Demandware Re-files its S-1 With the SEC to Reflect Venda's SaaS and On Demand Credentials
New York, NY 3/20/2012 08:09 AM GMT (TransWorldNews)
Venda, Inc. thanks Demandware for amending its S-1 filing with the Securities and Exchange Commission and its IPO roadshow presentation materials to accurately reflect Venda's position in the On Demand market. Previously, Demandware did not clearly represent that Venda competes head to head with Demandware for business with enterprise class customers in On Demand, Software as a Service eCommerce solutions. This has now been changed as of yesterday afternoon (as at 13 March 2012).
Venda has more customers globally than Demandware, commenced trading three years before Demandware was founded, and provides many enterprise-class customers such as Tesco, TJX Companies and France Telecom with SaaS, On Demand e-commerce.
Eric Abensur, Group Chief Executive of Venda, said, "We are delighted that Demandware has corrected the statements in their S-1 and roadshow materials and recognized our first mover status in SaaS, On Demand eCommerce solutions and the fact that we have similar offerings in the market.
"We are also enthusiastic about their planned listing on the NYSE and wish them well."
Demandware will trade under DWRE on the New York Stock Exchange.
Venda, is the world's largest on-demand ecommerce provider. Processing over $1Bn of transactions annually, its highly flexible convergent cross-channel platform offers retailers the scalability, stability and security for deploying world-class ecommerce sites. With over ten years' experience and a presence in the US, UK and France, Venda helps global retailers increase revenues and deliver a return on investment faster than traditional 'buy and build' methods. Its expertise in multichannel commerce and knowledge of payment regulations in different countries allows retailers to expand quickly into new markets. As of December 2011, over 100 retailers of all sizes use Venda's platform to handle millions of transactions each month. These include Vince, Anthropologie, US Mint, TJX Companies, Jimmy Choo, Urban Outfitters, The Metropolitan Museum of Art, Clothing at Tesco, BBC and Orange. For further information please visit http://www.venda.com or join the discussions at http://www.twitter.com/vendainc and at http://www.facebook.com/vendainc
Jeff Max, President
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