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Ableauctions.com + Johnston's Surplus Office Systems, Digital River + NetSales, RxSheets.com + WirelessMD, Sitestar + MotherNature.com, Take to Auction.com + Greg Manning Auctions







 Digital River (DRIV) acquires NetSales unit

 

   *  Amount:         $6 million

 

   *  Terms:            1 million shares
 

   *  Premium:        n/a

 

   *  Industry:        E-commerce enablers

 

   *  Scorecard:      C

 


    MINNEAPOLIS, Aug. 25--Digital River , a Commerce Service Provider, announced that it has acquired the software services business of NetSales which provides outsourced business-to-business (B2B) and business-to-consumer (B2C) e-commerce services for software publishers and software retailers. The acquisition of the NetSales Technology Group further establishes Digital River's position as a leading provider of both B2B and B2C e-commerce services for software and digital content publishers. Digital River acquired NetSales' software services assets in exchange for 1,000,000 shares of common stock, with a contingent earnout for an additional 350,000 shares of common stock based on performance over the next 180 days.

     

 


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