WALTHAM, Mass. (November 22, 2004) — a strategic real estate advisory and brokerage firm serving technology and venture capital companies, today announced that its client, Demandware Inc. (www.demandware.com), recently signed a two year sublease from Patni Computing Systems at 120 Presidential Way in Woburn. Simultaneously, Demandware has announced a first round of venture capital of $7.15 million from two (2) leading venture capital firms, NorthBridge Venture Partners and General Catalyst Partners.
Mark Cote of T3 Advisors represented Demandware and Adam Subber from CRESA Partners represented Patni Computing Systems.
Demandware provides an on demand e-commerce platform that combines the flexibility, functionality and interoperability of a full e-commerce application suite with the operating efficiency of a hosted on demand service. Demandware offers manufacturers and retailers the ability to deliver advanced custom e-commerce solutions with no upfront capital expenditures and operating costs that are aligned with business results. Demandware was founded by a management team from leading e-commerce infrastructure companies including Allaire, ATG, Intershop, Macromedia and NaviSite.
“Successfully establishing our headquarters in the United States was supremely important in the launch our company’s operations especially given the fact that many of our engineers are relocating from Germany. T3 worked diligently to ensure that our tight operational timeframe was met. In addition, we were able to secure a real estate deal with minimal upfront facility/infrastructure costs,” said Stephan Schambach, president and CEO of Demandware. “T3 listened to all of our needs and identified the location and space that prepares us best for our growth.”
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