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Avangate Acquires 2Checkout to Expand Payment Flexibility and Broaden Market Reach

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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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Avangate recognized as a global top company

Avangate Selected by AlwaysOn as one of the AlwaysOn Global 250 Companies to Watch

Recognized for creating new opportunities in the Global Silicon Valley.

Redwood Shores, CA - July 23, 2012 - Avangate, the agile eCommerce service provider trusted by thousands of Software and SaaS companies to grow their businesses worldwide through any channel and any model, today announced that it has been chosen by AlwaysOn as one of the AlwaysOn Global 250 Companies to Watch. Inclusion in the AlwaysOn Global 250 Companies to Watch signifies leadership amongst its peers and game-changing approaches and technologies that are likely to disrupt existing markets and entrenched players. Avangate was specially selected by the AlwaysOn editorial team and industry experts spanning the globe based on a set of five criteria: innovation, market potential, commercialization, stakeholder value, and media buzz.

Avangate and the AlwaysOn Global 250 Companies to Watch will be honored at AlwaysOn's tenth annual Innovation Summit at the Computer History Museum on July 23rd, 2012.

This two-day executive gathering that highlights the significant economic, political, and commercial trends affecting the global technology industries. Innovation Summit's goal is to identify the most promising entrepreneurial opportunities and investments in the global tech industry.

"With a quickly maturing mobile and on-demand market, opportunities for technology innovation are opening up almost faster than entrepreneurs can respond. Application developers are now bringing their disruptive skills to the corporate and enterprise world, giving scope and purpose to users in the business world. Coupled with a massive smartphone and tablet adoption, the opportunities for this year's up-and-comers are unlimited," says Tony Perkins, founder and editor of AlwaysOn. "This explosive market is being driven in large part by the companies that made this year's AlwaysOn Global 250 Companies to Watch list. We congratulate the AlwaysOn Global 250 Companies to Watch, companies that our editors believe represent some of the highest-growth opportunities in today's private company marketplace."

The AlwaysOn Global 250 winners were selected from among hundreds of other technology companies nominated by investors, bankers, journalists, and industry insiders. The AlwaysOn editorial team conducted a rigorous three-month selection process to finalize the 2012 list.

Avangate is uniquely positioned within the growing e-commerce industry through its dedication to helping rapidly evolving software publishers grow and shift business models. With its recent Summer Release of Avangate Enterprise Edition, Avangate has created new value for organizations through highly customized global sales solutions for efficiently targeting markets around the world. With over 2,300 global clients and more than 33,000 affiliates under management in 2012, Avangate and its solutions have received accolades from Red Herring, the Software & Information Industry Association and IT Europa.

"The fast evolution of the software industry over the last decade has created new opportunities for software vendors to extend their reach in a highly competitive global market," said Carl Theobald, Chief Executive Officer, Avangate. "At Avangate, we are committed to providing software and SaaS companies the expertise to sell anywhere and expedite their growth through any channel, via any model. Being named an AlwaysOn Global 250 Company to Watch is a great acknowledgement of our own growth and focus on helping companies change the way software is sold."

A full list of all the AlwaysOn Global 250 winners can be found on the AlwaysOn website at: http://www.aonetwork.com/AOStory/Announcing-2012-AlwaysOn-Global-250-Top-Private-Companies

About AlwaysOn

AlwaysOn is the leading business media brand networking the Global Silicon Valley. AlwaysOn helped ignite the social media revolution in early 2003 when it launched the AlwaysOn network. In 2004, it became the first media brand to socially network its online readers and event attendees. AlwaysOn's preeminent executive event series includes the Silicon Valley Innovation Summit, OnMedia, OnHollywood, IMPACT Venture Summit Mid-Atlantic, Venture Summit East, OnDemand, Venture Summit Silicon Valley, OnMobile, and GoingGreen Silicon Valley. The AlwaysOn network and live event series continue to lead the industry by empowering its readers, event participants, sponsors, and advertisers like no other media brand.

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

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