The topic of this article may not meet Wikipedia's notability guidelines for companies and organizations .(May 2023) |
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. The company was founded in 2005 and is based in Santa Barbara, California. [1]
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]
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]
The Sage Group plc, commonly known as Sage, is a British multinational enterprise software company based in Newcastle upon Tyne, England. As of 2017, it is the UK's second largest technology company, the world's third-largest supplier of enterprise resource planning software, the largest supplier to small businesses, and has 6.1 million customers worldwide. It has offices in 23 countries. The company is a patron of The Glasshouse, Gateshead music venue in Gateshead.
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NIC Inc. (Nasdaq: EGOV) is a digital government service provider for federal, state and local governments in the United States. It was founded in 1992 and is headquartered in Olathe, Kansas. Harry H. Herington serves as the chief executive officer and chairman of the board. As Digital Government provider, NIC Inc. has long-term contracts with over 3,500 state and local government and federal agencies to provide the IT software, services, and payment processing solutions.
Daniel Conrad Engel is an American CEO and entrepreneur who has worked in the e-commerce and software industries since 1997. Engel led customer acquisition at Picasa, Google, FastSpring, GoToMeeting and GoToMyPC. In 2020, Engel founded Santa Barbara Venture Partners, a venture capital investment fund. He graduated from Tulane University in 1998 with a major in finance and is a past member of Young Presidents' Organization. Engel sits on multiple boards of directors and advisers to tech companies. Since 2018, he has served as board member on a range of local nonprofits that address the critical issue of homelessness. Engel lives in Santa Barbara, California with his two children and his wife, Emily, an environmental activist, art historian, and lecturer at the University of California, Santa Barbara.
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