VentureWire Names Silver Tail Systems to FASTech 50 List of Most Innovative Technology Startups
Silver Tail Systems Recognized by Dow Jones for Its Revolutionary Approach to Fraud Detection and Prevention
(firmenpresse) - MENLO PARK, CA -- (Marketwire) -- 09/12/11 -- , the leading provider of predictive analytics for detection and prevention of fraud and abuse, has been named to VentureWire's FASTech 50 list of the most innovative technology start-ups. The editors of Dow Jones VentureWire and a board of leading venture capitalists selected Silver Tail Systems from a pool of hundreds of start-ups in the Dow Jones VentureSource database, and over 2,000 nominations on Twitter.
"We are honored to be recognized for this well-respected achievement amongst other innovative Silicon Valley companies," said Timothy Eades, CEO of Silver Tail Systems. "Cyberattacks continue to cost companies millions in lost revenue, brand erosion and trust. We are taking an innovative approach to online fraud prevention, and our continued achievements and accelerated growth are a testament to the value we deliver to some of the world's largest financial, e-commerce and government institutions."
The VentureWire FASTech 50 is an annual list of the most investment-worthy technology start-ups as selected by a board of leading venture capitalists and the editors of Dow Jones VentureWire. This year's theme was innovation, and those recognized deliver products that break from conventional methods, introduce a novel technology or have markedly advanced their existing product or service.
"Venture capitalists are always searching for start-ups that are developing truly original technology with the potential to transform the marketplace," said Scott Austin, editor of Dow Jones VentureWire. "The FASTech 50 cuts through the clutter of me-too start-ups to highlight companies developing the most innovative and investment-worthy technologies."
The recent Series B funding in the amount of approximately $20 million, led by leading Silicon Valley investor , along with existing investors , , and , has enabled Silver Tail Systems to expand research, development, sales and marketing to better protect organizations from today's sophisticated cybercriminals. Silver Tail Systems products use a new generation of behavior detection to monitor more than 750 million users across online banks, payment providers, e-commerce sites, governmental organizations and many others.
The FASTech Conference on November 8-9, 2011 in Redwood City, CA will honor the FASTech winners, and Silver Tail Systems CEO Timothy Eades will also present at the event. To learn more, visit .
Silver Tail Systems is the leading provider of predictive analytics for detection and prevention of fraud and abuse to some of the leading websites in the world. The company offers the industry's most comprehensive suite of fraud detection and mitigation solutions. Serving some of the world's largest financial institutions and e-commerce companies, Silver Tail Systems' award-winning solutions are made possible by the unmatched expertise of its management and technology teams, who bring deep experience, know-how and personal commitment to protect their customers' businesses against online fraud. For more information, visit Silver Tail Systems at .
Dow Jones VentureWire FASTech, November 8-9 in Redwood City, Calif., will assess the dynamics driving innovation and success in the technology industry through exclusive interviews, analysis driven by Dow Jones editors and presentations from the most investment-worthy start-ups pre-screened by leading venture capitalists. To register, visit .
Liz Kuzma
Voce Communications
408-239-9163
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Datum: 12.09.2011 - 12:30 Uhr
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