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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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TeamLab Selects Avangate
SaaS Vendor TeamLab Selects Avangate As eCommerce Provider
Avangate Chosen For Ability To Support Subscriptions On A Global Scale
Redwood Shores, CA – September 20, 2011 – Avangate, the agile eCommerce solutions provider trusted by Software and SaaS companies to grow their business worldwide through any channel and any model, announced today that TeamLab has selected Avangate to manage their SaaS online sales. TeamLab is a corporate collaboration platform for document and project management that integrates a number of online organization, management and communication tools.
In order to adapt to market changes, software companies require an eCommerce platform that can support the increasing number of licensing and business models including SaaS, freemium or perpetual, allowing them to manage subscriptions and licenses across the entire customer lifecycle. By selecting Avangate, TeamLab benefits from a comprehensive and adaptable solution, which will enable the SaaS company to continually reach new customers on a global scale, increase revenue, and grow their business online.
“We chose to work with Avangate for their forward thinking approach and flexibility to handle multiple licensing models, including support for subscriptions and recurring payments. Avangate offers the configurability for us to manage the system on our own and get us to market more quickly. In addition, their knowledgeable team helps us navigate some of the software market’s most complex issues,” said Dmitry Orlov, Sales Director, TeamLab.
“TeamLab is an example of how we work with our customers to help them streamline their online payment management by offering them flexibility across multiple licensing models,” said Michael Ni, Senior Vice President of Marketing and Products, Avangate. “We enable software vendors to grow their revenue through any channel, using any model. As companies work to stay ahead of the market, we provide a reliable and flexible platform that can evolve with them.”
About TeamLab
TeamLab is a corporate platform for document and project management developed by Ascensio System SIA. Teamlab integrates a number of online tools helping employees to organize business tasks, exchange news, manage corporate documents and communicate in real time. TeamLab is offered in 3 solutions: a cloud-based SaaS application, an open-source software and an image for Amazon EC2 service (TeamLab AMI). For more information refer to http://www.teamlab.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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