SafeCharge Acquires xt:Commerce

June 24, 2010

SafeCharge International, an Innsbruck, Austria-based payment gateway provider,   announced it has acquired xt:Commerce GmbH, a technology provider for online retailers. xt:Commerce provides shopping cart technology and other processing services for more than 100,000 e-commerce sites for clients that include Volkswagen, 3M, Butlers, Mindfactory, Marktkauf, Delsey and Bugatti. “Online commerce continues to grow rapidly, and this acquisition will enable SafeCharge to offer advanced and enhanced services that will better meet the growing demand of global merchants,” said David Avgi, CEO of SafeCharge International. “With xt:Commerce we are adding one of the most innovative online shopping integrators in Europe with plans for global expansion. I am confident that the combination of SafeCharge and xt:Commerce will position SafeCharge to lead as international premium service provider in the e-commerce industry.” Terms of the deal were not disclosed.