Digital River

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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:

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  • 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

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External links

  1. ↑ Lua error in package.lua at line 80: module 'strict' not found.
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  3. ↑ http://www.digitalriver.com/our-company/newsroom/press-release/digital-river-announces-completion-acquisition-investor-group-led-siris-capital-group/
  4. ↑ Lua error in package.lua at line 80: module 'strict' not found.
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  13. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  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
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