Digital River - e-commerce Infrastruktur - 500 Beiträge pro Seite

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About Digital River

Anticipating the power of the emerging Internet, Joel Ronning launched Digital River in 1994 with a vision to use the Internet instead of the mail to deliver software. He knew Internet-based software delivery would be more efficient, more cost effective and more environmentally friendly. His intuition was right. Today, Digital River not only manages half of the digital downloads for the software market, but the company’s business has grown significantly – successfully expanding across global geographies and into complementary markets, including high tech manufacturing and consumer electronics. In 2009, Digital River expects to handle well over $3 billion in online transactions and ship digital and physical goods for tens of thousands of software and game publishers, consumer electronics manufacturers, distributors, retailers and affiliates worldwide.

When Digital River started in 1994, the company set out on a mission to become a leading provider of global e-commerce services. Today, Digital River is living its mission. The company is currently headquartered in Minneapolis, Minnesota, with offices and more than 1200 employees located across the United States, Europe, the Asia Pacific region and South America.
Delivering online stores that sell

At Digital River, we have a saying – “complexity is our friend.” With more than a decade of experience in providing e-commerce services to tens of thousands of companies, we have become experts in handling the complexities – that is all the behind-the-scene details – involved in running global online businesses. Each day, we focus our efforts on helping our clients aggressively pursue online shoppers, market their products and win sales. At the same time, we take the risk out of opening and managing online stores that cater to customers, cultures and tax laws worldwide. Our ability to deliver an end-to-end global e-commerce solution continues to earn us recognition as a market leader.
Providing world-class e-commerce services

Digital River’s solution combines the power of our world-class e-commerce platform with the most effective business processes and services to grow our clients’ business – all in an outsourced solution. This is delivered via our unique offering:

* A feature-rich technology platform that offers end-to-end e-commerce functionality needed to support the full range of business models, shopper types and international locales.
* A triple-redundant, world-class infrastructure with 99.9+ percent uptime.
* Proven e-marketing services provided by a dedicated experienced staff of professionals.
* A wide-range of international capabilities, including coverage of complex costly VAT registration.
* An indirect global online sales channel that includes industry-leading retailers and affiliate networks.
* Access to our exclusive and substantial network of online buyers for product promotions and incremental sales.
* A complete range of services needed to conduct business online, including catalog, pricing and order management, multi-lingual customer service, fraud prevention, physical and digital product fulfillment and advanced reporting.

Through our outsourced business model, our clients are free from the financial and time consuming burden of operating and maintaining their own e-commerce sites, so they can focus on their core competencies. Digital River counts among its clients industry leading companies such as Adobe, Autodesk, AVG, Canon Europa, Electronic Arts, H&R Block, Logitech, Microsoft, Nuance Communications, SanDisk, Smith Micro and THQ.

Digital River offers stability, financial security and a low-risk partnership – a partnership that operates based on one common goal – to grow your online business.
Historical Highlights

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 revenue.
1999 Digital River’s e-commerce model advances and evolves to meet market demand. The company establishes the E-Business Services Division to meet the e-commerce needs of hard goods manufacturers. Gross revenue reaches $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.
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.
2003 Digital River achieves its first full fiscal year of profitability according to Generally Accepted Accounting Principles (GAAP).
2004 Digital River completes three strategic acquisitions. The company acquires element5 to significantly expand its European footprint as well as Fireclick and BlueHornet Networks to further strengthen its strategic marketing toolset.
2005 Digital River's annual net revenue surpasses $200 million. The company continues to expand. Digital River opens new offices in Taipei, Taiwan, and Tokyo, Japan. Reaching out into markets closely aligned with the software publishing space, Digital River acquires Commerce 5 and extends its presence in the high tech manufacturing and consumer electronics markets.
2006 Digital River further strengthens its market-leadership position in Europe, establishing Digital River Ireland, Ltd. in Shannon, Ireland, and Digital River International S.a.r.l. in Luxembourg, Luxembourg.
2007 Digital River invests in the growth of their online payment services by acquiring Netgiro Systems based in Stockholm, Sweden.
2008 Digital River completes the strategic acquisition of THINK Subscription to enhance its core subscription services and extends its global reach by opening an office in São Paulo, Brazil.
2009 Digital River celebrates 15 years of being in business.


