Digital River Launches Global E-Commerce Operations for PTC®
MINNEAPOLIS— May 16, 2007 - Digital River, Inc. (NASDAQ: DRIV), a leading provider of global e-commerce solutions, today announced that it is providing global e-commerce services for PTC, the Product Development Company®. Digital River is managing the online sale and delivery of several PTC product lines, including its Mathcad® engineering calculation software and PTC University training software products. PTC’s online stores can be found at http://store.ptc.com.
“Our end-to-end e-commerce services continue to attract companies seeking to efficiently and effectively capitalize on the power of the online sales channel,” said Don Peterson, Digital River’s senior vice president of global client development. “By leveraging our e-commerce best practices, we can not only reduce the risks and complexities of running an online business for companies like PTC, but also help it achieve its overall business goals through the contributions of a successful global e-commerce operation.”
Digital River is powering the PTC-branded online software stores, which display in English, German and French languages and local currencies. For the sites, Digital River also is processing order transactions using multiple preferred payment methods, including credit cards, wire transfers and checks as well as delivering physical products using its automated Physical-on-Demand (POD) service. The company is providing fraud screening and online store support as well.
Today, PTC’s online store features its Mathcad software, which performs and documents technical calculations and applied mathematics. The store also features PTC University training subscriptions for PTC’s complete product line, including Pro/ENGINEER®, PTC’s software for CAD/CAM/CAE product design.
“We selected Digital River because of the company’s e-commerce expertise,” said Ed Jennings, vice president desktop marketing, PTC. “As a software publisher, it is important that we partner with a provider that is able to remove the operational, logistical and technical complexities of selling online. By taking advantage of the e-commerce operations that Digital River provides, we can focus on our core competency of developing leading software while Digital River concentrates on helping us build and grow a profitable online business.”
About Digital River, Inc.
Digital River, Inc., a leading provider of global e-commerce solutions, builds and manages online businesses for more than 40,000 software publishers, manufacturers, distributors and online retailers. 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; Taipei, Taiwan; and Tokyo, Japan. 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. PTC, The Product Development Company, Mathcad and PTC University are trademarks, registered trademarks and/or copyrights of PTC. All other company and product names are trademarks, registrations or copyrights of their respective owners.
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