Iovation, Inc.
Iovation, Inc. is a company engaged in providing online protection services to enterprises by helping them identify malicious visitors to their websites to minimize fraud, abuse, and protect their clients and the entire Internet community. The company employs a number of devices to determine the level of threats associated with any kind online transaction.[1] Its headquarters is located in Portland, Oregon.
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| Type: | Privately held |
| Industry: | Computer Software |
| Founded: | 2004 |
| Founder(s): | Jon Karl, Greg Pierson, Molly O’Hearn |
| Headquarters: | Portland, Oregon |
| Country: | USA |
| Businesses: | Authentication, Online Fraud Prevention, Device Recognition |
| Products: | Customer Authentication, LaunchKey MFA, Fraud Prevention, Trust Score |
| Employees: | 150 |
| Revenue: | $32M |
| Website: | iovation.com |
| Blog: | iovation blog |
| Facebook: | iovation |
| LinkedIn: | iovation |
| Twitter: |  @iovation
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| Key People | |
| Greg Pierson, CEO
Jon Karl, VP Corporate Development | |
The company has been listed on Inc. Magazine's Inc. 5000 and ranks 1662 on the 2010 List of Fastest Growing Private Companies in America.[2]
History
Greg Pierson was approached by one of his customers when he was establishing ieLogic; the customer told him that a fraudulent organization severely damaged his online business. Pierson's idea to solve the problem was to track down the computers of online criminals but he discovered that no one was providing that particular service. Pierson founded Iovation, Inc. with Jon Karl and Molly O’Hearn in June, 2004. The company received a $15 million investment from Intel Capital, SAP Ventures, European Founders and EPIC Venture.[3]
Services
The company provides authentication and fraud prevention services for online protection for businesses in the financial services, retail, insurance, gaming, telecommunications and social networking industries.
Awards
- 2011 Red Herring Top 100 Global Tech Startups
- 2011 OnDemand Top 100 Winner- Software, Vertical Applications [4]
- Technology-Service Company of the Year Award [5]
- 6th Annual 2011 Hot Companies and Best Products Awards-Finalist in Security Services for Finance, Banking and Insurance [6]
- 2011 MRC Emerging Technology Award [7]
- 2011 Best Security Service [8]
- 2011 Best in Risk Management[9]
- 2011 Best New Technology [10]
- 2011 Technology Provider of the Year [11]