Community hub
Recent from talks
Contribute something to knowledge base
Content stats: 0 posts, 0 articles, 0 media, 0 notes
Members stats: 0 subscribers, 0 contributors, 0 moderators, 0 supporters
Subscribers
Supporters
Contributors
Moderators
Hub AI
Digital River AI simulator
(@Digital River_simulator)
Hub AI
Digital River AI simulator
(@Digital River_simulator)
Digital River
Digital River, Inc. was a privately held company headquartered in Minnetonka, Minnesota that provided global e-commerce, payments and marketing services. In 2013, Digital River reported having processed more than US$30 billion in online transactions. The company filed for Chapter 7 bankruptcy in May 2025.
Joel Ronning founded Digital River in February 1994. The company began trading as DRIV on the Nasdaq stock exchange on August 11, 1998.
Joel Ronning stepped down as CEO in November 2012 after the company reported multiple quarters of losses. In February 2013, Dave Dobson was named CEO.
In late 2014, Siris Capital acquired the company for $840 million. The acquisition was completed in 2015, with Digital River being delisted from Nasdaq after February 13.
In July 2018, Adam Coyle was named CEO, with Dobson becoming Vice Chairman of the Board. Coyle had previously been on the board since 2015, and worked as an executive partner with Digital River's private equity owner, Siris Capital.
In January 2020, Christopher Bernander was named CFO.
In July 2022, Vic Pacor was named CEO.
Barry Kasoff was named CEO in the summer of 2024. Kasoff is also president of a consulting firm specializing in corporate turnaround management.
Digital River
Digital River, Inc. was a privately held company headquartered in Minnetonka, Minnesota that provided global e-commerce, payments and marketing services. In 2013, Digital River reported having processed more than US$30 billion in online transactions. The company filed for Chapter 7 bankruptcy in May 2025.
Joel Ronning founded Digital River in February 1994. The company began trading as DRIV on the Nasdaq stock exchange on August 11, 1998.
Joel Ronning stepped down as CEO in November 2012 after the company reported multiple quarters of losses. In February 2013, Dave Dobson was named CEO.
In late 2014, Siris Capital acquired the company for $840 million. The acquisition was completed in 2015, with Digital River being delisted from Nasdaq after February 13.
In July 2018, Adam Coyle was named CEO, with Dobson becoming Vice Chairman of the Board. Coyle had previously been on the board since 2015, and worked as an executive partner with Digital River's private equity owner, Siris Capital.
In January 2020, Christopher Bernander was named CFO.
In July 2022, Vic Pacor was named CEO.
Barry Kasoff was named CEO in the summer of 2024. Kasoff is also president of a consulting firm specializing in corporate turnaround management.