Digital River Opens Office in Moscow, Russia
MINNEAPOLIS--(BUSINESS WIRE)-- Digital River, Inc. (DRIV) (NASDAQ: DRIV), the revenue growth experts in global cloud commerce, announced it has recently opened a new office in Moscow, Russia. The new Russian office adds to Digital Rivers already extensive global presence, including 31 offices across North and South America, Asia and Western Europe. Digital River has been helping Russian developers sell and distribute software on a global basis since 1998.
With an on-shore presence and local client support in Moscow, Digital River is in a position to address some of the biggest challenges multi-national companies face when selling online in Russia, including managing the risks associated with legal compliance. To streamline online sales, the company continues to offer a selection of the most popular Russian payment methods.
One of the BRIC countries, a group of nations known as emerging e-commerce markets because of their large online populations and equally large sales potential, Russia has seen 30 percent growth in online business-to-consumer sales during the past year. According to a recent report by Morgan Stanley analysts, Russian e-commerce is expected to triple in volume during the next three years, from $12 billion in 2012 to $36 billion by 2015.
Our move into Russia is a reflection of our ongoing commitment to this high growth e-commerce market, said John Strosahl, executive vice president at Digital River. Managing e-commerce operations in Russia requires a deep understanding of local buying behavior, fulfillment requirements and legal regulations. Our on-the-ground presence serves as the entrée we needed to more effectively open this notable sales region to multi-national companies that otherwise would find operating an e-business in Russia to be cost-prohibitive and risky from a legal compliance perspective.
Digital River recently hosted an educational webinar about the e-commerce opportunity in Russia. Listen to the webinar replay to learn more about this fast-growing e-commerce market.
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 companys 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 the 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 company and product names are trademarks, registrations or copyrights of their respective owners.
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Digital River, Inc.
Kristin McKenzie, +1 952-594-2015
Associate Director, Corporate Communications
Ed Merritt, +1 952-225-3362
VP, Corporate Development, Treasury & Investor Relations
Source: Digital River, Inc.Copyright Business Wire 2013