Digital River is a private company that provides global ecommerce, payments and marketing services. In 2013, Digital River processed more than $30 billion in online transactions. Digital River is headquartered in Minnetonka, Minnesota.
Digital River has a history of acquiring other companies in the e-commerce (including digital software delivery) industry.
Notable acquisitions include:
A security breach in 2010 resulted in nearly 200,000 customers' data being stolen. A lawsuit followed by Digital River.
Joel Ronning was CEO from the company's founding until stepping down in November 2012. In June 2013, Ronning was ranked as the most overpaid CEO at a public company in Minnesota despite having been CEO only until November of the previous year. In February 2013, Dave Dobson was named CEO.