July 24, 2017 3:26 PM ET

Internet Software and Services

Company Overview of Avangate B.V.

Company Overview

Avangate B.V. provides digital commerce solutions to software companies, online services companies, startups and developers, and affiliates worldwide. It offers eCommerce Manager, a digital commerce solution to design global selling experience; Subscription Billing, a solution that facilitates to build long-term relationships to generate revenue over the customer lifecycle; Channel Manager that enables to turn distribution channels into revenue engines; Affiliate Network that facilitates to enhance products' visibility and earn extra revenue with affiliate management capabilities; Global Payments that provides billing and payments infrastructure solutions; and Commerce Cloud to scale and aut...

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
Age: 54
Founder and Chairman
Chief Financial Officer
Chief Operation Officer
Age: 52
Chief Risk Officer, General Counsel and Secretary
Compensation as of Fiscal Year 2017.

Avangate B.V. Key Developments

Kaspersky Lab Improves Revenue Per Visitor by 63% and Internal Efficiency with Avangate Localized Marketplaces

Avangate announced that Kaspersky Lab improved user experience and increased revenue from local markets following the implementation of Avangate’s solution for marketplaces in several countries from Eastern Europe. As part of Kaspersky Lab’s effort to continually optimize the customer experience, Kaspersky Lab decided to migrate existing stores in several Eastern European countries to Avangate localized marketplaces. As part of this project, Avangate developed and implemented localized marketplaces for the majority of Eastern European markets, including Bulgaria, the Czech Republic and Slovakia, Hungary, Greece, Romania, Serbia and Ukraine.

Avangate Launches New Growth Accelerator Suite

Avangate announced its 2016 Autumn Release, unveiling new functionality that will help businesses achieve sustainable growth. The updates, launched as the Growth Accelerator Suite, are a collection of out-of-the-box features and templates embedded with best practices designed to maximize customer lifetime value and recurring revenue for software and SaaS companies. The latest tools make it easy to go beyond acquisition and optimize the digital commerce lifecycle. The key features of the new release include enhancements in the following areas: Checkout Conversion -- Avangate has optimized its customer acquisition engine with a new ordering product, ConvertPlus. This new checkout capability uses the latest technology and incorporates conversion & authorization best practices. In addition, using Avangate's access to a vast amount of transactional and behavioral data analytics, ConvertPlus delivers a seamless, localized checkout experience. Customer Engagement -- The latest customer engagement tool, EngagePlus, includes extensive customization options that put customers firmly in control of shopper communications from initial acquisition through each recurring charge. The tool allows businesses to create custom experiences that best fit their shoppers' profile and helps deliver a better branded experience.

Avangate Summer 2016 Release Helps Increase Recurring Revenue for Software, SaaS and Online Services Companies

Avangate announced its 2016 Summer Release, unveiling new functionality around recurring revenue management. The latest capabilities help software, SaaS and online services vendors accelerate time-to-value across the entire subscription lifecycle and fine-tune their end-to-end monetization strategy. New payment methods and localized options, enhanced usage billing functionality, advanced subscription management as well as several refined eCommerce capabilities are part of over 400 feature updates from Avangate. Key features of the Avangate 2016 Summer release include: Smarter Payments & Conversions: PayPal In-context Checkout - increase conversion with a streamlined purchase flow on an optimized page, without leaving the shopping cart. Consistent across devices, including mobile; 1-Scan Bank Transfers - Czech customers can now utilize their bank's mobile application to scan QR codes during checkout and complete payments in a matter of seconds and POLi real time Australian online bank transfer, popular with consumers in Australia and New Zealand. Flexible Billing Engine, Monetization and Merchandising Tools: Extended Usage Billing Model - additional flexibility regarding pre-paid recurring costs and overage usage fees charged in arrears as well as usage plan management; improved reporting and invoicing; Subscription Management - enhanced cancelation management and capabilities, and Threshold Promotions - for improved acquisition and higher average order value. Scaled Onboarding & Retention Operations: Redesigned Emails - included new best practices for improving email marketing metrics, and Minimized Churn - enhanced Account Updater mechanism to cater for the new recycle patterns introduced with the advent of EMV.

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