ePayment, producer of Avangate, merges with call center Cvantage

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.

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About Avangate:

Avangate is a brand of GECAD ePayment International. Avangate is an effective online software sales solution created for the worldwide market. It addresses mainly software authors and software publishers. Avangate offers a secure system for online payments and services for increasing sales and marketing products over the Internet.

About GECAD Group:

GECAD was founded in 1992. After 12 years of continuous development and after the selling of its antivirus division to Microsoft in 2003, GECAD transformed itself into a high-tech group with accent on innovative technologies and services. GECAD Group currently focuses on several IT domains like mail servers, eCommerce solutions, call-center services, IT security services. The Group is also financing high-tech businesses and actively developing new software technologies.
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For more details, please contact:
GECAD ePayment International
http://www.avangate.com