Demandware
American web technology company, 2004–2016 From Wikipedia, the free encyclopedia
Demandware was a cloud-based software technology company headquartered in Burlington, Massachusetts.
 | This article contains paid contributions. It may require cleanup to comply with Wikipedia's content policies, particularly neutral point of view. |
 | |
| Founded | 2004 |
|---|---|
| Founder | Stephan Schambach Wayne Whitcomb |
| Defunct | July 11, 2016 |
| Fate | Acquired |
| Headquarters | |
| Services | e-commerce, mobile commerce, software, SaaS, cloud computing |
| Parent | Salesforce |
| Website | Salesforce.com |
Founded in 2004, Demandware was acquired by Salesforce in 2016 for $2.8B, and became part of Salesforce Commerce Cloud.[1]
History
Demandware was founded in February 2004 by Stephan Schambach[2] 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.[2] Schambach previously founded the early e-commerce company Intershop in 1992.[2] Seed money for Demandware was provided by venture capital firms General Catalyst Partners and North Bridge Venture Partners.[3][4]
2012 IPO
On March 15, 2012, Demandware began trading on the New York Stock Exchange,[5][6] raising $88 million in its initial public offering of $16 per share.[3] Following its IPO, shares were up more than 50% from the IPO price by the next morning.[7] In November 2013, Demandware announced an underwritten registered public offering.[8]
Acquisition
On June 1, 2016, Salesforce signed a definitive agreement to acquire Demandware for $2.8 billion.[9] The acquisition was completed on July 11th, 2016.[9]
References
External links
Wikiwand - on
Seamless Wikipedia browsing. On steroids.