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Posted July 5, 2016
San Jose, California – July 5, 2016
100%+ Network transaction growth; 65% billings growth; 52% GAAP revenue growth year-over-year; Now serving 17 top global financial institutions
ThreatMetrix®, The Digital Identity Company™, today announced business highlights for the first half of 2016 pointing to expanded Network usage within the core eCommerce industry and accelerated market adoption across the global Financial Services sector. The company’s record results and Financial Services industry momentum are directly attributed to strategic investments in product innovation, key customer wins, emerging thought leadership and a strengthening of its executive team.
“ThreatMetrix continues to achieve ambitious corporate milestones while serving an increasingly global and sophisticated customer community. Customer billings have increased by 65 percent and GAAP revenues have increased by 52 percent year-over-year for the half, while Network transaction volume has more than doubled,” said Reed Taussig, CEO of ThreatMetrix. “Global financial institutions have embraced the ThreatMetrix Digital Identity Network, and we are honored to now serve 17 of the world’s leading banks with frictionless fraud detection, threat intelligence and digital authentication solutions.”
1st half 2016 business highlights include:
As the company enters the 2nd half of 2016, ThreatMetrix is preparing for its Digital Identity Summit 2016. Taking place October 12-14 at the Terranea Resort and Spa in Rancho Palos Verdes, California, the Summit will convene like minds from leading e-commerce companies, financial institutions, government entities and more to highlight the cybersecurity best practices of today and the strategies of tomorrow. Registration remains open.
ThreatMetrix®, The Digital Identity Company™, is the market-leading cloud solution for authenticating digital personas and transactions on the Internet. Verifying more than 20 billion annual transactions supporting 30,000 websites and 4,000 customers globally through the ThreatMetrix® Digital Identity Network, ThreatMetrix secures businesses and end users against account takeover, payment fraud and fraudulent account registrations resulting from malware and data breaches. Key benefits include an improved customer experience, reduced friction, revenue gain and lower fraud and operational costs. The ThreatMetrix solution is deployed across a variety of industries, including financial services, e-commerce, payments and lending, media, government and insurance.
For more information, visit www.threatmetrix.com or call 1-408-200-5755. Join the cybersecurity conversation by visiting the ThreatMetrix blog, Twitter, Facebook and LinkedIn pages.
© 2016 ThreatMetrix. All rights reserved. ThreatMetrix and the ThreatMetrix logo are trademarks or registered trademarks of ThreatMetrix in the United States and other countries. All other brand, service or product names are trademarks or registered trademarks of their respective companies or owners.
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