Digital River: Difference between revisions
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==Security breach== |
==Security breach== |
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A security breach in 2010 resulted in a list of nearly 200,000 |
A security breach in 2010 resulted in a list of nearly 200,000 customer's data being stolen.<ref>{{cite web|url=http://www.startribune.com/business/95584209.html|title=Digital River sues over data breach|year=2010|publisher=Star Tribune|author=Dan Browning|accessdate=2011-04-24}}</ref> A lawsuit followed by Digital River.<ref>{{cite web|url=http://www.darkreading.com/security/attacks-breaches/225402000/index.html|title=Digital River Sues Over Theft Of Data On Nearly 200,000 Customers|year=2010|publisher=Darkreading|author=Tim Wilson|accessdate=2011-04-24}}</ref> |
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==CEO== |
==CEO== |
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Revision as of 22:08, 11 October 2013
 | |
| Company type | Public Nasdaq: DRIV |
|---|---|
| Industry | software |
| Founded | 1994 |
| Founder | Joel Ronning (former CEO) |
| Headquarters | , |
Area served | global |
Key people | Dave Dobson (CEO) Stefan Schulz (CFO) |
| Products | digital software delivery |
| Revenue | $403.8 million[1] |
Number of employees | 1,239[1] |
| Website | www |
Digital River is a U.S. e-commerce outsourcing company. The company’s platform offers site development and hosting, order management, fraud management, export controls, tax management, physical and digital product fulfillment, multi-lingual customer service, reporting and strategic marketing services.
Founded in 1994 Digital River is headquartered in Minnetonka, Minnesota with offices in other US cities as well as Cologne, Germany; London, England; Shannon, Ireland; Luxembourg, Luxembourg; Shanghai, China; São Paulo, Brazil; Taipei, Republic of China (Taiwan); and Tokyo, Japan.
In addition to providing order fulfillment for vendor-branded direct stores, Digital River also sells and distributes academic-priced software as a reseller through its own online stores. These stores, which include Academic Superstore, JourneyEd, Gradware and Campustech, operate under the subsidiary Digital River Education Services, Inc., formed from Digital River's acquisition of CCV Software (d/b/a Educational Superstore) in 2008 followed by Gradware and Journey Educational Marketing Inc. (JourneyEd) in 2010.
On 18 May 2005 Digital River acquired SWREG, another online payment processing company catering primarily to shareware authors.[2] In June 2006 Digital River acquired MindVision, Inc, including both the Installer VISE and eSellerate business units.[3][4]
Security breach
A security breach in 2010 resulted in a list of nearly 200,000 customer's data being stolen.[5] A lawsuit followed by Digital River.[6]
CEO
Joel Ronning was CEO from the company's founding until stepping down in November 2012.[7] In June 2013, Ronning was ranked as the most over paid CEO at a public company in Minnesota[8] despite not having been CEO since November of the previous year. In February 2013, Dave Dobson was named CEO.[9]
Company operations
Clients include ACD Systems, Adobe Systems,[10] Autodesk, Canon, Capcom, Cyberlink, Data Robotics, Electronic Arts, En Masse, Kaspersky, Kodak, Lenovo, Logitech, Mattel, Microsoft,[11] Netgear, Nuance, Pentax, Philips, Razer USA, Research In Motion,[12] SanDisk, Smith Micro, Square Enix, THQ, Trend Micro, Ubisoft, VMware, Western Digital and Wizards of the Coast.[13]
Digital River has a policy of acquiring other companies in the e-commerce (including digital software delivery) industry.[14]
It has acquired:
- RegNow
- RegNet
- FileBasket
- SiliconRealms
- RegSoft
- Simtel
- Digibuy
- CCNow (2002)[15]
- Freemerchant.com (discontinued 15 January 2008)[16]
- NetSales
- Emetrix
- Qwerks
- FileKicker
- element5
- MindVision, Inc
- eSellerate
- ShareIt
- THINK Subscription (2008)[17]
- SWREG (2005)[18]
- Fatfoogoo (2010)[19]
- BlueHornet Networks (2004)
Divestitures
- CCNow (sold to Snorrason Holdings 2012)[20]
References
- ^ a b "2009 Annual Report". Digital River. 2009. Retrieved 2007-12-01.
- ^ http://www.allbusiness.com/company-activities-management/operations-customer/5045717-1.html
- ^ "eSellerate Joins the Digital River Team". RegMatch. 2006. Retrieved 2011-04-24.
- ^ Daniel Jalkut (2006). "Take the Money and Run". Red Sweater. Retrieved 2011-04-24.
- ^ 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
- ^ http://corporate.digitalriver.com/store/digriv/PressReleases/sectionName.company/subSectionName.newsEvents/pr.208332600
- ^ http://corporate.digitalriver.com/store/digriv/PressReleases/sectionName.company/subSectionName.newsEvents/pr.208316700
- ^ https://developer.blackberry.com/appworld/faq#question6
- ^ http://www.digitalriver.com
- ^ 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.
- ^ Snorrason Holdings (2012). "Snorrason Holdings to Acquire CCNow from Digital River". PRWeb. Retrieved 2012-12-31.