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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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Avangate in the Magic Quadrant
Avangate Recognized in the 2016 Gartner Magic Quadrant for Digital Commerce
First-time Entrant with a Software and Digital Goods Focus and Expertise
REDWOOD CITY, CA - March 30, 2016 - Avangate, the modern digital commerce solution provider trusted by thousands of software, SaaS and online services companies to grow their businesses worldwide, today announced it has been acknowledged in the 2016 Gartner Magic Quadrant for Digital Commerce as a Niche Player, due to the company's chosen focus on digital goods and services.
"We consider Avangate's inclusion in the 2016 Gartner Magic Quadrant for Digital Commerce a significant market validation from one of the world's leading independent analyst firms," said Alex Hart, Avangate's CEO. "At the same time, we believe it reflects our commitment to helping software, SaaS and online services companies achieve the fastest path to revenue, maximize the value of every customer and expand market reach on a global level."
According to Gartner, "Digital commerce platforms enable organizations to build B2B, B2C or B2B-to-consumer (B2B2C) commerce sites and support a continuum of business objectives, from the generation of incremental revenue to the enabling of transformational business change."
Avangate's all-in-one digital commerce solution enables software, SaaS and Online Services companies to rapidly embrace industry shifts, reach customers effectively across channels, and adopt new business models in order to increase revenues.
To learn more about how Avangate can grow your software and SaaS sales, read an overview of the Avangate commerce solutions.
Source: Gartner, Magic Quadrant for Digital Commerce, 09 March 2016, Chris Fletcher, Penny Gillespie, Jason Daigler, Sandy Shen, Yanna Dharmasthira, Gene Alvarez.
Gartner Disclaimer
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
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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