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Avangate Appoints Gregor Morela as Chief Financial Officer

New Executive Has a Long Track Record of Building Lean and Scalable Accounting and Finance Organizations

Avangate 2016 Yearly Digital Commerce Benchmark

ATLANTA, GA - December 15, 2016 - Avangate, the global eCommerce and subscription billing platform that maximizes revenue for software, SaaS and digital solutions, announced today the appointment of Gregor Morela to the position of Chief Financial Officer.

Morela brings to Avangate a depth of experience in SEC reporting, Initial Public Offerings, U.S. GAAP technical accounting, budgeting, forecasting, financial reporting, process improvement and operational rationalization.

He was most recently the CFO for Linq3 Technologies LLC, a private company engaged in offering state-regulated lottery products on point-of-sale terminals. Prior to Linq3, Morela held various Vice President of Finance and Controllership roles at Landis+Gyr, a multinational corporation with 45 companies in over 30 countries and headquartered in Zug, Switzerland, focused on metering and other energy management technologies; CDC Corporation, a NASDAQ-listed enterprise software company; and Serologicals Corporation, a NASDAQ-listed company engaged in offering biotechnology products and services to researchers and corporations.

"I am very pleased to welcome Gregor to Avangate. He has a strong track record of building agile accounting and finance organizations that scale, and he will be a critical component of our team as we continue to build our business across the globe," said Alex Hart, Avangate's CEO.

Morela started his career in public accounting at PricewaterhouseCoopers (PwC) in Ljubljana, Slovenia. He subsequently served various public clients of both PwC and Deloitte in Atlanta. Morela will be based in the Atlanta office of Avangate and will be responsible for the finance and HR functions at the digital commerce provider.

For more information on Gregor Morela or other Avangate executives, please visit the Avangate management team page.

About 2Checkout (now Verifone)

Verifone is the payments architect shaping ecosystems for online and in-person commerce experiences, including everything businesses need – from secure payment devices to eCommerce tools, acquiring services, advanced business insights, and much more. As a global FinTech leader, Verifone powers omni-commerce growth for companies in over 165 countries and is trusted by the world’s best-known brands, small businesses and major financial institutions. The Verifone platform is built on a four-decade history of innovation and uncompromised security, annually managing more than 12B transactions worth over $500B on physical and digital channels.

Verifone’s 2Checkout platform is an all-in-one monetization solution helping clients drive global sales growth across online channels. Its digital services, including global payments, subscription billing, merchandising, taxes, compliance and risk, help clients stay focused on innovating their products while delivering exceptional customer experiences.

Get more information at www.2checkout.com

Media Contact

Adela Dincea

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