PORTLAND, OR--(Marketwired - Jul 16, 2013) - iovation, stopping Internet fraud and identifying good online customers with the world's most comprehensive device reputation database, today announced that it has been chosen for the AlwaysOn Global 250 as a Company to Watch. The AlwaysOn 250 is a list of the top private technology companies chosen for innovation, market potential, commercialization, stakeholder value and media recognition. AlwaysOn's editorial team chose iovation with input from partners at Google Ventures, Intel Capital, Morgan Stanley and other global industry experts.
"We are honored to be recognized alongside so many other distinguished companies like Dropbox, Spotify and Twitter for our innovative approach to mitigating fraud," said Scott Waddell, iovation's Chief Technology Officer. "This recognition highlights the value and uniqueness of iovation's device reputation technology along with the past year's advances in core capabilities, service architecture and strategic partnerships."
AlwaysOn recognized iovation for ReputationManager 360, the world's most comprehensive service for shared device reputation intelligence. The world's leading financial services, retail, gaming, telecommunications, dating and gambling companies, leverage ReputationManager 360's knowledge of 1.5 billion devices' past behavior to stop more than 150,000 fraud attempts daily. In addition to ReputationManager 360, iovation was recognized for services it recently introduced:
- TrustScore, identifies website visitors that are most likely to be trustworthy, even if they've never visited a site before.
- Phone Verification, iovation's two-factor phone authentication solution provides an additional fraud-fighting layer.
- Fraud Force Online Community, a virtual community that thousands of fraud professionals can leverage to identify the latest attack vectors used by online fraudsters, collaborating on techniques to thwart those attacks.
"A mature mobile marketplace, coupled with reliability and stability in the cloud, is bringing innovation and opportunity to the Global Silicon Valley. New ideas and innovations are continuing to expand, with applications appearing and becoming indispensible almost overnight. Both business and consumer users are swiftly adapting to the new digital age, demanding fast response, nimble apps, and reliable infrastructure. This year's up-and-comers are quickly moving into prosperity and finding an audience with an insatiable appetite for what they have to offer," says Tony Perkins, founder and editor of AlwaysOn. "The technology marketplace is being bolstered by the companies that made this year's AlwaysOn Global 250 Companies to Watch list. We congratulate the AlwaysOn Global 250 Companies to Watch, companies that our editors believe represent some of the highest-growth opportunities in today's private company marketplace."
AlwaysOn will formally recognize iovation at its 11th annual Innovation Summit at the Computer History Museum on July 23, 2013 in Mountain View, CA. A complete list of the AlwaysOn Global 250 winners can be found at http://aonetwork.com/Announcing-the-2013-AlwaysOn-Global-250-Top-Private-Companies/.
AlwaysOn is the leading business media brand connecting and informing the entrepreneurial community in the Global Silicon Valley. Founded by Red Herring founding editor, Tony Perkins in 2003, AlwaysOn's mission is to continue to lead the industry by empowering its readers, event participants, sponsors, bloggers, and advertisers like no other media brand.
iovation protects online businesses and their end users against fraud and abuse through an industry-leading combination of advanced device identification, shared device reputation and real-time risk evaluation. More than 2,000 fraud managers around the globe leverage iovation's database of Internet devices and the relationships between them to determine the level of risk associated with any type of online transaction. Retail, financial services, insurance, social network, gaming and other companies make real-time queries to iovation's knowledge base of more than 1.5 billion devices from every country in the world. Clients also leverage iovation's Fraud Force Community, an exclusive virtual crime-fighting network of the world's foremost security experts, to share intelligence about cybercrime and prevention techniques. Every day, iovation stops more than 150,000 fraud attempts. For more information, visit www.iovation.com.