Xconomy Seattle

Art Technology Group Acquires CleverSet, Inc. for $9,000,000

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=99b9bd40-d214-45d2-839e-de4bc9514f48&Preview=1
Date
1/22/2008
Company Name
CleverSet, Inc.
Mailing Address
1201 Western Ave. Seattle, WA 98101
Company Description
Since its inception as a science and math-based software development firm, CleverSet has grown to become a leading technology services provider that improves the effectiveness of merchandise recommendations on e-commerce sites, reliably lifting revenue-per-visit by 20% or more, and delivering the highest return on investment in the industry.
Website
http://www.cleverset.com
Transaction Type
M&A
Transaction Amount
$9,000,000
Transaction Round
Proceeds Purposes
M&A Terms
The acquisition will be paid for with all cash.