Avangate

Avangate
Private company
Industry e-commerce
Founded 2006
Founder Radu Georgescu
Headquarters Redwood City, California, United States
Area served
 global
Key people

Alex Hart (CEO)
Paul Ilse (CFO)
Erich Litch (Chief Revenue Officer)
Cristian Badea (CIO)

John Keating (SVP)
Products digital software delivery, subscription commerce, recurring revenue
Number of employees
 230+
Website www.avangate.com

Avangate is an enterprise software company that helps software, SaaS, and online services companies manage digital commerce, global payments, and subscription billing for direct and channel sales. The company’s services include customer support, risk and anti-fraud management, tax and VAT compliance and financial reconciliation, as well as an affiliate marketing network and associated services.[1][2] Avangate focuses on the “business-to-individual” sales model.[3]

History

The first version of the Avangate eCommerce platform was released in 2005 and the company was incorporated in 2006 in Amsterdam by Radu Georgescu, as part of GeCAD Software.

Avangate achieved Payment Card Industry Data Security Standard (PCI DSS) Level 1 certification in 2009.[4] By 2010, Avangate had secured about 900 customers,[5] was accepting 20 payment methods, and offered ordering capabilities in 20 languages.

The company was profiled by Forrester in its eCommerce suite analysis in 2010.[6]

By 2012, Avangate was handling transactions for 2400 customers, and was featured as part of Forrester’s Subscription and Recurring Billing Solutions research.[7]

Avangate continued to grow, and by 2014 was serving more than 3,000 Software, SaaS, and Online Services customers, had about 44,000 affiliates, was accepting 38 payment methods, 130 payment currencies and offered ordering capabilities in 31 languages. [8]

In 2015, Avangate is backed by Francisco Partners,[9] and has engaged in research to improve its customer service.[10]

Major investments and acquisition

In May 2011, Avangate received an investment from the 3TS Growth Fund launched by Cisco Systems, giving the fund a minority stake in the company.[11]

In October 2013, Avangate was acquired by Francisco Partners in an equity deal to increase product development and support global expansion.[12]

Awards and recognition

Avangate has received various awards and great recognition as a company. It was included in MThink's Top 20 Affiliate (CPS) Networks (2016),[13] amongst the Winners of the Red Herring Top 100 in North America (2015)[14] and in the G2 Crowd Grid for E-Commerce Platforms (2015).[15] It was named Best Subscription Management Solution and Best eCommerce & Billing Platform in the SIIA CODiE Awards (2015).[16]

Avangate was included in the Montclare SaaS 250 report (2015) [17] and in MThink's Top 20 Affiliate (CPS) Networks (2015).[18] It was a finalist in the Cloud Awards for Best Payment, Chargeback or Billing Solution (2014–15) [19] and was included in Deloitte's Technology Fast500 in North America (2014).[20] It was named Company of the Year for Computer Software in the Gold Stevie Awards (2014) [21] and Best eCommerce and Billing Finalist - CODiE Awards (2014).[22]

Avangate was listed in Gartner's Cool Vendors in E-Commerce (2013)[23] and in the Global Red Herring Top 100 (2013).[24] It was nominated for a CNP Award for Best E-Commerce Platform [25] and included in Deloitte's Technology Fast50 in 2013.[26] The company won a SIIA CODiE award in the Best eCommerce & Billing Platform category in 2013 [27] and was included in the Red Herring Europe Top 100 (2012)[28] and in the AlwaysOn Global Top 50 Companies (2012).[29] It also was a SIIA CODiE Award Finalist [30] and a European IT Excellence Award Finalist in 2012.

References

  1. ↑ "Avangate Provides The Back Office For Digital E-commerce". Forbes. Retrieved 4 November 2014.
  2. ↑ "Tech tools make selling to the world child's play". BBC News. Retrieved 4 November 2014.
  3. ↑ "How 3 B2B Companies Integrate SEO In Their Online Marketing Strategies". SearchEngineLand. Retrieved 4 November 2014.
  4. ↑ "Avangate receives Level 1 PCI DSS certification". The Paypers. Retrieved 4 November 2014.
  5. ↑ "Avangate adds new payment options for European customers". The Paypers. Retrieved 4 November 2014.
  6. ↑ "Market Overview: SMB eCommerce Solutions". Forrester. Retrieved 4 November 2014.
  7. ↑ "Market Overview: Subscription And Recurring Billing Solutions 2012". Forrester. Retrieved 4 November 2014.
  8. ↑ "Avangate Provides The Back Office For Digital E-commerce". Forbes. Retrieved 15 September 2015.
  9. ↑ "Avangate: Turnkey Digital Commerce for Software, SaaS, and Online Services". IDC. Retrieved 15 September 2015.
  10. ↑ "Rights for online shoppers change, with digital products being covered for the first time". The Drum. Retrieved 4 November 2014.
  11. ↑ "Avangate raises €4 million, helps software makers sell products online". TechCrunch. Retrieved 4 November 2014.
  12. ↑ "Francisco Partners Adds Avangate to Shopping Cart". Dow Jones Private Equity & Venture Capital. Retrieved 4 November 2014.
  13. ↑ "The Top 20 Affiliate Networks 2016". mThink. Retrieved 4 May 2016.
  14. ↑ "2015 Top 100 North America: Winners". Red Herring. Retrieved 20 August 2015.
  15. ↑ "What is E-Commerce Platform Software". G2Crowd. Retrieved 20 August 2015.
  16. ↑ "Winners - 2015 SIIA CODiE Awards". SIIA. Retrieved 20 August 2015.
  17. ↑ "Montclare SaaS 250". Montclare. Retrieved 20 August 2015.
  18. ↑ "The Top 20 Affiliate Networks 2015". mThink. Retrieved 20 August 2015.
  19. ↑ "2014-15 Winners, The Cloud Awards". Cloud Awards. Retrieved 20 August 2015.
  20. ↑ "2014 North America Fast 500™ ranking by industry". Deloitte. Retrieved 20 August 2015.
  21. ↑ "2014 Company/Organization Awards Category Stevie® Award Winners". Stevie Awards. Retrieved 20 August 2015.
  22. ↑ "SIIA Announces Software Finalists for 2014 CODiE Awards". SIIA. Retrieved 4 November 2014.
  23. ↑ "Cool Vendors in E-Commerce". Gartner. Retrieved 4 November 2014.
  24. ↑ "2013 Red Herring Global: Top 100 Winners". Red Herring. Retrieved 4 November 2014.
  25. ↑ "2013 CNP Award Winners Revealed". Card Not Present. Retrieved 4 November 2014.
  26. ↑ "Technology Fast50 ranking 2013" (PDF). Deloitte. Retrieved 15 September 2015.
  27. ↑ "2013 CODiE Award Winners". SIIA. Retrieved 4 November 2014.
  28. ↑ "Europe 2012 Top 100". Red Herring. Retrieved 4 November 2014.
  29. ↑ "Announcing the 2012 AlwaysOn Global 250 Top Private Companies". AlwaysOn Network. Retrieved 4 November 2014.
  30. ↑ "SIIA Announces Finalists for 2012 CODiE Awards in Business Software". SIIA. Retrieved 16 November 2015.
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