  Multiwavelength observations of the high-frequency-peaked blazar 1ES2344+514
were performed from 2007 October to 2008 January. The campaign represents the
first contemporaneous data on the object at very high energy (VHE, E >100 GeV)
{\gamma}-ray, X-ray, and UV energies. Observations with VERITAS in VHE
{\gamma}-rays yield a strong detection of 20 {\sigma} with 633 excess events in
a total exposure of 18.1 hours live-time. A strong VHE {\gamma}-ray flare on
2007 December 7 is measured at F(>300 GeV) = (6.76 \pm 0.62) \times 10-11 ph
cm-2 s-1, corresponding to 48% of the Crab Nebula flux. Excluding this flaring
episode, nightly variability at lower fluxes is observed with a time-averaged
mean of F(>300 GeV) = (1.06 \pm 0.09) \times 10-11 ph cm-2 s-1 (7.6% of the
Crab Nebula flux). The differential photon spectrum between 390 GeV and 8.3 TeV
for the time-averaged observations excluding 2007 December 7 is well described
by a power law with a photon index of {\Gamma} = 2.78 \pm 0.09stat \pm
0.15syst. Over the full period of VERITAS observations contemporaneous X-ray
and UV data were taken with Swift and RXTE. The measured 2-10 keV flux ranged
by a factor of ~7 during the campaign. On 2007 December 8 the highest ever
observed X-ray flux from 1ES 2344+514 was measured by Swift XRT at a flux of
F(2-10 keV) = (6.28 \pm 0.31) \times 10-11 erg cm-2 s-1. Evidence for a
correlation between the X-ray flux and VHE {\gamma}-ray flux on nightly
time-scales is indicated with a Pearson correlation coefficient of r = 0.60 \pm
0.11. Contemporaneous spectral energy distributions (SEDs) of 1ES 2344+514 are
presented for two distinct flux states. A one-zone synchrotron self-Compton
(SSC) model describes both SEDs using parameters consistent with previous SSC
modeling of 1ES 2344+514 from non-contemporaneous observations.
