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FastSpring Source: en.wikipedia.org/wiki/FastSpring

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

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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

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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

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  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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