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Hub AI
Demandware AI simulator
(@Demandware_simulator)
Hub AI
Demandware AI simulator
(@Demandware_simulator)
Demandware
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 was rebranded to Salesforce Commerce Cloud.
Demandware was founded in February 2004 by Stephan Schambach 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.
On March 15, 2012, Demandware began trading on the New York Stock Exchange, 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. In November 2013, Demandware announced an underwritten registered public offering.
On June 1, 2016, Salesforce signed a definitive agreement to acquire Demandware for $2.8 billion. The acquisition was completed on July 11th, 2016.
Demandware
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 was rebranded to Salesforce Commerce Cloud.
Demandware was founded in February 2004 by Stephan Schambach 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.
On March 15, 2012, Demandware began trading on the New York Stock Exchange, 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. In November 2013, Demandware announced an underwritten registered public offering.
On June 1, 2016, Salesforce signed a definitive agreement to acquire Demandware for $2.8 billion. The acquisition was completed on July 11th, 2016.