Main contact: Radu GEORGESCU
Sectors: Web and Enterprise IT
Established: 2004
Company type: Software/IT
Position: Founder
Employees: 9

1992 - GECAD Software, the first group company is born.
1994 - The GECAD team conceives the idea of creating an antivirus and security software to be christened RAV Antivirus.
1996 - GECAD takes the critical decision to make RAV Antivirus a platform independent software capable of serving all operating platforms.
2003 - Microsoft acquires RAV's Antivirus technology and team to facilitate its security initiatives. GECAD gets international recognition as a developer of leading edge technologies.
2004 - GECAD ePayment is launched to serve the fast growing e-commerce market in Romania. The company sets the trend in taking Romanian commerce on line.
2004 - GECAD invests in Axigen, a start-up technology company focussed on developing innovative messaging solutions for enterprise users and ISP's.
2005 - GECAD ePayment diversifies its line of business by creating Avangate, an international provider of electronic software delivery services for software publishers.
2007 - GECAD exits from Smartree.
2010 - To manage the exponential growth of GECAD ePayment, the company is split on its lines of business to create ePayment and Avangate as independent companies.
2010 - MIH Allegro, a part of the Naspers Group acquires a majority stake in ePayment.
2012 - CloudBag is launched as a global SaaS and Software ecommerce venture.


For additional information see the company profile at




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Bvd. Dimitrie Pompei nr. 10A, Et. 2, Sector 2, 020337
Municipiul București, jud. București, România
Tel: +40 213 032050
Fax: +40 213 032051
eMail:; press

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