Company:Demandware

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Demandware
TypeSubsidiary
Industrye-commerce, mobile commerce, software, SaaS, cloud computing
Founded2004
FounderStephan Schambach
Wayne Whitcomb
HeadquartersBurlington, MA
Area served
Worldwide
Key people
Thomas Ebling
(president, CEO & chairman)
Timothy Adams (CFO)
Jeffrey Barnett (COO)
Wayne Whitcomb (CTO)
Nick Camelio (CPO)
Number of employees
1000+ (2015)[1]
ParentSalesforce
WebsiteDemandware.com

Demandware is a software technology company headquartered in Burlington, Massachusetts, providing a cloud-based e-commerce platform and related services for retailers and brand manufacturers around the world.

In 2016, Demandware was acquired by Salesforce for $2.8B.[2]

History

Pre-IPO (2004–12)

Demandware was founded in 2004 by Stephan Schambach[3][4] to provide a hosted service that would enable companies to develop and manage easy-to-use, customizable e-commerce websites, rather than building a site from scratch. The service was launched in the first quarter of 2005.[3] Schambach previously founded the early e-commerce company Intershop in 1992.[3] Seed money for Demandware was provided by venture capital firms General Catalyst Partners and North Bridge Venture Partners.[5][6]

Post-IPO (2012–present)

On March 15, 2012, Demandware began trading on the New York Stock Exchange,[7][8] raising $88 million in its initial public offering of $16 per share.[5] Following its IPO, shares were up more than 50% from the IPO price by the next morning.[9] In November 2013, Demandware announced an underwritten registered public offering.[10]

Locations

Demandware is headquartered in Burlington, Massachusetts.[11] The company also has offices in Salt Lake City, Utah, Deerfield Beach, Florida, the United Kingdom, France, Denmark, Germany, The Netherlands, Australia, Hong Kong, China and Japan.[12][11]

Honors

  • After a three-year growth in revenue of 657% from 2008 to 2011, Demandware was ranked #563 on Inc. magazine's Inc. 5000 list in 2012.[13]
  • Ranked 19th on Forbes ' list of the most highly valued venture-backed tech IPOs of 2012, based on company value.[14]
  • One of Forbes' top five tech stock picks for 2013.[15]
  • Ranked 9th in the e-commerce platform category of the 2014 Internet Retailer Top Tech Guide.[16]

References

  1. ↑ Corporate Website, "Investor Relations FAQ", Retrieved 2015-06-02.
  2. ↑ Lunden, Ingrid. "Salesforce buys Demandware for $2.8B, taking a big step into e-commerce". https://techcrunch.com/2016/06/01/salesforce-buys-demandware-for-2-8b-taking-a-big-step-into-e-commerce/. 
  3. ↑ 3.0 3.1 3.2 Mike Ricciuti, “Start-up targets e-commerce on demand,” CNET, October 6, 2004.
  4. ↑ Michael Skok, “Founders Can’t Scale: Fact or Fiction?” Forbes , May 9, 2014.
  5. ↑ 5.0 5.1 Michael B. Farrell, “Patience pays off for investment firm,” Boston Globe, March 15, 2012.
  6. ↑ “Demandware Secures $12 Million in Series B Funding,” VCgate, February 15, 2006.
  7. ↑ Lynn Cowan, “New Vs. Old in IPO Action This Week,” The Wall Street Journal , March 12, 2012.
  8. ↑ Evelyn M. Rusli, “Yelp Prices Its Shares for Offering at $15,” The New York Times , March 2, 2012.
  9. ↑ Dan Gallagher, “Demandware shares jump more than 50% on IPO,” MarketWatch, March 15, 2012.
  10. ↑ “Demandware Announces Pricing of Public Offering Of Common Stock,” Business Wire , November 19, 2013.
  11. ↑ 11.0 11.1 Chris Reidy, “Demandware establishes Munich office as its European HQ,” Boston.com, June 14, 2013.
  12. ↑ Sara Castellanos, “Demandware plans Japan expansion, future acquisitions following Q1 2014 growth,” Boston Business Journal, May 6, 2014.
  13. ↑ Demandware profile, Inc. Accessed September 7, 2014.
  14. ↑ Tomio Geron, “The Top Tech IPOs Of 2012 And The Venture Capitalists Who Invested,” Forbes, January 3, 2013.
  15. ↑ Canaccord Genuity, “Top Tech Picks for 2013,” Forbes, January 8, 2013.
  16. ↑ Amy Dusto, “Demandware buys order management company Mainstreet Commerce,” Internetretailer.com, January 23, 2014.

External links




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