Trusteer is a Finalist for the 2010 Red Herring 100 Europe Award
The Red Herring editorial team selected the most innovative companies from a pool of hundreds from across Europe. The nominees are evaluated on both quantitative and qualitative criteria, such as financial performance, technology innovation, quality of management, execution of strategy, and integration into their respective industries.
This unique assessment of potential is complemented by a review of the actual track record and standing of a company, which allows Red Herring to see past the "buzz" and make the list an invaluable instrument for discovering and advocating the greatest business opportunities in the industry.
"This year was especially difficult," said Alex Vieux, publisher and CEO of Red Herring. "Despite the global economic situation, there were many great companies producing really innovative and amazing products that we had a difficult time narrowing the pool and selecting the finalists. Trusteer shows great promise therefore deserves to be among the Finalists. Now we're faced with the difficult task of selecting the Top 100 winners of Red Herring Europe award. We know that this year's crop will grow into some amazing companies that are sure to go far."
"Being selected as a finalist from the hundreds of submissions to the Red Herring Europe awards is a great testament to our technological innovation, management strength, customer acquisition, and financial health", said Mickey Boodaei, CEO of Trusteer. "Our Rapport secure browsing service goes above and beyond what traditional security products can accomplish. Rapport secures Web sessions from start to finish and is specifically designed to block financial malware on a machine from hijacking Web browser sessions and transactions, stealing sensitive data such as account credentials and using them to commit online fraud. It creates a vault around data entered and presented in the browser, maintains a tunnel for safe communication with the destination Web site and prevents redirection to lookalike Web sites. There are over 6.5 million website users who as a result of using Rapport have seen a dramatic reduction in fraud and improved confidence in Web banking. Rapport also provides comprehensive fraud fighting intelligence to the financial institutions who use our technology."
The Finalists are invited to present their winning strategies at the Red Herring Europe Conference in Paris, May 25-27, 2010. The Top 100 winners will be announced at a special awards ceremony on May 27 at the event.
Trusteer, the world's leading provider of secure browsing services, helps prevent financial malware attacks through its Rapport and Flashlight services. Trusteer Rapport enables banks and online businesses to protect sensitive data such as account credentials from malware by locking down the browser and creating a tunnel for safe communication between them. It also prevents phishing by validating site authenticity. Trusteer Flashlight allows remote, effective, and instant investigation of malwarerelated fraud incidents. Trusteer's solutions are used by more than 60 leading financial organizations in North America and Europe and by more than 6 million customers. Trusteer is a privately held corporation led by former executives from RSA Security, Imperva, and Juniper. For more information visit www.trusteer.com.