February 28, 2015 8:12 PM ET

Internet Software and Services

Company Overview of Avangate B.V.

Company Overview

Avangate B.V. develops and delivers eCommerce solutions to software vendors, Software-as-a-Service companies, startups and developers, and online services companies in the Netherlands and internationally. The company primarily focuses on developing a global commerce platform for secure online commerce. Its products include eCommerce Manager, a digital commerce solution that includes global selling features; Subscription Billing, a solution that facilitates to build long-term relationships to generate revenue over the customer lifecycle; Channel Manager, a solution that enables to turn distribution channels into revenue engines; Affiliate Network, a solution that facilitates to enhance produc...

Prins Hendriklaan 26 II

Amsterdam,  1075 BD

Netherlands

Founded in 1992

Phone:

31 20 890 8080

Fax:

31 20 203 1309

Key Executives for Avangate B.V.

Chief Executive officer and President
Age: 43
Founder and Chairman
Chief Financial Officer
Age: 45
Chief Marketing Officer and Senior Vice President of Marketing & Products
Senior Vice President of Services & Support
Compensation as of Fiscal Year 2014.

Avangate B.V. Key Developments

Avangate Appoints John Keating as Senior Vice President of Services and Support

Avangate announced the appointment of John Keating as Senior Vice President of Services and Support. Prior to joining the company, Keating was Vice President of Professional Services for the Americas at hybris Software.

Avangate Appoints Jeff Hodges as Chief Financial Officer

Avangate announced the appointment of Jeff Hodges as Chief Financial Officer. Prior to Avangate, Hodges was the Chief Financial Officer and Senior Vice President of Official Payments Holdings Inc. Previously, Mr. Hodges served as CFO of Firethorn Holdings LLC and as CFO, SVP and Corporate Secretary of PRE Solutions Inc. and nFront Inc. where he led its initial public offering. He is a Certified Public Accountant and a graduate of Auburn University with a degree in accounting.

Avangate Joins the ServiceSource Recurring Revenue Alliance

Avangate announced that it has joined the Recurring Revenue Alliance, a strategic initiative by ServiceSource. The Alliance is designed to help businesses generate more revenue and increase customer retention by creating best practices based on end to end recurring revenue solutions. As part of the Alliance, Avangate will partner with other forward-thinking companies to help solve key industry issues related to the multi-billion dollar addressable market around recurring revenues and renewals. According to Gartner, there is a $310 billion annual recurring revenue market for maintenance, support and subscriptions across several verticals, including hardware and software. Alliance members provide solutions that enable companies to easily connect systems and data across existing CRM, quoting and ERP systems, implementing and automating a highly effective renewals process to generate revenue, increase retention and improve bottom-line business results. Members include leading technology companies such as Salesforce.com, GoodData, BigMachines, MuleSoft, Hoopla, Okta, Centrify, Practera, and Xactly.

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