February 8, 2010 (FinancialWire) — ATG or Art Technology Group Inc., (NASDAQ: ARTG) has priced a public offering of 25 million shares of its common stock at $3.50 per share. The company also granted the underwriters a 30-day option to purchase up to an additional 3,750,000 shares of common stock to cover over-allotments.

Deutsche Bank Securities (NYSE: DB) and Morgan Stanley & Co. (NYSE: MS) are acting as joint book-running managers and underwriters for the offering.

ATG plans to use the net proceeds of the offering for working capital and other general corporate purposes, including potential acquisitions.

Massachusetts-based ATG is a specialist in e-commerce. The company’s ATG Commerce is a commerce platform and business user application solution designed to power e-commerce sites.

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