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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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Deloitte Technology Fast 500™
Avangate Selected As Deloitte Technology Fast 500™ Award Winner In North America
Digital Commerce Company Generated More Than 500% Revenue Growth in the New Services Economy with Innovative Selling Tools
Redwood City, CA - November 13, 2014 - Avangate, the leading Digital Commerce solution provider trusted by thousands of Software, Cloud and Online Services companies to grow their business worldwide, today announced that it has been selected as a 2014 Deloitte Technology Fast 500™ award winner in North America. This award program, sponsored by Deloitte, recognizes 500 of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America based on revenue growth from 2009 to 2013.
Avangate's remarkable growth during this period was driven by its innovative commerce products as well as its accelerated expansion in North America. By helping its customers get to market faster, move easily to recurring revenue and sell more globally, Avangate managed to achieve an impressive 578% revenue growth over the five-year period.
"While it has become increasingly complex for merchants to handle all of the aspects associated with doing business online, across channels and touchpoints, the Avangate commerce solution helps companies - whether software, SaaS or online services providers - scale their business efficiently and be nimble on a global market while strengthening long term customer relationships," said Carl Theobald, President and CEO of Avangate. "Our inclusion in the Fast 500 is a testament to our vision of the digital commerce market and to our strong execution of strategic growth initiatives ".
Avangate's North American headquarters is based in Redwood City, CA, and the company currently serves has over 3,800 software and online services customers worldwide.
For more information on the Deloitte's 2014 awards, please visit the Technology Fast 500 Rankings page.
Deloitte's 2014 Technology Fast 500™
Technology Fast 500, conducted by Deloitte LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies - both public and private - in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2009 to 2013.
More information on deloitte.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
Phone: +31 20 890 8080
Email:
press@avangate.com
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