Digital River is a private company[4] that provides global e-commerce, payments and marketing services. In 2013, Digital River processed more than $30 billion in online transactions.[citation needed] Digital River is headquartered in Minnetonka, Minnesota.[citation needed]
A security breach in 2010 resulted in nearly 200,000 customers' data being stolen.[15] A lawsuit followed by Digital River.[16]
In October 2017, the websites for Equifax, and for TransUnion's Central American division were reported to have been redirecting visitors to websites that attempted drive-by downloads of malware disguised as Adobe Flash updates.[17][18] The attack had been performed by hijacking third-party analytics JavaScript from FireClick.[19][17] Digital River decommissioned the FireClick platform and released the domain in 2016, so the domain was not owned by Digital River at the time of the attack.[20]
Management historyEdit
Joel Ronning was CEO from the company's founding until stepping down in November 2012.[21] In June 2013, Ronning was ranked as the most overpaid CEO at a public company in Minnesota.[22]
In July 2018, Adam Coyle was named CEO with Mr. Dobson becoming Vice Chairman of the Board. Mr. Coyle had previously been on the board since 2015 and worked as an executive partner with Digital River's private equity owner, Siris Capital.[23]
In January 2020, Christopher Bernander was named CFO.[24]
ReferencesEdit
^ ab"Digital River Names David C. Dobson as Chief Executive Officer". www.businesswire.com (Press release). 28 February 2013. Retrieved 13 October 2017.
^"Digital River Reports Fourth Quarter and Full Year 2013 Financial Results". Digital River. 2014. Retrieved 2014-02-05.
^"2009 Annual Report". Digital River. 2009. Archived from the original on 2013-02-21. Retrieved 2007-12-01.
^"Digital River Announces Completion of Acquisition by Investor Group Led by Siris Capital Group - Digital River". Digitalriver.com. Retrieved 13 October 2017.
^Kurt Peters (2002). . Internet Retailer. Archived from the original on 2012-10-05. Retrieved 2013-02-02.
^. Bloomberg Businessweek. 2012. Archived from the original on June 9, 2013. Retrieved 2013-02-02.
^"Digital River Buys eSellerate". 2006-06-15. Retrieved 13 May 2023.
^The FreeMerchant Team (2008). "Freemerchant.com". Digital River, Inc. Retrieved 2013-02-02.
^. ecommerce-journal. 2009. Archived from the original on August 14, 2022. Retrieved 2009-01-29.
^"Digital River Acquires Journey Education Marketing". businesswire. 2010. Retrieved 15 July 2020.
^Eric Savitz (2010). "Digital River Acquires Fatfoogoo". Barrons. Retrieved 2011-04-24.
^Dean Takahashi (2010). "Digital River buys virtual goods company Fatfoogoo". Retrieved 2010-05-05.
^Snorrason Holdings (2012). "Snorrason Holdings to Acquire CCNow from Digital River". PRWeb. Retrieved 2012-12-31.
^Dan Browning (2010). "Digital River sues over data breach". Star Tribune. Retrieved 2011-04-24.
^Tim Wilson (2010). "Digital River Sues Over Theft Of Data On Nearly 200,000 Customers". Darkreading. Retrieved 2011-04-24.
^ ab"Equifax rival TransUnion also sends site visitors to malicious pages". 12 October 2017. Retrieved 13 October 2017.
^"Equifax website showed you ads full of malware, expert finds". Retrieved 13 October 2017.
^"Malicious Redirects on Equifax, TransUnion Sites Caused by Third-Party Script - SecurityWeek.Com". www.securityweek.com. 13 October 2017. Retrieved 13 October 2017.
^McMillan, Robert (October 13, 2017). "Equifax's Latest Security Foil: A Defunct Web Service". The Wall Street Journal. Retrieved January 4, 2019.
^"Digital River CEO Ronning is out after loss". Star Tribune. Retrieved 13 October 2017.
^"List Leaders: Most overpaid CEOs at Minnesota's public companies". Bizjournals.com. Retrieved 13 July 2018.
^GmbH, finanzen.net. "Digital River Appoints Adam Coyle as Chief Executive Officer - Markets Insider".
^"tech.mn – Digital River Appoints New CFO". tech.mn. 2020-01-28. Retrieved 2020-04-23.
