FastSpring

This article will address the topic of FastSpring, which has gained great relevance in recent years, due to its impact on various areas of society. Since its appearance, FastSpring has aroused great interest and generated intense debates in public opinion. Throughout this research, the different aspects related to FastSpring will be analyzed, as well as its implications in different contexts. The current and future perspectives of FastSpring will also be addressed, in order to provide a comprehensive vision of this currently significant topic.

Bright Market, LLC
Company typePrivate
IndustrySaaS
Founded2005
Founder
Headquarters
Santa Barbara, California
Area served
Worldwide
Key people
  • David Nachman (CEO)
  • Sian Wang (CFO)
Products
  • Billing
  • Payments
  • Checkout
  • Personalization
  • Customer acquisition
  • Back office software
Websitewww.fastspring.com

Bright Market, LLC, dba FastSpring, is a software as a service (SaaS) company that offers a full service e-commerce platform for companies that sell software and other online digital products. The company was founded in 2005 and is based in Santa Barbara, California.[1]

History

Founded in 2005 by Dan Engel, Ken White, Jason Foodman and Ryan Dewell, the company is based in Santa Barbara, California.[2] The four founders put in a combined $30,000 to launch the company.[3][4] FastSpring initially focused on companies selling desktop software and downloadable games, before moving into SaaS in 2011.[5] In March 2011, FastSpring launched its subscription e-commerce platform for subscription-based businesses to manage online subscription payments.[2][6] The company received its first outside investment in April 2013 for an estimated $12 million from Pylon Capital.[5][7] In 2018, Accel-KKR purchased a majority stake in FastSpring.[8][9]

FastSpring was recognized with a Silver Stevie Award for Customer Service Department of the Year in 2013[10] and again in 2014[11] and 2015.[12] It has been a five-time Inc. 5000 honoree over six times.[13]

In July 2018, Sian Wang was named CFO of the company.[14] In March 2019, David Nachman was named CEO, succeeding Chris Lueck. Nachman was formerly CEO of government technology company Vision, and chief business officer of Velocify, a SaaS CRM business.[15]

Products and services

FastSpring's platform offers digital commerce products for software, cloud-based, and as-a-service businesses, supporting a variety of digital products and distribution models. It enables purchases and subscriptions for desktop, mobile, and apps.[5][16]

  • Global Online Payments
  • Subscription Management + Billing
  • Branded Checkout
  • Global Taxes + Financial Services
  • Risk Management + Compliance
  • Integrations

References

  1. ^ PYMNTS (November 19, 2020). "FastSpring Acquires SalesRight To Grow eCommerce Solutions For SaaS". PYMNTS.com. Retrieved October 10, 2024.
  2. ^ a b Rip Emerson (March 17, 2011). "Online Subscription Billing Is Still a Hassle, SaaSy Aims to Change That". TechCrunch. Retrieved September 18, 2013.
  3. ^ "How These 3 Entrepreneurs Bootstrapped Their Million-Dollar Companies". Entrepreneur. January 26, 2018. Retrieved June 28, 2019.
  4. ^ "Corporate Hack: How A Dozen Remote Workers Generated $100M". Forbes. March 30, 2016. Retrieved June 28, 2019.
  5. ^ a b c Sarah Perez (April 24, 2013). "All-In-One E-Commerce Solution FastSpring Takes Its First Outside Investment From Pylon Capital". TechCrunch. Retrieved September 18, 2013.
  6. ^ "FastSpring and SaaSy, easy ecommerce". Network World. April 19, 2011. Retrieved June 28, 2019.
  7. ^ "Investors jump on FastSpring as revenue soars". Pacific Coast Business Times. April 26, 2013. Retrieved June 28, 2019.
  8. ^ "Accel-KKR Backs FastSpring". The Wall Street Journal. New York. February 14, 2018. Retrieved June 28, 2019.
  9. ^ "FastSpring Acquired By Accel-KKR". Socaltech. February 14, 2018. Retrieved June 28, 2019.
  10. ^ "2013 Customer Service Awards Category Stevie Award Winners". Stevie Awards, Inc. Retrieved September 18, 2013.
  11. ^ "2014 Customer Service Awards Category Stevie Award Winners". Stevie Awards, Inc. Retrieved September 2, 2014.
  12. ^ "2015 Stevie Award Winners". Stevie Awards, Inc. Retrieved July 27, 2016.
  13. ^ "FastSpring". inc.com. Retrieved June 28, 2019.
  14. ^ "Interview with Sian Wang, CFO, FastSpring". martechseries.com. December 19, 2018. Retrieved June 28, 2019.
  15. ^ "FastSpring Appoints David Nachman as Chief Executive Officer". martechseries.com. March 22, 2019. Retrieved June 28, 2019.
  16. ^ "How to make content marketing work - practical tips for success". diginomica.com. April 15, 2019. Retrieved June 28, 2019.
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