Latest news with #Cleverbridge
Business Wire
3 days ago
- Business
- Business Wire
Cleverbridge Awarded Government Grants to Accelerate Innovation in Global Ecommerce
COLOGNE, Germany & CHICAGO--(BUSINESS WIRE)--Cleverbridge, a leading Merchant of Record (MoR) for software and SaaS companies, has secured three technology grants from the German government for up to €8 million in recognition of its leadership and innovation in digital commerce. "These grants are a powerful endorsement of our product vision and commitment to meaningful progress. We're building the future of global ecommerce, where flexible, AI-driven products and expert services work hand in hand to fuel long-term growth.' The grants were awarded through a competitive application process, with each project evaluated for its technical merit and potential business impact for companies leveraging the Cleverbridge platform. The funding will support a range of strategic initiatives, including developing a more flexible payment gateway, enhancements to subscription and billing features, and expansion of artificial intelligence (AI) capabilities. 'These grants are a powerful endorsement of our product vision and commitment to meaningful progress,' said Richard Stevenson, Chief Executive Officer at Cleverbridge. 'This investment enables us to accelerate our use of emerging technology to solve complex challenges for our clients. We're building the future of global ecommerce, where flexible, AI-driven products and expert services work hand in hand to fuel long-term growth.' Cleverbridge already uses AI to successfully process millions of transactions every year. AI is embedded across the platform to drive conversions, reduce churn, and surface opportunities faster. Specific applications include fraud detection, dynamic retries for failed payment recovery, predictive analytics and forecasting, anomaly detection with real-time risk alerts, and automated retention marketing. Looking ahead, Cleverbridge plans to further expand the role of AI across its platform, exploring emerging use cases such as AI-enabled multivariate testing and agentic AI to enhance both the user and customer experience. With a top-tier product team — including talent from Stripe, Klarna, Spotify, and other leading tech companies — Cleverbridge is redefining what it means to be a Merchant of Record. Beyond offering a high-performing platform that powers tax compliance, fraud protection, and seamless global transactions, Cleverbridge pairs its technology with deep service expertise. From adaptable billing models to tailored go-to-market support, Cleverbridge empowers software companies to scale globally with confidence. As both a technology provider and strategic partner, Cleverbridge simplifies the complexities of cross-border digital commerce, allowing clients to concentrate on what they do best — building innovative products and creating outstanding customer experiences. For more information, visit or follow Cleverbridge on LinkedIn. About Cleverbridge Cleverbridge is the all-in-one ecommerce platform for global subscription businesses. As a Merchant of Record (MoR), we consolidate the essential components of an ecommerce solution — including payments, subscription management, tax/VAT handling, and regulatory compliance — to help businesses offload operational work and automate digital transactions throughout the customer lifecycle. Since 2005, leading B2B and B2C technology companies across industries have trusted Cleverbridge to deliver frictionless buying experiences and optimize acquisition, expansion, and retention in over 240 countries and territories. Learn more at
Associated Press
31-03-2025
- Business
- Associated Press
Cleverbridge Announces Leadership Transition
COLOGNE, Germany & CHICAGO--(BUSINESS WIRE)--Mar 31, 2025-- Cleverbridge, a leading provider of ecommerce and billing solutions for global software companies, today announced the appointment of Richard Stevenson as Chief Executive Officer, effective April 1, 2025. He succeeds Wendi Sturgis, who will transition into a board advisory role. This press release features multimedia. View the full release here: Richard Stevenson, Chief Executive Officer of Cleverbridge With over 25 years of leadership across B2B software and B2C financial services, Richard brings deep operational and strategic expertise to Cleverbridge. He has held executive roles at companies undergoing rapid transformation and global expansion, including CEO of Standard Life's DACH region and VP and GM at Uniphore, where he led the company's European growth following its acquisition of Red Box. Throughout his career, Richard has been at the forefront of launching and scaling innovative SaaS platforms, including Conversa, the first open Enterprise Voice AI platform. 'I am delighted with Richard's appointment,' said Tom Buehlmann, Chairman of the Board at Cleverbridge. 'Richard pairs extensive experience leading global technology growth companies with significant industry-specific knowledge in SaaS and financial services. His expertise and leadership skills will be decisive for the next stage of Cleverbridge's growth.' Buehlmann also expressed gratitude to outgoing CEO Wendi Sturgis: 'I would like to thank Wendi for all her contributions. With her energy and commitment, she has made a major impact on Cleverbridge's journey thus far — building a profitable growth trajectory and positioning us as a market-leading merchant of record provider.' Founded in 2005 in Cologne (Germany) and Chicago (Illinois, USA), Cleverbridge has grown to a global team of 300+ employees, setting new standards as a leading merchant of record (MoR) solution provider. Some of the world's largest technology companies — including Red Hat, Dassault Systèmes, and Sony — trust Cleverbridge to process payments, manage subscriptions, and simplify the complexities of global ecommerce. In 2024, Cleverbridge achieved record growth, expanding its client portfolio across industries while maintaining 99% logo retention and 100% platform uptime. 