Digital River Launches B2B E-Commerce Operations for Lominger International
Delivers global sales, distribution and promotions support
MINNEAPOLIS, July 28, 2009 - Digital River, Inc. (NASDAQ:DRIV), a leading provider of global e-commerce solutions, announced that it has launched a new global B2B e-commerce site to merchandise and sell leadership development products for publisher Lominger International, a Korn/ Ferry International company. In addition to running the new online store for Lominger, Digital River also is assisting in developing strategic promotional campaigns and optimizing site performance.
"Digital River has the e-commerce tools and technologies to help companies more effectively and efficiently sell directly to their small business and enterprise customers on a global basis," said Joel Ronning, Digital River's CEO. "We can help companies tailor private portals and pricing strategies and handle complex margins, cross-border deliveries and international payments. These and other global e-commerce capabilities as well as our ability to offer end-to-end e-commerce services, are positioning the company for significant growth in the B2B market."
The new Lominger site at http://store.lominger.com offers a variety of widely-used, global payment methods, including all major credit cards, and European debit and credit cards as well as wire transfers and ACH payments. Digital River's e-commerce solution ensures that the store can handle complex global tax requirements and export regulations, comply with domestic and international denied parties screening, and monitor for fraud.
"One of our main goals in launching this new B2B online store is international expansion, including strengthening our global commercial business and entering new geographies. Digital River specializes in this area with its global e-commerce solution and support services," said Stuart Kaplan, global COO of Korn/Ferry's Leadership and Talent Consulting practice. "By working with Digital River, we intend to make the most of our opportunities in each of our target markets."
About Lominger International
Lominger International is a leading provider of competency-based leadership development resources for individuals, teams and organizations. Lominger's range of products and services, known as the Leadership Architect® Suite, are research-based, experience-tested, and internationally recognized tools that can be customized and used for applications, including job profiling, selection and training, performance management, individual development, team development, and succession planning. Lominger is part of the Korn/Ferry International family of companies, a premier global provider of talent management solutions. For more information, visit www.lominger.com.
About Digital River, Inc.
Digital River, Inc., a leading provider of global e-commerce solutions, builds and manages online businesses for software and game publishers, consumer electronics 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 management, 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 across the U.S., Asia, Europe and South America. For more details about Digital River, visit the corporate Web site at www.digitalriver.com or call +1 952-253-1234.
Forward-looking Statement
In addition to the historical information contained herein, this press release contains forward-looking statements, such as statements containing the words, "will," "plans," "intends," "expects," and similar words. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to differ materially from those expressed or implied by such forward-looking statements. Such factors include, among others: the Company's operating history and variability of operating results; competition in the electronic commerce market; the ability of the Company to support the global online sales of Lominger products; the market's acceptance of such offerings; and other risk factors referenced in the Company's public filings with the Securities and Exchange Commission.
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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