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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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Enterprise Edition Winter Release
Avangate’s Winter ‘13 Release Continues Delivery Of Multi-Channel Subscription, Renewals And Global Commerce
Software and Online Services Companies Gain from Commerce Solution with Enhanced Multi-channel Merchandising, Subscription and Retention Management as well as Intelligent Payment Routing
Redwood Shores, CA - December 5, 2013 - Avangate, the leading Customer Centric Commerce solution provider trusted by thousands of Software and Online Services companies to grow their business worldwide, today announced the Winter 2013 Release of its Avangate Enterprise Edition Suite. This latest version of Avangate's platform for digital commerce enables companies to take advantage of monetizing their software and services with expanded online self-service and assisted selling with advanced promotions, subscription management and customer retention, as well as global payments leadership.
"With Software and Online Services companies increasingly struggling with disparate tools to setup and monetize new revenue models, like subscriptions, we have focused our latest release on enabling our customers to fine tune their offerings, promotions, and how those are exposed across channels, lifting conversion and retention, while accelerating time to market," said Michael Ni, CMO, Avangate.
The Avangate Winter Release supports the need for faster time to commerce by enabling:
- Any Channel Commerce: advanced multi-channel promotions, Single Sign-On for embedded commerce and customer management;
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Advanced Subscription Management: early subscription renewal management and promotion, options-based promotions, expanded upsell and cross sell capabilities, and intelligent payment routing for improved conversion rates and increased retention;
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- Any Market Reach: expanded global payment support and financial reconciliation; addition of domestic Brazilian cards with installments, the number one online payment method in Brazil - and recurring payments support with iDEAL in The Netherlands.
To learn more about how Avangate can grow your software and SaaS sales, read an overview of the Avangate commerce solutions.
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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