Since 1994 Digital River has been providing unique solutions in the realms of marketing, payment processing, and e-commerce activities. The firm was founded by Joel Ronning and is based out of the Minnesota community of Minnetonka. A big part of the business model employed by Digital River is the concept of accountability in today’s modern world of commerce. The firm’s leadership team has a firm grasp of the constantly evolving commerce environment and strives to be an ideal partner for the organizations that it partners with. Throughout the course of its history, Digital River has built a strong reputation for helping to empower e-commerce solutions for today’s firms. The history of Digital River has included the issuance of more than sixty patents as well as an annual transaction volume that exceeds $3 billion. The firm also has an outstanding reputation for employee retention with many employees that have been with the organization for more than two-and-a-half decades.
One of the major points of activity utilized by the Digital River team to grow the business model has been the acquisition of other valuable operations in the digital software, and e-commerce spheres. Some of the major acquisitions that have been undertaken by Digital River over the years include eSellerate, Fatfoogoo, CCNow, Journey Education Marketing, and Simtel, among others. Taking on these valuable assets has allowed the Digital River team to continue to build on its successful business model and to make a major difference within its industry.
A big part of the success enjoyed by Digital River is the expert leadership provided by the executive team. This team is headed up by Chief Executive Officer Adam Coyle. Adam is joined on his outstanding team by individuals such as Chief Information Officer Ryan Douglas, Chief Product Officer James Gagliardi Chief Technology Officer Oleg Ryaboy, and Chief Financial Officer Matthew Reck. The team also includes an outstanding core of Senior Vice Presidents such as Jason Hofmann, Mike Penterman, and, Jason Nyhus. The years of industry experience and the deep base of knowledge possessed by this outstanding team have helped to elevate Digital River to new heights consistently.
CEO Adam Coyle is a huge part of the success at Digital River. His experience in the industry of financial tech extends back more than twenty-five years. During that time he has worked in many different executive leadership positions. Before coming on board with Digital River, Adam was a member of the team at Siris Capital. He has achieved tremendous success in growing the business at Digital River since taking on the CEO role in 2018.
The three major solution areas that Digital River works in are the commerce realm, management of order, and risk and payment. Within the scope of these areas, Digital River helps its partners to take their operations to a global level as well as providing invaluable e-commerce services. The order management services are also among the most important aspects of the business model at Digital River.
