Salesforce to acquire Demandware

Q.  Which cloud based software maker is set to buy Demandware Inc whose software is used by businesses to run e-commerce websites for USD 2.8 billion?
- Published on 07 Jun 16

a. Salesforce
b. IBM
c. HP
d. None of the above

ANSWER: Salesforce
 
Cloud based software maker Salesforce. Inc has indicated it will be purchasing Demandware Inc whose software is used by businesses to run e-commerce websites. The deal will assist Salesforce to open a new front taking market share from traditional software companies like Oracle Corp and SAP AG.
  • E-commerce market has been growing at a rapid pace with high demand for software that helps manage functions such as payment processing and inventory management
  • Salesforce cash offer of US $75 per share represents a 56.3 premium to Demandware

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