Vindicia
| Company type | Subsidiary |
|---|---|
| Industry | Financial technology |
| Founded | 2003 |
| Headquarters | Redwood City, California, U.S. |
| Products | Vindicia Subscribe (formerly CashBox); Vindicia Retain |
| Parent | Amdocs (since 2016) |
Vindicia is an American financial technology company headquartered in Redwood City, California. Founded in 2003, the company provides subscription billing and related payment services for digital businesses. In September 2016 it was acquired by Amdocs alongside Brite:Bill and Pontis; news reports said the three transactions totaled about $260 million in cash.[1][2]
History
Vindicia is based in Redwood City, California, and was active in subscription billing software through the 2000s.[3] The company was co-founded in 2003; among the founding team was Mark Elrod, who served as executive vice president of engineering.[4]
In 2009 the company raised a later-stage round reported at $7.5 million.[5] In 2010 Vindicia closed a $20 million Series E led by FTV Capital, bringing total funding to about $41 million.[6] Around the same time, TechCrunch reported that Vindicia would provide payment processing for Boxee’s premium content offering, based on deployments of its CashBox platform.[7]
In 2012 Vindicia added carrier billing to CashBox via a partnership with Boku.[8]
On September 14, 2016, Amdocs announced it had acquired Vindicia along with Brite:Bill and Pontis as part of its digital strategy; coverage by Reuters and Light Reading placed the combined value of the three similarly priced transactions at about $260 million in cash.[1][2] Following the acquisition, Amdocs publicized agreements involving Vindicia’s services, including an extension of work with Vimeo in 2021.[9]
During the 2000s and 2010s, Gene Hoffman served as chief executive officer and remained in that position until the 2016 acquisition by Amdocs.[5][2]
Products
Coverage has described Vindicia's subscription billing platform (marketed as CashBox, later Vindicia Subscribe) and a service aimed at recovering failed recurring payments (Vindicia Retain).[6] The platform was used in deployments such as Boxee’s premium content offering,[7] and in 2012 the company partnered with Boku to add carrier billing to CashBox.[8]
See also
References
- ^ a b "Amdocs acquires three leading technology companies to expand digital offering". Reuters. September 14, 2016. Retrieved August 16, 2025.
- ^ a b c "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.
- ^ a b Ha, Anthony (July 13, 2009). "Vindicia raises $7.5M more for online billing". VentureBeat. Retrieved August 16, 2025.
- ^ a b Rao, Leena (November 1, 2010). "Vindicia Raises $20 Million For On-Demand Billing Platform". TechCrunch. Retrieved August 16, 2025.
- ^ a b "Vindicia to provide payment solution for Boxee's for-pay premium content". TechCrunch. May 11, 2010. Retrieved August 16, 2025.
- ^ a b "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.