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News : Salesforce Signs Definitive Agreement to Acquire Demandware
San Francisco, CA and Burlington, MA, USA, June 1, 2016 -- Salesforce (NYSE: CRM), the Customer Success Platform and CRM company, and Demandware (NYSE: DWRE), a provider of enterprise cloud commerce solutions, announced that they have entered into a definitive agreement under which Salesforce will acquire Demandware.
Under the terms of the agreement, Salesforce will commence a tender offer for all outstanding shares of Demandware. The transaction is expected to close in the second quarter of Salesforce’s fiscal year 2017, ending July 31, 2016.
"With Demandware, Salesforce will be well positioned to deliver the future of commerce as part of our Customer Success Platform and create yet another billion dollar cloud." said Marc Benioff, chairman and CEO, Salesforce.
"Demandware and Salesforce share the same passionate focus on customer success," said Tom Ebling, CEO, Demandware. "Becoming part of Salesforce will accelerate our vision to empower the world’s leading brands with the most innovative digital commerce solutions that enable them to connect 1:1 with customers across any channel."
The Salesforce Commerce Cloud will be an integral part of Salesforce’s Customer Success Platform, creating opportunities for companies to connect with their customers in entirely new ways. Salesforce customers will have access to enterprise cloud commerce platform, and Demandware’s customers will be able to leverage Salesforce’s sales, service, marketing, communities, analytics, IoT and platform solutions to deliver a more comprehensive, personalized consumer experience.
Posted by Veronica Silva Cusi, news correspondent
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More Editorial From SalesForce
Salesforce.com delivers software-as-service offering a family of on demand solutions for integrated sales force automation, campaign management, customer service and support, and document and file management to help companies meet the complex challenges of global customer communication. The company has introduced sforce, a new service that will change how applications are built as significantly as salesforce.com changed how applications are delivered.
About Demandware :
Demandware, is a provider of enterprise cloud commerce solutions, empowering retailers to continuously innovate in our complex, consumer-driven world.
Published: Thursday, June 2, 2016