Digital River said it entered into the seventh omnibus amendment to the Microsoft Operations Digital Distribution Agreement dated Sept. 1, 2006, extending the terms through March 31, 2017. Microsoft has the option to extend the expiration date for up to four separate six month terms.
As part of their current agreement Digital River builds, hosts, and manages Microsoft's online store that sells both hardware and software.
The Internet software company also announced that it expects its merger with Siris Capital to close in the first quarter of 2015.
TheStreet Ratings team rates DIGITAL RIVER INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate DIGITAL RIVER INC (DRIV) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and revenue growth. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and a generally disappointing performance in the stock itself."