AVANGATE, INC.
CORAL SPRINGS, FLORIDA

Avangate Is Now 2Checkout Avangate Acquires 2Checkout to Expand Payment Flexibility and Broaden Market Reach Avangate, the global eCommerce and subscription billing platform for software, SaaS, and digital solutions, announces its acquisition of 2Checkout, a global payment processor. The combined company will offer the industry's most comprehensive product and service suite in the subscription billing and eCommerce space, linking payment model flexibility with advanced eCommerce, recurring revenue management, and marketing capabilities on a global level. World-class subscription management, eCommerce, and payment services from a single provider Flexible payment model options, from the largely outsourced merchant of record model to API-driven payment facilitation and payment gateway models, with the ability to pick and choose the products and services that best fit each customer's unique needs The ability to conduct business and settle transactions in more than 30 languages and 130 local currencies The combined corporation will use the 2Checkout name and will be led by Alex Hart, Chief Executive Officer of Avangate. Ken Benvenuto, current Chief Executive Officer of 2Checkout, will continue to serve the company as a Board member and advisor. Avangate CEO "The ability to sell products and services all over the world, both in-country and cross-border, and to use as much or as little of the platform as the client desires, is the driving force behind the combination. The resulting company creates a unique offering in the marketplace, bringing added scale and flexibility that will help merchants further accelerate revenue growth. The acquisition of 2Checkout will enhance Avangate's ability to simplify the complexity of selling products and services globally, whether via one-time purchases or recurring transactions," "We are also excited about welcoming Ken Benvenuto to our Board of Directors. Ken's extensive payments industry expertise and operating experience will add considerable value to the combined company's Board," "Joining the 2Checkout payment service provider and gateway capabilities with Avangate's subscription management and merchant of record services will position the company for significant growth in attractive markets around the world. By coming together, we can lead the eCommerce and subscription management space, accelerate our payment offerings, and expand our footprint worldwide. I'm excited about helping the new 2Checkout deliver a unique set of capabilities to the growing eCommerce marketplace," Upon completion, the company will serve more than 8,000 active merchants worldwide. The financial terms of the transaction were not disclosed. 2Checkout, a portfolio company of Chicago Growth Partners and Trident Capital, is a leading global payment processor that allows companies to accept online and mobile payments from buyers worldwide with localized payment options. Capabilities include a pre-integrated payments gateway, merchant account, PCI compliance, international fraud prevention, and integration with more than 100 shopping carts. In business since 2000, 2Checkout supports transactions in 200+ markets through 8 payment methods, 87 currencies, and 15 languages, and is trusted by thousands of merchants worldwide. Avangate eCommerce solution is launched, designed to help software The Avangate Company is founded, with headquarters Avangate opens first North American Sales office in Avangate services are PCI DSS Level 1 certified 3TS Cisco Growth Fund invests in Avangate Avangate is acquired by private equity fund Avangate is named "Cool Vendor" by Gartner and wins The Golden Bridge, European Business Awards Avangate opened a new office in Atlanta, GA Avangate Ranked The #1 Affiliate Network Focused Avangate Wins two more CODiE Awards: Best Commerce. Avangate Wins CODiE Award for Avangate Acquires 2Checkout to Expand Payment Flexibility Avangate eCommerce solution is launched, designed to help software vendors increase revenue via the online channel The Avangate Company is founded, with headquarters in the Netherlands Avangate opens first North American Sales office in San Francisco, CA Avangate services are PCI DSS Level 1 certified (Payment Card Industry Data Security Standard) 3TS Cisco Growth Fund invests in Avangate Avangate is acquired by private equity fund Francisco Partners Avangate is named "Cool Vendor" by Gartner and wins CODIE's Best eCommerce and Billing Solution Award Numerous awards including Deloitte Tech Fast500, The Golden Bridge, European Business Awards Avangate opened a new office in Atlanta, GA strengthening the presence in North America Avangate Ranked The #1 Affiliate Network Focused On Digital Goods; network reaches 50,000 affiliates Avangate Wins two more CODiE Awards: Best eCommerce & Billing Platform and Best Subscription Management Solution Debut in the Gartner Magic Quadrant for Digital Commerce. Avangate Wins CODiE Award for Subscription Management Avangate Acquires 2Checkout to Expand Payment Flexibility and Broaden Market Reach Avangate Team Meet the Avangate Management Team Our core values guide us to always deliver exceptional results to our clients and community. We're a sincere company with a straightforward vision, hard at work helping software and SaaS companies get the most out of their businesses. We've had an amazing journey to where we are today and now feel confident that we can provide you professional and effective solutions to cover all your business needs, so that your only concern is growth. That being said, we present you the people who make Avangate tick. Previously the Area Sales Manager at Avira, he implemented successful and targeted strategies for the channel distribution of the company security products. He developed the International Business in the Western and Northern Europe, but also in all Africa. In 2006, when he became an Account Executive at Avangate, he started to develop the business on the international markets with a visionary approach, paying attention to details and constantly contributing at the company revenue growth as well as its product development.