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Avangate Selected As Deloitte Technology Fast 500TM Award Winner in North America
Digital Commerce Provider Demonstrated Remarkable Innovation and High Growth Rates
REDWOOD CITY, Calif. - December 9, 2015 - Avangate, the modern Digital Commerce solution provider trusted by thousands of Software, SaaS and Online Services companies to grow their business worldwide, today announced that it has been selected as a 2015 Deloitte Technology Fast 500™ award winner in North America. This is a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in the region and it selects winners based on percentage fiscal year revenue growth from 2011 to 2014.
"The technology space is constantly, and rapidly, evolving as new startups and overnight sensations enter the market delivering goods and services on a quicker and cost-effective scale," said Sandra Shirai, Principal, Deloitte Consulting LLP and U.S. technology, media and telecommunications leader. "The 2015 Deloitte Technology Fast 500 winners have demonstrated remarkable innovation and at the same time have had a profound impact on businesses large and small."
Avangate Inc. managed to obtain a successful 288% revenue growth over the five-year period.
"Avangate is proud to be named by Deloitte as one of the fastest growing technology companies in North America," said Raj Badarinath, VP, Product Marketing and Growth Services at Avangate. "Deloitte's recognition reinforces our vision of being a strong digital commerce provider backed by an impeccable execution and reliable partnerships with leading industry players. By leveraging our solution, software, SaaS or online services providers are able to offer their clients frictionless online selling, leading to an increase in revenues across the digital commerce lifecycle and faster growth."
Avangate's North American headquarters is based in Redwood City, CA, and the company currently serves over 4,000 software and online services customers worldwide.
For more information on the Deloitte's 2015 awards, please visit the Technology Fast 500 Rankings page.
About Deloitte's 2014 Technology Fast 500™
Deloitte's Technology Fast 500 provides a ranking of the fastest growing technology, media, telecommunications, life sciences and energy tech companies - both public and private - in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2011 to 2014.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
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
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