Vindicia
Logo of Vindicia | |
| Subsidiary | |
| ISIN | 🆔 |
| Industry | Financial technology |
| Founded 📆 | 2003 |
| Founder 👔 | |
| Headquarters 🏙️ | Redwood City, California, U.S. |
Area served 🗺️ | |
| Products 📟 | Vindicia Subscribe (formerly CashBox); Vindicia Retain |
| Members | |
Number of employees | |
| Parent | Amdocs (since 2016) |
| 🌐 Website | [Lua error in Module:WikidataIB at line 665: attempt to index field 'wikibase' (a nil value). ] |
| 📇 Address | |
| 📞 telephone | |
Vindicia is an American financial technology company headquartered in Redwood City, California. Founded in 2003, the company specializes in subscription billing and payment recovery services for digital businesses. In September 2016, it was acquired by Amdocs alongside Brite:Bill and Pontis, with the total value of the three transactions estimated at approximately $260 million in cash, according to news reports.[1][2]
History
Vindicia, based in Redwood City, California, emerged as a player in subscription billing software during the 2000s.[3] The company was co-founded in 2003, with Mark Elrod serving as executive vice president of engineering, a role noted in industry profiles.[4]
In 2009, Vindicia raised a funding round reported at $7.5 million by tech news outlets.[5] In 2010, the company secured a $20 million Series E round led by FTV Capital, bringing its total funding to approximately $41 million, as reported by TechCrunch.[6]
In 2012, Vindicia partnered with Boku to integrate carrier billing into its CashBox platform, enhancing payment options for consumers.[7]
On September 14, 2016, Amdocs acquired Vindicia, Brite:Bill, and Pontis to bolster its digital strategy, with the combined deal valued at about $260 million in cash according to Reuters and Light Reading.[1][2] Post-acquisition, Amdocs extended Vindicia’s services, including a noted agreement with Vimeo in 2021.[8]
Gene Hoffman served as chief executive officer until the 2016 acquisition by Amdocs, a detail supported by contemporary news coverage.[5][2]
Products
Vindicia offers a subscription billing platform, originally marketed as CashBox and later rebranded as Vindicia Subscribe, alongside Vindicia Retain, a service for recovering failed recurring payments. The platform has been deployed in partnerships, such as with Boxee for premium content in 2010,[9] and the 2012 Boku partnership added carrier billing capabilities.[7]
See also
References
- ↑ 1.0 1.1 "Amdocs acquires three leading technology companies to expand digital offering". Reuters. September 14, 2016. Retrieved August 16, 2025.
- ↑ 2.0 2.1 2.2 "Amdocs Buys Trio of Vendors to Advance Digital Strategy". Light Reading. September 14, 2016. Retrieved August 16, 2025.
- ↑ "rPath announces new customer and cash awards". LWN.net. March 29, 2006. Retrieved August 16, 2025.
- ↑ "Mark B Elrod, Vindicia Inc: Profile and Biography". Bloomberg. Retrieved August 16, 2025.
- ↑ 5.0 5.1 Ha, Anthony (July 13, 2009). "Vindicia raises $7.5M more for online billing". VentureBeat. Retrieved August 16, 2025.
- ↑ Rao, Leena (November 1, 2010). "Vindicia Raises $20 Million For On-Demand Billing Platform". TechCrunch. Retrieved August 16, 2025.
- ↑ 7.0 7.1 "Vindicia partners with Boku to let consumers pay for online goods with their mobile". The Next Web. March 1, 2012. Retrieved August 16, 2025.
- ↑ Dziadul, Chris (March 8, 2021). "Amdocs extends Vimeo deal". Broadband TV News. Retrieved August 16, 2025.
- ↑ "Vindicia to provide payment solution for Boxee's for-pay premium content". TechCrunch. May 11, 2010. Retrieved August 16, 2025.
External links
This article "Vindicia" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:Vindicia. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.
