What We're Up to

Keeping You Updated, One Press Release at a Time.

ePayment, producer of Avangate, merges with call center Cvantage

GECAD ePayment, eCommerce solutions integrator, announces its merger with GECAD Cvantage, international call center and sister-company of GECAD Group. The new company will retain the GECAD ePayment name after merger.

As a result of this move, the online payment and eCommerce solutions offered by GECAD ePayment will be enhanced by the add-on of round the clock customer support for both online vendors and buyers. Cvantage clients will continue to be fully supported by the merged company.

"This decision was made based on the development strategies of both businesses: ePayment aimed to include call center support in its offer package, while Cvantage was set to target the IT and banking sectors. The synergy between the two teams lead naturally to their merger." Radu Georgescu, President of the Group, explains.

Carmen Sebe, CEO of Cvantage, will become CEO of the enlarged company and Cristian Badea, CEO of ePayment at the time of the merge, will become CIO of the new enterprise.

Carmen Sebe takes over a company with a strong market position: "We estimate that ePayment exceeded a 70% share of the Romanian online payment market. Our technical solution is exceptional; the aim now is to offer our clients complete services, with added value, and to consolidate this market share. Expanding on the international market is also a strategic objective. 24 hour customer support is essential for the industry that we work in and the fact that the merger is with a company that has valuable experience in projects which span many countries will undoubtedly contribute to the success of ePayment under the new scheme", Sebe declared.

GECAD ePayment targets the international market with integrated eCommerce solutions under the Avangate brand, tailored specifically for software producers and including online payments tools as well as consultancy on how to increase sales via the world wide web.

About 2Checkout

2Checkout is the leading all-in-one monetization platform for global businesses. It was built to help clients drive sales growth across channels and increase market share by simplifying the complexities of modern commerce like global payments, subscription billing, merchandising, taxes, compliance and risk, so they stay focused on innovating their products and delivering exceptional customer experiences.

Get more information at www.2checkout.com

Media Contact

Delia ENE

2Checkout Newsletter

Whether it's news you're looking for or an expert's advice on how to sell, you've come to the right place. Find guidance in our latest eBooks, webinars, reports and conversations with industry thought leaders to further increase revenue, maximize the value of every customer, and expand global reach.

Simplify the eCommerce process. Try 2Checkout.
The most flexible digital commerce platform that can give your business a real boost.