Scottsdale, Ariz. - February 6, 2009 - 41st Parameter Inc., the leading
provider of internet fraud intervention and detection services and
technology, today announced record sales and growth for 2008. Many
companies recognized online fraud as a serious potential threat to
their customers and their bottom line. Even with the uncertain economic
times, companies turned to 41st Parameter® for industry best
anti-fraud solutions.
Highlights of 2008
include:
* Company subscription revenue increased by
over 300 percent
* Customer base increased by 40%
*
Increased market share in key industries, including airline/travel
industry, e-commerce industry, and finance/banking industry
*
Launched newest version of FraudNet product: FraudNet 3.0
*
Expanded platform offerings to include Oracle Linux/Unix
versions
* Expanded operations to include an office based in
the UK
* Established a strategic partnership with
Ethoca™ - the leader in collaborative fraud
management
* Expanded board of directors to include former
McAfee EVP, Parveen Jain, Ph.D
* Protected over $5 billion in
online sales based on customer provided figures
* Awarded US
Patent for DataSpider
TM, 41st Parameter’s
industry-leading link analysis
capability
"2008 was a year
marked by a number of online scams and fraudulent activities," said Ori
Eisen, founder and chief innovation officer of 41st Parameter. "In
these uncertain economic times, protecting the bottom line of any
corporation is of utmost importance. 41st Parameter provides the
anti-fraud methods many corporations find most
valuable."
In addition to positive growth,
41st Parameter also received a number of recognitions,
including:
* Identified as one of the Top 25 Valley
Software firms
* Selected by AlwaysOn as an AO Global 250
Winner
* Founder Ori Eisen named to LifeLock®; and
Merchant Risk Council Advisory
Boards
About 41st
Parameter41st Parameter is the leader in fraud
intervention, providing proven solutions to protect company brands and
customers, reduce fraud losses and make the Internet a safer place to
conduct business. Through a combination of risk management and loss
prevention experience, and leading technology coupled with human
interaction and best practices, 41st Parameter's solutions provide an
unprecedented level of detection capability, decreasing the anonymity
of the Internet and providing valuable insight to every online
transaction and customer interaction. 41st Parameter makes the process
of detecting and preventing fraud easier and more effective, reducing
both expenses and potential losses. For more information, visit
www.the41st.com
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