Close
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.
Find out more:
Strong Executive Team
Avangate Announces Alex Hart As New CEO
Seasoned Software and Payments Executive to Drive Digital Commerce Growth
Alex Hart
Chief Executive Officer
Avangate
REDWOOD CITY, Calif. - December 16, 2015 - Avangate, the Digital Commerce platform trusted by thousands of Software, SaaS and Online Services companies to grow their business worldwide, announced today that their Board of Directors has appointed Alex Hart as Chief Executive Officer (CEO).
Hart has more than 25 years of experience and an extensive record of success in leading payment services and software businesses. He was the President & CEO of Official Payments, from 2010 until its sale to ACI Worldwide in 2013, and most recently assisted ACIW in both corporate development and product strategy.
Prior to Official Payments, Hart was the President of Fuelman, the private-labeled fleet card business of FleetCor. Hart was also the Executive Vice President and General Manager of Electronic Banking Services for CheckFree, the leading banking and bill payment software and services company now owned by Fiserv. Hart joined CheckFree as a result of its 2007 acquisition of Corillian, the online banking and bill payment software company that he led through an extensive transformation as President and CEO between 2002 and 2007. Prior to Corillian, Hart also held a variety of sales, marketing, and product management positions at Microsoft, CheckFree, and NationsBank, now Bank of America.
"I'm excited about the opportunity to lead the Avangate team as it looks to build upon its history of providing great digital commerce solutions to the leading software, SaaS, and online services companies in the world," said Hart. "Digital commerce is growing at an impressive rate, and Avangate is well-positioned to both benefit from and help drive its growth."
"Alex Hart's extensive software and payments market knowledge and industry experience make him an ideal candidate to lead Avangate and take the company to the next level of growth," said David Golob, Chief Investment Officer with Francisco Partners.
This appointment caps on the success of Avangate as an award-winning digital commerce provider whose accolades include being named a Cool Vendor by Gartner, winner of several CODiE and Deloitte Technology Fast 500 awards and many others.
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
Avangate Newsletter
Whether it's news you're looking for or an expert's advice on how to sell software, SaaS or digital goods online, you came to the right place. Find guidance in our latest eBooks, webinars, reports and conversations with industry thought leaders to further increase revenue, maximize the value of every customer, and expand global reach.
