Art Technology Group Inc., a provider of software and services to online retailers, reported 9% revenue growth in both the fourth quarter and for all of 2009.

“2009 was another year of record financial results and significant accomplishments for ATG,” says president and CEO Bob Burke. “Revenue and net income were the highest in company history and we signed an impressive roster of new customers throughout the year. Looking ahead to 2010, we are very excited about customer demand as companies continue to invest in e-commerce.”

ATG, which is a publicly traded company, also announced plans to sell an additional 25 million shares of stock, which would raise about $100 million at the company’s current stock price. The funds will be used for working capital and general corporate purposes, including potential acquisitions, the company says.

For the fourth quarter of 2009, ATG reported:

• Revenue of $49.7 million, compared with $45.4 million in the same quarter a year earlier.
• Net income of $5.2 million versus $3.5 million a year earlier.

For all of 2009, ATG reported:

• Revenue of $179.4 million versus $164.6 in 2008.
• Net income of $16.8 million, compared with $3.8 million the prior year.

ATG generates about 55% of its revenue from recurring services, including operating e-commerce sites and providing live chat, click-to-call and personalization technology and services; about 30% from licensing e-commerce software; and the balance from professional services. The company’s web site lists 60 retailers as clients, including Amazon.com, Sears, Best Buy and Neiman Marcus.

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