Digital River Expands E-Commerce Agreement with Western Digital
Launches new online store for United States, Europe and Canada
MINNEAPOLIS, Aug. 11, 2009 — Digital River, Inc. (NASDAQ: DRIV), a leading provider of global e-commerce solutions, announced that it expanded its e-commerce agreement with Western Digital (WD), a data storage industry leader. Digital River recently launched a new online store to help WD expand its online market reach beyond the United States into Canada and Europe. For this expanded site, Digital River is handling online orders, ensuring product fulfillment and managing regulatory fees related to the recycling of electronics products in Europe. Digital River has been managing WD’s U.S. online consumer sales since 2005.
"More and more consumer electronics manufacturers are rethinking their approach to online markets. They are looking for new ways to balance retail and direct-to-consumer channels to drive global growth and profitability," said Joel Ronning, Digital River’s CEO. "Drawing from years of real-world testing and experience, we have a thorough understanding of the multi-channel model and consumer expectations. We’ve tailored our global e-commerce solutions to help consumer electronics manufacturers speed time-to-market and do it with less risk, and more cost effectively and efficiently than they could on their own."
WD’s new e-commerce site, which is located at http://store.westerndigital.com/ includes an online store and specialty outlet. WD’s new online store features high performance WD® internal and external hard drives and home entertainment products, as well as accessories, such as carrying cases, cables and power supplies. In the new outlet store, shoppers can buy quality discontinued and recertified WD products at attractive prices. The entire site automatically displays and collects fees for recycling WD products in Europe, an important feature that helps WD comply with complicated laws and regulations in the region.
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.
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 Western Digital’s 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. WD is a registered trademark of Western Digital Technologies, Inc. in the U.S. and other countries. All other company and product names are trademarks, registrations or copyrights of their respective owners.