Demandware Expands Global Operations into Japan
October 30 2014 - 5:00AM
Business Wire
Establishes Joint Venture with SunBridge
Corporation
Demandware®, Inc. (NYSE: DWRE), the industry-leading provider of
enterprise cloud commerce solutions, today announced that it has
signed a definitive agreement with SunBridge Corporation to
establish a joint venture, Demandware KK, in Japan. The new joint
venture will enable Demandware to reach a growing number of retail
brands across Japan and Asia that are looking to deliver seamless
shopping experiences across geographies and channels, including
store, web, mobile and social. Demandware, Inc. is the majority
shareholder in Demandware KK.
SunBridge is a Japan/US venture capital and professional
services firm responsible for the Japan joint ventures of
Salesforce.com, Concur, Kyriba, Silkroad Technologies and Marketo,
and whose founders also launched Oracle Japan.
eMarketer estimates that B2C ecommerce in Japan will grow 40
percent from $70.8 billion in 2013 to $100.8 billion in 2018*,
presenting a significant opportunity for Demandware KK. With
Demandware Commerce, retailers can deliver highly personalized
shopping experiences while reducing reliance on IT and decreasing
time-to-market. Demandware’s open cloud platform provides unique
benefits including seamless innovation, an integrated ecosystem of
best-of-breed partners, and community insight to optimize customer
experiences. Demandware clients benefit from a steady stream of new
features through seamless upgrades, and a world-class operating
environment that has achieved 99.99% historic platform
availability.
Allen Miner, founder and CEO of SunBridge, stated, “Japanese
organizations are embracing the cloud for mission-critical
applications to improve operational efficiencies and increase
business agility. Demandware is the leader in enterprise cloud
commerce solutions and we look forward to working with them as the
company expands into Japan.”
“Demandware Commerce continues to drive superior growth for the
largest, most demanding enterprise-scale retailers around the
world,” said Tom Ebling, CEO of Demandware. “Digital commerce is
growing rapidly in Japan and retail brands are increasingly looking
for solutions that enhance omni-channel consumer engagement.
Extending our operations into Japan to capitalize on this
tremendous opportunity has been a key component of our global
expansion strategy. We are thrilled to have the support of
SunBridge as our partner as we engage with Japanese retailers.”
*eMarketer: Worldwide B2C eCommerce Q3 2014 Complete Forecast.
August 2014. Alison McCarthy. Contributors include Marcus Johnson,
Oscar Orozco, Monica Peart, Shelleen Shum, Martin Utreras, Haixia
Wang
About SunBridge
SunBridge Corporation is an international venture capital and
professional services firm. SunBridge offers globalization support
for both Japanese and US technology companies; is a premier value
added reseller of leading international enterprise software
products; and offers a range of custom development and consulting
services. SunBridge’s principals share a rich heritage of having
founded Oracle Japan and held senior executive positions with IBM
Japan and other leading enterprise software companies. SunBridge
has successfully co-founded Salesforce.com Japan, Concur Japan
(Nasdaq: CNQR), Kyriba Japan and Silkroad Technologies Japan.
SunBridge has invested over $100m in more than 65 portfolio
companies, resulting in eight successful IPOs and several major
acquisition exits generating over $38 Billion in current market
capitalization. SunBridge offices are located in Tokyo, Osaka,
Silicon Valley, Charlotte and Cleveland. More information is
available at www.sunbridge.com and www.sunbridgepartners.com.
About Demandware
Demandware, the category defining leader of enterprise cloud
commerce solutions, empowers the world’s leading retailers to
continuously innovate in our complex, consumer-driven world.
Demandware’s open cloud platform provides unique benefits including
seamless innovation, the LINK ecosystem of integrated best-of-breed
partners, and community insight to optimize customer experiences.
These advantages enable Demandware customers to lead their markets
and grow faster. For more information, visit www.demandware.com,
call +1-888-553-9216 or email info@demandware.com.
DemandwarePayal Patel Cudia, 781-425-1328Director, Corporate
Communicationspcudia@demandware.comorErica Smith, 781-425-1222Vice
President, Investor Relations,
Demandwareesmith@demandware.comorAruna Basnayake,
+813-5488-6006Member of the Board of Directors, Demandware KKGroup
CFO, SunBridge Corporationaruna@sunbridge.com
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