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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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Terapeak Selects Avangate
SaaS Vendor Terapeak Selects Avangate as eCommerce Provider
Avangate’s Flexible eCommerce Solution To Accelerate Terapeak’s Worldwide Expansion
Redwood Shores, CA – October 12, 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 Terapeak has selected Avangate as their official online vendor to help manage SaaS online sales, consolidate their payments and billing services, and increase global reach.
Terapeak is a leader in ecommerce market research and payment analytics, and is the sole authorized re-licensor of eBay data globally. The company provides custom insights and SaaS technology-enabled solutions to eCommerce merchants around the world.
Prior to working with Avangate, Terapeak operated with multiple, disconnected billing services, which limited the breadth of supported payment methods, as well as created barriers to quickly adding new services and entering new markets. The flexibility of Avangate’s solution provides Terapeak the efficiency of consolidated billing services, the global scale and local depth to accept 27 different payment methods in 24 languages; and the ability to offer recurring payment capabilities, coupons and other special offers.
“One of the main reasons we chose Avangate was their flexibility. We needed an eCommerce service provider to easily integrate with our existing software systems, such as Salesforce.com; provide our customers with subscription billing options; and to simplify our international expansion by serving as our merchant of record across a number of worldwide locations. Avangate was able to provide us with all three,” said Chris Krystalowich, Director of Client Services, Terapeak. “Avangate shares our dedication to superior customer service and by offering support for multiple licensing models for SaaS companies, they help accelerate our ability to get to market quickly.”
“Our goal with companies like Terapeak is to act as a global partner and equip them to increase their international presence and at the same time stay locally relevant,” said Joseph Brown, Senior Vice President of Worldwide Sales, Avangate. “For us, it’s great that Terapeak is helping to usher in trends that are shaping how people sell online. Similarly, we are focused on helping software vendors to sell more online, no matter what their business model is, or what channels they sell through.”
About Terapeak
Terapeak is a leader in ecommerce market research and payment analytics, and is the sole authorized re-licensor of eBay data globally. The company provides custom insights and SaaS technology-enabled solutions to eCommerce merchants around the world. Currently aggregating over 20% of all online commerce sales data, Terapeak helps merchants make faster, more-profitable business decisions based on real-time market trends, pricing, and transaction data.
More information can be found on terapeak.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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