New Partnerships in Q1 Accelerate Digital River’s Reach into the Ecommerce Ecosystem
Strategic planning puts Digital River on solid footing heading into Q2 as businesses worldwide face unprecedented challenges
Digital River, the most experienced global ecommerce enabler for established and fast-growing brands, saw strong success in Q1 of 2020 as the company continues to grow its partner ecosystem and implement its modular strategy. That includes Digital River’s newest partnership with Magento, an Adobe company and leading provider of commerce innovations for merchants and brands across industries. Digital River’s extension to the Magento platform allows brands to build a customizable solution to expand into new global markets using Digital River’s world-class global payments and risk protection services.
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.@DigitalRiverInc marks a successful Q1 expanding its partner ecosystems to give brands best-of-breed solutions for 2020 and beyond.
Additionally in Q1, Digital River secured $50 million in incremental funding, led by Siris Capital Group, LLC, to advance Digital River’s modular strategy and support acquisition opportunities that will enhance Digital River’s position as a leader in global payments and back-office solutions for ecommerce brands.
Reliability through unprecedented times
The end of Q1 2020 brought companies worldwide unprecedented challenges, with a particularly fast-moving and dangerous global pandemic. Digital River has addressed that challenge head on, putting it on solid footing heading into Q2. Prior to the outbreak of COVID-19, Digital River already had a crisis management team in place as well as a detailed business continuity plan that included contingencies for a global pandemic.
As a company used to working remotely worldwide, Digital River employees were well-positioned as shelter at home orders were issued in various countries and states. Over the past year Digital River updated employee laptops, strengthened VPN capacity, and moved operations entirely to the public cloud, which enables employees to work remotely and securely with ease worldwide. These steps allowed Digital River to continue serving its customers without interruption.
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