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Bright Market, LLC

From EverybodyWiki Bios & Wiki

Bright Market, LLC
File:Fastspring-logo-new.png
Private
ISIN🆔
IndustrySaaS
Founded 📆2005
Founder 👔
Headquarters 🏙️,
Area served 🗺️
Worldwide
Key people
  • David Nachman (CEO)
  • Sian Wang (CFO)
Products 📟 
  • Billing
  • Payments
  • Checkout
  • Personalization
  • Customer acquisition
  • Back office software
Members
Number of employees
🌐 Websitewww.fastspring.com
📇 Address
📞 telephone

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 an Inc. 5000 honoree 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 (2020-11-19). "FastSpring Acquires SalesRight To Grow eCommerce Solutions For SaaS". PYMNTS.com. Retrieved 2024-10-10.
  2. ↑ 2.0 2.1 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. ↑ 5.0 5.1 5.2 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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