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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 Acquires 2Checkout

SIIA CODiE Awards 2015

Avangate Wins 2015 SIIA CODiE Award For Best eCommerce & Billing Platform

Second CODiE Award Win for Avangate in 2015; the Company Also Won a CODiE for Best Subscription Management Solution

Redwood City, CA - July 27, 2015 - Avangate, the modern Digital Commerce solution provider trusted by thousands of Software, SaaS and Online Services companies to grow their business worldwide, today announced that it has won the 2015 CODiE award for Best eCommerce & Billing Platform. This is Avangate's second CODiE award win in 2015; the company previously won a CODiE award for Best Subscription Management Solution in May.

The SIIA CODiE Awards, now in their 30th edition, are the premier awards for the software and information industries. More than 1,000 companies have been recognized for achieving excellence, and the CODiE Awards remain the only peer-recognized program in the software and information industries. With over 85 categories, the CODiE Awards serve as market validation for a product's innovation, vision, and overall industry impact. The Awards are organized by the Software & Information Industry Association (SIIA), and Avangate has been the winner or a finalist in several categories since 2011, including two awards in 2015.

A panel of industry-savvy judges selected Avangate as the Best eCommerce & Billing Platform based on demanding criteria, including customization options, feature set, business model innovation, flexibility, usability and more. Special attention was given to solutions that support revenue collection options such as subscription billing and/or specialty billing for media, publishers and information providers.

"We are very pleased to receive a second CODiE Award from the SIIA this year," said Carl Theobald, CEO, Avangate. "The fast evolving digital goods and online services market is in need of modern commerce solutions that allow rapid experimentation and optimization across touchpoints in order for companies to maximize revenues and increase client retention. This award win re-affirms the robustness of our solution and our vision providing the best overall solutions for powering digital commerce."

"SIIA's 2015 Content CODiE Award winners are some of the most innovative, high-impact products out there," said Michael Marchesano, Managing Director of CISD & ABM divisions at SIIA. "We congratulate all of this year's CODiE Award winners, and thank them for the contributions they have made to the industry. It's a great accomplishment when companies win multiple awards in one year."

Avangate's Digital Commerce Platform helps companies grow their online sales with configurable self-service tools that enable fast time to market and measurable return on investment. Avangate also features comprehensive ways to manage stores, affiliates, and channel partners to maximize online sales, as well as powerful marketing and sales tools to grow any digital business.

For more information, you can view the 2015 CODiE Award winners' list as well as visit Avangate's Digital Commerce solution pages.

About the SIIA CODiE™ Awards

The SIIA CODiE™ Awards were established in 1986 by the Software & Information Industry Association (SIIA), so that pioneers of the then-nascent software industry could evaluate and honor each other's work. Since then, the CODiE Awards program has carried out the same purpose - to celebrate the software and information industry's finest products and services.

The SIIA CODiE Awards are the industry's only peer-reviewed awards program. The first round review of all nominees is conducted by media, publishing, and information services executives with considerable industry expertise, including members of the industry, analysts, media and bloggers, and bankers and investors. The judges are responsible for selecting the CODiE Awards finalists. SIIA members then vote on the finalist products and scores from both rounds are tabulated to select the winners.

For more information about the SIIA CODiE Awards, visit: siia.net/codies

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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