Today, I am pleased to share the news that Salesforce has signed a definitive agreement to acquire Demandware! This is a compelling transaction for Demandware, providing significant value for clients, partners, employees and shareholders.
We believe Salesforce is the ideal fit for Demandware. Salesforce pioneered the market shift to enterprise cloud computing and, since our founding in 2004, Demandware has similarly transformed the retail industry with a scalable, cloud-based commerce platform. With Salesforce’s broader reach and complementary technologies, we will accelerate expansion of our addressable market and delivery of a unified commerce platform to connect retailers with consumers through any channel, anytime, anywhere.
The Demandware mission is to empower retailers to engage and inspire consumers, enhance brand value and grow profitably. We expect to accelerate that mission as the Salesforce Commerce Cloud. When the transaction closes, Demandware will become an integral part of the Salesforce world-class Customer Success Platform. Demandware customers will be able to leverage the platform to deliver a more comprehensive, personalized consumer experience throughout the entire customer lifecycle, while Salesforce customers will gain access to the Demandware leading enterprise cloud commerce solution.
Salesforce and Demandware also share a similar “customer first” mentality. I am proud of the community we have built and thankful to the clients who believed in our vision and entrusted us with their business. I am also proud of Demandware employees whose dedication and hard work have made this combination and its many benefits possible. I am confident that the Demandware team will continue to be an important contributor as part of Salesforce.
While we believe that the upside for Demandware clients and partners is compelling, today’s announcement is just the first step. We expect the transaction to be completed in the second quarter of the Salesforce fiscal year 2017 (May 1 through July 31). Until that time, Demandware will remain a separate, independent company, and we will continue to conduct business as usual. As we bring our companies together, we look forward to sharing more specific details about Demandware as part of Salesforce.