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Press Release
Digital River buys Pittsburgh Company
Pittsburgh Business Times - January 26, 2006
Digital River Inc. has acquired Direct Response Technologies Inc. for approximately $15 million in cash.
Pittsburgh-based Direct Response provides affiliate technology and online marketing software.
Under the deal, Eden Prairie-based Digital River receives Direct Response's DirectTrack affiliate management platform, KeywordMax paid-search bid management tool, DNEList e-mail campaign and list-suppresssion applications, and DirectLeads online marketing network. The acquisition does not include Direct Response's MyCoupons or GiftCards.com services.
Digital River (NASDAQ: DRIV) bought all of Direct Response's stock for $15 million in cash. Direct Response shareholders could also receive earn-out payments if the combined company achieves certain earnings and revenue targets during the first three years following the merger.
JOHN VOMHOF JR., a reporter with the Minneapolis/St. Paul Business Journal, an affiliated publication, may be contacted at jvomhof@bizjournals.com.
