Jump to content

Digital River

Add links
From Wikipedia, the free encyclopedia

This is an old revision of this page, as edited by 146.127.253.14 (talk) at 15:39, 19 October 2015. The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

Digital River
Company typePrivate
Industrye-commerce
Founded1994
FounderJoel Ronning (former CEO)
Headquarters
Minnetonka, Minnesota
,
United States
Area served
global
Key people
Dave Dobson (CEO)

Ted Cahall (COO)

Hoke Horne (CFO)
Productsdigital software delivery
Revenue$370.5 million[1]
Number of employees
1,239[2]
Websitewww.digitalriver.com

Digital River is a private company[3] 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.

Company operations

Digital River has a history of acquiring other companies in the e-commerce (including digital software delivery) industry.[4]

Notable acquisitions include:

  • Simtel
  • CCNow (2002)[5]
  • Freemerchant.com (discontinued 15 January 2008)[6]
  • Journey Education Marketing
  • eSellerate
  • THINK Subscription (2008)[7]
  • SWREG (2005)[8]
  • Fatfoogoo (2010)[9][10]

Divestitures

Security breach

A security breach in 2010 resulted in a list of nearly 200,000 customer's data being stolen.[12] A lawsuit followed by Digital River.[13]

CEO History

Joel Ronning was CEO from the company's founding until stepping down in November 2012.[14] In June 2013, Ronning was ranked as the most overpaid CEO at a public company in Minnesota[15] despite having been CEO only until November of the previous year. In February 2013, Dave Dobson was named CEO.[16]

References

  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://www.digitalriver.com/our-company/newsroom/press-release/digital-river-announces-completion-acquisition-investor-group-led-siris-capital-group/
  4. ^ Sharon Housley (2004). "Digital River's Destructive Acquisition Strategy". Security Pro News. Retrieved 2011-04-24.
  5. ^ Kurt Peters (2002). "Digital River Acquires Certain Assets of CCNow.com". Internet Retailer. Retrieved 2013-02-02.
  6. ^ The FreeMerchant Team (2008). "Freemerchant.com". Digital River, Inc. Retrieved 2013-02-02.
  7. ^ "Digital River introduces a new feature for online merchants". ecommerce-journal. 2009. Retrieved 2009-01-29.
  8. ^ "SWREG Inc.: Private Company Information". Bloomberg Businessweek. 2012. Retrieved 2013-02-02.
  9. ^ Eric Savitz (2010). "Digital River Acquires Fatfoogoo". Barrons. Retrieved 2011-04-24.
  10. ^ Dean Takahashi (2010). "Digital River buys virtual goods company Fatfoogoo". Retrieved 2010-05-05.
  11. ^ Snorrason Holdings (2012). "Snorrason Holdings to Acquire CCNow from Digital River". PRWeb. Retrieved 2012-12-31.
  12. ^ Dan Browning (2010). "Digital River sues over data breach". Star Tribune. Retrieved 2011-04-24.
  13. ^ Tim Wilson (2010). "Digital River Sues Over Theft Of Data On Nearly 200,000 Customers". Darkreading. Retrieved 2011-04-24.
  14. ^ http://www.startribune.com/business/176887141.html
  15. ^ http://www.bizjournals.com/twincities/news/2013/07/26/overpaid-ceos.html
  16. ^ http://www.businesswire.com/news/home/20130228006533/en/Digital-River-Names-David-C.-Dobson-Chief
Retrieved from "https://en.wikipedia.org/w/index.php?title=Digital_River&oldid=686511110"