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PORTLAND, Ore. – May 20, 2013 – iovation, protecting business across the globe from Internet fraud and identifying good online customers with its device reputation technology, today announced that its Chief Financial Officer, Doug Shafer, has been named CFO of the year by the Portland Business Journal. Shafer was recognized for iovation’s company performance as well as community involvement over the past year. The award is given each year to professionals in Oregon and Southwest Washington who have excelled in their roles as financial executives.

“This recognition is an honor personally, but even more importantly it is further proof that iovation’s device reputation technology is providing value to our partnering companies in identifying fraud and helping validate their good customers,” said Shafer. “It’s an exciting time here at iovation where we are experiencing growth at a record pace.”

Shafer has been iovation’s CFO since 2008 and has had a tremendous impact on the company’s recent revenue and employee growth. More than just a typical CFO, Shafer concentrates on strategically identifying areas for revenue growth and aligning those decisions with the company’s ability to scale the organization. Prior to iovation, Shafer served in executive roles at high-profile companies including Tektronix and Unicru. Shafer also devotes time to a number of non-profits including the United Way and SMART.

The Portland Business Journal honored Shafer in a ceremony held at the Governor Hotel in Portland, Oregon on May 16.

About iovation

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.

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