Digital River Inc. is set to shut down its Minnesota operations, according to multiple press reports and internal communications.
The company will close its Minnetonka headquarters by the end of March, impacting 122 employees, including remote workers nationwide. A notice filed with the Minnesota Department of Employment and Economic Development confirmed the layoffs.
Digital River is a veteran player in the B2B ecommerce, payments, and marketing services industry.
Why Digital River is set to shut down
At its peak, Digital River processed over $30 billion in online transactions. It also served major clients such as Adobe, Lenovo, and VMware. However, the company’s financial troubles began in early January 2025, when it lost…
