Dear Valued Customer,
As you may know, we have been navigating a challenging period in our business for some time now. While we’ve worked diligently to consolidate our operations and strengthen our focus on our Digital and Subscription businesses, unforeseen factors have intensified the strain on our financial resources. The rapid contraction of key customers, combined with the headwinds presented by new deals with shorter payment terms and U.S. trade policies that impacted one of our largest customers, have exacerbated the pressure on our available capital. These challenges, coupled with rising operational costs, have affected our ability to sustain operations.
As the crisis has intensified very recently, Digital River GmbH and Digital River Holding GmbH were unfortunately obliged to file for insolvency today. Moreover, we also suspended services to our customers for the time being. We apologize for any inconvenience this may cause.
Best regards,
Your MyCommerce team
