Digital River

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Digital River
Type Public NASDAQDRIV
Industry e-commerce
Founded 1994
Founders Joel Ronning (former CEO)
Headquarters Minnetonka, Minnesota, United States
Area served global
Key people

Dave Dobson (CEO)
Ted Cahall (COO)

Stefan Schulz (CFO)
Products digital software delivery
Revenue $370.5 million[1]
Employees 1,239[2]
Website www.digitalriver.com

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, Republic of China (Taiwan) and Tokyo, Japan.

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:

Arenanet

Divestitures[edit]

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]

  1. ^ "Digital River Reports Fourth Quarter and Full Year 2013 Financial Results". Digital River. 2014. Retrieved 2014-02-05. 
  2. ^ "2009 Annual Report". Digital River. 2009. Retrieved 2007-12-01. 
  3. ^ http://corporate.digitalriver.com/store/digriv/PressReleases/sectionName.company/subSectionName.newsEvents/pr.208332600
  4. ^ 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/
  5. ^ 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/
  6. ^ http://corporate.digitalriver.com/store/digriv/PressReleases/sectionName.company/subSectionName.newsEvents/pr.208316700
  7. ^ http://www.digitalriver.com/our-company/newsroom/press-release/siemens-selects-digital-river-smartchannel-solution-to-manage-subscription-sales-of-its-solid-edge-software/
  8. ^ http://www.digitalriver.com/our-company/newsroom/press-release/techsmith-makers-of-snagit-and-camtasia-expands-global-commerce-relationship-with-digital-river/
  9. ^ http://www.digitalriver.com/our-company/newsroom/press-release/digital-river-selected-by-thunder-tiger-to-establish-global-e-commerce-presence/
  10. ^ http://phx.corporate-ir.net/phoenix.zhtml?c=94762&p=irol-newsArticle&ID=1902774&highlight=
  11. ^ Sharon Housley (2004). "Digital River's Destructive Acquisition Strategy". Security Pro News. Retrieved 2011-04-24. 
  12. ^ Kurt Peters (2002). "Digital River Acquires Certain Assets of CCNow.com". Internet Retailer. Retrieved 2013-02-02. 
  13. ^ The FreeMerchant Team (2008). "Freemerchant.com". Digital River, Inc. Retrieved 2013-02-02. 
  14. ^ "Digital River introduces a new feature for online merchants". ecommerce-journal. 2009. Retrieved 2009-01-29. 
  15. ^ "SWREG Inc.: Private Company Information". Bloomberg Businessweek. 2012. Retrieved 2013-02-02. 
  16. ^ Eric Savitz (2010). "Digital River Acquires Fatfoogoo". Barrons. Retrieved 2011-04-24. 
  17. ^ Dean Takahashi (2010). "Digital River buys virtual goods company Fatfoogoo". Retrieved 2010-05-05. 
  18. ^ Snorrason Holdings (2012). "Snorrason Holdings to Acquire CCNow from Digital River". PRWeb. Retrieved 2012-12-31. 
  19. ^ Dan Browning (2010). "Digital River sues over data breach". Star Tribune. Retrieved 2011-04-24. 
  20. ^ Tim Wilson (2010). "Digital River Sues Over Theft Of Data On Nearly 200,000 Customers". Darkreading. Retrieved 2011-04-24. 
  21. ^ http://www.startribune.com/business/176887141.html
  22. ^ http://www.bizjournals.com/twincities/news/2013/07/26/overpaid-ceos.html
  23. ^ http://www.businesswire.com/news/home/20130228006533/en/Digital-River-Names-David-C.-Dobson-Chief

External links[edit]