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Digital River
built 657 days ago
Digital River, Inc., a leading provider of global e-commerce solutions, reports its fourth quarter and full year 2007 financial results. Fourth Quarter and Full Year Ended Dec. 31, 2007 GAAP Results. Fourth quarter revenue totaled $96.9 million, an increase of 17 percent from the same period in 2006 and was in line with management's guidance.
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Through the joint agreement with Lightning Source, Digital River will provide ecommerce services including site design and hosting, transaction management, e-marketing and customer service. Lightning Source has relationships with domestic and international publishers, and recently received commitments from several major publishers to add more than 50,000 titles to its digital library. Some of Digital River's clients include Symantec, Fujitsu, 3M, Siemens, Hewlett-Packard, Novell, Autodesk, Adaptec, Block Financial and Staples.com.
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In early 2000, Digital River launched two new services calculated to facilitate returns for e-commerce purchases and create a managed Web presence for new distribution channels. The E-Returns Management System and E-Reseller Network System resolved possible conflicts around channel management by helping manufacturers uphold sell-side dealer and distributor relationships while increasing direct distribution channels.
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As part of its agreement with Orbit, Digital River intends to maintain the strategic channel partnerships that Orbit has established with Gateway Inc., VeriSign, Inc., Cincinnati Bell and other large enterprises. Orbit enabled these partners to establish e-commerce and content management solutions for their SME customers by delivering its integrated suite of e-commerce applications via Web-enabled templates. Once solutions for the sites were established, the channel partners managed on-going customer relationships.
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Painting the Digital River takes a view of art by comparing digital art and classic art. Author James Faure Walker makes many points as he gives value to both art forms, discarding neither as less legitimate than the other. Himself an artist, Walker knows that many artists are confused as to what it means to be an artist and expert at what they do. He says that artists must know about painting, its past and its present, and possess some knowledge of the digital form.
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Digital River plans to leverage its e-commerce system and Orbit's channel partnership model to support a growing base of SME sites and its E-Business Services Division sales. Prior to the acquisition, Orbit's channel partners generated a base of approximately 3,500 sites. During the next year, Digital River plans to transition these sites to its e-commerce platform, substantially increasing the number of sites it hosts.
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