date of this press release.
