MINNEAPOLIS – May 23, 2014 – Digital River, Inc. (NASDAQ: DRIV), a leading global provider of Commerce-as-a-Service solutions, today announced the appointment of Jeffrey Katz to its board of directors. A technology and travel industry veteran, Mr. Katz recently served as the chief executive officer of Wize Commerce, Inc., a global leader in online monetization and traffic acquisition technologies. His leadership roles have spanned some of the most innovative companies nationwide, including global online travel company, Orbitz, Inc., where he was the founding chief executive officer, chairman and president from 2000 to 2004.
“We are pleased to welcome Jeffrey to Digital River’s board of directors. Having served in senior executive roles in successful, high-performance online companies, Jeffrey brings a deep commitment to innovation along with tremendous experience in leading evolving organizations,” said David Dobson, Digital River’s chief executive officer. “We look forward to his contributions and insight as we continue to transform our company to create new value for our customers and shareholders.”
Prior to joining Wize Commerce in 2010, Mr. Katz spent five years at LeapFrog Enterprises, Inc., a digital educational toys and games business, where he held a number of senior executive positions, including executive chairman, president and chief executive officer. Preceding his time at LeapFrog Enterprises, Mr. Katz was the founding chairman, president and chief executive officer at Orbitz. In addition, he served as chief executive officer at Swissair and held various leadership positions at American Airlines, Inc. and Lawrence Livermore National Laboratory. His former directorships include Northwest Airlines Corp., LeapFrog Enterprises and Orbitz.
“As an established provider of global e-commerce, e-marketing and online payments services for some of the largest brands in the world, Digital River is well positioned at the center of a market with tremendous growth potential,” said Jeffrey Katz. “I am looking forward to contributing to the company’s future and helping them capitalize on the large market opportunities that are being created by changing consumer expectations and a rapidly evolving technology landscape.”
About Digital River, Inc.
Backed by 20 years of e-commerce experience, Digital River is recognized as a leading global provider of Commerce-as-a-Service solutions. Companies of all sizes rely on Digital River’s multi-tenant, SaaS commerce, payments and marketing services to manage and grow their online businesses. In 2013, Digital River processed more than $30 billion in online transactions, connecting B2B and B2C digital products and cloud service companies as well as branded manufacturers with buyers across multiple devices and channels, and nearly every country in the world.
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, read the Digital River Blog,follow the company on Twitter or call +1 952-253-1234.
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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