Digital River Enters into Agreement to Divest World Payments Business
NEW YORK — July 17, 2017 – Digital River, Inc., a leading global provider of Commerce-as-a-Service solutions and a portfolio company of Siris Capital Group, LLC, has entered into an agreement to divest Digital River World Payments (DRWP), its online payment solutions division, to Worldline (Euronext: WLN). Worldline [Euronext: WLN] is an Atos company and the European leader in the payments and transactional services industry.
Financial terms of the transaction were not disclosed. The transaction is expected to close by the end of the third quarter of 2017, and is subject to regulatory approval and other customary closing conditions.
About Digital River World Payments
Backed by nearly 20 years of experience, Digital River World Payments (DRWP) is a leading provider of global online payment solutions. Powered by a robust ecommerce payments platform, its solutions support payment activities across more than 170 countries and 140 payment methods – covering global card schemes along with locally relevant brands and payment networks. DRWP delivers significant value across the full transaction lifecycle while empowering merchants with a single streamlined user interface. Irrespective of their markets, payment methods, or acquiring bank connections, merchants benefit from consolidated reporting, analytics, and reconciliation as well as complete back-office integration. To learn more about DRWP, visit http://www.drwp.io/.
About Digital River, Inc.
Backed by 20 years of ecommerce experience, Digital River is recognized as a leading global provider of Commerce-as-a-Service solutions. Companies of all sizes rely on Digital River’s cloud-based commerce, payments and marketing services to manage and grow their online businesses. Through these services, Digital River connects B2B and B2C digital products companies and branded manufacturers with buyers across multiple devices and channels, and nearly every country in the world.
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, read the Digital River Blog, follow the company on Twitter or call +1 952-253-1234.