Annual Revenues
2008 - $394.2 million
2007 - $349.3 million
2006 - $307.6 million
2005 - $220.4 million
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


Working Around the Clock and Around the World
Digital River is headquartered in Minneapolis, Minnesota, with offices and more than 1200 employees located in major U.S. cities as well as Europe, Asia and South America. You can find our international offices in Cologne, Germany; London, England; Shannon, Ireland; Luxembourg, Luxembourg; Stockholm, Sweden; Taipei, Taiwan; Tokyo, Japan; Shanghai, China; and São Paulo, Brazil.


Clients
From small businesses to global enterprises, Digital River works with software and game publishers, consumer electronics manufacturers, distributors, retailers and affiliates of all sizes. Tens of thousands of companies - representing software, games, high tech manufacturing, consumer electronics and other specialty markets - rely on Digital River as their e-commerce partner, including Adobe, Autodesk, Canon Europa, Philips, Seagate, Electronic Arts, H&R Block, Kodak, Logitech, Microsoft, Nuance Communications, SanDisk, Smith Micro, Trend Micro, Western Digital and Wizards of the Coast, a subsidiary of Hasbro.

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Friday, March 12, 2010, 4:31pm CST
Digital River stock jumps on analyst report
Minneapolis / St. Paul Business Journal - by Katharine Grayson Staff Writer

Digital River Inc., which lost its biggest customer when anti-virus software maker Symantec Corp. bailed on it last fall, may be poised to pick up business from Symantec’s biggest competitor, McAfee Inc.

[Read the Symantec-Digital River story]

News of the potential deal, reported in an analyst note released Friday, pushed the Eden Prairie-based e-commerce company’s stock up 6 percent on Friday.

In a report to investors, JMP Securities Analyst Sameet Sinha said his firm spotted McAfee Web sites that are “powered by Digital River.” However, he was unable to “verify this with management.”

“We believe that these are preliminary test for now and formal contract has been reached,” Sinha wrote.

Sinha increased his target share price for Digital River to $34, up from $31. If Digital River (Nasdaq: DRIV) lands the McAfee deal, the new business could increase Digital River’s earnings before interest, taxes, depreciation and amortization by about 15 percent in 2011 compared to 2010. That number could vary, depending on the extent of the deal.

“... We believe this information removes two major overhangs for the stock – it highlights the value proposition of the platform as an old customer potentially comes back and exhibits that the software category is not fully penetrated as once thought,” Sinha wrote.

Santa Clara, Calif.-based McAfee had been a Digital River customer in the past. The company announced a deal with the McAfee in December of 1997.

Digital River’s stock closed at $31.14 per share on Friday, up $1.83.

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DAS war der Absturz im Oktober:

Monday, October 12, 2009
Digital River's stock falls after losing large customer
Minneapolis / St. Paul Business Journal - by John Vomhof Staff Writer

Digital River Inc. shares plunged Monday after the e-commerce services provider announced it will lose its largest customer.

Cupertino, Calif.-based Symantec Corp. (NASDAQ: SYMC) notified Digital River on Oct. 9 that it will not extend its e-commerce agreement. That deal, under which Digital River provides a variety of e-commerce-related services to Symantec, expires on June 30, 2010.

Eden Prairie-based Digital River’s stock had fallen $13.60 per share, or nearly 34 percent, to $26.82 per share by mid-afternoon on Monday.

Symantec plans to move all of the online traffic currently outsourced to Digital River to an internally developed Symantec e-commerce system before its deal with Digital River expires. Symantec has not yet informed Digital River of the timing of its migration plans or the nature of the support it will require from Digital River during the transition period.

“We are surprised and deeply disappointed that Symantec has chosen to move to an internally developed system, but we remain very confident in the future of our business,” Digital River CEO Joel Ronning said in a statement. “While Symantec is still our largest customer, the proportion of Symantec revenues relative to our other customers has declined significantly over the past few years as our non-Symantec business has grown at an increasing rate.”

In 2008, sales of products for Symantec accounted for 24.3 percent of Digital River revenue and sales derived from proprietary Digital River services sold to Symantec consumers accounted for 9.4 percent of Digital River revenue. During Digital River’s most recently reported quarter, which ended June 30, sales of Symantec products accounted for 22.5 percent of revenue and related services revenues accounted for 7.5 percent of revenue.

