DIGITAL RIVER INC.

Digital River Inc. was a privately held e-commerce firm that provided global e-commerce, payments and marketing services. Founded in 1994, the company offered API-based order management, e-commerce, and cross-border payment processing solutions. Digital River is winding down its operations, including closing its Minnesota headquarters and laying off employees. The company had partnerships with companies like Adobe, American Express, and DHL, however, the company is winding down its operations due to financial difficulties that include loss of key customers and rising operational costs. The company's German subsidiaries have initiated insolvency proceedings and provisional liquidators have been appointed to oversee the closure of Digital River Technology Limited, the company’s Irish arm.