7/15/11

Demandware, which is a leading provider of software-as-a-service e-commerce solutions, filed on Friday with the SEC to raise up to $100 million in an initial public offering. The Burlington, MA-based company, which was founded in 2004, booked $41 million in sales for the 12 months ended March 31, 2011. Backed by venture capital firms North Bridge and General Catalyst Partners, Demandware plans to list on the NYSE under the symbol DWRE. Goldman, Sachs & Co. and Deutsche Bank Securities are the lead underwriters on the deal. No pricing terms were disclosed.