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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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GECAD ePayment - The best integrator in 2004
GECAD ePayment, company member of GECAD Group, received the title for "Best integrator of the year" during the annual event IT&C Romanian Awards for 2004.
"We are extremely motivated by winning this award. First because we are a young company and this recognition is for our entire activity and not only for a single project developed in 2004. Secondly, because this award is an acknowledgement for last year's development of the entire Romanian eCommerce industry where our company is active and we are determined to support and grow it. I would also express thanks to the entire IT&C community for its trust and for the votes given to us", affirms Razvan Prundeanu, CEO for GECAD ePayment.
ePayment solution have been launched on the local market on 15th of July 2004 and, since then, in online payment system have entered over 100 web merchants.
"ePayment is a top solution from a technological point of view. Anti-fraud filters we embedded in the solution had an efficiency of 100% until now, even if there are daily attempts of frauds in the system. Moreover, easy and fast integration in our system have convinced a lot of online merchants to use the ePayment solution", adds Cristian Badea, CTO for GECAD ePayment.
The company is preparing to soon launch its eCommerce solutions on the global market.
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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