Digital River, Inc. (NASDAQ: DRIV),
the revenue growth experts in global cloud commerce, announced that it
has sold its subsidiary CCNow, Inc. to Snorrason Holdings, a
privately-held e-commerce service provider. CCNow is an online retailer
and provider of online checkout services primarily for small to
Snorrason purchased CCNow in an all cash transaction. Other financial
terms related to the agreement were not disclosed and are not material
to Digital River’s results of operations.
Digital River will continue to provide global e-commerce and e-marketing
services for small to mid-sized businesses through its MyCommerce™
solution. With short click-through contracts, customizable set-up
options, and key commerce capabilities, MyCommerce caters to
merchants interested in a do-it-yourself commerce option that can have
them selling online in a matter of hours rather than days.
About Snorrason Holdings
Snorrason Holdings ehf. is a privately held holding company with primary
interests in online payment processing, including brands such as DalPay
and MountPay. It maintains operating companies in Europe. Snorrason
Holdings was founded in 2003 by the Snorrason family of Dalvik in
Iceland and remains headquartered in that town.
About Digital River, Inc.
Digital River, Inc., the revenue growth experts in global cloud
commerce, builds and manages online businesses for software and game
publishers, consumer electronics manufacturers, distributors, online
retailers and affiliates. Its multi-channel 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 a global commerce operation. The company’s
comprehensive platform offers site development and hosting, order
management, global payments, cloud-based billing, 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 its corporate
website, follow the company on Twitter
or call +1 952-253-1234.
Digital River is a registered trademark of Digital River, Inc. All
other trademarks and registered trademarks are trademarks of their