Jun, 2003 : Digital River Signs E-com Agreement with iVAST

📅 June 6, 2003 - Digital River (digitalriver.com) announced today it has signed an agreement with iVAST (ivast.com), a provider of standards-based, interactive digital media solutions. Under the terms of the agreement, Digital River will build iVAST's entire e-commerce store. In addition, Digital River will provide hosting, order management, physical and electronic product fulfillment, fraud prevention, customer service and e-marketing services.

?We are pleased to manage the online sales and e-commerce operations for iVAST's online store," said Jay Kerutis, Digital River's president of software and digital commerce services. "We find that companies realize the most value from our outsourcing services when they tap our expertise and resources to not only manage the basic e-commerce functionality of their online stores, but also implement our broad online marketing strategies.?
The iVAST e-commerce site is built to support its Studio Plug-In for Adobe Premiere. This software application leverages MPEG-4 compression to stream audio and video broadcasts.
?We partnered with Digital River to take advantage of the company's deep e-commerce expertise and aggressive implementation of e-marketing tactics," said Steve Cross, iVAST's director of channel sales. "It is our goal to maximize our online revenue growth by proactively marketing our digital media products and by leveraging business relationships and joint promotions with other software publishers in Digital River's network of thousands of clients."
Based in Minneapolis, Digital River offers a complete range of e-commerce functions, including hosting, order management, fraud prevention, product fulfillment, e-marketing and customer service. Its international e-commerce capabilities support 15 currencies and offer customer service in 10 languages.

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