Digital River finally acquires SWReg

Digital River, Inc. (NASDAQ: DRIV), a global leader in e-commerce outsourcing, today announced it acquired SWReg, a provider of e-commerce services for software authors. Under the terms of the agreement, Digital River acquired certain assets and assumed certain liabilities, vendor contracts and intellectual property of SWReg for $8.8 million in cash. Digital River may make additional earn-out payments of cash based on achieving specific revenue and development goals over the first 12 months following the closing of this acquisition. This acquisition did not impact the company's first quarter 2005 revised financial expectations announced on March 17, 2005.

“This acquisition is a continuation of our strategy to extend our global footprint and expand our client base, software library and online sales network,” said Joel Ronning, CEO of Digital River. “Moving forward, we intend to capitalize on this strong foundation by offering our clients broader access to global online markets and new opportunities to drive online revenues and operational efficiencies.”