Digital River Extends Commerce Agreement with HP
MINNEAPOLIS — Apr. 25, 2012 — Digital River, Inc. (NASDAQ: DRIV), the revenue growth experts in global cloud commerce, announced it signed a three-year contract extension with HP, one of the world’s largest information technology companies and a leading developer and manufacturer of computing, data storage and networking hardware. Based on the agreement, Digital River will continue to manage the U.S. online catalog for HP’s customers in the enterprise, small- and medium-sized and public sector markets.
“The solution Digital River provides enables HP to effectively complete our commercial e-commerce offering,” said Jeff Schneiderwind, e-commerce program manager at HP. “By continuing to partner with Digital River, we can ensure our customers a reliable, best-in-class online purchasing experience.”
“We take pride in building long-term partnerships with our clients,” said Tom Donnelly, Digital River’s president and COO. “Our decade-long relationship with HP is a testament to our ability to help companies advance their online commerce strategies, strengthen their customer relationships and drive revenue growth.”
To better meet the needs of HP and its customers, Digital River created a single online catalog that combines product information from multiple sources. U.S. catalog orders for HP branded products as well as third-party software and consumer electronics goods can be made through the HP website and its call centers.
About HP
HP creates new possibilities for technology to have a meaningful impact on people, businesses, governments and society. The world’s largest technology company, HP brings together a portfolio that spans printing, personal computing, software, services and IT infrastructure to solve customer problems. More information about HP (NYSE: HPQ) is available at http://www.hp.com.
About Digital River, Inc.
Digital River, Inc., the revenue growth experts in global cloud commerce, builds and manages online businesses for software and game publishers, consumer electronics manufacturers, distributors, online retailers and affiliates. Its multi-channel 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 a global commerce operation. The company’s comprehensive platform offers site development and hosting, order management, fraud management, 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 across the U.S., Asia, Europe and South America. For more details about Digital River, visit the corporate website, follow the company on Twitter or call +1 952-253-1234.
Forward-Looking Statement
In addition to the historical information contained herein, this press release contains forward-looking statements, such as statements containing the words, “will,” “plans,” “intends,” “expects,” and similar words. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Digital River, or industry results, to differ materially from those expressed or implied by such forward-looking statements. Such factors include, among others: Digital River’s operating history and variability of operating results; competition in the electronic commerce market; the ability of Digital River to support commerce sales for HP; the market’s acceptance of such offerings; and other risk factors referenced in Digital River’s public filings with the Securities and Exchange Commission.
Digital River is a registered trademark of Digital River, Inc. All other trademarks and registered trademarks are trademarks of their respective owners.
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