Inc. (NYSE: CRM), which sells business productivity software, agreed to buy Demandware Inc. (NYSE: DWRE), a provider of cloud-commerce services, in a transaction worth about $2.8 billion.

Cloud computing is driving tech deals in the middle market. Bregal Sagemount has acquired Discovery Data Inc. and Siris Capital Group LLC agreed to buy Xura Inc. (Nasdaq: MESG).  GTCR, which won Mergers & Acquisitions' 2013 M&A Mid-Market Private Equity Firm of the Year, agreed to buy Lytx. For more on cloud M&A, see Thoma Bravo & Others Bet Big on the Cloud and Cloud-Computing will Keep the Deals Coming.

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