View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
October 8, 2013

Francisco Partners buys Ecommerce leader Avangate

Said to have taken a majority interest in the Amsterdam-based company

By Amy-Jo Crowley

Private equity firm Francisco Partners has bought Avangate, a provider of electronic software distribution and reseller management products for software vendors, for an undisclosed amount.

Francisco Partners are said to have taken a majority interest in the Amsterdam-based company, according to the Dow Jones.

Avangate, founded in 2006, said the deal should help it invest in product development and new commerce solutions.

Carl Theobald, CEO at Avangate, said: "With Francisco Partners we have found an investment partner that shares our customer-centric vision. Their investment and support further accelerates Avangate’s vision to be a high growth public company, as well as opens a variety of additional market options.

"The explosion of customer touch points has shifted buyer behavior at both traditional B2C and B2B companies and is driving the need for organizations to rethink their commerce solutions," he added.

My Le Nguyen, principal at Francisco Partners, added: "Speed is the new competitive differentiation and by giving companies a commerce platform to quickly introduce, test and optimise new business models across customer touch points, Avangate is leading the way in providing solutions for the next generation of commerce."


Content from our partners
Scan and deliver
GenAI cybersecurity: "A super-human analyst, with a brain the size of a planet."
Cloud, AI, and cyber security – highlights from DTX Manchester

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.