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Avangate Acquires 2Checkout to Expand Payment Flexibility and Broaden Market Reach
Combined company will bring a unique combination of eCommerce and subscription management solutions to market through various payment models across the globe.
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Strong Executive Team
Avangate Announces Erich Litch as Chief Revenue Officer
Senior FinTech Executive Hired To Scale Business in 2016 and Beyond
Erich Litch
Chief Revenue Officer
Avangate
REDWOOD CITY, California - March 10, 2016 - Avangate, the leading digital commerce platform trusted by thousands of software, SaaS and online services companies to grow their businesses worldwide, is pleased to appoint Erich Litch as Chief Revenue Officer. Litch will oversee the company's sales, marketing, and product management functions across the globe.
Litch brings over two decades of experience and a strong record of accomplishment at Corillian, CheckFree, Fiserv and, most recently, Viewpoint Construction Software, a Bain Capital portfolio company.
"Erich is an exceptional talent, capable of tremendous strategic insight as well as superior execution. Erich will create a new level of focus, drive, and energy at Avangate as we work to bring the best digital products and services to the world," said Avangate CEO Alex Hart. "Erich was an integral part of the Corillian success story earlier in our careers, and his growth as a leader across multiple disciplines, customer segments and geographies in the years since has made him the ideal person to lead our revenue-generating activities worldwide."
"This is a great time to join Avangate," commented Litch. "The market opportunity in digital commerce is massive, and Avangate is strongly positioned to become an even bigger player in the space. I look forward to working with the team to build and deliver industry-leading products and services to an increasingly sophisticated segment of the market."
For more information, please visit Avangate's management team page.
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
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