Contact Us          Submit a News Story          News Archives          Home
   


E-Commerce News

Digital River acquires SWReg


March 22, 2005

Digital River announces it has acquired SWReg, a provider of e-commerce services for software authors.

Digital River acquired certain assets and assumed certain liabilities, vendor contracts and intellectual property of SWReg for $8.8 million in cash.

Digital River may make additional earn-out payments of cash based on achieving specific revenue and development goals over the first 12 months following the closing of this acquisition. This acquisition did not impact the company's first quarter 2005 revised financial expectations announced on March 17, 2005.

“This acquisition is a continuation of our strategy to extend our global footprint and expand our client base, software library and online sales network,” said Joel Ronning, CEO of Digital River. “Moving forward, we intend to capitalize on this strong foundation by offering our clients broader access to global online markets and new opportunities to drive online revenues and operational efficiencies.”

Digital River, Inc. 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. and European cities.


Source: Digital River, Inc.



Advertise on E-Commerce News

Advertise on E-Commerce News and increase your site's visibility while boosting your sales.

If you have a product or service that deals with the ecommerce or ebusiness field, advertising on E-Commerce News can bring you new sales leads and close new marketing channels. This news portal is read by over 25,000 people a week.

Businessmen and woman that either own an ecommerce website, an ebusiness franchise, a B2B commercial exchange or by people in all walks of life that need to keep abreast of this fast-changing field. For more information on the many advantages of advertising on our news portal or to request pricing information, please send us an email and a marketing representative will be glad to answer you promptly.

Contact | Submit News | News Archives | Home


Copyright © E-Commerce News, 2005. All rights reserved.

 
Avantex offers professional Web hosting services at wholesale-only prices. Get the best Linux or Windows hosting package for your eCommerce website. Learn more by clicking here.