Had gravitated over to read the thread this am, when confronted with the 86th time that I wished I had sold driv. I figured that the spike up was over the popularity of driv with the octogenarian set, but found this news which also factors in. I will add that every time I get ready to dump this thing and do even a little dd to justify the sell on changed circumstances I come away more determined to be holding when driv finally gets its due...
Digital River To Build B2B E-Commerce System for Fujitsu General; Company To Develop Secure Extranet Site for 200 Fujitsu Resellers To Replace Manual Ordering Process
MINNEAPOLIS--(BUSINESS WIRE)--April 11, 2000--Digital River (Nasdaq: DRIV), the world's largest Commerce Service Provider (CSP), today announced an e-commerce agreement with Fujitsu General America, Inc. (FGAI) to build a secure extranet site for its channel partners. The sell-side e-commerce system will automate product orders and reduce the costs and inefficiencies involved in traditional order processing methods. Digital River will develop, host and manage the site, featuring strong front-end authentication and a log-in-based ordering system with tiered pricing and volume purchase order capabilities. The site will be launched later this quarter.
"By enabling channel partners to purchase directly on the Web, the new site can greatly reduce the time and cost involved in traditional ordering processes," said Frank Harvey, Vice President of E-Business Services for Digital River. "By integrating with Fujitsu's back-end systems, we're streamlining the entire supply chain from inventory to customer. As a result, Fujitsu's channel partners can easily order, manage, and restock their merchandise through a customized ordering system."
The new site will feature over 50 Fujitsu products including its innovative Plasmavision SlimScreen(TM) plasma display monitors. Digital River will provide site development, commerce hosting, transaction management, direct integration with back-end systems, and email order processing. In total, Digital River will manage online product sales for nearly 200 Fujitsu channel partners.
"We're seeing a huge demand for our new Plasmavision(TM) displays and it's important that we make it as easy as possible for our channel partners to keep product on their shelves," said Tedd Rozylowicz, Senior Vice President of Sales and Marketing for Fujitsu General America, Inc. "Not only are we streamlining the ordering process for our resellers, we're also going to have better tracking and reporting statistics as a result of logging all orders through a centralized extranet. This will allow us to better forecast and understand the needs of our channel."
As one of the most experienced Commerce Service Providers (CSP) in the industry, Digital River builds, hosts and manages 6,000 clients' e-commerce and Internet marketing systems. Based on best-of-breed technology from top industry partners, Digital River's e-commerce systems enable both B2B and B2C clients to rapidly and effectively grow their businesses online--increasing sales and profitability, developing valuable one-to-one customer relationships, integrating with important back- end e-business systems, and automating traditional business processes.
About Fujitsu General Limited
Headquartered in Kawasaki, Japan and founded in 1936 Fujitsu General Limited has a long history of innovation in consumer electronics. Fujitsu General is the worldwide leader in the development of plasma display monitors. Beginning with the introduction of the first color plasma monitor in 1993, the Plasmavision 21, Fujitsu General has been the front runner in commercialization of plasma display technology. In addition to plasma monitors, Fujitsu General also produces for the overseas market LCD computer and video projectors, satellite receiver systems, close-caption transceivers, HDTV receivers, televisions with internal satellite receivers, monitors, and one of the world's smallest color video cameras. For more information from Fujitsu General America about the Plasmavision line, please call Fujitsu General America 888-888-3424 or visit at www.fujitsugeneral.com
About Digital River
Digital River is the world's largest Commerce Service Provider (CSP). The Company provides more than 6,000 companies with B2B and B2C e-commerce services including site development, commerce hosting, order and transaction management, product fulfillment, returns management, analytical marketing and customer service. The company develops end-to-end e-commerce solutions for manufacturers, distributors, online retailers and software publishers including Fujitsu, 3M, Autodesk, Coors, Hasbro, Staples.com Adaptec, MicronPC, CompUSA, Wal-Mart, Sega, ScanSoft, Fox Interactive and Egghead.com.
Plasmavision SlimScreen and Plasmavision are worldwide trademarks of Fujitsu General Limited and are trademarks in Japan, U.S.A. and other countries or areas.
Digital River is a registered trademark of Digital River, Inc.
CONTACT:
Digital River, Minneapolis
Michelle Gjerde, 612/253-8465
michelle@digitalriver.com
or
Fujitsu General America Inc
Tedd Rozylowicz, 888/888-3424 ext. 314
trozy@fujitsugeneral.com
KEYWORD: MINNESOTA INTERNATIONAL ASIA PACIFIC
BW1025 APR 11,2000
3:16 PACIFIC
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