RED HERRING -- Mar 27 -- Fraud protection service firm Iovation capped
a $15m funding round with a $5m investment from SAP Ventures and
European Founders. The initial $10m investment was made by Intel
Capital. iovation markets a hosted service which tracks and identifies
the devices used by people to commit online fraud on commercial sites
or to harass users of social networking and dating sites. The company
also creates a database of suspect devices gleaned from each of its
customers which is then shared among all of Iovation's customers. FULL ARTICLE @ RED HERRING
Mark Brooks: Wow! This is one of the biggest votes of confidence I've ever seen. I'm proud to have iovation as a client (of Courtland Brooks), and a sponsor of Online Personals Watch and Social Networking Watch. If you would like to wipe out scamming activity on your dating or social networking site, iovation is the way to go. You can email me at mark@courtlandbrooks.com to schedule a 45 minute introductory demo of iovation's dating and SNS products.
This post also appears on SocialNetworkingWatch.
