Q4 performance also reflects strong growth as new clients sign on to Digital River’s ecosystem of global expertise
MINNEAPOLIS, March 08, 2022–(BUSINESS WIRE)–Digital River, an experienced global commerce enabler for established and fast-growing brands, announced today a strong finish for Q4 2021. The company reported an increase of 142% year over year (YoY) in deals closing in Q4 2021 over Q4 2020. For the year, Digital River signed 62.5% more clients YoY in 2021 than in 2020. Digital River is positioned for continued growth in 2022 with a newly expanded cross-border offering that allows clients to ship from 249 markets worldwide using their existing supply chain or Digital River’s newly expanded logistics network.
Following a strategic pivot in late 2019 from its full-stack offering to an agile, API-based provider of Global Seller Services, Digital River has built an ecosystem of strategic commerce partners so brands can quickly scale their global presence and increase revenue with a single integration. With its Merchant of Record business model, Digital River takes on the critical and complex work of payments, taxes, ever-changing compliance, fraud mitigation and logistics. With Digital River’s ever-expanding ecosystem, brands can sell worldwide, whether its B2C or B2B, physical or digital products, local or cross-border.
"Brands need to have a digital strategy in order to grow in 2022," said Digital River CEO Adam Coyle. "For most companies, it’s just not time or cost-efficient to build the expertise in-house to take on the complexities of global selling. Our experience, technology and partnerships provide brands with the foundation they need to expand their global footprint and grow their revenue."
Digital River is also proud to be an elite partner with BigCommerce. Among Digital River’s new clients on the platform is 512 Audio, a Warm Audio brand. 512 Audio launched ecommerce stores to take advantage of Digital River’s Global Seller Services.
Additional new Q4 clients for Digital River include
Trespass – One of the UK’s most successful outdoor clothing and sporting goods retailers is using Digital River’s Global Seller Services to handle the increasing complexity of global ecommerce.
TSPlus – This fast-growing provider of remote access and application delivery software for IT professionals is using Digital River’s MyCommerce solution to expand globally.
NEXT-SYSTEM – This is an exciting company providing a high-precision AI pose estimation engine used in sports biometrics, medical care, manufacturing and crime prevention/security. NEXT-SYSTEM is using Digital River to help expand its business by optimizing payment options and streamlining checkout for shoppers.
Commitment to clients
Part of Digital River’s mission is to help existing clients continue to grow. In Q4 2021, Digital River launched 10 new businesses, offered seven new payment methods, facilitated two customer migrations, and helped four clients expand regionally. Of note, Digital River’s client Trend Micro undertook an expansion in the Middle East, with new stores in:
United Arab Emirates
Saudi Arabia
South Africa
Solution Center
Digital River seeks to empower clients with information and solutions at every turn. Available now on digitalriver.com is the Solution Center, where clients can quickly submit requests, chat with customer operations agents, find system status, access reporting, knowledge articles, product documentation, release notes and other resources. The newly deployed portal enhances Digital River’s customer operations offering, giving clients timely assistance, solutions, and service 24/7/365.
Commitment to Employees
Digital River is committed to the well-being of its employees. The company was honored in 2021 with two awards that acknowledge our continuing efforts to create and support a positive work culture. Those awards are:
Top Workplaces National Culture Excellence award for Work Life Flexibility. This award is based on employee feedback from an anonymous, third-party engagement survey.
2021 Regional Top Workplace as designated by the Star Tribune. The award recognizes the most progressive companies in Minnesota based on employee opinions measuring engagement, organizational health and satisfaction.
About Digital River
With more than 25 years’ experience, Digital River has mastered global commerce. An industry disrupter from the start, our Global Seller Services simplify global commerce expansion, enabling companies of all sizes to grow their revenue in 249 markets worldwide. Using our flexible APIs that combine payments, tax, fraud, compliance and logistics into a single integrated solution, brands increase conversions, turning browsers into buyers across the world or around the corner. The chosen partner of thousands of brands across the Americas, Europe and Asia, Digital River is global commerce simplified.
Digital River is headquartered in Minneapolis with offices across the U.S., Asia, Europe and South America. For more details, visit DigitalRiver.com.
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20220301005128/en/
Kim Insley
Strategic Marketing Manager
Digital River
+1 763.442.0795
Amazon announced a 20-for-1 stock split and up to $10 billion share buyback.
European stocks rallied on Wednesday, buoyed by an interview from Ukraine's president in which he appeared to make major concessions.
(Bloomberg) — Amazon.com Inc. is planning to split its stock for the first time in more than two decades in a move that will end an era of four-digit stock prices for the biggest U.S. technology companies.Most Read from BloombergUkraine Open to Russia's Neutrality Demand But Won’t Yield Territory, Aide SaysChina Warns U.S. Over Forming Pacific NATO, Backing TaiwanOwners Fear Planes ‘Are Gone Forever’ After Russia Shields Them From SeizureChina Pushes Conspiracy Theory About U.S. Labs in Ukraine
Jeremy Allaire, co-founder and CEO of Circle, speaks with Yahoo Finance's Jen Schonberger about the significance of President Biden's executive order on cryptocurrency.
Russian troops could freeze in tanks as temperatures expected to dip to -20C
In the wake of that announcement, the biotech company's stock price shot more than 10% higher for the session. This happy investor is Josh Brown, a high-profile financial writer, blogger, and CNBC commentator, who revealed that he'd bought Moderna stock at what he termed a "ludicrous" price of $125 per share. In an interview that aired on CNBC, Brown asserted that Moderna has far more value than its recent share prices would indicate.
