[September 25, 2012]

Avangate Announces Business of Software Scholarship Winners

Avangate, the agile eCommerce service provider trusted by thousands of software and SaaS (News - Alert) companies to grow their businesses worldwide through any channel and any model, today announced the winners of the 2012 Inaugural Avangate Business of Software Scholarships. The Program awards five scholarships to software or SaaS companies who demonstrate innovation in technology, business models or end-user engagement strategies.

This year's Avangate Business of Software Scholarship winners represent the diverse opportunities for the software industry, ranging from Java code documentation to cloud data syncing:

• Architexa - Intelligent sketchpad for mapping large Java codebases
• Cazoomi - Cloud-based solution for data-syncing and integration between applications In Touch Teacher LLC - Mobile and web application platform for parent-teacher communication
• Kaggle - Platform for predictive modeling competitions
• MeetingKing - Web-based meeting facilitation and documentation tool

"We are pleased to announce a strong roster of winners and to have partnered with the Business of Software Conference to make this scholarship program a success," said Carl Theobald, CEO, Avangate. "As a company dedicated to helping software and SaaS companies grow, we are eager to see the winners take advantage of the Avangate Scholarship Program. Attending the conference, as well as going through the three month consulting program, will surely help accelerate their growth and turn innovative ideas into acclaimed software companies."

The recipients of the Avangate Business of Software Scholarship will receive several prizes, including:

• Admission to the Business of Software Conference
• 3 months of online marketing and commerce consulting services from Avangate and Position², an Avangate partner, featuring a one month website audit for SEO, PPC, Keyword Ranking along with two months of Conversion Rate Optimization, Analytics, Content Syndication
• A networking dinner held Tuesday, October 2^nd from 6:00pm - 10:00pm at Radius Restaurant in Boston

Avangate's SkyCommerce platform was recognized by the Software & Information Industry Association, CODiE Awards as one of the "Best Electronic Commerce Solutions" in 2012. The company was recently named a Red Herring (News - Alert) "Top 100 Europe" technology company as well as one of the AlwaysOn Global 250 Companies to Watch. To learn more about how Avangate can grow your software sales, visit our interactive tour and follow our blog for tips on marketing, channel management, eCommerce and the business of software.

About the Business of Software Conference

Business of Software is the conference for people who care about growing great software businesses. It's a safe haven for ISVs who want to talk, listen and learn from each other about growing long-term, sustainable, profitable software businesses. Our attendees run growth businesses and entrepreneurial business units in companies that work in all types of organizations - through enterprise software, web, mobile, SaaS - from around the world. (Half of last year's participants were from outside the USA). Business of Software is about sharing ideas for building better software businesses.

More information can be found on businessofsoftware.org.

About Position²

Position² is an Accel-backed company that delivers continuous growth for its customers through high performance search & social media marketing. Position² was founded with a vision to leverage technology to offer search and social media marketing solutions that deliver performance with consistency and predictability.

Position² has full service digital capabilities and provides integrated online marketing solutions that include: Search marketing - Organic & Paid (News - Alert), Creative production, Media campaigns, Web analytics and Email marketing.

More information can be found on www.position2.com

About Avangate

Avangate is an advanced eCommerce provider that enables software and Software-as-a-Service companies to sell their products via any channel and any model with a view to optimizing both online and offline revenue. Specifically designed for the software vertical, Avangate's scalable SkyCommerce® solution includes a full-featured secure eCommerce platform, a partner order and revenue management system as well as a worldwide affiliate network. Avangate's expertise in the software business helps vendors increase product visibility on the Internet, maximize access to additional selling channels and improve overall software revenue.

More information can be found on avangate.com.

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