Digital River Expands E-Commerce Agreement with Logitech
Launches 17 European online stores for personal peripheral manufacturer
MINNEAPOLIS, Nov. 3, 2009 - Digital River, Inc. (NASDAQ: DRIV), a leading provider of global e-commerce solutions, announced it has expanded its e-commerce agreement with Logitech, the well-known manufacturer of innovative personal peripherals. Digital River has launched 17 European online stores for Logitech in addition to the North American e-commerce store that it has managed since 1999. Digital River now handles online consumer sales and ensures physical product fulfillment of Logitech's PC, gaming, Internet, digital music and home-entertainment personal peripherals on both continents.
"Our deep expertise in global e-commerce enables us to provide a single-store architecture that minimizes overhead and can be localized for any geography," said Joel Ronning, CEO of Digital River. "These and other global capabilities offer clear benefits for consumer electronics manufacturers who want an efficient and effective means of selling globally through the online channel."
"We continue to expand our relationship globally with Digital River. This expansion into Europe is a good reflection of those efforts," said Lance Binley, Logitech vice president of e-Commerce. "With this move, we can generate greater operational efficiencies, gain deeper, more consistent insights across all of our key geographies, and more easily maximize our direct-to-consumer efforts."
Digital River is managing Logitech's new European online stores using a comprehensive e-commerce solution. The solution includes localized storefronts and order management, fraud prevention screening and physical product fulfillment.
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 North American and European online sales of Logitech 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. Logitech, the Logitech logo, and other Logitech marks are registered in Switzerland and other countries. All other company and product names are trademarks, registrations or copyrights of their respective owners.
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