Woburn, Mass. - June 11, 2007 - Demandware (www.demandware.com), developer of the breakthrough On-Demand eCommerce Platform, today announced its participation in an invite-only event being held by Citigroup to explore the use and development of technology in the retail industry. Demandware founder and chairman Stephan Schambach will discuss how retail eCommerce solutions are helping retailers innovate, increase market share and boost gross margin at the event, which will be held on June 12, 2007 at the Citigroup Center in New York City. Schambach will be joined by leading retail equity research analyst Deb Weinswig of Citigroup, technology analyst Paula Rosenblum of Retail Systems Alert Group, in addition to executives from J.C. Penney, Kenneth Cole, SAP, Microsoft, and SAS.
The Citigroup Retail Technology Conference provides participants with an overview of how retailers have benefited from current retail technology and how these solutions will impact the future of the retail industry. Demandware's presentation will focus on the fastest growing segment of retail - the online channel. As spending continues to increase and more sophisticated consumers become multi-channel shoppers, today's leading retailers must engage the right technology partners and find solutions like Demandware to meet the demanding needs of consumers.
"A new and innovative approach to eCommerce must be considered as part of any retail growth strategy especially considering the tremendous increase over the past year in cross channel consumer spending," said Schambach. "The Citigroup Retail Technology Forum is a great opportunity for us to convene with innovative retailers and share trends that are driving the retail industry forward."
About Stephan Schambach, Chairman and Founder of Demandware
Prior to founding Demandware in 2004, Schambach was CEO of Intershop, an eCommerce company he founded in 1992, built to market leadership, brought public in 1998 on the Frankfurt Stock Exchange's Neuer Market, and led to a successful NASDAQ listing in 2000. Long an ecommerce visionary, Schambach was among the first to recognize eCommerce as a major software market. He is the developer of a number of industry standards for the technology and also produced the first integrated ecommerce software package, enabling major global brands to sell and service over the internet. Schambach also currently serves as a board member of the SIIA (Software Information Industry Association of America) Software Division and regularly speaks in the industry about emerging technologies. Earlier in his career, Schambach studied physics at Friedrich-Schiller University in Jena, Germany, and was among the first to found a company in East Germany after the Berlin Wall came down.
About Demandware, Inc.
Demandware drives the success of high-growth brands with its breakthrough On-Demand eCommerce Platform that empowers merchandising and marketing talent with total control over the shopping experience and continuous competitive differentiation. Leading brands such as Bare Escentuals, Playmobil, and Playboy leverage Demandware's best-in-class eCommerce functionality and automatic upgrades to help achieve higher conversion rates, increase average order size, and improve customer retention. Demandware is the only on-demand ecommerce solution that enables the rapid rollout of new sites, provides ubiquitous access to business and technical users, and is backed by a patented grid computing architecture that delivers capacity as needed for performance and reliability that exceeds industry standards. For more information about Demandware, visit www.demandware.com, call 888 553 9216 or firstname.lastname@example.org.