Salesforce buys cloud commerce solutions provider Demandware

Salesforce has announced that it has agreed to purchase enterprise cloud commerce solutions provider Demandware in a $2.8 billion cash deal. Salesforce will commence a tender offer for all outstanding shares of Demandware -- which boasts the likes of L’Oreal and Marks & Spencer as customers -- for $75.00 a share, with the transaction expected to close at the end of July 2016. Marc Benioff, chairman and CEO of Salesforce said: "Demandware is an amazing company -- the global cloud leader in the multi-billion dollar digital commerce market. With Demandware, Salesforce will be well positioned to deliver the future of… [Continue Reading]