SOURCE: Silver Tail Systems

April 20, 2009 16:35 ET

Silver Tail Systems Appoints Sherrick Murdoff as CEO

Seasoned Software Executive Takes the Helm to Fight Against Business Logic Abuse

PALO ALTO, CA--(Marketwire - April 20, 2009) - Silver Tail Systems, Inc., leader in the fight against business logic abuse, announced Sherrick Murdoff has joined Silver Tail as chief executive officer (CEO). Murdoff will lead the company, bringing strong marketing, sales and business development expertise to take the next generation of fraud prevention applications to the e-commerce and financial services markets. Murdoff joins the Silver Tail board of directors along with Pete Sinclair of Leapfrog Ventures, security industry veteran Tom McNeight of Seraph Group and Mike Eynon, Co-founder and CTO of Silver Tail.

"Silver Tail has such a unique opportunity to lead the market in fighting business logic abuse. The combination of Murdoff's sales, marketing and business development experience make him the right leader to take the company forward," said Mr. McNeight.

Murdoff has a strong career in enterprise software, with over 17 years of software experience. Most recently, he led all business development and new market leadership at visualization software vendor, iRise, where he drove substantial revenue and entered new markets with SAP and IBM. Murdoff is a widely recognized speaker and has won several awards with iRise including Best Enterprise Alliance Strategy at the Gartner conference. Before iRise, Murdoff held leadership roles at Elance (acquired by ClickCommerce), Cohera (acquired by PeopleSoft) and NetDynamics (acquired by Sun Microsystems). Murdoff began his career as a technology consultant at Price Waterhouse.

"Silver Tail is uniquely positioned to catch the rising tide of online fraud," said Murdoff. "Our customers desperately want to protect their clients and their brand against business logic abuse. I'm excited to join the Silver Tail team and help further accelerate the company's growth."

About Silver Tail Systems

Silver Tail Systems (http://www.silvertailsystems.com) provides next generation fraud prevention to protect against business logic abuse -- a rising threat on application logic costing financial institutions hundreds of millions of dollars and significant loss of trust. Silver Tail products use real-time behavior analysis to detect and alert on known threats and new behaviors, then enables the business to disrupt these attacks in real-time. Founded by fraud prevention experts from eBay and PayPal, Silver Tail significantly reduces online fraud losses, protects your institution and increases customer trust.

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