<article>Cloud-based software maker Salesforce.com Inc said it would buy Demandware Inc, which provides software to design e-commerce websites, for about $2.8 billion.</article>

Cloud-based software maker Salesforce.com Inc said it would buy Demandware Inc, which provides software to design e-commerce websites, for about $2.8 billion.
Salesforce&#8216;s cash offer of $75.00 per share represents a 56.3 percent premium to Demandware&#8217;s Tuesday closing.
Demandware&#8217;s shares were up 52.1 percent at $73, while Salesforce slipped 2 percent to $82.00 in premarket trading on Wednesday.
The acquisition is Salesforce&#8216;s largest to date, topping its $2.5 billion purchase of marketing software maker ExactTarget in 2013.
Demandware&#8217;s clients include Lands&#8217; End Inc, L&#8217;Oreal SA and Marks and Spencer Group Plc.
&#8220;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,&#8221;Salesforce CEO Marc Benioff said in a statement.
The deal, slated to close in Salesforce&#8216;s second quarter ending July, is expected to increase the company&#8217;s 2017 revenue by about $100 million to $120 million.
Salesforce had forecast fiscal 2017 revenue of $8.16 billion-$8.2 billion in May.
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Reuters

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Salesforce to buy Demandware for about $2.8b

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Salesforce to buy Demandware for about $2.8b

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