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Posted October 3, 2012
Recent Growth, Innovation and Fundraising Success Set ThreatMetrix Apart From More Than 5,900 Candidates
San Jose, CA – October 3, 2012 – ThreatMetrix™, the fastest-growing provider of integrated cybercrime prevention solutions, today announced that it has been named to The Wall Street Journal’s “Next Big Thing” list of the top 50 start-ups in the U.S. The third annual ranking of venture-capital-backed U.S. companies was compiled from a list of more than 5,900 candidates.
“This recognition serves as validation of our immense growth as a bay area start-up and continued innovation to the cybersecurity landscape,” said Reed Taussig, president and CEO, ThreatMetrix. “We are honored to be included in this highly competitive list and we will continue to develop advanced technologies that help businesses stay one step ahead of cybercriminals.”
According to the ranking, ThreatMetrix is considered a “hot” start-up since acquiring TrustDefender, the malware detection firm, earlier this year. This acquisition enabled ThreatMetrix to develop its ThreatMetrix™ Cybercrime Defender Platform, the only online fraud prevention solution on the market that integrates malware detection and advanced device identification in a single, easy-to-use platform delivered from the cloud.
To be eligible for the ranking – compiled by VentureSource, which like The Wall Street Journal is owned by News Corporation – companies must be based in the U.S., have received an equity round of financing in the past three years and be valued at less than $1 billion.
Key criteria for ranked companies on the list include fundraising success, recent growth in the company’s value and the track record of its founder and board members. The editorial staff of Dow Jones VentureWire also reviewed and ranked the start-ups based on their knowledge of the companies’ products, competition and financial performance. ThreatMetrix, headquartered in San Jose, California, was one of 37 California-based companies named to the top 50.
To learn more about ThreatMetrix’s ranking in “Next Big Thing” list, visit The Wall Street Journal.
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.
Walker Sands Communications