STOCK TITAN

Digital River Partners With VTEX to Simplify Global Expansion

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Positive)
Tags
partnership

By combining Digital River’s Global Seller Services with VTEX’s fast growing ecommerce platform, brands now have an effortless solution for cross-border growth

MINNEAPOLIS--(BUSINESS WIRE)-- Digital River, an experienced global commerce enabler for established and fast-growing brands, announced today a new partnership with VTEX, the fastest growing ecommerce platform in the world. Together, they have created an integrated solution for fast, simple, and risk-free cross-border selling. This partnership adds Digital River’s Global Seller Services of payments, taxes, compliance, fraud and logistics to VTEX’s ecommerce platform, simplifying global expansion for mid-market and enterprise-level companies.

Global expansion is becoming increasingly complicated with region-specific taxes and ever-changing compliance rules. Together, Digital River and VTEX are providing brands with an end-to-end commerce solution that frees them from managing multiple vendor relationships to power their ecommerce sites. With Digital River’s solution integrated into VTEX’s platform, merchants have the power to optimize revenue, accelerate implementation, and deliver exceptional customer experiences – all while reducing risk.

“Through this collaboration, VTEX customers will be able to leverage our experience and know-how to drive higher cart conversions while also avoiding many of the tax responsibilities and risks of international selling,” said Adam Coyle, CEO of Digital River. “This allows brands to more efficiently expand their ecommerce stores, manage their operations and evolve their technology goals.”

VTEX’s microservices-based architecture, combined with Digital River’s business and development tools, enables clients to future-proof their businesses for global expansion with flexibility and speed to market.

"Entering new markets can be a daunting task – especially if brands lack the tools and partnerships that solve the complexities of global expansion,” said Amit Shah, chief strategy officer and U.S. general manager at VTEX. “We’re excited to partner with Digital River to provide our wide array of clients with an end-to-end commerce solution that helps to deliver payments, tax, compliance and fraud services in a streamlined platform.”

To learn more about how Digital River and VTEX are simplifying ecommerce for brands looking to expand globally, please visit here.

About Digital River

With more than 25 years’ experience, Digital River has mastered global commerce. An industry disrupter from the start, our Global Seller Services simplify global commerce expansion to help companies of all sizes grow their revenue by offering shoppers a localized buying experience in over 175 destinations worldwide. Using our flexible APIs that combine payments, tax, fraud, compliance and logistics into a single integrated solution, brands increase conversions, turning browsers into buyers as they sell anything to anyone, anywhere in the world. The chosen partner of more than 2,100 global brands across the Americas, Europe and Asia, Digital River is global commerce simplified. ​

Digital River is headquartered in Minneapolis with offices across the U.S., Asia, Europe and South America. For more details, visit DigitalRiver.com.

Digital River is a registered trademark of Digital River, Inc. All other company and product names are trademarks, registrations or copyrights of their respective owners.

About VTEX

VTEX (NYSE: VTEX) provides a software-as-a-service digital commerce platform for enterprise brands and retailers. Our platform enables our customers to execute their commerce strategy, including building online stores, integrating and managing orders across channels, and creating marketplaces to sell products from third-party vendors. Founded in Brazil, we have been a leader in accelerating the digital commerce transformation in Latin America and are expanding globally. Our platform is engineered to enterprise-level standards and features. We are trusted by more than 2,000 customers with over 2,500 active online stores across 32 countries, who rely on VTEX to connect with their consumers in a meaningful way.

Kim Insley

Strategic Marketing Manager

Digital River

+1 763.442.0795

publicrelations@digitalriver.com

Source: Digital River

VTEX

NYSE:VTEX

VTEX Rankings

VTEX Latest News

VTEX Stock Data

1.30B
50.21M
27.93%
46.18%
0.09%
Software and Other Prerecorded Compact Disc, Tape, and Record Reproducing
Manufacturing
Link
United States of America
London

About VTEX

founded in 2000, vtex provides e-commerce platform and omnichannel solutions saas based. known for its vanguardist technology, vtex has been recognized by the analysts from gartner and forrester, as a global leader for digital commerce. focused on global expansion, vtex is present in 11 countries and has more than 1200 customers, in a broad range of size and market segments. customers like whirlpool, electrolux, c&a, cencosud, boticário, avon, disney, sony, staples, nokia, tim, havan, muffato, polishop, fravega, totto, personal and lego, trust in vtex to run their online sales. passion for results and disruptive culture are know as the great differentiators for vtex by the market. the company is controlled by a group of entrepreneurs leaded by two mechanical engineers. vtex technology vtex is a single-code, multi-tenant, scalable and extensible e-commerce platform. cios and business users find a high innovation capacity and a quick time-to-market when adopting the solution. v