NuData Security

regtechauthentication and fraud prevention

STATUS: Acquired/Merged
FOUNDING YEAR: 2008
LOCATION: United Kingdom
Last Update: 01/05/2020

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About

NuData Security verifies online users through real-time behavioral analytics, identifying good users from bad. It tracks over 38 billion behaviors annually, by utilizing behavioral and biometric analysis and provides its clients with the ability to predict fraud and verify the user behind the device. It uses a cloud network of metadata, such as reputation data and history, to track behavior on billions of IP addresses, device fingerprints, and data linkages. This allows clients to predict fraud before a critical decision, reduce customer insult, and investigate bad actors efficiently. Their cloud-based security solution has also won many awards at different industry events. Ex.: best antifraud solution at CNP Expo (2016), winners of Merchant Risk Council METAward (2016), Recognized as sample vendor in 5 Gartner Hype Cycle Reports.

Focus

PRODUCTS & SERVICES

NuDetect - Utilizes integrated fraud technologies and provides device, behavior and biometric verification coupled with anomaly detection across web and mobile applications.

REVENUE MODEL

Clients sign up for annual subscriptions, pay based on the volume of transactions processed.

MAIN CLIENTS

Banking and e-commerce players.

EXISTING PARTNERSHIPS

National Anti-Organized Retail Crime Association (a US-based organization with over 3,000 members around the world) - to promote NuDetect platform.

COMMENT

NuData has quickly moved from a startup to an established player in providing behavior analytics-based online fraud prevention. They have also expanded geographically from the US and Canada to Europe (U.K) in 2015.

Traction

REVENUE COMMENT:

Revenue is estimated to be ~$10Mn+ for 2015. They had reported a revenue increase of nearly 700 percent in 2015.

NUMBER OF TRANSACTIONS:

38 B

TRANSACTIONS COMMENT:

Increased the total behavioral events tracked from 18 billion in 2014 to 38 billion in 2015 (110% increase)

People

FOUNDERS

Michel Giasson

Christopher Bailey

NUMBER OF EMPLOYEES

51-200

KEY EMPLOYEES:

Michel Giasson (CEO); Christopher Bailey (CTO); Jules Campeau (CRO)

Curtis Sikorsky (CFO)

Ryan Wilk (Vice President of Customer Success)

Robert Capps (Vice President of Business Development)

Michel Giasson (CEO)

Christopher Bailey (CTO)

COMMENT:

The company has plans to double their existing staff in 2016. Reported to hire 22-25 new employees in 2016.

Momentum

FUNDED

NO

LISTED

NO

COMMENT

The company has reported (in Jan 2016) that they could seek VC funding to support its expansion goals.

BASICS

STATUS:

Acquired/Merged

FOUNDING YEAR:

2008

LOCATION:

United Kingdom

Views:

79 VISITORS | 122 VIEWS
TOTAL EMPLOYEES
51-200

About

NuData Security verifies online users through real-time behavioral analytics, identifying good users from bad. It tracks over 38 billion behaviors annually, by utilizing behavioral and biometric analysis and provides its clients with the ability to predict fraud and verify the user behind the device. It uses a cloud network of metadata, such as reputation data and history, to track behavior on billions of IP addresses, device fingerprints, and data linkages. This allows clients to predict fraud before a critical decision, reduce customer insult, and investigate bad actors efficiently. Their cloud-based security solution has also won many awards at different industry events. Ex.: best antifraud solution at CNP Expo (2016), winners of Merchant Risk Council METAward (2016), Recognized as sample vendor in 5 Gartner Hype Cycle Reports.

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Momentum+
Traction+
People+
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