Empresas y finanzas

Digital River Acquires Netgiro Systems AB



    Enhances global e-commerce platform with expanded global payments offering

    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

    Founded in 1997, Netgiro Systems is a leading payment service
    provider based in Europe. Today, e-merchants from around the world use
    Netgiro's services to offer their regional customers relevant local
    online payment methods and ultimately generate increased sales.
    Netgiro's payment solution, which is built on a high caliber platform
    and back-office services, can support 20 localized online payment
    methods, ranging from credit and debit cards, to direct debit,
    Internet bank payments, local bank transfers and checks. Headquartered
    in Stockholm, Sweden, Netgiro handles payment services in 40
    countries.

    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, consumer technology 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 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;
    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.

    Forward-Looking Statements

    In addition to the historical information contained herein, this
    press release contains forward-looking statements, such as statements
    regarding the Company's, and the combined companies', anticipated
    future performance, including the ability of the combined companies to
    integrate e-commerce and payment offerings; as well as statements
    containing the words, "believes," "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 any future results, performance or
    achievements expressed or implied by such forward-looking statements.
    Such factors include, among others: the Company's variability of
    operating results; competition in the electronic commerce and payment
    processing markets; the issues associated with integration of the two
    companies; the ability of the combined companies to successfully offer
    expanded capabilities and services in the global online and payment
    processing markets and 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. All
    other company and product names are trademarks, registrations or
    copyrights of their respective owners.