Digital River Signs E-Commerce Agreement with Eye-Fi
MINNEAPOLIS, Dec. 4, 2008 - Digital River, Inc. (NASDAQ: DRIV), a leading provider of global e-commerce solutions, announced that it signed an e-commerce agreement with Eye-Fi Inc., makers of the world's first wireless memory card for digital cameras. Based on the agreement, Digital River will manage North American online sales for Eye-Fi's wireless memory cards and subscriptions to its digital services. For Eye-Fi, Digital River recently designed and launched an online store, located at http://store.eye.fi.
"We are pleased to be working with Eye-Fi as the company takes its products directly to its consumers," said Joel Ronning, Digital River's CEO. "With Digital River's proven track record of success, companies like Eye-Fi have come to rely on us to provide them with an e-commerce solution that increases their speed-to-market, reduces their upfront costs and allows them to grow their online businesses."
Digital River is helping streamline Eye-Fi's online operations with an end-to-end e-commerce solution. The Digital River® solution includes subscription management capabilities and fraud prevention services.
"As we aim to help users easily share and manage their photos, Digital River is enabling our users to get the cards and services they want most," said Jef Holove, CEO for Eye-Fi. "We chose Digital River as our e-commerce provider because of its ability to process our service-based upgrades, such as automatic geotagging or roaming on select hotspot networks, in addition to enabling product sales."
About Eye-Fi
Founded in 2005, Eye-Fi is dedicated to building products and services that help consumers navigate, nurture and share their visual memories. Eye-Fi's patent-pending technology works with Wi-Fi networks to automatically send photos from a digital camera to online, in-home and retail destinations. Headquartered in Mountain View, Calif., the company's investors include LMS Capital, TransLink Capital, Opus Capital and Shasta Ventures. More information is available at www.eye.fi.
About Digital River
Digital River, Inc., a leading provider of global e-commerce solutions, builds and manages online businesses for software publishers, consumer technology manufacturers, distributors, online retailers and affiliates. 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. cities as well as Cologne, Germany; London, England; Shannon, Ireland; Luxembourg, Luxembourg; Stockholm, Sweden; Taipei, Taiwan; Tokyo, Japan; and Shanghai, China. For more details about Digital River, visit the corporate Web site at www.digitalriver.com or call 952-253-1234.
Digital River is a registered trademark of Digital River, Inc. All other company and product names are trademarks, registrations or copyrights of their respective owners.
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