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iovation Selected by AlwaysOn as OnDemand Top 100 Winner for Device Reputation LeadershipReputationManager 360 Fraud Prevention Solution Recognized for Helping Online Businesses Know Who to Trust Online (April 03, 2012)
PORTLAND, OR and CUPERTINO, CA -- (Marketwire) -- 04/03/12 -- iovation, the Device Reputation Authority protecting online businesses from fraud and abuse, today announced that it has been chosen by AlwaysOn as one of the OnDemand Top 100 winners for the third year in a row. Inclusion in the OnDemand 100 signifies leadership amongst its peers, and game-changing approaches and technologies that are likely to disrupt existing markets and entrenched players.
The AlwaysOn editorial team, along with partners at Battery Ventures, KPMG, Hewlett-Packard, KPCB, Greycroft Partners, International Venture Partners, Hummer Winblad Venture Partners, Emergence Capital Partners, SAP, Intel, Meritech Capital Partners, Advanced Technology Ventures, Bridge Bank, Fenwick & West, Silicon Valley Bank, and industry experts across the globe chose iovation after a rigorous three-month vetting process. They selected iovation for its leading device reputation service, ReputationManager 360, based on a set of five criteria: innovation, market potential, commercialization, stakeholder value, and media buzz.
"We are honored by AlwaysOn's continued recognition of our unique approach to fighting online fraud and abuse," said iovation CEO and co-founder Greg Pierson. "With huge quantities of devices, including tablets and smartphones, being adopted everyday, we've found that our ability to expose associations and identify risk is highly effective at stopping bad actors before they cause damage to businesses and their customers."
ReputationManager 360 has become an essential tool for hundreds of the world's largest online businesses. Its unique capability of combating cyber fraud through complex device identification, and exposing the reputation and hidden relationships of those devices, helps businesses know who to trust online. ReputationManager 360 tracks 900 million devices from computers to tablets to mobile phones across a broad range of industries including retail, financial services, gaming, travel and online communities. The fraud prevention service has protected more than 7 billion online transactions.
iovation will be honored at AlwaysOn's OnDemand event on April 4th, 2012, at Hewlett-Packard's Executive Briefing Center in Cupertino, California. This two-and-a-half-day executive event features CEO presentations and high-level debates on how the Internet is disrupting how companies -- from small businesses to large enterprises -- create, store, distribute, analyze, and take advantage of their mission-critical data.
"Digital information has expanded exponentially during the past year. As the emergence of robust, innovative apps needed to manage this information continues, a complex world of interconnected business intelligence and ideas is being created at a new macro level," said Tony Perkins, founder and editor of AlwaysOn. "This year's OnDemand 100 winners are continuing to use disruptive technology and ideas to merge valuable legacy data and systems with new, vital streams of information. The results are being deployed in the cloud by any number of SaaS products and services, changing the way all business coexist. The OnDemand 100 continues to represent some of the highest-growth opportunities in the private company marketplace."
To see the full list of 2012 winners, go to: http://www.aonetwork.com/AOStory/Announcing-2012-OnDemand-100-Top-Private-Companies
AlwaysOn is the leading business media brand networking the Global Silicon Valley. AlwaysOn helped ignite the social media revolution in early 2003 when it launched the AlwaysOn network. In 2004, it became the first media brand to socially network its online readers and event attendees. AlwaysOn's preeminent executive event series includes the Silicon Valley Innovation Summit, OnMedia, OnHollywood, IMPACT Venture Summit Mid-Atlantic, Venture Summit East, OnDemand, Venture Summit Silicon Valley, OnMobile, and GoingGreen Silicon Valley. The AlwaysOn network and live event series continue to lead the industry by empowering its readers, event participants, sponsors, and advertisers like no other media brand.
iovation protects online businesses and their end users against fraud and abuse through our industry-leading combination of shared device reputation and real-time risk evaluation. 2,000 fraud managers around the globe leverage iovation's database of Internet devices and relationships between them to determine the level of risk associated with any type of online transaction. Retail, financial services, social network, gaming and other companies make real-time queries to iovation's knowledge base of 900 million devices from every country in the world. Every day, iovation stops over 150,000 fraud attempts. For more information, visit www.iovation.com.
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