Salesforce has completed its acquisition of Demandware, the global cloud company in the multi-billion dollar digital commerce market.

According to a related 8-K filing, a wholly owned subsidiary of Salesforce, Dynasty Acquisition offered approximately $2.8 billion to acquire Demandware. To support the acquisition, Salesforce entered into a $500 million term loan credit agreement with a group of lenders led by Bank of America as administrative agent.

Demandware is the global cloud leader in the multi-billion dollar digital commerce market. Salesforce’s acquisition of Demandware extends the company’s CRM leadership and positions it to capture a multi-billion dollar digital commerce market with what will be the new Salesforce Commerce Cloud.