Avangate, an Amsterdam, The Netherlands-based company that enables software makers to sell their products online as well as to manage a solid distribution network, has raised ?4 million euros (roughly $5.5 million) in funding. Eastern European venture capitalist 3TS Capital Partners has acquired a minority stake in Avangate, out of what it is informally known as the 3TS Cisco Growth Fund. Founded in 2005, Avangate offers a combination of an eCommerce platform, a partner management system and a worldwide affiliate network.
Source: http://feedproxy.google.com/~r/Techcrunch/~3/jWf2GeAzFvs/
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