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Avangate Named Winner of the 2015 Red Herring Top 100 North America

Digital Commerce Leader Selected as One of the Most Promising Tech Companies in US and Canada

Redwood City, CA - June 16, 2015 - Avangate, the modern Digital Commerce solution provider trusted by thousands of Software and Online Services companies to grow their business worldwide, announced today it has been named a winner of Red Herring's Top 100 North America Award, a prestigious list honoring the year's most promising private technology companies from the North American business region.

Avangate has been recognized by Red Herring several times in the past for its leadership in the digital commerce space, including a Red Herring European Top 100 Award in 2012 and Global Top 100 Award in 2013. Avangate's continued excellence in providing cutting-edge digital commerce solutions and services is shown by consistent recognition from Red Herring, a well-known and highly regarded source of information about technology companies to watch.

"At Avangate, we're focused on building innovative digital commerce solutions that help our customers get to market fast, maximize the value of every customer and expand on a global level," said Carl Theobald, CEO of Avangate. "We're proud to be chosen once again to be included in this very select list of some of the most innovative companies in North America."

Red Herring Top 100 America enlists outstanding entrepreneurs and promising companies. It selects the award winners from approximately 1,200 privately financed companies each year in the US and Canada. Since 1996, Red Herring has kept tabs on these up-and-comers. Red Herring editors were among the first to recognize that companies such as Facebook, Twitter, Google, Yahoo, Skype, Salesforce.com, YouTube, Palo Alto Networks and eBay would change the way we live and work.

"In 2015, selecting the top achievers was by no means a small feat," said Alex Vieux, publisher and CEO of Red Herring. "In fact, we had the toughest time in years because so many entrepreneurs had crossed significant milestones so early. But after much thought, rigorous contemplation and discussion, we narrowed our list down from hundreds of candidates from across North America to the North America winners. We believe Avangate embodies the vision, drive and innovation that define a successful entrepreneurial venture. Avangate should be proud of its accomplishment, as the competition was very strong."

Red Herring's editorial staff evaluated companies on both quantitative and qualitative criteria, such as financial performance, technological innovation and intellectual property, DNA of the founders, business model, customer footprint and addressable market. A review of the track record and standing of startups relative to their sector peers, allowed Red Herring to see past the "buzz" and make the list a valuable instrument of discovery and advocacy for the most promising new business models in North America, complement this assessment of potential.

To read the full list of winners, visit Red Herring's Top 100 North America award.

About Red Herring

Since 1996, technology industry executives, investors, and strategists have valued the Red Herring 100 lists as an instrument for discovering and advocating the most promising private ventures from around the world. The Red Herring Top 100 award highlight the most exciting startups from Asia, Europe and the Americas. Hundreds of companies from each region are reviewed in a rigorous 3-step process that looks at all aspects of the company. For more, visit www.redherring.com.