Avangate Security Srl

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Avangate Security Srl - overview

Established

2009

Location

Milan, -, Italy

Primary Industry

IT Security/Cybersecurity

About

Avangate Security Srl is a digital commerce solutions provider focused on software and online service companies, offering an advanced e-commerce platform for subscription management and billing. Founded in 2009, Avangate Security Srl operates from Milan, Italy, delivering specialized digital commerce solutions. The company has maintained a consistent business model throughout its history, successfully catering to software vendors and SaaS providers. Avangate's founder has a history of entrepreneurial ventures, contributing to the firm's expertise in this sector.


In January 2025, Elovade Deutschland GmbH, a portfolio company of Verdane Capital Advisors and HQ Equita, acquired Avangate Security Srl; financial terms were not disclosed. Avangate specializes in providing comprehensive digital commerce solutions tailored for software and online service companies. Their core offerings include an advanced e-commerce platform that facilitates subscription management, billing, and revenue recovery processes. This platform is designed to streamline transactions for a diverse clientele that includes independent software vendors, SaaS providers, and digital content creators.


The end users benefit from enhanced purchasing experiences, as the system is aimed at simplifying the buying process, while also addressing complexities such as recurring payments and customer retention strategies. Avangate's products are sold across various geographical markets, with a strong presence in North America, Western Europe, and Asia, catering to a global audience looking for efficient digital commerce solutions. Avangate generates revenue primarily through its subscription-based model, where clients pay fees for access to its e-commerce platform and associated services. Transactions typically involve software vendors and service providers entering agreements for varying subscription tiers that offer different levels of features and support.


This structure enables the company to build long-term relationships with its clients, providing ongoing value through continuous updates and enhancements to the platform. Additionally, partnerships with retailers and wholesalers facilitate wider distribution of their services, allowing Avangate to cater to both B2B and direct-to-consumer markets. This diverse transaction structure supports a steady revenue stream, driven by the demand for efficient digital sales solutions in an increasingly online marketplace. As part of its growth strategy, Avangate aims to expand its product offerings with new features to be launched in 2025, enhancing its e-commerce capabilities.


The company is also focusing on entering new markets, specifically targeting regions in Eastern Europe and Asia by mid-2025. The recent acquisition by Elovade Deutschland GmbH is expected to support these initiatives, allowing Avangate to broaden its business and development scope.


Current Investors

Elovade Deutschland GmbH

Primary Industry

IT Security/Cybersecurity

Sub Industries

IT Security/Cybersecurity

Website

www.avangate.it

Company Stage

Add-on

Total Amount Raised

Subscriber access only

Avangate Security Srl - financials

Fiscal Year EndedDec 31, 2019Dec 31, 2020Dec 31, 2021Dec 31, 2022Dec 31, 2023Dec 31, 2024
Revenue (USD)2,844,1963,571,8804,083,200---
% Revenue Growth (YoY)-25.6%14.3%---
EBITDA (USD)84,342676,164652,631---
Operating Income (USD)75,045660,165617,727---
Operating Margin2.6%18.5%15.1%---
% EBITDA Margin3.0%18.9%16.0%---
NET Income (USD)58,672472,625444,144---
% Net Margin2.1%13.2%10.9%---

Avangate Security Srl - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onCompletedAvangate Security Srl-

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