HRSR INFORMATION 06-30-2004 THE BUSINESS JOURNAL I twincities.bizjournals.com 7
� ��its sights on Asian expansion
to
Element 5 business.
The company doesn't plan to stop with
nonth The
however. "We want access to a lot revamp Elk R
p more markets,"Ronning said.
1, may ` �3 • � i;, The Asian/Pacific region is a natural next
� n step, and Ronning said he hoped to build BY SCOTT D.SMITH
wages Digital Rivers presence there this year. STAFF REPORTER
Topers ' • Such a move poses different challenges than The city of Elk River has reinstated
ed by a European expansion, however. Getting a MetroPlains Development as its choice to
lent 5, ' European presence was relatively simple:Buy revamp its downtown.
d in
the biggest competitor there. The city and the St.Paul-based developer.had
tii ;; "Element 5 was the most logical deal they a falling out when the Elk River Housing and
s cuszr could do; it was amini-Digital River," said Redevelopment Authority declined to renew
boost `a George Sutton,an analyst with Craig Hallam MetroPlains' development rights for two proj
mpor � g Capital in Minneapolis. "There really isn't ects with a combined value of about$20 million.
global "'''',4i-7:.%:, another opportunity like that out there." This week, after two years of negotiations,
pany's Digital River might seek out smaller acquisi- MetroPlains capitulated to the city's deman ds.
States, lion targets to help with Asian distribution,but Previously, MetroPlains wanted to start by
)igital there isn't a company with a similar business building 32 rental apartments and 10,000
model that would enable a quick entry square feet of retail on a city parking lot
,"said through a buyout. known as the Jackson Block. However,
ant to Another issue is software piracy, which is MetroPlains resisted the city's request for an
glob- considered far more prevalent in markets such ironclad•commitment to develop the Bluff
as China and has made developers leery of sell- Block,which includes another 10,000 square
online ing downloadable applications there. feet of retail and 52 for sale housing units.
guard Digital River is addressing that aspect, as Vern Hanson, executive vice president of
PROVIDED BY DIGITAL RIVER INC. well. The company in recent months has Metroplains,said his firm decided to appease
is CEO Joel Ronning said Digital River unveiled a digital rights management service, city officials either by doing the for sale hous
coin- wants to access"a lot more markets:' called Software Passport,that adjusts software ing project first or by doing both projects
ck. prices based on the buyer's country.Software simultaneously.MetroPlains has not yet cho
3oost- $31.9 million. sold in China, for example, would be priced sen a marketing team,but plans to start sell
The Ronning said the company's clients want to much lower to entice buyers who might other ing housing this summer and hopes to break
earn- ship globally,but don't want the hassle of dis- wise use a pirated copy. ground as soon as possible,Hanson said.
nount tributing physical products overseas. That
ent to opportunity was a big driver in getting the mreilly @bizjoumals.com 1(612)288-2110 ssmith@bi4numals.com 1(612)288-2107
'xk
plicatell Than a it:Ifir :Ih':i1::,',7;1 tem4 as tpo � r
' r %a rim& ,�,, ,,.+; ii t fte*e .,s "... ��. .•.„Si-;
1iierger �z; jtaster-of Business Administration (M.B.A.)
C ce
sfl of Management Information Systems (M.M.1.S.)
ster of Public and Nonprofit Administration (M.P.N.A.)
' '� / A
� � Do something to enhance your career. Enroll in
,_ 5 f207,/f-,,, 3', one of our fully-accredited,
�' high-quality, affordable Metropolitan State
University masters programs, designed
'"'-/f 0 t- , for professionals looking to move into leadership
'- i .yt' _ positions.
•air ..,� ,€ s a ,
o Attend an informational meeting on May 15 at
' the Midway Campus or June 28 at the
2 Minneapolis Campus.
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