Digital River to manage European online sales for Freecom’s digital storage devices
MINNEAPOLIS – Sept. 29, 2010 – Digital River, Inc. (NASDAQ: DRIV), a leading provider of global e-commerce solutions, today announced that it has signed an agreement to manage European online sales for Freecom, a Mitsubishi Kagaku Media company and award-winning manufacturer of external hard drives and portable storage devices. As part of the agreement, Digital River will be managing global e-commerce operations, e-marketing, payments and the physical fulfillment of products across Europe.
“We are excited to work with Freecom to help them expand their online presence and build upon a leading and well established European brand,” said John Strosahl, Digital River’s senior vice president of global revenue. “We can help them develop a multi-channel approach that balances direct and indirect channels while creating added value for their customers at the local country level.”
Freecom, founded in 1989 and today a Mitsubishi Kagaku Media company, designs, manufactures and markets innovative desktop and mobile storage solutions, network attached storage devices, flash drives, DVD burners and professional tape drives. Freecom serves both PC and Mac users. Established in Germany, Freecom is headquartered in the Netherlands, with offices in Austria, Belgium, France, Germany, Hong Kong, Italy, Japan, Spain, Sweden, Switzerland, Taiwan and United Kingdom. For more information, visit the website at www.freecom.com and select the country of your location.
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 website, call +1 952-253-1234, or follow the company on Twitter.
Forward-Looking StatementIn 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 Digital River, or industry results, to differ materially from those expressed or implied by such forward-looking statements. Such factors include, among others: Digital River’s operating history and variability of operating results; competition in the electronic commerce market; the ability of Digital River to support global online sales and distribution of Freecom’s digital storage devices; the market’s acceptance of such offerings; and other risk factors referenced in Digital River’s public filings with the Securities and Exchange Commission.
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