October 26, 2016 9:34 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


Founded in 1992


31 20 890 8080


31 20 203 1309

Key Executives for Avangate B.V.

Chief Executive Officer
Age: 53
Founder and Chairman
Chief Financial Officer
Age: 50
Chief Operation Officer
Age: 51
Chief Risk Officer, General Counsel and Secretary
Compensation as of Fiscal Year 2016.

Avangate B.V. Key Developments

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.

Avangate Names Erich Litch as Chief Revenue Officer

Avangate has appointed Erich Litch as Chief Revenue Officer. Avangate said that Litch will oversee the company's sales, marketing, and product management functions across the globe. Litch brings over two decades of experience and a strong record of accomplishment at Corillian, CheckFree, Fiserv and, most recently, Viewpoint Construction Software, a Bain Capital portfolio company.

Avangate Names Alex Hart as CEO

Avangate reported that its Board of Directors has appointed Alex Hart as Chief Executive Officer (CEO). Hart has more than 25 years of experience and a record of success in leading payment services and software businesses. He was the President & CEO of Official Payments, from 2010 until its sale to ACI Worldwide in 2013, and most recently assisted ACIW in both corporate development and product strategy.

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Recent Private Companies Transactions

No transactions available in the past 12 months.

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