Avangate Named Amongst Most Innovative Companies

November 25, 2014 - Avangate was named one of the most innovative companies in 2014 in the technology track by Business Magazin, a business publication.

The recognition was based on the latest addition to the Avangate commerce solution, the Revenue Recovery Tools. The RRT is an add-on that improves conversion and retention for recurring revenues lost due to passive churn and limitations of working with just a limited set of processors, an area traditionally reserved for only the largest of merchants - but now available to companies of all sizes.

RRT brings together extended credit account updaters, retry logic, gateway failure/ intelligent payment routing, as well as bundled advanced third party tools leveraging direct bank integrations and big data analysis. Typical recovery has averaged 20% of lost orders with early adopters recovering over 40% of churned revenues.

The Business Magazin Innovation Report contains details regarding the type of the innovation (technical, business, marketing), the effects of the innovation (on the company's financial results, the quality of the business environment, of people's lives, business partnerships and the society at large), along with a description of the practical implementation of the innovation: persons involved, duration and technical details.

To read more about Avangate's entry, read the 2014 Business Magazine Most Innovative Companies Report (in Romanian).

About 2Checkout (formerly Avangate)

2Checkout, a Francisco Partners portfolio company, is the digital commerce & payments provider that helps companies sell their products and services via multiple channels, acquire customers across multiple touch points, increase customer and revenue retention, leverage smarter payment options and subscription billing models, and maximize sales conversion rates. The company’s clients include ABBYY, Absolute, Bitdefender, FICO, HP Software, Kaspersky Lab, and many more companies across the globe.

Avangate acquired 2Checkout in March 2017. More information about 2Checkout’s Avangate platform and related services can be found on www.avangate.com.

More information on 2Checkout can be found on www.2checkout.com

Media Contact

For media & PR inquiries related to Avangate, please contact:

Delia Ene, Avangate

Phone: +31 20 890 8080

Email:
press@avangate.com