FastSpring
 | The topic of this article may not meet Wikipedia's notability guidelines for companies and organizations. (May 2023) |
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| Company type | Private |
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| Industry | SaaS |
| Founded | 2005 |
| Founder |
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| Headquarters | |
Area served | Worldwide |
Key people |
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| Products |
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| Website | www.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.
History
[edit]Founded in 2005 by Dan Engel, Ken White, Jason Foodman and Ryan Dewell, the company is based in Santa Barbara, California.[1] The four founders put in a combined $30,000 to launch the company.[2][3] FastSpring initially focused on companies selling desktop software and downloadable games, before moving into SaaS in 2011.[4] In March 2011, FastSpring launched its subscription e-commerce platform for subscription-based businesses to manage online subscription payments.[1][5] The company received its first outside investment in April 2013 for an estimated $12 million from Pylon Capital.[4][6] The company's revenue would grow from less than $1 million in 2007 to over $100 million by 2013.[4] In 2018, Accel-KKR purchased a majority stake in FastSpring.[7][8]
FastSpring was recognized for a Silver Stevie Award for Customer Service Department of the Year in 2013[9] and again in 2014[10] and 2015.[11] It is a five-time Inc. 5000 honoree, having been ranked as high as #41 in 2010.[12]
In July 2018, Sian Wang was named CFO of the company.[13] 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.[14]
Products and services
[edit]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.[4][15]
- Global Online Payments
- Subscription Management + Billing
- Branded Checkout
- Global Taxes + Financial Services
- Risk Management + Compliance
- Integrations
References
[edit]- ^ a b Rip Emerson (March 17, 2011). "Online Subscription Billing Is Still a Hassle, SaaSy Aims to Change That". TechCrunch. Retrieved September 18, 2013.
- ^ "How These 3 Entrepreneurs Bootstrapped Their Million-Dollar Companies". Entrepreneur. January 26, 2018. Retrieved June 28, 2019.
- ^ "Corporate Hack: How A Dozen Remote Workers Generated $100M". Forbes. March 30, 2016. Retrieved June 28, 2019.
- ^ a b c d 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.
- ^ "FastSpring and SaaSy, easy ecommerce". Network World. April 19, 2011. Retrieved June 28, 2019.
- ^ "Investors jump on FastSpring as revenue soars". Pacific Coast Business Times. April 26, 2013. Retrieved June 28, 2019.
- ^ "Accel-KKR Backs FastSpring". The Wall Street Journal. New York. February 14, 2018. Retrieved June 28, 2019.
- ^ "FastSpring Acquired By Accel-KKR". Socaltech. February 14, 2018. Retrieved June 28, 2019.
- ^ "2013 Customer Service Awards Category Stevie Award Winners". Stevie Awards, Inc. Retrieved September 18, 2013.
- ^ "2014 Customer Service Awards Category Stevie Award Winners". Stevie Awards, Inc. Retrieved September 2, 2014.
- ^ "2015 Stevie Award Winners". Stevie Awards, Inc. Retrieved July 27, 2016.
- ^ "FastSpring". inc.com. Retrieved June 28, 2019.
- ^ "Interview with Sian Wang, CFO, FastSpring". martechseries.com. December 19, 2018. Retrieved June 28, 2019.
- ^ "FastSpring Appoints David Nachman as Chief Executive Officer". martechseries.com. March 22, 2019. Retrieved June 28, 2019.
- ^ "How to make content marketing work - practical tips for success". diginomica.com. April 15, 2019. Retrieved June 28, 2019.