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ATG Shells Out $10M for CleverSet

Rebecca Zacks 1/22/08

Cambridge, MA-based e-commerce firm Art Technology Group (NASDAQ: ARTG) will acquire Seattle’s CleverSet for some $10 million in cash, not counting closing adjustments. CleverSet’s technology for automated personalization recommendations can be used for retail, manufacturing, telecommunications, financial services, travel and hospitality, and other applications, according to the announcement.

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