Ecommerce & Subscription Billing Platform Avangate Acquires 2Checkout
Acquisition will allow company to expand payment flexibility and broaden market reach.
Yesterday subscription ecommerce and subscription billing platform Avangate announced its acquisition of 2Checkout, a global payment processor, allowing the company to expand its payment flexibility and broaden market reach. Avangate will take on the 2Checkout name and will be led by Avangate CEO Alex Hart. 2Checkoutís CEO Ken Benvenuto remain, serving as an advisor and a board member. The terms of the deal, including the sale price, were not disclosed.
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