The seemingly boring business that’s hot at Digital River



By Katharine Grayson, Minneapolis-St.Paul Business Journal

“If there’s a list of executives at Digital River due for a big raise, Souheil Badran might be at the top of it.  Badran leads the ecommerce company’s global payments business, which posted revenue growth of 70 percent in the second quarter. This is the third consecutive quarter that the company’s global payments business reported a growth rate exceeding 60 percent.

The Minnetonka-based company doesn’t disclose specific revenue numbers for the unit, but CEO David Dobson said in an earnings call Tuesday that its sales are “approaching” 20 percent of the company’s total revenue.”

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