Digital River, Inc. (DRIV) recently reported third-quarter revenues of $99.4 million, up 3.2% from the year-ago level and surpassed management’s revenue guidance of $96.5 million – $98.5 million. The growth in revenues was driven by strength in software, consumer electronics and games markets where the company expanded existing client relationships and closed new business as well. Earnings per share of 42 cents easily beat the Zacks Consensus Estimate of 33 cents and exceeded management’s forecast of 38 cents – 41 cents. Earlier, prime customer Symantec announced that it would not renew its existing e-commerce agreement with Digital River beyond June 30, 2010, when its existing contract expires. However, management is encouraged by the future prospects of its existing business. Going forward, management continues to work on its business plans in response to Symantec’s decision to not renew its e-commerce contract. The company stated that it does

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Fiserv, Inc., (FISV) recently announced that it has renewed contracts with 217 credit union account processing clients in the first eight months of 2009. Fiserv holds 32% market share for account processing among U.S. credit unions.  The company had earlier launched a new global account processing solution – Acumen, designed to transform the way large credit unions do business. It supports rapid growth with its server deployment model that allows credit unions to scale their operation quickly and cost effectively.  A day before, Fiserv launched its Merchant Acceleration Program (MAP), an initiative to increase the awareness and adoption of merchant capture by businesses. Merchant capture is a remote deposit capture solution that banks may provide to their business customers to provide them the convenience and cost savings of making check deposits from their office or store locations.  Fiserv assists financial institutions and health plan administrators ...

Earlier today, Digital River Inc. (DRIV) announced that its largest customer, Symantec Corporation (SYMC), notified the company that it will not extend its existing e-commerce agreement. The agreement, under which Digital River provides a variety of e-commerce-related services to Symantec, expires on June 30, 2010. This is a stunning blow to Digital River as sales of products for Symantec accounted for 24.3% of its total revenues, and sales derived from proprietary Digital River services sold to Symantec consumers accounted for 9.4% of revenues in 2008. For the quarter ended June 30, 2008, sales of Symantec products accounted for 22.5% of revenue and related services revenues accounted for 7.5% of revenue. Symantec informed Digital River that it expects to move all of the online traffic currently outsourced to Digital River to an internally developed Symantec e-commerce system before the current contract expires. Symantec has not yet ...

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Monday September 21, 2009

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Stibo Systems, a leading master data management software company, today announced that it has formed a strategic partnership with ATG, (Art Technology Group, Inc., NASDAQ: ARTG), the premier provider of e-commerce solutions. The partnership is designed to help joint Stibo and ATG customers to better solve their information supply chain challenges, leading to reduced product confusion, improved up-sell and cross-sell conversions, a more positive ecommerce experience for customers and a lower total cost of ownership.

JetBlue Airways

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Monday August 24, 2009

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Last week, Fed Reserve chief Ben Bernanke said that the U.S. economy is nearing recovery, exceeding expectations and fueling a run in the stock market that appears to be carrying forward into this week. Today, Pacific WebWorks, Inc. (OTCBB:PWEB) surprised investors with bullish news of its own, reporting that the company’s profitability for the third quarter of 2009 will likely exceed total profitability for the first two quarters combined, drawing an interesting parallel between its success which is based on creating e-commerce solutions for enterprise, and Bernanke’s remarks.

AdEx Media, Inc. (OTC Bulletin Board: ADXM), a leading performance-driven, online marketing

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Yesterday, Digital River, Inc. (DRIV), reported revenues of $96.6 million, down 1.8% year over year and 6.1% sequentially and in line with consensus estimate of $96.5 million. Revenues came in towards the high end of the management’s guidance of $95 million – $97 million. Quarterly sales would have been higher but for unfavorable exchange rates that hurt year-over-year revenue by about $4.6 million.

DRIV provides e-commerce solutions to software publishers and retailers around the world.

Sales and marketing expenses declined 1.1% year over year. However, sales and marketing costs are projected to increase in the second half of 2009 due to increases in headcount. Product R&D expense declined 1.8% year over year. R&D expense is also estimated to increase in the second half of the year as DRIV hires additional development resources to deliver new products and services. G&A costs were down almost 18% year over year.

GAAP operating margin came in

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Tuesday July 28, 2009

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Comcast, (Nasdaq: CMCSA, CMCSK) the nation’s leading provider of entertainment, information and communications products and services, today announced it is launching next-generation DOCSIS 3.0 and making the leap from broadband to wideband in San Francisco’s East Bay and North Bay area’s (see complete list of cities below). With the launch, Comcast has now completed its rollout of the fastest and most reliable wideband service in the San Francisco Bay Area. The company previously deployed wideband in the San Jose-Silicon Valley area, in San Francisco and on the Peninsula, in portions of the East Bay and in the Monterey-Salinas area earlier this

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iMergent Inc. is a company that provides e-commerce solutions to entrepreneurs and businesses, enabling enterprises to sell and market their products or services over the Internet. iMergent Inc. also offers e-commerce enabled website development and implementation, website hosting, search engine optimization (SEO), and training. The company trades on the NYSE Amex and they have their corporate headquarters in Orem, Utah.

iMergent Inc. sells their proprietary software and services so businesses can sell and market their products and services, accept online orders, analyze marketing performance, and manage pricing and customers over the Internet. The Company has continuously developed their eCommerce technology, the StoresOnline Pro development platform, over the past decade. It is a user-friendly platform, while at the same time having feature-rich functionality. StoresOnline Pro creates innovative website-building environments.

A user can experience the look and feel of their website during the actual website development stage. This means shopping, navigating,

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ATG (Art Technology Group) Inc. (Nasdaq: ARTG) provides application suites to highly personalized e-commerce sites. The company’s software and platform-neutral optimization services can be added to any Website to boost conversion and order size. ATG’s customer base includes such big names as AT&T, Best Buy, Coca-Cola, Continental Airlines, Dell, Hewlett-Packard, Hilton, Louis Vuitton, Macy’s, and many more.

The company today announced that Zinio, the leading platform and service for digital magazines and books, will join ATG’s extensive client list. The company has selected ATG as its newest e-commerce solutions provider, in which ATG will power Zinio’s re-launch and expansion of its global suite of digital and interactive published content.

“Today we welcome Zinio into the ATG family,” Bill Zujewski, ATG’s vice president of product marketing stated in the press release. “Through the use of the ATG Commerce Suite, the ATG Commerce Service Center and eStara Click to Call, Zinio.com will

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