February 4, 2010

iovation Wins Best New Technology Award

iovation Honored for Protecting the World’s Largest Online Communities from Fraud and Abuse

PORTLAND, Ore. – February 4, 2010 – iovation, provider of the world’s first device reputation service for preventing online fraud and abuse, was presented with the award for Best New Technology at the first annual 2010 Internet Dating Awards ceremony which took place during the 7th annual Internet Dating Conference. The award recognizes iovation’s fraud protection service as the best individual technology created by a vendor for dating and matchmaking sites.

Companies were nominated for the Best New Technology award by the largest and most successful organizations in the industry. For the title of Best New Technology, iovation received 40 percent of the total votes, beating out eight other companies. Rich Orcutt, head of strategic markets for iovation, accepted the award on behalf of iovation at the ceremony which took place on January 28th in Miami, Florida.

“We are very proud to be publicly acknowledged for the role we’ve played in helping online dating and social networking sites keep their communities safe,” said Greg Pierson, chief executive officer and founder of iovation. “To be recognized as the best new technology is really an honor.”

iovation’s device reputation service is used in many industries to stop financial fraud and is increasingly used to stop unwanted behavior that damages brands and online communities.  iovation has become an integral part of the fraud detection process for many of the largest social networking sites around the world.  These sites use iovation ReputationManager™ to identify and shut down cyber criminals and prevent any unwanted behavior including account take-overs, romance scams, identify theft, inappropriate chat, spam, stalking and cyber bullying.