Ronning said Digital River remains well-positioned for growth as more businesses move to online sales and distribution.

“Our company is financially strong, our new business pipeline remains healthy, and sales activity in the software, consumer electronics and business-to-business sectors continues to grow,” he said.

Meanwhile, Digital River (Nasdaq: DRIV) also announced that it expects financial results for the third quarter ending Sept. 30 will be “at or slightly above” the top end of the guidance it provided on July 29. At that time, the company forecast third quarter earnings of 26 to 29 cents per share on revenue of between $96.5 million and $98.5 million Digital River said it expects sequential revenue from its non-Symantec business to have grown at approximately 8 percent during the third quarter, compared to approximately 2 percent sequential growth during the second quarter of 2009.

Digital River will report its full third quarter results after market close on Nov. 3.

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Q1 ist raus; sehr starker Gewinnrückgang

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05.05.2010 17:47
Digital River Acquires fatfoogoo

Creates industry-leading in-store and in-game commerce solution for game publishers

Digital River, Inc. (NASDAQ: DRIV), a leading provider of global e-commerce solutions, announced that it has acquired fatfoogoo, a Europe-based, in-game and online commerce service provider. The combined forces of Digital River's e-commerce solutions with fatfoogoo's technology will offer game publishers and developers an unparalleled, single e-commerce connection to manage their online product sales both in-store and in-game.

"The sale of virtual goods through micro transactions continues to grow in popularity with consumers and is establishing new revenue models for the games industry," said Joel Ronning, CEO of Digital River. "With the addition of fatfoogoo, we've strengthened our commitment to the gaming marketplace. We believe the combination of our in-game and in-store commerce solution along with our subscription management capabilities will be unmatched in the industry. This partnership continues our promise to provide existing and future clients with the leading e-commerce technology and expertise they expect from Digital River."

The e-commerce solutions from Digital River and fatfoogoo are easily integrated to offer game publishers all the scalability and reliability of a proven in-store platform along with turn-key technology designed to operate a successful in-game marketplace. In addition to providing in-game store functions, such as global payments and inventory management, the solution supports the use of virtual goods and currencies, electronic wallets, peer-to-peer marketplaces and auction capabilities.

Digital River's fatfoogoo business unit will continue to operate out of its current location in Vienna, Austria. fatfoogoo will deliver its technology as an integrated part of Digital River's e-commerce offering for games as well as a stand-alone solution.

"We are excited to join Digital River's family of companies. This acquisition provides fatfoogoo with the backing of a proven e-commerce leader and enhances our leadership in the European market," said Martin Herdina, fatfoogoo's CEO. "Together we're positioned to lead the future of in-game commerce with a solution that will uniquely stand out in a competitive marketplace."

Under the terms of the agreement, Digital River acquired fatfoogoo as part of a cash transaction for approximately $10 million. The agreement also provides fatfoogoo shareholders with an earn-out opportunity based on the fatfoogoo business unit achieving certain performance targets. Other terms of the transaction were not disclosed.

About fatfoogoo

fatfoogoo is the leading in-game commerce ecosystem for monetizing online games and virtual worlds. fatfoogoo's solutions allow both publisher-to-player and player-to-player financial interaction, as well as virtual currency management and traditional user and subscription management. Publishers can choose white label turnkey solutions or individually configured modules.

Founded in 2006, fatfoogoo is headquartered in Austria and also has offices in the U.S. and U.K. For more information, please visit www.fatfoogoo.com.

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14.07.2010 18:45
Digital River Signs New E-Commerce Agreement with Realtime Worlds


Launches global online and in-game commerce site for leading game publisher

Digital River, Inc. (NASDAQ: DRIV), a leading provider of global e-commerce solutions, signed a new e-commerce agreement with Realtime Worlds, Inc., a leading independent video game developer. In addition to launching and hosting a localized online store at http://www.store.apb.com/, Digital River is working with Realtime Worlds to monetize its software across international borders through initial online sales, pay-for-play services and micro-transactions.

