Salesforce to buy Demandware in $2.8B deal

Cloud-based software maker Salesforce.com agreed to purchase e-commerce software provider Demandware for $2.8 billion.

The $75 per share cash offer represents a 56.3 percent premium over Demandware's Tuesday closing cost.

If completed, the buyout would be Salesforce's largest to date. In 2013, it bought marketing software maker ExactTarget for $2.5 billion.

Demandware's clients include Lands' End Inc., L'Oreal SA and Marks and Spencer Group.

Read more from Reuters.