Digital River Expands Global Operations and E-Commerce Capabilities in Europe Establishes Wholly-Owned Subsidiaries and Opens Branch Offices in Ireland and Luxembourg
Monday, 03 April 2006
Digital River, Inc., a provider of e-commerce outsourcing, announced that it expanded its international operations and e-commerce capabilities in Europe. As part of its expansion efforts, the company established two wholly-owned subsidiaries - Digital River Ireland, Ltd. and Digital River International S.a.r.l. Located in new offices, Digital River Ireland is headquartered in Shannon, Ireland, and Digital River International in Luxembourg, Luxembourg. Digital River also has international offices in Cologne, Germany; London, England; Taipei, Taiwan; and Tokyo, Japan.
"The launch of our European subsidiaries represents an important part of our long-term strategy to extend our global footprint," said Joel Ronning, Digital River's CEO. "We intend to leverage our new resources to not only provide expanded support for our growing base of international clients, but also accelerate our growth in European markets. Long-term, we expect that our sales outside of the United States will increase from nearly 40 to more than 60 percent of our business."
Digital River's Shannon and Luxembourg offices will manage Digital River's non-U.S. e-commerce activity and support a combination of client and corporate functions, including sales, client services, human resources, finance, customer service, fraud prevention and IT. In addition, Digital River is increasing its data center capabilities in Dublin, Ireland, to further support its non-U.S. e-commerce transactions. With local resources on the ground in these locations, Digital River intends to provide an expanded operations and e-commerce infrastructure for its European clients and their customers.
To establish its new subsidiaries and open its new offices, the company is working closely with local European agencies. These agencies include the Government of the Grand Duchy of Luxembourg as well as Shannon Development from Shannon, Ireland.
"The Government of the Grand Duchy of Luxembourg and Shannon Development have been very supportive and have provided a favorable business climate for us to grow our international operations," said Tim McCauley, Digital River's senior vice president of global operations.