For the online store, Digital River is handling U.S., Canadian and European e-sales of Realtime Worlds' new, highly-anticipated persistent online action game, APB (All Points Bulletin). Digital River also is managing sales of Realtime Worlds' virtual currency (RTW Points) on APB.com. RTW Points are used for APB's player-to-player marketplace and purchasing additional gametime packages.

"We turned to Digital River to help us get our site up and running to meet the demands of a fast approaching launch date for our new game, APB," said David Chapman, vice president of finance with Realtime Worlds. "The combination of Digital River's proven global e-commerce solutions and their experience working with leading game developers and publishers were key factors in our decision process. Digital River's solution provides our customers with a smooth and secure transaction experience, which we believe is essential to our game's long-term success."

"The games industry is in the midst of a rapid shift as more and more players buy their games digitally or pay-to-play through both monthly subscriptions and micro-transactions," said Jeff Hemenway, Digital River's group vice president of games. "Our extensive experience and technology leadership in the software market gives us a tremendous foundation to help game developers and publishers grow their revenue. We are committed to continuing to invest in our enterprise solution so we can provide our game clients with a global best-in-class solution that fits their changing needs and revenue goals."

Digital River's e-commerce solution offers game publishers all the scalability and reliability of a proven in-store platform along with turn-key technologies designed to operate a successful in-game marketplace. Together Digital River and its recently acquired in-game commerce provider, fatfoogoo, provide a wide range of in-game store functions. These functions include global payments, fraud prevention services, inventory management, peer-to-peer marketplaces, auction capabilities as well as the use of virtual goods, currencies and electronic wallets.

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Digital River, Inc. (NASDAQ: DRIV), a leading provider of global e-commerce solutions, reports its third quarter financial results.

Third Quarter Ended Sept. 30, 2010
GAAP Results
Third quarter revenue totaled $85.0 million, compared to $99.4 million during the same period in 2009. These results exceeded management's third quarter revenue guidance of $77.6 million.

Third quarter GAAP net income was $5.9 million, or $0.15 per diluted share. This compared to GAAP net income of $11.0 million, or $0.29 per diluted share, in the third quarter of 2009. These results exceeded management's third quarter guidance of a net loss of $0.02 per share.

Non-GAAP Results
Third quarter non-GAAP net income was $7.7 million, or $0.20 per diluted share. This compared to non-GAAP net income of $15.9 million, or $0.42 per diluted share, in the third quarter of 2009. These results exceeded management's third quarter earnings guidance of $0.13 per diluted share.

Non-GAAP net income is computed by starting with GAAP pre-tax income as reported on the company's statement of operations, then adding back amortization of acquisition-related intangibles, stock-based compensation expense, unrealized investment gain or loss, and one-time restructuring costs, to calculate non-GAAP pre-tax income. This amount is then taxed at 27 percent to arrive at non-GAAP net income. This amount is then divided by fully-diluted GAAP shares outstanding, which includes shares underlying the company's convertible senior notes, to derive non-GAAP diluted net income per share. To provide further clarity, a detailed reconciliation on the comparability of the GAAP and non-GAAP data has been provided in table form following the financial statements accompanying this release.

"Our third quarter revenue and earnings results exceeded our expectations," said Joel Ronning, Digital River's CEO. "Since the loss of a major client last October, we have made tremendous progress delivering on our commitment to replace lost revenue and drive growth. We have won major new business in software, consumer electronics and games, adding industry-leading clients to our portfolio. We are in the process of launching more stores for more clients than at any other time in the history of the company and remain very optimistic about Digital River's future prospects."

2010 Guidance
Digital River's forward-looking guidance for the quarter and full year ending Dec. 31, 2010, is as follows:

Fourth Quarter

* Revenue of approximately $95 - $98 million;
* GAAP diluted net income per share of $0.15 - $0.18, assuming a 28 percent tax rate; and
* Non-GAAP diluted net income per share of $0.28 - $0.31, assuming a 27 percent tax rate.

Full Year

* Revenue of approximately $360.5 - $363.5 million;
* GAAP diluted net income per share of $0.43 - $0.45; and
* Non-GAAP diluted net income per share of $0.87 - $0.90, assuming a 27 percent tax rate.