External linksEdit
DigitalRiver.com
October 20, 2023
digital, river, private, company, that, provides, global, commerce, payments, marketing, services, 2013, processed, more, than, billion, online, transactions, citation, needed, headquartered, minnetonka, minnesota, citation, needed, typeprivateindustrye, comme. Digital River is a private company 4 that provides global e commerce payments and marketing services In 2013 Digital River processed more than 30 billion in online transactions citation needed Digital River is headquartered in Minnetonka Minnesota citation needed Digital RiverTypePrivateIndustryE commerceFounded1994 29 years ago 1994 FounderJoel Ronning former CEO HeadquartersMinnetonka Minnesota U S Area servedWorldwideKey peopleAdam Coyle 1 CEO Christopher Bernander CFO citation needed ProductsDigital software deliveryRevenue 370 5 million 2 Number of employees1 239 3 Websitewww wbr digitalriver wbr comDigital River s previous logo Contents 1 Company operations 2 Divestitures 3 Security failings 4 Management history 5 References 6 External linksCompany operations EditDigital River has a history of acquiring other companies in the e commerce including digital software delivery industry 5 Notable acquisitions include Simtel 1999 CCNow 2002 6 SWREG 2005 7 eSellerate 2006 8 Freemerchant com discontinued 15 January 2008 9 THINK Subscription 2008 10 Journey Education Marketing 2010 11 Fatfoogoo 2010 12 13 Divestitures EditCCNow sold to Snorrason Holdings 2012 14 Journey Education Marketing 2013 Security failings EditA security breach in 2010 resulted in nearly 200 000 customers data being stolen 15 A lawsuit followed by Digital River 16 In October 2017 the websites for Equifax and for TransUnion s Central American division were reported to have been redirecting visitors to websites that attempted drive by downloads of malware disguised as Adobe Flash updates 17 18 The attack had been performed by hijacking third party analytics JavaScript from FireClick 19 17 Digital River decommissioned the FireClick platform and released the domain in 2016 so the domain was not owned by Digital River at the time of the attack 20 Management history EditJoel Ronning was CEO from the company s founding until stepping down in November 2012 21 In June 2013 Ronning was ranked as the most overpaid CEO at a public company in Minnesota 22 In February 2013 Dave Dobson was named CEO 1 In July 2018 Adam Coyle was named CEO with Mr Dobson becoming Vice Chairman of the Board Mr Coyle had previously been on the board since 2015 and worked as an executive partner with Digital River s private equity owner Siris Capital 23 In January 2020 Christopher Bernander was named CFO 24 References Edit a b Digital River Names David C Dobson as Chief Executive Officer www businesswire com Press release 28 February 2013 Retrieved 13 October 2017 Digital River Reports Fourth Quarter and Full Year 2013 Financial Results Digital River 2014 Retrieved 2014 02 05 2009 Annual Report Digital River 2009 Archived from the original on 2013 02 21 Retrieved 2007 12 01 Digital River Announces Completion of Acquisition by Investor Group Led by Siris Capital Group Digital River Digitalriver com Retrieved 13 October 2017 Sharon Housley 2004 Digital River s Destructive Acquisition Strategy Security Pro News Retrieved 2011 04 24 Kurt Peters 2002 Digital River Acquires Certain Assets of CCNow com Internet Retailer Archived from the original on 2012 10 05 Retrieved 2013 02 02 SWREG Inc Private Company Information Bloomberg Businessweek 2012 Archived from the original on June 9 2013 Retrieved 2013 02 02 Digital River Buys eSellerate 2006 06 15 Retrieved 13 May 2023 The FreeMerchant Team 2008 Freemerchant com Digital River Inc Retrieved 2013 02 02 Digital River introduces a new feature for online merchants ecommerce journal 2009 Archived from the original on August 14 2022 Retrieved 2009 01 29 Digital River Acquires Journey Education Marketing businesswire 2010 Retrieved 15 July 2020 Eric Savitz 2010 Digital River Acquires Fatfoogoo Barrons Retrieved 2011 04 24 Dean Takahashi 2010 Digital River buys virtual goods company Fatfoogoo Retrieved 2010 05 05 Snorrason Holdings 2012 Snorrason Holdings to Acquire CCNow from Digital River PRWeb Retrieved 2012 12 31 Dan Browning 2010 Digital River sues over data breach Star Tribune Retrieved 2011 04 24 Tim Wilson 2010 Digital River Sues Over Theft Of Data On Nearly 200 000 Customers Darkreading Retrieved 2011 04 24 a b Equifax rival TransUnion also sends site visitors to malicious pages 12 October 2017 Retrieved 13 October 2017 Equifax website showed you ads full of malware expert finds Retrieved 13 October 2017 Malicious Redirects on Equifax TransUnion Sites Caused by Third Party Script SecurityWeek Com www securityweek com 13 October 2017 Retrieved 13 October 2017 McMillan Robert October 13 2017 Equifax s Latest Security Foil A Defunct Web Service The Wall Street Journal Retrieved January 4 2019 Digital River CEO Ronning is out after loss Star Tribune Retrieved 13 October 2017 List Leaders Most overpaid CEOs at Minnesota s public companies Bizjournals com Retrieved 13 July 2018 GmbH finanzen net Digital River Appoints Adam Coyle as Chief Executive Officer Markets Insider tech mn Digital River Appoints New CFO tech mn 2020 01 28 Retrieved 2020 04 23 External links EditDigitalRiver com Retrieved from https en wikipedia org w index php title Digital River amp oldid 1176997345, wikipedia, wiki, book, books, library,
