Digital River acquires part stake in Softonic download site for US$26 million
14 January 2010
Digital River and Softonic, a leading European software download site, have announced a strategic partnership in which Digital River has acquired a less than 15 percent ownership stake in Softonic for a US$26 million cash investment.
Digital River's final percent of ownership in the privately-held, Barcelona-based business will be determined based on Softonic's future financial performance.
Softonic will maintain its independence and organisational structure.
Softonic is considered one of the world's top download sites in Europe and Latin America, offering thousands of software titles for Windows, Macintosh and mobile phones.
As part of the strategic partnership, Digital River will become the exclusive third-party e-commerce provider for digital buy-now software titles on the Softonic site and significantly increase Softonic's existing software catalogue by adding a major portion of Digital River's collection of approximately 100,000 downloadable software titles.
"We are pleased to announce a new strategic partnership with Softonic and excited to work with them in offering the global marketplace an unrivalled collection of downloadable software titles," said Joel Ronning, Digital River's CEO.
"By working as their e-commerce partner and marketing our software catalog through Softonic, we are expanding our presence in the European marketplace and further differentiating our e-commerce solution from our closest competitors in the region. Through this agreement, we can deliver even more value to our global software clients, broadening their market reach by giving them access to a sizeable population of European software consumers that frequent the Softonic site."
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