Demandware
{{Short description|American web technology company, 2004–2016}}
{{Paid contributions}}
{{Infobox company
| name = Demandware
| logo = Demandware logo.png
| founder = Stephan Schambach
Wayne Whitcomb
| defunct = {{End date|2016|07|11}}
| services = e-commerce, mobile commerce, software, SaaS, cloud computing
| parent = Salesforce
| homepage = [https://www.salesforce.com/products/commerce-cloud/overview/ Salesforce.com]
| fate = Acquired
| foundation = {{Start date and age|2004}}
}}
Demandware was a cloud-based software technology company headquartered in Burlington, Massachusetts.
Founded in 2004, Demandware was acquired by Salesforce in 2016 for $2.8B, and became part of Salesforce Commerce Cloud.{{cite web|title=Demandware is Now the Salesforce Commerce Cloud|url=https://www.salesforce.com/blog/2016/09/demandware-salesforce-commerce-cloud.html|website=Salesforce}}
History
Demandware was founded in February 2004 by Stephan SchambachMike Ricciuti, [http://news.cnet.com/Start-up-targets-e-commerce-on-demand/2100-1017_3-5399758.html “Start-up targets e-commerce on demand,”] CNET, October 6, 2004. to provide a hosted service to enable companies to develop and manage e-commerce websites. The service was launched in the first quarter of 2005. Schambach previously founded the early e-commerce company Intershop in 1992. Seed money for Demandware was provided by venture capital firms General Catalyst Partners and North Bridge Venture Partners.Michael B. Farrell, [https://www.bostonglobe.com/business/2012/03/14/general-catalyst-helps-deliver-trio-public-offerings/R910pUzlvHVfZVtEK8sqYJ/story.html?camp=pm “Patience pays off for investment firm,”] Boston Globe, March 15, 2012.[http://www.vcgate.com/Demandware.asp “Demandware Secures $12 Million in Series B Funding,”] VCgate, February 15, 2006.
= 2012 IPO =
On March 15, 2012, Demandware began trading on the New York Stock Exchange,Lynn Cowan, [https://www.wsj.com/news/articles/SB10001424052970204603004577271722878522912?KEYWORDS=demandware&mg=reno64-wsj “New Vs. Old in IPO Action This Week,”] The Wall Street Journal, March 12, 2012.Evelyn M. Rusli, [https://query.nytimes.com/gst/fullpage.html?res=9803EEDC1F30F931A35750C0A9649D8B63&module=Search&mabReward=relbias%3Ar%2C%7B%221%22%3A%22RI%3A9%22%7D “Yelp Prices Its Shares for Offering at $15,”] The New York Times, March 2, 2012. raising $88 million in its initial public offering of $16 per share. Following its IPO, shares were up more than 50% from the IPO price by the next morning.Dan Gallagher, [http://www.marketwatch.com/story/demandware-shares-jump-more-than-50-on-ipo-2012-03-15 “Demandware shares jump more than 50% on IPO,”] MarketWatch, March 15, 2012. In November 2013, Demandware announced an underwritten registered public offering.[http://www.thestreet.com/story/12116285/1/demandware-announces-pricing-of-public-offering-of-common-stock.html “Demandware Announces Pricing of Public Offering Of Common Stock,”] Business Wire, November 19, 2013.
= Acquisition =
On June 1, 2016, Salesforce signed a definitive agreement to acquire Demandware for $2.8 billion.{{Cite web |last=Adhikari |first=Richard |date=2016-07-11 |title=Salesforce Wraps Up Demandware Acquisition |url=https://www.crmbuyer.com/story/salesforce-wraps-up-demandware-acquisition-83683.html |access-date=2025-04-07 |website=CRM Buyer |language=en-US}} The acquisition was completed on July 11th, 2016.
References
{{reflist}}
External links
- [http://www.demandware.com/ Demandware (English) website]
Category:Companies formerly listed on the New York Stock Exchange
Category:Providers of services to online companies
Category:American companies established in 2004
Category:Software companies established in 2004
Category:2004 establishments in Massachusetts
Category:2012 initial public offerings
Category:Software companies based in Massachusetts
Category:Technology companies based in the Boston area
Category:Companies based in Burlington, Massachusetts
Category:Cloud computing providers