Avangate Announces Alex Hart as New CEO
REDWOOD CITY, CA–(Marketwired – December 16, 2015) – Avangate, the Digital Commerce platform trusted by thousands of Software, SaaS and Online Services companies to grow their business worldwide, announced today that their Board of Directors has appointed Alex Hart as Chief Executive Officer (CEO).
Hart has more than 25 years of experience and an extensive record of success in leading payment services and software businesses. He was the President & CEO of Official Payments, from 2010 until its sale to ACI Worldwide in 2013, and most recently assisted ACIW in both corporate development and product strategy.
Prior to Official Payments, Hart was the President of Fuelman, the private-labeled fleet card business of FleetCor. Hart was also the Executive Vice President and General Manager of Electronic Banking Services for CheckFree, the leading banking and bill payment software and services company now owned by Fiserv. Hart joined CheckFree as a result of its 2007 acquisition of Corillian, the online banking and bill payment software company that he led through an extensive transformation as President and CEO between 2002 and 2007. Prior to Corillian, Hart also held a variety of sales, marketing, and product management positions at Microsoft, CheckFree, and NationsBank, now Bank of America.
“I’m excited about the opportunity to lead the Avangate team as it looks to build upon its history of providing great digital commerce solutions to the leading software, SaaS, and online services companies in the world,” said Hart. “Digital commerce is growing at an impressive rate, and Avangate is well-positioned to both benefit from and help drive its growth.”
“Alex Hart’s extensive software and payments market knowledge and industry experience make him an ideal candidate to lead Avangate and take the company to the next level of growth,” said David Golob, Chief Investment Officer with Francisco Partners.
This appointment caps on the success of Avangate as an award-winning digital commerce provider whose accolades include being named a Cool Vendor by Gartner, winner of several CODiE and Deloitte Technology Fast 500 awards and many others.
Avangate, a Francisco Partners portfolio company, is the modern digital commerce provider that enables the new services economy, helping Software, SaaS and Online Services companies to sell their products and services via multiple channels, acquire customers across any touch point, increase retention, leverage smarter payment options, and maximize sales conversion. Avangate’s clients include ABBYY, Absolute, Bitdefender, Brocade, FICO, HP Software, Kaspersky Lab, Telestream and many more companies across the globe.