Digital River Acquires Netgiro Systems ABEnhances global e-commerce platform with expanded global payments offering MINNEAPOLIS, September 5, 2007 — Digital River, Inc. (NASDAQ: DRIV), a leading provider of global e-commerce solutions, today announced that it acquired Netgiro Systems AB. Sweden-based Netgiro is one of the leading payment service providers in Europe. “Netgiro is currently an important partner for Digital River’s global payments capabilities. By formalizing this relationship and combining Netgiro’s international payment platform with our existing world-class e-commerce infrastructure, we intend to accelerate our market-leading, global online transaction processing and payment capability,” said Joel Ronning, Digital River’s CEO. “Moving forward, we plan to take full advantage of the natural affinities between our product lines.” Built to support the complex and real-time demands of online commerce, Netgiro’s platform can support 20 online payment methods, ranging from credit and debit card processing, to direct debit, Internet bank payments, local bank transfers and checks. Netgiro’s platform supports payment services in 40 countries and is used by an industry-leading client base. The Netgiro business will continue to operate out of its current location in Stockholm, Sweden. Netgiro will continue to deliver its technology as a stand-alone payment solution as well as an integrated part of Digital River’s e-commerce offering. “By joining forces with Digital River, we intend to further strengthen and accelerate our multi-region payment offering,” said Johan Hard, Netgiro’s CEO. “We believe that Netgiro’s and Digital River’s combined payment platforms will create a formidable solution when it comes to managing payments for online businesses. We look forward to delivering our clients even more growth opportunities through extended geographic reach and choice.” Under the terms of the agreement, Digital River acquired Netgiro and its operating subsidiaries as part of a cash transaction for approximately $27 million. In addition, the agreement also provides Netgiro shareholders with an earn-out opportunity based on Digital River and Netgiro achieving certain performance targets. Digital River expects the acquisition to be neutral to earnings in the near term. Other terms of the transaction were not disclosed. About Netgiro Systems About Digital River, Inc. 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; 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. ### |
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