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DemandWare Buys N2N Assets

DemandWare Inc. has won an auction for the assets of N2N Commerce, a Cambridge, Mass-based maker of on-demand commerce management software for multichannel retailers. No financial terms were disclosed.

DemandWare has raised around $44 million in VC funding from General Catalyst Partners, North Bridge Venture Partners and T-Venture Holding. N2N had raised $30 million in January 2007 from General Catalyst and Limited Brands, but ceased operations just one year later.