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Software e-Sales Enabler Avangate Raises EUR 4 Million from 3TS Fund

Files under: News, Tech
Posted by: admin @ 05:05 [10. 03. 11]

3TS Cisco Growth Fund, which is managed by 3TS Capital Partners, has agreed to invest EUR 4 million in  electronic software distribution platform provider Avangate. Romania and Amsterdam-based Avangate intends to use funds to expand in the U.S. and European markets.

Founded in 2005, Avangate offers electronic software distribution and partner management solutions.

Avangate’s mother company, GECAD created and sold RAV (Reliable Antivirus) technology assets to Microsoft in 2003, after which GECAD focused on other businesses, including e-commerce.

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