Digital River will hold a conference call today at 4:45 p.m. EDT to discuss third quarter financial results. A live webcast of Digital River's earnings conference call can be accessed at http://www.digitalriver.com/investorrelations/. Alternatively, a live broadcast of the call may be heard by using conference ID # 16935571 and dialing [phone] inside the United States or Canada, or by calling [phone] from international locations. A webcast replay of the call will be archived on Digital River's corporate website on Wednesday, Oct. 27, 2010.

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Digital River, Inc. (NASDAQ: DRIV), a leading provider of global e-commerce solutions, reports its fourth quarter and full year financial results.

Fourth Quarter and Full Year Ended Dec. 31, 2010

GAAP Results

Fourth quarter revenue totaled $97.7 million, compared to $104.9 million during the same period in 2009. These results were at the top end of management''s fourth quarter revenue guidance of $95 - $98 million. For the full year 2010, Digital River reported revenue of $363.2 million, compared to $403.8 million reported in 2009.

Fourth quarter GAAP net income was $5.4 million, or $0.14 per diluted share, and compared to GAAP net income of $13.6 million, or $0.36 per diluted share, in the fourth quarter of 2009. This year''s results were in line with management''s fourth quarter earnings guidance of $0.12 - $0.15 per diluted share, adjusted for the issuance of the convertible debt. For the full year 2010, GAAP net income was $15.7 million, or $0.41 per diluted share, and compared to GAAP net income of $49.8 million, or $1.32 per diluted share, during the same period in 2009.

Non-GAAP Results

Fourth quarter non-GAAP net income was $11.7 million, or $0.29 per diluted share. This compared to non-GAAP net income of $15.3 million, or $0.40 per diluted share, in the fourth quarter of 2009. The company''s results exceeded management''s fourth quarter earnings guidance of $0.25 - $0.28 per diluted share, adjusted for the issuance of the convertible debt. For the full year 2010, non-GAAP net income was $33.9 million, or $0.88 per diluted share. This compared to non-GAAP net income of $67.8 million, or $1.80 per diluted share in 2009.

Non-GAAP net income is computed by starting with GAAP pre-tax income as reported on the company''s statement of operations, then adding back amortization of acquisition-related intangibles, stock-based compensation expense, unrealized investment gain or loss, and restructuring costs. This amount is then taxed at 27 percent to arrive at non-GAAP net income. Non-GAAP net income per diluted share is then calculated by adjusting non-GAAP net income, adding back debt interest expense and issuance cost amortization, net of tax benefit. This amount is then divided by fully-diluted shares outstanding to derive non-GAAP diluted net income per share. To provide further clarity, a detailed reconciliation on the comparability of the GAAP and non-GAAP data has been provided in table form following the financial statements accompanying this release.

"Our fourth quarter revenue was strong and non-GAAP earnings exceeded expectations. Overall, 2010 was one of the best years of operational execution in the history of the company," said Joel Ronning, Digital River''s CEO. "We entered last year with an objective to replace 30 percent of our revenue after the loss of a major client and align our expenses with our growth profile. We not only accomplished that but also exited 2010 a much more diversified business. In 2011, we see more opportunity for sustainable growth across more markets than ever before and are extremely optimistic about our future."

2011 Guidance

Management''s forward-looking financial expectations for first quarter and full year 2011 are as follows:

For the first quarter ending March 31, 2011, Digital River expects approximately:

Revenue of $98 million dollars;
GAAP diluted net income per share of $0.16, using GAAP weighted average diluted shares outstanding of 38.4 million;
Non-GAAP diluted net income per share of $0.29, using non-GAAP weighted average diluted shares outstanding of 45.4 million; and
GAAP and non-GAAP tax rates of 21 percent.
For the full year ending December 31, 2011, Digital River expects approximately:

Revenue of $404 million dollars;
GAAP diluted net income per share to grow 36 percent to $0.56 per share from $0.41 per share in 2010, using GAAP weighted average diluted shares outstanding of 38.6 million shares in 2011;
Non-GAAP diluted net income per share to grow 19 percent from a revised $0.95 to $1.13 per share, using non-GAAP weighted average diluted shares outstanding of 45.6 million shares for 2011;
Capital expenditures of $30 million;
Annual stock-based compensation expense of $23 million;
Interest income of $3.9 million;
Interest expense and debt issuance amortization costs of $9 million; and
GAAP and non-GAAP tax rates of 21 percent.
Note, as part of this release, Digital River has provided a non-GAAP financial table that revises historical non-GAAP measures, using the company''s new 21 percent tax rate for comparability purposes.

