Digital River Announces CommerceBridge, a Fully Integrated Web Commerce Management Service
CommerceBridge Integrates Back-End Web-Commerce
MINNEAPOLIS--(BUSINESS WIRE)--May 10, 1999-- Management for Businesses to Cut Costs and Increase Efficiency
Digital River (Nasdaq: DRIV - news) today announced the introduction of CommerceBridge(SM), a Web-enabled commerce management service for all types of businesses. CommerceBridge acts as the ''hub'' that electronically manages inbound customer orders, and seamlessly processes them across multiple departments, platforms, fulfillment houses, financial institutions and carriers. CommerceBridge provides an integrated front- to back-end solution for sales, marketing and fulfillment of products over the Internet.
Digital River's CommerceBridge is an integrated platform of 10 key business functions including: Web store hosting, transaction processing, security, data center management, fraud prevention, order tracking, online reporting, marketing and merchandising support, customer and distribution fulfillment management, and customer service support. Digital River's commerce server can accept product orders in EDI, ASCII, or CGI formats, making the transaction process much more seamless and less expensive for manufacturers, online merchants, carriers and fulfillment firms.
Utilizing Digital River's infrastructure for Web store hosting, order and transaction processing and data center management, CommerceBridge provides a flexible, integrated means for organizations to communicate with their customers and Web commerce partners to fulfill orders for all types of products directly through carriers and fulfillment firms. CommerceBridge is designed to improve fulfillment processes, increase profits and enhance customers' buying experience. CommerceBridge is capable of processing large numbers of transactions across any single- or multi-platform system. Digital River has processed more than 655,000 customer orders through its network of over 5,000 clients.
''CommerceBridge is a natural progression for Digital River,'' said Joel Ronning, CEO of Digital River. ''We are leveraging our experience and leadership in managing e-commerce sites for more than 5,000 clients. Our goal with CommerceBridge is to help facilitate the true promise of digital commerce by brokering high volumes of information online for the participants in the order cycle process. CommerceBridge is designed to cut costs and save time, reducing the amount of human intervention required to process an order. We believe this initiative will further solidify our leadership position as a leading provider of digital commerce services.''
Digital River has invested over $10 million in its technology infrastructure for providing CommerceBridge's clients with comprehensive e-commerce outsourcing services. CommerceBridge provides companies with the ability to outsource their entire Web commerce process, rather than investing heavily in their own internal e-commerce systems.
''With the expansion of digital commerce into the mainstream marketplace, it is becoming more challenging for companies to manage their entire back-end commerce processes without having to purchase or modify a major enterprise resource system,'' added Ronning. ''CommerceBridge will allow our customers to cut costs and increase efficiencies.''
About Digital River(a)
Digital River, Inc. (Nasdaq: DRIV - news), based in Minneapolis, is a leading outsource provider of Web-enabled, digital commerce solutions for more than 5,000 clients with its proprietary technology for Internet delivery of more than 100,000 digital products. For more information on Digital River and CommerceBridge, visit the Digital River Web site at digitalriver.com.
(a) Except for the historical information contained herein, this press release contains forward-looking statements, including statements containing the words, ''believes,'' ''anticipates,'' ''expects'' and similar words. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others: the Company's limited operating history and variability of operating results; market acceptance of electronic software delivery; the Company's ability to maintain relationships with software publishers and online retailers; competition in the electronic commerce market; and other risk factors referenced in the Company's public filings with the Securities and Exchange Commission.
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Contact:
Jodi Baumann
Digital River
612-253-8396
jbaumann@digitalriver.com
or
Karen Blondell
Mindstorm Communications
212-320-2128
kblondell@tsipr.com |
