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iovation Named One of the 100 Fastest Growing Companies in Oregon

Portland Business Journal Recognizes iovation for Fourth Year in a Row

PORTLAND, OR -- (Marketwired) -- 06/23/14 -- iovation, the trusted source for mobile and online fraud prevention to safeguard businesses, has been named one of the 100 fastest growing private companies in Oregon. The Portland Business Journal selected iovation for the PBJ 100 for the fourth year in a row because the company had one of the highest revenue growth percentages for private businesses in Oregon over the past three years.

"This year marks iovation's 10th anniversary," said CEO and Founder, Greg Pierson. "We appreciate being recognized by the Portland Business Journal as a company with strong and consistent growth. iovation's overarching mission is to make the Internet a safer and more valuable experience, and our products have resonated with businesses across 14 time zones because the fight against fraud is a worldwide effort."

iovation will break 100 Portland team members by the end of the year, in addition to its employees located around the world. Employee tenure is one of the reasons that iovation values the Portland market; approximately 45 percent of iovation's employees have been with the company for five or more years. "Employee longevity and a deep knowledge of risk management are important factors contributing to our world class Net Promoter Score (a measure of customer satisfaction) that is nearly 250 percent higher than the industry average for a SaaS company," said Pierson.

In 2013, iovation saw a 63 percent increase in international financial services customers and a 61 percent rise in retail customers. "We continue to grow our worldwide customer base," said Vice President of Sales, Shawn Sands. "Every new customer helps us fight fraud more effectively. Our global network of fraud professionals share fraud intelligence through the iovation consortium."

A key area of growth for iovation has been providing increased intelligence around the use of mobile devices. Global businesses are rapidly adopting iovation's iOS and Android software development kits (SDKs) for increased protection and security. "We want our clients to focus on creating the best possible mobile app they can, and leave the work of stopping fraud to us," said Sands. Identity theft, account takeover and stolen credit cards are all serious threats that require real-time insight into mobile transactions. Device intelligence uncovers hidden layers of fraud in mobile transactions from both mobile websites and applications.

About iovation
iovation protects online businesses and their end users against fraud and abuse through a combination of advanced device identification, shared device reputation and real-time risk evaluation. More than 3,000 fraud managers representing global retail, financial services, insurance, social network, gaming and other companies leverage iovation's database of Internet devices and the relationships between them to determine the level of risk associated with online transactions. The company's device reputation database is the world's largest, used to protect more than 10 million transactions and stop an average of 200,000 fraudulent activities every day. The world's foremost fraud experts share intelligence, cybercrime tips and online fraud prevention techniques in iovation's Fraud Force Community, an exclusive virtual crime-fighting network. For more information, visit www.iovation.com.

iovation Inc.
Connie Gougler
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