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Avangate Acquires 2Checkout to Expand Payment Flexibility and Broaden Market Reach

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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 Scholarship Winners

Avangate Announces Business of Software Scholarship Winners

Marketing and Commerce Services, Networking Dinner and Business of Software Conference Attendance Awarded to Five Emerging Software Innovators

Redwood Shores, CA - September 25, 2012 - Avangate, the agile eCommerce service provider trusted by thousands of software and SaaS companies to grow their businesses worldwide through any channel and any model, today announced the winners of the 2012 Inaugural Avangate Business of Software Scholarships. The Program awards five scholarships to software or SaaS companies who demonstrate innovation in technology, business models or end-user engagement strategies.

This year's Avangate Business of Software Scholarship winners represent the diverse opportunities for the software industry, ranging from Java code documentation to cloud data syncing:

  • Architexa - Intelligent sketchpad for mapping large Java codebases
  • Cazoomi - Cloud-based solution for data-syncing and integration between applications
  • In Touch Teacher LLC - Mobile and web application platform for parent-teacher communication
  • Kaggle - Platform for predictive modeling competitions
  • MeetingKing - Web-based meeting facilitation and documentation tool

"We are pleased to announce a strong roster of winners and to have partnered with the Business of Software Conference to make this scholarship program a success," said Carl Theobald, CEO, Avangate. "As a company dedicated to helping software and SaaS companies grow, we are eager to seeing the winners take advantage of the Avangate Scholarship Program. Attending the conference, as well as going through the three month consulting program, will surely help accelerate their growth and turn innovative ideas into acclaimed software companies".

The recipients of the Avangate Business of Software Scholarship will receive several prizes, including:

  • Admission to the Business of Software Conference
  • 3 months of online marketing and commerce consulting services from Avangate and Position2, an Avangate partner, featuring a one month website audit for SEO, PPC, Keyword Ranking along with two months of Conversion Rate Optimization, Analytics, Content Syndication
  • A networking dinner held Tuesday, October 2nd from 6:00pm - 10:00pm at Radius Restaurant in Boston

"Building great software product takes loads of engineering talent, but building a great software company also requires a keen eye for business innovation and market factors," said Mark Littlewood, Director of the Business Leaders Network and Business of Software. "The Avangate Business of Software Scholarship reflects the deep value we place on not just finding good products, but helping turn those products, and the people behind them, into great businesses that change the way people approach their work. With a diverse set of innovators chosen for this year's program, we are eager to see how their experience at the Business of Software Conference along with the support from Avangate will transform their opportunities."

Avangate's Enterprise Edition platform was recognized by the Software & Information Industry Association, CODiE Awards as one of the "Best Electronic Commerce Solutions" in 2012. The company was recently named a Red Herring "Top 100 Europe" technology company as well as one of the AlwaysOn Global 250 Companies to Watch. To learn more about how Avangate can grow your software sales, visit our interactive tour and follow our blog for tips on marketing, channel management, eCommerce and the business of software.

About the Business of Software Conference

Business of Software is the conference for people who care about growing great software businesses. It's a safe haven for ISVs who want to talk, listen and learn from each other about growing long-term, sustainable, profitable software businesses. Our attendees run growth businesses and entrepreneurial business units in companies that work in all types of organizations - through enterprise software, web, mobile, SaaS - from around the world. (Half of last year's participants were from outside the USA). Business of Software is about sharing ideas for building better software businesses.
More information can be found on businessofsoftware.org

About Position²

Position² is an Accel-backed company that delivers continuous growth for its customers through high performance search & social media marketing. Position² was founded with a vision to leverage technology to offer search and social media marketing solutions that deliver performance with consistency and predictability.
The team includes client management, marketing, creative services, technology development, search and social media marketing functions. Position² also provides expertise in online marketing solutions: SEO, PPC, Media and Advertising.
More information can be found on www.position2.com

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

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