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Posted February 10, 2010
Silicon Valley Finance and Business Management Veteran Brings Expertise in Working with Fast-Growing, High-Tech, Venture Backed Companies
LOS ALTOS, CA–February 10, 2010–ThreatMetrix™, the fastest growing provider of device identification solutions for preventing online fraud, today announced the appointment of Sam Hageman as vice president of finance, reporting to Reed Taussig, president and CEO, ThreatMetrix. Hageman has more than 20 years experience in senior accounting, finance, and general management positions and is tasked for ensuring strong financial controls and accounting best practices at the company.
“I am very pleased to welcome Sam to the ThreatMetrix executive management team,” said Reed Taussig. “Sam significantly strengthens our management team and brings an extensive background in business management and finance working with a number of other fast-growing, high-tech Silicon Valley companies as well as the accounting firm KPMG. Given our explosive growth and the fast adoption of our products, we look forward to Sam adding significant value by putting in place the necessary financial controls as we continue to scale our business.”
Prior to joining ThreatMetrix, Hageman worked as corporate controller at Adomo, Inc., (sold to Avaya, Inc.) where he managed the company’s accounting, finance, human resources, facility, risk management and treasury activities. He has also held financial and consulting positions with Robert Half Management Resources, Enkata Technologies, SeeCommerce (sold to Teradata), Emotion (sold to Kodak Ventures) and was a manager, information and communications practice, with KPMG. He holds a bachelor’s degree in business administration from San Jose State University and is a Certified Public Accountant.
“I’m very excited to join ThreatMetrix in their mission to help companies safely conduct e-commerce while mitigating online fraud,” said Hageman. “ThreatMetrix is well positioned to become a leader in the online fraud detection and prevention market and I look forward to working with the management team to continue to scale the business while ensuring fiscal responsibility.”
According to ThreatMetrix partner CyberSource, based on a survey of U.S. and Canadian online merchants in their 11th Annual Online Fraud Report, total online fraud in 2009 was estimated to be $3.3 billion.
ThreatMetrix (www.threatmetrix.com) helps companies control online fraud and abuse in real time so they can significantly reduce on-line fraud, acquire more customers faster, reduce costs, and increase customer satisfaction. ThreatMetrix profiles the device used in an online transaction so companies can determine whether the users are fraudsters or customers. ThreatMetrix’ simple and cost-effective SaaS approach to implementation enables companies to get results in hours or days, rather than weeks or months. ThreatMetrix serves a rapidly growing customer base in the U.S. and around the world across a variety of industries including online retail, financial, social networks, and alternative payments.