Faruqi & Faruqi, LLP Announces Investigation of DemandTec, Inc.

NEW YORK--(BUSINESS WIRE)--Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of DemandTec, Inc. (“DemandTec” or the “Company”) (NASDAQ: DMAN) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to International Business Machines Corp. (NYSE: IBM) in an all-cash deal valued at about $440 million. Under the terms of the proposed transaction, DemandTec stockholders will receive $13.20 in cash for each DemandTec share of common stock they own.