Digital River
 |
|
| Public NASDAQ: DRIV | |
| Industry | e-commerce |
| Founded | 1994 |
| Founder | Joel Ronning (former CEO) |
| Headquarters | Minnetonka, Minnesota, United States |
|
Area served
|
global |
|
Key people
|
Dave Dobson (CEO) |
| Products | digital software delivery |
| Revenue | $370.5 million[1] |
|
Number of employees
|
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.
Contents
Company operations[edit]
Digital River has a history of acquiring other companies in the e-commerce (including digital software delivery) industry.[3]
Notable acquisitions include:
- Simtel
- CCNow (2002)[4]
- Freemerchant.com (discontinued 15 January 2008)[5]
- Journey Education Marketing
- eSellerate
- THINK Subscription (2008)[6]
- SWREG (2005)[7]
- Fatfoogoo (2010)[8][9]
Divestitures[edit]
- CCNow (sold to Snorrason Holdings 2012)[10]
- 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.[11] A lawsuit followed by Digital River.[12]
CEO History[edit]
Joel Ronning was CEO from the company's founding until stepping down in November 2012.[13] In June 2013, Ronning was ranked as the most overpaid CEO at a public company in Minnesota[14] despite having been CEO only since November of the previous year. In February 2013, Dave Dobson was named CEO.[15]
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.
- ^ 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
External links[edit]
‹The template Digital distribution platforms is being considered for deletion.›
