Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=66324ad3-15bc-407a-a237-d1e403b34959&Preview=1
Date 3/27/2008
Company Name iovation, Inc.
Mailing Address 111 SW 5th Avenue Portland, OR 97204
Company Description iovation helps online businesses prevent fraud and abusive online behavior. By focusing on the Internet-enabled device as the nexus of all online interactions, iovation captures and uses a device’s reputation to expose abusive behavior and prevent repeat offenses – even when online perpetrators take on new identities.
Proceeds Purposes “We are extremely excited about our new relationships with SAP Ventures, European Founders and Intel,” said Greg Pierson, CEO of iovation. “These companies are well established, recognized leaders in the global market. They’ve built strong business relationships in Europe and Asia and have the market expertise that supports iovation’s ambitious growth plan into these strategic markets. There is a tremendous amount of synergy between our entire team of investors and we look forward to the business opportunities these partnerships will create for iovation.”