'I'm incredibly proud of what we've accomplished over the past few years — from deepening our client relationships to advancing our global ecommerce capabilities,' said Sturgis. 'With strong momentum in place, I'm confident that Richard will bring the right leadership and expertise to build on that success. I look forward to supporting him and the company as it moves into a new chapter.' 'This is an exciting time to join Cleverbridge,' said Stevenson. 'Wendi and the team have built a strong foundation and positioned the company for long-term success. I'm honored to take the helm and look forward to accelerating our momentum in the market. Above all, we remain deeply committed to delivering exceptional value to our clients and supporting their success in an increasingly complex ecommerce landscape.' For more information, visit or follow Cleverbridge on LinkedIn. About Cleverbridge Cleverbridge is the all-in-one ecommerce platform for global subscription businesses. As a merchant of record (MoR), we consolidate the essential components of an ecommerce solution – including payments, subscription management, tax/VAT handling, and regulatory compliance – to help businesses offload operational work and automate digital transactions throughout the customer lifecycle. Since 2005, leading B2B and B2C technology companies across industries have trusted Cleverbridge to deliver frictionless buying experiences and optimize acquisition, expansion, and retention in over 240 countries and territories. Learn more at [email protected] +1-757-345-8523 SOURCE: Cleverbridge Copyright Business Wire 2025. PUB: 03/31/2025 05:00 AM/DISC: 03/31/2025 05:03 AM
Yahoo
31-03-2025
- Business
- Yahoo
Cleverbridge Announces Leadership Transition
Richard Stevenson succeeds CEO Wendi Sturgis as Cleverbridge builds on momentum and enters the next phase of its growth COLOGNE, Germany & CHICAGO, March 31, 2025--(BUSINESS WIRE)--Cleverbridge, a leading provider of ecommerce and billing solutions for global software companies, today announced the appointment of Richard Stevenson as Chief Executive Officer, effective April 1, 2025. He succeeds Wendi Sturgis, who will transition into a board advisory role. With over 25 years of leadership across B2B software and B2C financial services, Richard brings deep operational and strategic expertise to Cleverbridge. He has held executive roles at companies undergoing rapid transformation and global expansion, including CEO of Standard Life's DACH region and VP and GM at Uniphore, where he led the company's European growth following its acquisition of Red Box. Throughout his career, Richard has been at the forefront of launching and scaling innovative SaaS platforms, including Conversa, the first open Enterprise Voice AI platform. "I am delighted with Richard's appointment," said Tom Buehlmann, Chairman of the Board at Cleverbridge. "Richard pairs extensive experience leading global technology growth companies with significant industry-specific knowledge in SaaS and financial services. His expertise and leadership skills will be decisive for the next stage of Cleverbridge's growth." Buehlmann also expressed gratitude to outgoing CEO Wendi Sturgis: "I would like to thank Wendi for all her contributions. With her energy and commitment, she has made a major impact on Cleverbridge's journey thus far — building a profitable growth trajectory and positioning us as a market-leading merchant of record provider." Founded in 2005 in Cologne (Germany) and Chicago (Illinois, USA), Cleverbridge has grown to a global team of 300+ employees, setting new standards as a leading merchant of record (MoR) solution provider. Some of the world's largest technology companies — including Red Hat, Dassault Systèmes, and Sony — trust Cleverbridge to process payments, manage subscriptions, and simplify the complexities of global ecommerce. In 2024, Cleverbridge achieved record growth, expanding its client portfolio across industries while maintaining 99% logo retention and 100% platform uptime. "I'm incredibly proud of what we've accomplished over the past few years — from deepening our client relationships to advancing our global ecommerce capabilities," said Sturgis. "With strong momentum in place, I'm confident that Richard will bring the right leadership and expertise to build on that success. I look forward to supporting him and the company as it moves into a new chapter." "This is an exciting time to join Cleverbridge," said Stevenson. "Wendi and the team have built a strong foundation and positioned the company for long-term success. I'm honored to take the helm and look forward to accelerating our momentum in the market. Above all, we remain deeply committed to delivering exceptional value to our clients and supporting their success in an increasingly complex ecommerce landscape." For more information, visit or follow Cleverbridge on LinkedIn. About Cleverbridge Cleverbridge is the all-in-one ecommerce platform for global subscription businesses. As a merchant of record (MoR), we consolidate the essential components of an ecommerce solution – including payments, subscription management, tax/VAT handling, and regulatory compliance – to help businesses offload operational work and automate digital transactions throughout the customer lifecycle. Since 2005, leading B2B and B2C technology companies across industries have trusted Cleverbridge to deliver frictionless buying experiences and optimize acquisition, expansion, and retention in over 240 countries and territories. Learn more at View source version on Contacts Gordon +1-757-345-8523 Sign in to access your portfolio
