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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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Awards & Recognition
2Checkout Named a Major Player in 2017 IDC MarketScape for Subscription Management
ATLANTA, GA - December 19, 2017 - 2Checkout (formerly Avangate), a leader in eCommerce, payments and subscription billing solutions, today announced it has been named a Major Player in the IDC MarketScape for Worldwide Subscription Relationship 2Checkout Management 2017 Vendor Assessment (doc #US43172417, November 2017).
The IDC MarketScape is a premier vendor assessment tool, providing in-depth quantitative and qualitative technology market assessments of subscription relationship management vendors. Delivered in a full-length research version and summarized in an easy-to-read graphical depiction, the report provides professionals with the critical information necessary to select a subscription management vendor within the context of their business needs.
"More than 70% of the transactions we're currently processing through the Avangate digital commerce platform are for subscription-based products, up from 49% in 2012. We experience first-hand this massive shift to subscriptions, for which our platform and services are well equipped. We're proud to have been named a Major Player in this rapidly growing space and appreciate all of the customers who took the time to share their experiences for the report," said Alex Hart, 2Checkout's CEO.
For more information on the 2017 IDC MarketScape, visit the dedicated IDC report page.
About IDC MarketScape
IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor's position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.