Los Angeles, Calif. – May 31, 2012 – TeleSign, a market leader in Internet fraud prevention, and Intelligent Authentication, today announced it has been selected as a finalist for Red Herring’s Top 100 Americas award, a prestigious list honoring the year’s most promising private technology ventures from the North American business region.
TeleSign was selected as a finalist because of their impressive suite of products that provide companies with the business intelligence needed to stop fraud and protect user accounts. Using the most widely deployed piece of technology – a user’s phone – enables businesses to improve the user experience and reduce costs associated with standard multi-factor authentication methods and fraud fighting techniques. TeleSign’s expanding portfolio of patented products ensures that customers and partners have the tools necessary to stay ahead of the dynamic fraud landscape.
The Red Herring editorial team selected the most innovative companies from a pool of hundreds from across North America. The nominees are evaluated on both quantitative and qualitative criteria, such as financial performance, technology innovation, quality of management, execution of strategy, and integration into their respective industries.
“We’re honored to be included in this list of innovative companies,” said Forrest Hobbs, VP Sales and Marketing, TeleSign. “TeleSign’s inclusion further validates the value that we continue to deliver to our customers and partners.”
“This year was very rewarding,” said Alex Vieux, publisher and Chairman of Red Herring. “There are so many great companies producing truly innovative and amazing products and technologies. We had a very difficult time narrowing the field and selecting the Finalists from such a group of future stars. TeleSign shows great promise therefore deserves to be on the short list. Now we are faced with the difficult task of selecting the Top 100 winners.”
Finalists for the 2012 edition of the Red Herring 100 Americas 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 security, Web 2.0, software, hardware, life sciences, cloud, mobile and other sectors completed their submissions to qualify for the award.
Every second, of every day, TeleSign protects the world's largest Internet and Cloud properties against fraud. TeleSign Intelligent Authentication provides an easy-to-implement and powerful method for identifying and substantially reducing online fraud and spam using the most widely deployed technology — a user’s phone. The company protects 2.5 billion downstream users in more than 200 countries, offering localization services in 87 languages. In 2011, TeleSign ranked #15 on the Deloitte Technology Fast 500™ and was named Visionary in Gartner’s User Authentication Magic Quadrant.
For more information about TeleSign, visit www.telesign.com