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Posted May 24, 2011
Leading SaaS Fraud Prevention Company is Recognized as One of the Year’s Most Promising Private Technology Ventures from the North American Region
LOS ALTOS, CA – May 25, 2011 – ThreatMetrix™, the fastest growing provider of fraud prevention solutions that do not require personally identifiable information (PII), announced today that is has been selected as one of this year’s Red Herring 100 North America finalists.
Finalists for the 2011 edition of the Red Herring 100 North America award are selected based upon their technological innovation, management strength, market size, investor record, customer acquisition, and financial health. During the several months leading up to the announcement, hundreds of companies in the telecommunications, security, Web 2.0, software, hardware, biotech, mobile and other industries completed their submissions to qualify for the award.
“This year was very rewarding,” said Alex Vieux, publisher and CEO of Red Herring. “The global economic situation has abated and there are many great companies producing really innovative and amazing products. We had a very difficult time narrowing the pool and selecting the finalists. ThreatMetrix shows great promise therefore deserves to be among the Finalists. Now we’re faced with the difficult task of selecting the Top 100 winners of Red Herring North America. We know that the 2011 crop will grow into some amazing companies that are sure to make an impact.”
Besides receiving recognition with Red Herring, ThreatMetrix has recently been included in the list of “Cool Vendors” in the “Cool Vendors in Context-Aware Computing, 2011” report by Gartner, Inc.
“The selection of ThreatMetrix as a finalist demonstrates our market-leading solutions in the fraud prevention industry,” said Reed Taussig, president and CEO of ThreatMetrix. “Through our Cloud-Based Fraud Prevention Platform we will continue to explore emerging strategies and technology to defeat fraudsters.”
Winners of the Red Herring 100 North America Award will be announced June 15 during the Red Herring North America Forum in Hollywood, CA.
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.