Digital River Expands E-Commerce Agreement with Eastman Kodak Company
Launches online store to support U.S. sales of Kodak’s document scanners
MINNEAPOLIS, June 2008 — Digital River, Inc. (NASDAQ: DRIV), a leading provider of global e-commerce solutions, announced that it expanded its e-commerce agreement with the Eastman Kodak Company, the world’s foremost imaging innovator. Digital River recently designed and launched a new online store located at http://scannerstore.kodak.com to support the sales of select Kodak document scanners in the United States. In addition to managing this new site for Kodak’s Document Imaging business, Digital River hosts a software e-commerce site for Kodak’s Print on Demand Solutions group.
“Consumer electronics remains a key strategic growth market for Digital River. Our comprehensive e-commerce solution, which uniquely combines our global e-commerce expertise and platform with an expanding network of distribution partners, continues to attract major high-tech manufacturers with leading brands,” said Joel Ronning, Digital River’s CEO. “Companies like Kodak can rely on Digital River to manage the complex e-business needs of the consumer electronics market while providing their customers a seamless and easy online experience.”
As part of its expanded relationship with Kodak, Digital River is providing online order management and physical product fulfillment for the Kodak scanner store site. To increase efficiency, and control and manage shipping expenses on the fly, the site utilizes Digital River’s intelligent sourcing engine. The engine automatically determines the optimal third-party warehouse location for physical product delivery based on multiple dynamic factors, such as real-time inventory status, cost of goods and shipping costs. In addition, Digital River is providing Kodak with 24x7 customer service and fraud screening as well as online product promotions for the recently launched site.
“Internet-based commerce continues to bring new ways to market, sell and buy products, including the convenience for end users to purchase directly from manufacturers,” said Rod Hughes, director of marketing, US&C, Document Imaging, Graphic Communications Group, Eastman Kodak Company. “Digital River presented us with a seamless solution for making selected models of our document scanners available via the Kodak online store.”
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