Monday, June 16, 2008

Demandware acquires the assets of n2N Commerce - Woburn, MA

Demandware, a provider of ecommerce software, has acquired the assets of n2N Commerce, a Cambridge-based developer of ecommerce software for large multichannel retailers, through a sealed bid auction. Founded in 2006, n2N Commerce was a venture between Limited Brands and the venture capital firm General Catalyst Partners. The company raised $45 million in capital to design and develop its software product. Financial terms of Demandware's winning bid for the company's assets were not disclosed.


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