PORTLAND, OR--(Marketwired - Aug 13, 2015) - iovation, preventing fraud, identifying trustworthy customers and authenticating devices online and on mobile, today announced it has been named to the Inc. 5000 list of America's fastest-growing companies for the sixth consecutive year. The magazine has ranked iovation at number 67 in security and 42 in Oregon based on revenue growth from 2011 to 2014.
"It is an incredible honor being named to the Inc. 5000 six years in a row, especially as we moved up more than 100 positions from the previous year," said Greg Pierson, iovation's co-founder and CEO. "This recognition reflects the strides we've made as a company and validates our solutions that help companies know who is trustworthy or a high-risk individual. We're excited to maintain this upward trajectory in the years to come, focusing on growing our global client base and building upon our unique fraud prevention technologies."
iovation's revenue has grown by 84 percent from 2011 to 2014. During this time, the company launched a number of new services including its trust solution -- which identifies customers that are most likely to be trustworthy. It introduced its authentication solution that uses a customer's known devices to verify authorization to access accounts. It also made enhancements to its risk solution -- which uses device-based intelligence to prevent account takeover, chargebacks and identify theft.
The company aims to sustain momentum by helping clients stay steps ahead of cybercriminals and winning the fight against online fraud. It will achieve this through its shared database of more than 2.5 billion Internet-connected devices leveraged by clients to determine the level of risk associated with online transactions. In addition, iovation will focus its attention on increasing adoption in fast-growing markets and industries.
Inc. magazine states that only a small fraction of the nation's companies have demonstrated such consistent high growth. It stresses that the difficult economic environment of the last few years makes being named to the Inc. 5000 a rarefied achievement.
Methodology
The 2015 Inc. 5000 is ranked according to percentage revenue growth when comparing 2011 to 2014. To qualify, companies must have been founded and generating revenue by March 31, 2011. They had to be U.S.-based, privately held, for profit, and independent -- not subsidiaries or divisions of other companies -- as of December 31, 2014. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2011 is $100,000; the minimum for 2014 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.'s September issue. They represent the top tier of the Inc. 5000, which can be found at http://www.inc.com/5000.
About iovation
iovation protects online businesses and their end users against fraud and abuse, and identifies trustworthy customers through a combination of advanced device identification, shared device reputation, device-based authentication and real-time risk evaluation. More than 3,000 fraud managers representing global retail, financial services, insurance, social network, gaming and other companies leverage iovation's database of more than 2.5 billion Internet devices and the relationships between them to determine the level of risk associated with online transactions. The company's device reputation database is the world's largest, used to protect 12 million transactions and stop an average of 250,000 fraudulent activities every day. The world's foremost fraud experts share intelligence, cybercrime tips and online fraud prevention techniques in iovation's Fraud Force Community, an exclusive virtual crime-fighting network. For more information, visit iovation.com.
Contact Information:
CONTACTS:
iovation Inc.
Connie Gougler
503-943-6748