(Bloomberg) — The bet that Fidelity Investments made on retail investors who swarmed the stock market during the pandemic is paying off for Abigail Johnson and her family.Most Read from BloombergChina Warns U.S. Over Forming Pacific NATO, Backing TaiwanUkraine Open to Russia's Neutrality Demand But Won’t Yield Territory, Aide SaysOwners Fear Planes ‘Are Gone Forever’ After Russia Shields Them From SeizureChina Pushes Conspiracy Theory About U.S. Labs in UkraineUkraine Update: Firms Exit Russia,
(Bloomberg) — Shares of Nio Inc. began trading in Hong Kong on Thursday after the Chinese electric-car maker chose a listing path that doesn’t involve selling new shares or raising funds. Most Read from BloombergUkraine Open to Russia's Neutrality Demand But Won’t Yield Territory, Aide SaysChina Warns U.S. Over Forming Pacific NATO, Backing TaiwanOwners Fear Planes ‘Are Gone Forever’ After Russia Shields Them From SeizureChina Pushes Conspiracy Theory About U.S. Labs in UkraineUkraine Update: T
Oil stock investors were having a terrific run in late February and early March — with eight straight trading days of consistently higher stock prices for shares of oil giants ExxonMobil (NYSE: XOM) and Chevron Corporation (NYSE: CVX) — but their run came to a screeching halt on Wednesday. As of 2:30 p.m. ET, shares of Chevron are down 3.5% and Exxon stock is off 6.2%. As CNN just reported, the government of the UAE — a member of the Organization of the Petroleum Exporting Countries (OPEC) — says it will encourage OPEC to ramp up oil production in order to offset supply constraints created when the U.S. and allied nations announced a boycott of Russian oil earlier this week.
BENGALURU (Reuters) -Global oil prices fell on Wednesday by the most in nearly two years after OPEC member the United Arab Emirates said it supported pumping more oil into a market roiled by supply disruptions due to sanctions on Russia after it invaded Ukraine. Brent crude futures settled down $16.84, or 13.2%, at $111.14 a barrel, their biggest one-day decline since April 21, 2020. U.S. crude futures ended down $15.44, or 12.5%, at $108.70, their biggest daily decline since November.
Crowdstrike shares pop after the company beat Q4 earnings expectations.
Analysts lowered the GDP forecasts for the U.S. and Europe, and increased inflation expectations on Tuesday.
(Bloomberg) — Russia’s decision to block foreign owners from seizing hundreds of planes worth about $10 billion is roiling a market where aircraft leases are bundled into bonds and sold to investors.Most Read from BloombergChina Warns U.S. Over Forming Pacific NATO, Backing TaiwanBiden to Sign Crypto Order as Firms Face Sanctions PressureU.S. and U.K. Poised for Ban on Imports of Russian Oil TodayUkraine Update: Russia’s Gas Threat; Cease-Fire Talks StruggleCovid Can Shrink the Brain as Much as
Shares of Shopify (NYSE: SHOP), the e-commerce platform, have been on a tear today as investors poured back into the stock following a decline yesterday. The company's share price has gained an impressive 13% today, but are investors right to be snatching up shares of this high-growth tech stock? While today's share price jump is likely a rebounding effect after the company's share price tumbled yesterday, investors who've been paying attention to Shopify know that this company is still experiencing impressive growth.
Palantir (PLTR) is a divisive name on Wall Street. The bull-case rests on the big data specialist’s ability to expand its offerings beyond large government/enterprise contracts which have historically generated the bulk of the company’s revenue. The bear case is driven by an argument its high-end offerings are generally unsuitable for smaller companies who are already well served and that ultimately with government contracts slowing down, the company won’t be able to meet its growth objectives.
Amazon’s stock is splitting—not in half, but in 20 bite-sized pieces to attract the attention of retail investors and Wall Street’s index makers. It’s the first time the stock has split in more than 20 years during which the company’s share price has risen 50-fold. If approved by Amazon shareholders, the 20-to-1 stock split will drastically reduce the tech giant’s notoriously expensive share price.
Remember the movie ‘The Perfect Storm’? Three weather fronts collided off the coast of New England, and George Clooney’s poor fishing boat never stood a chance. Hopefully, today’s economies will do better against the headwinds that are rapidly spinning into a perfect political-economic storm. The storm got started as 2022 opened up. The bull run we had last year came to sudden halt, markets started turning down, and by the end of January the NASDAQ was in correction territory with the S&P not fa
Russia and Belarus are edging close to default given the massive sanctions imposed against their economies by the United States and its allies over the war in Ukraine, the World Bank's chief economist, Carmen Reinhart, told Reuters. The specter of Russia defaulting on $40 billion of external bonds – its first major such default since the years following the 1917 Bolshevik revolution – has loomed large over markets since a raft of sanctions and countermeasures by Moscow have largely cut the country out of global financial markets. "Both Russia and Belarus are in square default territory," Reinhart said in an interview.
Crowdstrike Holdings (NASDAQ: CRWD) rose sharply after a report that investors took favorably, but Asana (NYSE: ASAN) moved the other way on fears of a slowdown. Shares of Crowdstrike Holdings had a great day on Wednesday. Crowdstrike's numbers were impressive.
(Bloomberg) — Crude futures sank as the United Arab Emirates called on OPEC+ to boost oil output faster while Ukrainian President Volodymyr Zelenskiy reiterated willingness to consider some compromises to end the war with Russia. Most Read from BloombergChina Warns U.S. Over Forming Pacific NATO, Backing TaiwanUkraine Open to Russia's Neutrality Demand But Won’t Yield Territory, Aide SaysOwners Fear Planes ‘Are Gone Forever’ After Russia Shields Them From SeizureChina Pushes Conspiracy Theory A


Leave a Reply

Your email address will not be published.