ATLANTA, Dec. 19, 2017 (GLOBE NEWSWIRE) -- 2Checkout (formerly Avangate), a leader in eCommerce, payments and subscription billing solutions, today announced it has been named a Major Player in the IDC MarketScape for Worldwide Subscription Relationship Management 2017 Vendor Assessment (doc #US43172417, November 2017).

The IDC MarketScape is a premier vendor assessment tool, providing in-depth quantitative and qualitative technology market assessments of subscription relationship management vendors. Delivered in a full-length research version and summarized in an easy-to-read graphical depiction, the report provides professionals with the critical information necessary to select a subscription management vendor within the context of their business needs.

“More than 70% of the transactions we’re currently processing through the Avangate digital commerce platform are for subscription-based products, up from 49% in 2012. We experience first-hand this massive shift to subscriptions, for which our platform and services are well equipped. We’re proud to have been named a Major Player in this rapidly growing space and appreciate all of the customers who took the time to share their experiences for the report,” said Alex Hart, 2Checkout’s CEO.

For more information on the 2017 IDC MarketScape, visit the dedicated IDC report page.

About IDC MarketScape
IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.

About 2Checkout (formerly Avangate)
2Checkout, a Francisco Partners portfolio company, is the digital commerce & payments provider that helps companies sell their products and services via multiple channels, acquire customers across multiple touch points, increase customer and revenue retention, leverage smarter payment options and subscription billing models, and maximize sales conversion rates.  The company's clients include ABBYY, Absolute, Bitdefender, FICO, HP Software, Kaspersky Lab, and many more companies across the globe.
Avangate acquired 2Checkout in March 2017. More information about 2Checkout’s Avangate platform and related services can be found on www.avangate.com.
More information on 2Checkout can be found on www.2checkout.com

For further information contact:
Delia Ene, Avangate
Email: press@avangate.com
Tel: +31 20 890 8080 ext.: 4654