Union Square Advisors Serves as Financial Advisor to Siris Capital Group in its Proposed $840 million Acquisition of Digital River

in its $840MM acquisition of
Business/Productivity Software
Financial Software

Demonstrates Union Square Advisors’ continued strong momentum in providing high-quality strategic advisory services to leading technology companies and financial sponsors

On October 23, 2014, Digital River, a leading global provider of Commerce-as-a-Service solutions, announced that it had entered into a definitive merger agreement to be acquired by an investor group led by Siris Capital Group, LLC in a transaction valued at approximately $840 million. Under the terms of the agreement, Digital River stockholders will receive $26.00 per share in cash, representing a 50% premium to the closing stock price on October 23, 2014, and a 67% premium over the 90-day VWAP ending October 23, 2014.

The agreement was approved by Digital River’s Board of Directors, which recommended that Digital River’s stockholders adopt the agreement with Siris. The transaction, which is expected to close in the first calendar quarter of 2015, is subject to approval by Digital River stockholders, regulatory approvals and other customary closing conditions. There are no financing conditions associated with the proposed agreement.

 About Digital River

Backed by 20 years of ecommerce experience, Digital River is recognized as a leading global provider of Commerce-as-a-Service solutions. Companies of all sizes rely on Digital River’s multi-tenant, SaaS commerce, payments and marketing services to manage and grow their online businesses. In 2013, Digital River processed more than $30 billion in online transactions, connecting B2B and B2C digital products and cloud service companies as well as branded manufacturers with buyers across multiple devices and channels, and nearly every country in the world. Digital River is headquartered in Minneapolis with offices across the U.S., Asia, Europe and South America. Learn more about Digital River at www.digitalriver.com.

About Siris Capital Partners

Siris Capital is a leading private equity firm focused on making control investments in data, telecommunications, technology and technology-enabled business service companies in North America. Integral to Siris’ investment approach is its partnership with exceptional senior operating executives, or Executive Partners, who work exclusively with Siris to identify, validate and operate investment opportunities. Their significant involvement allows Siris to focus on complex, special situations; typically businesses caught in the midst of a technology transition, which creates operational, strategic, and financial challenges. For more information, please visit www.siriscapital.com.

About Union Square Advisors

Union Square Advisors LLC is a leading technology-focused investment bank that offers strategic mergers & acquisitions advice and execution, as well as agented private capital financing services. Founded in 2007, with offices in San Francisco and New York, Union Square Advisors works with leading public and private technology companies, venture capital and private equity firms across the technology landscape with a primary focus on Software, IT infrastructure and Internet / Digital Media. For more information on Union Square Advisors, please visit www.usadvisors.com

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