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Digital River, Inc., a global leader in e-commerce outsourcing, builds and manages online businesses for more than 40,000 software publishers, manufacturers, distributors and online retailers. Its multi-channel e-commerce solution, which supports both direct and indirect sales, is designed to help companies of all sizes maximize online revenues as well as reduce the costs and risks of running an e-commerce operation. The company’s comprehensive platform offers site development and hosting, order management, fraud prevention, export controls, tax management, physical and digital product fulfillment, multi-lingual customer service, advanced reporting and strategic marketing services.
Founded in 1994, Digital River is headquartered in Minneapolis with offices in major U.S. cities as well as Cologne, Germany; London, England; Shannon, Ireland; Luxembourg, Luxembourg; Taipei, Taiwan; and Tokyo, Japan.
1994 Joel Ronning, CEO, founds Digital River.
1996 Ronning’s vision to electronically package and deliver software leads to an innovative digital commerce model. The company establishes the Software and Digital Commerce Services Division.
1998 Digital River completes its initial public offering and hits $21 million in gross revenues.
1999 Digital River’s e-commerce model advances and evolves to meet market demand. The company establishes the E-Business Services Division. Gross revenues reach $75 million.
1999 Digital River clients leverage the company’s expertise in managing analytical marketing campaigns to grow their online sales. Digital River launches E-Marketing Services.
2000 The company’s sophisticated global commerce system enables B2B e-commerce, automates traditional business processes and supports large sales channels. Digital River launches E-Returns, E-Channel Management and E-Reseller Network System.
2001 Digital River recorded positive earnings before interest, taxes, depreciation and amortization (EBITDA) in the third quarter. Also, September was the first month that Digital River achieved profitability on a company-wide basis, prior to goodwill amortization and acquisition related costs.
2002 Digital River recorded its first full quarter of profitability according to Generally Accepted Accounting Principles (GAAP) during the thrid quarter.
2003 Digital River achieves its first full fiscal year of profitability on a GAAP basis.
2004 Digital River expands its footprint in the European market with the acquisition of Cologne, Germany-based element5.
2005 Digital River's annual net revenues surpass the $200 million mark. The company continues its global expansion by opening offices in Taipei, Taiwan, and Tokyo, Japan.
2006
Digital River further strengthens its market-leadership position in Europe when it opened Digital River Ireland, Ltd. in Shannon, Ireland, and Digital River International S.a.r.l. in Luxembourg, Luxembourg.
Company
Digital River, Inc. (Nasdaq: DRIV), is a global leader in e-commerce outsourcing. Digital River builds, manages, hosts and grows entire e-commerce operations for its global client base.
Employees
1000
Net Sales Revenue
2005 - $220.4 miilion
2004 - $154.1 million
2003 - $101.2 million
2002 - $77.8 million
2001 - $57.8 million
2000 - $31.2 million
1999 - $14.5 million
1998 - $3.4 million
Partners
Microsoft, Sun, Oracle, Fujitsu, Kana, Verity, Taxware, LinkShare, and SAS.
Clients
More than 40,000 clients, including Symantec, Microsoft, Adobe, Motorola, Boston Acoustics, H&R Block, Novell, Autodesk, Nuance, CompUSA, Newegg.com, BestBuy.com and Staples.com.
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