For those good people following TSQD and DRIV, NEWS RELEASE!!
Thursday July 30, 1:42 pm Eastern Time
Company Press Release
Digital River Signs Electronic Software Delivery Partnership With Broderbund Direct, a Division of Broderbund Software, Inc.
Leading Titles From Broderbund Direct Catalog Now Available Through Digital River's Online Dealer Network
MINNEAPOLIS--(BUSINESS WIRE)--July 30, 1998-- Digital River, which maintains the world's largest online database of software products with more than 100,000 titles, today announced an online distribution partnership with leading interactive software provider, Broderbund Direct, a division of Broderbund Software, Inc. (NASDAQ: BROD - news). The partnership provides Broderbund Direct with an added channel for the electronic sale and delivery of its software titles through Digital River's expansive online dealer network.
Leading electronic titles from Broderbund Direct, including Quicken(R) Family Lawyer(R), Quicken(R) Estate Planner, Labels Express(TM) and Personal Home Inventory(TM), are now included in Digital River's growing product inventory of digital products. Additionally, these products are now available for electronic download from any of Digital River's more than 250 reseller sites, including Download Warehouse and Cyberian Outpost.
''Our partnership with Digital River adds a significant increase in the number of Web sites where consumers and businesses can purchase our electronically downloadable Broderbund products,'' said Jen-Ling Liu, online group manager for Broderbund Software, Inc. ''We are excited to have Digital River as a partner in the electronic download delivery market.''
Electronic software delivery is growing in popularity among Internet users. Digital River is contributing to this growth by storing hundreds of thousands of digital products on its Central Commerce Server and delivering these products to customers via electronic download.
Digital River president and CEO, Joel Ronning, added, ''Our strong dealer relationships are what makes Digital River an attractive partner for software companies large and small. Working with Broderbund Direct to deliver their products over the Internet is mutually beneficial for both parties -- we have the privilege of offering their high quality products through our dealer channel, and they receive an even broader product distribution.''
About Broderbund
Broderbund Software, Inc. develops, publishes and markets a broad line of interactive software for use in homes, schools and small businesses. Since its founding in 1980, Broderbund has repeatedly broken new ground, conceiving and developing families of software products with enduring customer appeal based on creativity, innovation and ease-of-use. Some of the Company's best-known brands include Family Tree Maker(R), The Print Shop(R), 3D Homer Series, Carmen Sandiego(TM), Living Books(R), Myst(R) and Riven(TM). The Company, headquartered in Novato, California, is committed to providing its customers with engaging products that set quality standards and take advantage of the latest technologies. Broderbund's Web site is located at broderbund.com.
About Digital River
Digital River, Inc., based in Minneapolis, offers the world's largest online database of software products. The company provides more than 1,300 software publishers and online dealers with its proprietary technology for Internet delivery of more than 100,000 software and other digital products. The company has 12 patents pending, covering digital delivery, commerce and encryption systems. Tech Squared Inc. (OTC Bulletin Board: TSQD - news) controls 23 percent and Fujitsu Limited of Japan owns 16 percent of Digital River's common stock. For more information visit the Digital River Web site at digitalriver.com.
Quicken is a registered trademark and service mark of Intuit, Inc., registered in the United States and other countries, and used by Broderbund Direct under license. All trademarks or service marks designated as such are marks or registered marks of their respective owners.
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Contact:
Karen Blondell
Technology Solutions
212-696-2000 x267
kblondell@tsipr.com
or
Mike Grandchamp
Digital River
612-253-8892
mgrandch@digitalriver.com
or
Rudy Porchivina
Broderbund Software
415-893-8184
rudy@papr.com
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