Digital River will hold a conference call today at 4:45 p.m. EST to discuss fourth quarter and full year financial results. A live webcast of Digital River''s earnings conference call can be accessed on the Investor Relations section of its corporate website. Alternatively, a live broadcast of the call may be heard by using conference ID #35996781 and dialing [phone] inside the United States or Canada, or by calling [phone] from international locations. A webcast replay of the call will be archived on Digital River''s corporate website.

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Aktie ist billiger geworden...

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Antwort auf Beitrag Nr.: 44.237.713 von R-BgO am 11.03.13 15:20:03

das haben andere auch gemerkt...

Digital River Announces Agreement to be Acquired by Investor Group Led by Siris Capital Group for $26.00 per Share in Cash

Transaction Provides Significant Value for Shareholders and Strong Partner to Support Digital River’s Future Growth


MINNEAPOLIS – Oct. 23, 2014 –
Digital River, Inc. (NASDAQ: DRIV), a leading global provider of Commerce-as-a-Service solutions, today announced that it has entered into a definitive merger agreement to be acquired by an investor group led by Siris Capital Group, LLC (collectively “Siris”) in a transaction valued at approximately $840 million.

Under the terms of the agreement, Siris will acquire all of the outstanding common shares of Digital River for $26.00 per share in cash, representing a premium of approximately 50 percent over the closing price on October 23, 2014, and 67 percent over Digital River’s volume weighted average share price during the 90 days ended October 23, 2014. The agreement was approved by Digital River’s Board of Directors, which recommended that Digital River’s stockholders adopt the agreement with Siris.

Under the terms of the agreement, Digital River may solicit alternative acquisition proposals from third parties during a 45-day “go-shop” period, following the date of execution of the merger agreement. There is no guarantee that this process will result in a superior proposal. A special meeting of Digital River’s stockholders will be held as soon as practicable following the filing of a definitive proxy statement with the U.S. Securities and Exchange Commission and subsequent mailing to stockholders.

“We are pleased to have reached this agreement with Siris, which provides significant value to our shareholders and represents a clear endorsement of our transformation strategy, our industry leading ecommerce and payments solutions, our 1,300 global experts and our deep commitment to clients,” said David Dobson, Digital River’s CEO. “We believe that this transaction will provide Digital River with the flexibility to innovate and execute our vision of setting the standard for global ecommerce technology and services. Siris has extensive industry expertise, and working with Siris, Digital River will continue to create even more compelling ways to deliver ecommerce excellence and customer growth.”

“With 20 years of global ecommerce expertise, Digital River has a leading market position and significant global growth potential in the Commerce-as-a-Service market,” said Dan Moloney, Siris Capital Executive Partner. “We are excited to work with the talented employees to build on the Company’s success as a global leader in ecommerce, payments and marketing services. We look forward to supporting Digital River as it continues to serve its world-class client base while exploring new opportunities to drive innovation and global growth.”

Siris has secured committed financing consisting of a combination of equity and debt. The equity financing will be provided by an investor group led by Siris and the debt financing will be provided by Macquarie Capital and Sankaty Advisors.

The transaction is subject to customary closing conditions, including the receipt of shareholder approval and the expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act, but is not subject to any financing condition. Upon completion of the acquisition, Digital River will become wholly owned by an affiliate of Siris. The transaction is currently expected to close in the first quarter of 2015.

Morgan Stanley & Co. LLC is acting as financial advisor and Skadden, Arps, Slate, Meagher & Flom LLP is acting as legal advisor to Digital River in connection with the transaction. Macquarie Capital (USA) Inc., Union Square Advisors LLC, and Evercore Partners Inc. are acting as financial advisors and Simpson Thacher & Bartlett LLP is acting as legal advisor to Siris in connection with the transaction.

For further information regarding the terms and conditions contained in the definitive merger agreement, please see Digital River’s Current Report on Form 8-K, which will be filed in connection with this transaction.
Digital River plans to release its third quarter earnings after market close on Wednesday, October 29, 2014, and does not intend to hold a conference call to discuss earnings given today’s announcement.

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Stücke wurden heute ausgebucht;

over-and-out