PORTLAND, Ore — June 18, 2015 — iovation, preventing fraud, identifying trustworthy customers and authenticating devices online and on mobile, today announced it has been recognized as one of the 100 fastest growing private companies in Oregon and southwest Washington. For the fifth consecutive year, the Portland Business Journal selected the company because it had one of the highest revenue growth percentages for private businesses in the region over the past three years. The company received the award during a special ceremony on June 17, 2015 at the Hilton Portland and Executive Tower in Portland, Oregon.
“This has been a year of considerable growth at iovation, where we’ve launched a host of new services, secured an industry-leading customer satisfaction rating and significantly increased our roster of clients across all industries,” said iovation CEO and Founder Greg Pierson. “Reflecting on this time three years ago, it’s quite amazing where we’ve been and where we’re going. I’m proud to receive this award because it validates the amazing growth we’ve all experienced at iovation.”
Over the past three years, iovation’s revenue has grown by 85 percent. In just the last year alone, its client base has expanded by 25 percent, with the most dramatic increases coming in financial services, gaming, retail and insurance. Also in the past year, iovation has significantly grown the number of clients using its trust service, which leverages positive reputation to allow clients to offer their trusted customers the best marketing promotions and high-end offers.
Within the past year, iovation developed new business partnerships and expanded upon existing ones. Callcredit Information Group built upon its relationship with iovation, enabling it to launch a new service powered by iovation’s risk solution. Canadian-based nTrust partnered with iovation to protect its users’ online and mobile money transfers. Equifax signed an agreement with iovation to distribute its fraud prevention services to Central America.
iovation has also brought new fraud prevention services to market since last year that leverage its insight into the behavior of more than 2.5 billion Internet-connected devices. The company launched a device-based authentication solution, which uses a customer’s devices as a frictionless second factor of authentication. iovation also made major updates to its mobile software development kit (SDK). This solution protects against mobile traffic coming from the Web or native or hybrid apps, identifies jailbroken iOS and rooted Android devices, detects transactions that originate from virtual machines or emulators, and discovers mismatches of geolocation data.
iovation, a TransUnion company, was founded with a simple guiding mission: to make the Internet a safer place for people to conduct business. Since 2004, the company has been delivering against that goal, helping brands protect and engage their customers, and keeping them secure in the complex digital world. Armed with the world’s largest and most precise database of reputation insights and cryptographically secure multi-factor authentication methods, iovation safeguards tens of millions of digital transactions each day.