Digital River, Inc. DRIV, the revenue growth experts in global cloud
commerce, announced that it has sold its subsidiary CCNow, Inc. to Snorrason
Holdings, a privately-held e-commerce service provider. CCNow is an online
retailer and provider of online checkout services primarily for small to
mid-sized businesses.
Snorrason purchased CCNow in an all cash transaction. Other financial terms
related to the agreement were not disclosed and are not material to Digital
River's results of operations.
Digital River will continue to provide global e-commerce and e-marketing
services for small to mid-sized businesses through its MyCommerce^™ solution.
With short click-through contracts, customizable set-up options, and key
commerce capabilities, MyCommerce caters to merchants interested in a
do-it-yourself commerce option that can have them selling online in a matter
of hours rather than days.
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