SAN JOSE, CA--(Marketwire - Aug 28, 2012) - 41st Parameter, the global leader in fraud detection and prevention, today announced its ranking at No. 41 on Inc. magazine's 2012 Inc. 500|5000 among security companies. The company sits at No. 2159 overall, putting 41st Parameter in the nation's top 50 percentile in Inc. 5000's exclusive ranking of the nation's fastest-growing private companies.
41st Parameter's methodology and patented technology are responsible for dramatic reductions in fraud losses and attack rates at some of the world's largest financial institutions (including 4 of the top global banks), e-commerce sites (including 120 of the most recognized merchants) and travel services (including four of the top global airlines). In 2011, 41st Parameter expanded its global operations and doubled its engineering team to accommodate new innovation and scale to meet expanding international demand. Key areas of focus for 2012 include fighting malware and man-in-the-browser attacks, enhancing mobile fraud detection and prevention strategies and helping attain FFIEC compliance.
"We're thrilled to be a part of this year's Inc. 500|5000, as we've experienced tremendous growth in the last year alone. With a new office in San Jose, new executives on board and a fresh round of funding this past June, this honor is a validation of the tremendous work in the last year," says Alan Naumann, CEO of 41st Parameter. "We're continuing to advance our technology to identify and stop fraud on a global scale."
A complete listing of the Inc. 5000 can be found at www.inc.com/5000.
About 41st Parameter
In a world where people are increasingly reliant on a variety of Internet-connected devices for everything from banking to shopping to entertainment and media, creating relevant customer experiences and preventing online fraud are constant business challenges. 41st Parameter, the global leader in device recognition and intelligence, combines patented technologies and years of expertise to identify devices without cookies, without compromising privacy and without impacting performance. AdTruth, the digital media division, gives marketers a better way to recognize and reach their most valuable audiences across all types of devices. The company's FraudNet platform protects businesses from fraud before it happens. These privacy compliant solutions help keep the Internet more secure and relevant for everyone.