October 23, 2016 5:30 PM ET

Internet Software and Services

Company Overview of Digital River Inc.

Company Overview

Digital River, Inc. provides end-to-end cloud-commerce, payments, and marketing solutions to various companies in the United States, Europe, the Asia Pacific, and South America. Its solution combines a Commerce-as-a-Service commerce technology platform, commerce business infrastructure (CBI), and a suite of services to help businesses to avoid the costs and risks of running an integrated global commerce operation in-house. The company offers various services, including design, development, and hosting of commerce stores; merchandising; order management; fraud prevention screening; processing of popular localized online payment methods; export controls and management; tax compliance and manag...

10380 Bren Road West

Minnetonka, MN 55343

United States

Founded in 1994

1,317 Employees




952 253 8497

Key Executives for Digital River Inc.

Chief Executive Officer and Director
Age: 53
Chief Financial Officer
Chief Operating Officer and Executive Vice President
Age: 56
Senior Vice President, General Counsel and Corporate Secretary
Age: 60
Executive Vice President and General Manager of Commerce
Age: 61
Compensation as of Fiscal Year 2016.

Digital River Inc. Key Developments

Canary Selects Digital River to Power its Global Ecommerce

Digital River Inc. announced that it signed a global ecommerce agreement with Canary. Canary is using Digital River's cloud-based ecommerce solution to power its U.S. webstore and expand internationally with new webstores in France, Germany and the U.K.

Digital River Inc. Announces Executive Changes

Digital River Inc. announced that it has recently hired Rob Hines as its senior vice president, global sales and field marketing. Concurrently, Digital River’s Stewart Sagastume, senior vice president, global account management, and David Woolenberg, senior vice president, global account management, have been given additional responsibilities to drive global client expansion, and client success and satisfaction. At Digital River, Hines will be responsible for generating new enterprise ecommerce sales across the company’s software, games and branded manufacturing verticals. He will also lead the rapid expansion of Digital River’s growing installed base of branded manufacturing clients on a global basis. To his new role, Hines brings more than 20 years of experience in the technology industry, including a number of executive roles marketing and selling SaaS-based business applications, enterprise security and data center solutions. During his career, Hines served as regional vice president at Salesforce.com. He also has held sales leadership and management positions at Symantec, Amdocs and Sun Microsystems. Sagastume and Woolenberg have taken on expanded responsibilities for global account management at Digital River. They will lead the charge in deepening the company’s relationships with existing clients, helping them build and grow profitable online businesses.

Digital River Partners with Nippon Systemware

Digital River Inc. announced that it has signed a strategic alliance agreement with Nippon Systemware. Together, the companies intend to help international branded manufacturers and digital publishers bridge the East and West by expanding their cross-border businesses and providing access to a combined suite of localized ecommerce and e-marketing solutions. The strategic alliance with Nippon will allow shared customers to enter geographies outside of their home markets and establish themselves as local merchants. The partnership will also help them reduce the risks of global ecommerce and ultimately accelerate time to revenue.

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