CRM, DWRE: Salesforce Deal Sends Demandware Stock Soaring

salesforce.com, inc. (NYSE:CRM) has acquired Demandware Inc (NYSE:DWRE) for $2.8 billion.

DemandwareThe cloud-based e-commerce company had a valuation of only $1.87 billion at yesterday’s close, but Saslesforce was happy to pay the premium in order to expand its cloud offerings.

Overall, the company paid $75.00 a share for Demandware, helping DWRE shares soar 55.8% Wednesday to send the stock’s price to $74.74 during hump day trading.

Demandware had only raised $54 million when the company first launched as a startup.

CRM stock fell 0.2% today.

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Article printed from InvestorPlace Media, https://investorplace.com/2016/06/salesforce-demandware-dwre-crm/.

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