Digital River
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This article appears to be written like an advertisement. (April 2014) |
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| Public NASDAQ: DRIV | |
| Industry | e-commerce |
| Founded | 1994 |
| Founder | Joel Ronning (former CEO) |
| Headquarters | Minnetonka, Minnesota, United States |
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Area served
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global |
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Key people
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Dave Dobson (CEO) |
| Products | digital software delivery |
| Revenue | $370.5 million[1] |
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Number of employees
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1,239[2] |
| Website | www |
Digital River is a public company that provides global ecommerce, payments and marketing services. In 2013, Digital River processed more than $30 billion in online transactions.
Digital River is headquartered in Minnetonka, Minnesota with offices in Seattle, Washington; Aliso Viejo, San Diego and San Francisco, California; Victoria, BC, Canada; Cologne, Germany; London, England; Shannon, Ireland; Stockholm, Sweden; Luxembourg; Moscow, Russia;Vienna, Austria; Shanghai and Beijing, China; São Paulo, Brazil; Taipei, Taiwan and Tokyo, Japan.
Contents
Company operations[edit]
Clients include Acer, Adobe Systems,[3] ArenaNet, [4] Autodesk, AVAST, Capcom, Expedia.com, HarperCollins, [5] Jawbone, Kaspersky Lab, Lenovo, Logitech, Mattel, McAfee, Microsoft,[6] Nuance, Panasonic, Razer USA, Samsung, SanDisk, Seagate, Siemens, [7] Skullcandy, Spotify, Square Enix, TechSmith, [8] Thunder Tiger, [9] Ticketmaster, Trend Micro, Ubisoft, Vistaprint, VMware, Western Digital and Wix.com.[10]
Digital River has a history of acquiring other companies in the e-commerce (including digital software delivery) industry.[11]
It has acquired:
- RegNow
- RegNet
- FileBasket
- SiliconRealms
- RegSoft
- Simtel
- Digibuy
- CCNow (2002)[12]
- Freemerchant.com (discontinued 15 January 2008)[13]
- NetSales
- Emetrix
- Journey Education Marketing
- Qwerks
- FileKicker
- element5
- MindVision, Inc
Arenanet
- eSellerate
- ShareIt
- THINK Subscription (2008)[14]
- SWREG (2005)[15]
- Fatfoogoo (2010)[16][17]
- BlueHornet Networks (2004)
Divestitures[edit]
- CCNow (sold to Snorrason Holdings 2012)[18]
- Journey Education Marketing (2013)
Security breach[edit]
A security breach in 2010 resulted in a list of nearly 200,000 customer's data being stolen.[19] A lawsuit followed by Digital River.[20]
CEO History[edit]
Joel Ronning was CEO from the company's founding until stepping down in November 2012.[21] In June 2013, Ronning was ranked as the most over paid CEO at a public company in Minnesota[22] despite not having been CEO since November of the previous year. In February 2013, Dave Dobson was named CEO.[23]
References[edit]
- ^ "Digital River Reports Fourth Quarter and Full Year 2013 Financial Results". Digital River. 2014. Retrieved 2014-02-05.
- ^ "2009 Annual Report". Digital River. 2009. Retrieved 2007-12-01.
- ^ http://corporate.digitalriver.com/store/digriv/PressReleases/sectionName.company/subSectionName.newsEvents/pr.208332600
- ^ http://www.digitalriver.com/our-company/newsroom/press-release/digital-river-powers-global-e-commerce-operations-for-guild-wars-2-arenanets-best-selling-mmo-game/
- ^ http://www.digitalriver.com/our-company/newsroom/press-release/harpercollins-selects-digital-river-to-manage-global-commerce-and-online-payments-for-consumer-ebook-sales-of-its-c-s-lewis-titles-across-the-u-s-and-u-k/
- ^ http://corporate.digitalriver.com/store/digriv/PressReleases/sectionName.company/subSectionName.newsEvents/pr.208316700
- ^ http://www.digitalriver.com/our-company/newsroom/press-release/siemens-selects-digital-river-smartchannel-solution-to-manage-subscription-sales-of-its-solid-edge-software/
- ^ http://www.digitalriver.com/our-company/newsroom/press-release/techsmith-makers-of-snagit-and-camtasia-expands-global-commerce-relationship-with-digital-river/
- ^ http://www.digitalriver.com/our-company/newsroom/press-release/digital-river-selected-by-thunder-tiger-to-establish-global-e-commerce-presence/
- ^ http://phx.corporate-ir.net/phoenix.zhtml?c=94762&p=irol-newsArticle&ID=1902774&highlight=
- ^ Sharon Housley (2004). "Digital River's Destructive Acquisition Strategy". Security Pro News. Retrieved 2011-04-24.
- ^ Kurt Peters (2002). "Digital River Acquires Certain Assets of CCNow.com". Internet Retailer. Retrieved 2013-02-02.
- ^ The FreeMerchant Team (2008). "Freemerchant.com". Digital River, Inc. Retrieved 2013-02-02.
- ^ "Digital River introduces a new feature for online merchants". ecommerce-journal. 2009. Retrieved 2009-01-29.
- ^ "SWREG Inc.: Private Company Information". Bloomberg Businessweek. 2012. Retrieved 2013-02-02.
- ^ Eric Savitz (2010). "Digital River Acquires Fatfoogoo". Barrons. Retrieved 2011-04-24.
- ^ Dean Takahashi (2010). "Digital River buys virtual goods company Fatfoogoo". Retrieved 2010-05-05.
- ^ Snorrason Holdings (2012). "Snorrason Holdings to Acquire CCNow from Digital River". PRWeb. Retrieved 2012-12-31.
- ^ Dan Browning (2010). "Digital River sues over data breach". Star Tribune. Retrieved 2011-04-24.
- ^ Tim Wilson (2010). "Digital River Sues Over Theft Of Data On Nearly 200,000 Customers". Darkreading. Retrieved 2011-04-24.
- ^ http://www.startribune.com/business/176887141.html
- ^ http://www.bizjournals.com/twincities/news/2013/07/26/overpaid-ceos.html
- ^ http://www.businesswire.com/news/home/20130228006533/en/Digital-River-Names-David-C.-Dobson-Chief
