SOURCE: Silver Tail Systems

Silver Tail Systems

February 04, 2011 08:30 ET

Silver Tail Systems Celebrates Three-Year Anniversary; Company Highlights Momentum in Website Fraud Prevention

Company Expands Customer Base and Increases Revenue; Seasoned Technology Veteran Appointed to Manage Explosive Growth

PALO ALTO, CA--(Marketwire - February 4, 2011) -  Silver Tail Systems, Inc., the leading provider of predictive analytics for detection and prevention of fraud and abuse to some of the leading websites in the world, celebrates its three-year anniversary this month. The company operated in semi-stealth mode under the pseudo name, Kestrel, for the first two years of business and in the last year has seen rapid adoption in fraud prevention and predictive analytics. In 2010 alone, Silver Tail Systems' solutions have protected websites that garner over 746M visitors and more than 1.9B web sessions. This equates to more than 2M visitors and over 5M web sessions that are protected per day. Silver Tail expanded its customer base spanning the Financial Services, eCommerce, Government and Web 2.0 markets across North America, with accelerated global expansion in the EMEA region. 

"There is a real need for technology that has the ability to collect and analyze security data faster and more intelligently than current monitoring and forensics systems," said Richard Stiennon, Chief Research Analyst at IT-Harvest. "With the increase in awareness around cyber threats, it is important for companies in the financial services and government industries to understand the ground breaking technology available on the market today. Silver Tail Systems demonstrates how its predictive analytics technology can be used to detect cyber attacks and better protect the infrastructure from hostile online criminal attacks."

Leading the company's continued success in the website fraud prevention market is Mike Eynon, chief technology officer and co-founder. Eynon expects to keep this momentum going while overseeing technology strategy, development and operations, and the continued growth to meet and exceed customers' demands. Together with industry veteran and chief executive officer, Timothy Eades and Dr. Laura Mather, founder and vice president of product marketing, the team is committed to ensuring the company's technology strategy serves its business strategy.

"Under the vision and leadership of Timothy Eades, Dr. Laura Mather and Mike Eynon, Silver Tail Systems is growing into an outstanding performer with its superior technology and highly experienced team in the realm of website fraud protection," said Pete Sinclair, Co-Founder and Managing Director of Leapfrog Ventures. "Silver Tail Systems is filling an extremely important market need for threat management, and we are excited to have these extraordinary leaders at the helm of the company as we focus on the next stage of growth."

"We've seen tremendous growth and market opportunity over the last three years which speaks volumes to the demand of our product and technology. The Silver Tail Systems product line is on the door step of a unique market opportunity that has been near impossible to tap," said Tim Eades, Chief Executive Officer, Silver Tail Systems. "We're measuring a billion website clicks per second, with more than 746M visitors and more than 1.98B web sessions that have thwarted a high number of attacks. As we celebrate this important milestone, we're ready for an exciting future poised to deliver for our customers and partners and ultimately change the way in which the web is measured."

Key Accomplishments and Highlights:

  • Selected as a top 10 "Most Innovative Company at RSA Conference 2011," part of the Innovation Sandbox
  • Named 2010 Winner of SC Magazine "Innovator Throwdown"
  • Named Top 10 Finalist for "Most Innovative Company at RSA Conference 2010"
  • Chosen as one of the 2010 SINET 20 - most innovative cybersecurity companies
  • Silver Tail Systems Named to Bank Technology News "Future Now" list
  • Silver Tail Systems Selected in "Top Technology Companies to Watch" by Bank Technology News
  • Bradway Research selects Silver Tail Systems as "Most Likely to Succeed" vendor
  • Silver Tail Systems wins best of show at Finovate Conference in 2009

About Silver Tail Systems
Silver Tail Systems is the leading provider of predictive analytics for detection and prevention of fraud and abuse to some of the leading websites in the world. The company offers the industry's most comprehensive suite of fraud detection and mitigation solutions. Serving some of the world's largest financial institutions and e-commerce companies, Silver Tail Systems' award-winning solutions are made possible by then unmatched expertise of its management and technology teams, who bring deep experience, know-how and personal commitment to protect their customers' businesses against online fraud. For more information, visit Silver Tail Systems at www.silvertailsystems.com.

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