Demandware Scoops Up N2N’s Assets

Wade Roush6/16/08

Woburn, MA-based Demandware, which offers an on-demand e-commerce platform for online retailers, has acquired all of the remaining assets of N2N, a competing e-commerce startup formerly based in Cambridge, MA, that shut down at the end of 2007 after raising $30 million in venture funding from General Catalyst Partners and other investors. Demandware won the assets for an undisclosed amount in a sealed-bid auction that was completed May 2, according to an announcement today from attorneys for N2N’s creditors.

Wade Roush is Xconomy's chief correspondent and editor of Xconomy San Francisco. You can e-mail him at wroush@xconomy.com or follow him on Twitter at twitter.com/wroush.