Feeds

Digital River buys Element 5

Takes out European rival

  • alert
  • submit to reddit

Secure remote control for conventional and virtual desktops

Digital River is taking out European rival Element 5 in the nicest possible way. It is buying the privately-held German firm for $120m and may shell out another $2.5m for performance over two years. Funding for the deal is underpinned by a $45m secured credit line with Harris Trust and Savings Bank.

Element 5 was Digital River's biggest competitor by far. They both supply the ecommerce and digital download backbone for software publishers. So when you download antivirus or tax preparation software, say, chances are, Digital River or Element 5 is doing the online donkey work in the background. Element 5 claims 10,000 customers in more than 150 countries and derives 60 per cent of its revenues from outside the US. Digital River gets 70 per cent of its turnover from the US.

The Minnesota, US firm yesterday posted Q1 revenues of $31.9m, around 30 per cent higher than same time last year. ®

Related stories

Software download site pitches across Europe
CNET intros listing fees for Download.com

Choosing a cloud hosting partner with confidence

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Big Content outs piracy hotbeds: São Paulo, Beijing ... TORONTO?
MPAA calls Canadians a bunch of bootlegging movie thieves
Google Glassholes are UNDATEABLE – HP exec
You need an emotional connection, says touchy-feely MD... We can do that
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
Just don't blame Bono! Apple iTunes music sales PLUMMET
Cupertino revenue hit by cheapo downloads, says report
Hungary's internet tax cannot be allowed to set a precedent, says EC
More protests planned against giga-tariff for Tuesday evening
US court SHUTS DOWN 'scammers posing as Microsoft, Facebook support staff'
Netizens allegedly duped into paying for bogus tech advice
Verizon bankrolls tech news site, bans tech's biggest stories
No agenda here. Just don't ever mention Net neutrality or spying, ok?
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
New hybrid storage solutions
Tackling data challenges through emerging hybrid storage solutions that enable optimum database performance whilst managing costs and increasingly large data stores.
Business security measures using SSL
Examines the major types of threats to information security that businesses face today and the techniques for mitigating those threats.