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 (now Verifone)
Verifone is the payments architect shaping ecosystems for online and in-person commerce experiences, including everything businesses need – from secure payment devices to eCommerce tools, acquiring services, advanced business insights, and much more. As a global FinTech leader, Verifone powers omni-commerce growth for companies in over 165 countries and is trusted by the world’s best-known brands, small businesses and major financial institutions. The Verifone platform is built on a four-decade history of innovation and uncompromised security, annually managing more than 12B transactions worth over $500B on physical and digital channels.
Verifone’s 2Checkout platform is an all-in-one monetization solution helping clients drive global sales growth across online channels. Its digital services, including global payments, subscription billing, merchandising, taxes, compliance and risk, help clients stay focused on innovating their products while delivering exceptional customer experiences.
Get more information at www.2checkout.com
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.
