business growth

NuData Security Achieves Significant Milestones, Furthers Commitment to Providing Unparalleled Online Fraud Detection

September 9, 2015 — NuData Security Achieves Significant Milestones, Furthers Commitment to Providing Unparalleled Online Fraud Detection

NuData Security announces a revenue increase of 700 percent, expansion into European operations and increased behavior transaction processing to detect online fraud contribute to continued growth.

Highlights from NuData Security’s growth from H1 2014 to H1 2015 include:

  • Revenue has increased nearly 700 percent. Additional growth highlights include:
    • 62 percent increase in employee base
    • 47 percent office space growth
    • 105 percent growth in R&D expenditures
  • NuData Security’s online fraud detection solution, NuDetect, is currently in use with four of the top 10 ecommerce companies.
  • In 2014, the company’s intelligence network analyzed 18 billion behavioral events and transactions; researchers are on track to a total of 38 billion in 2015 – an increase of more than 110 percent.
  • Geographic expansion with European operations added in the U.K.

Recent accolades:

  • Finalist, Ernst and Young Entrepreneur of the Year, 2015
  • Inclusion in five Gartner Fraud Detection and Identity Hype Cycle Reports
  • Winner, Excellence in Predicting and Preventing Online Fraud, FinTech Excellence Awards, 2015
  • Gold Winner, Security Products and Solutions for Online and E-commerce, Infosecurity Products Guide Global Excellence Awards, 2015
  • Bronze Winner, Fraud Prevention, Infosecurity Products Guide Global Excellence Awards, 2015

Read the full release at PR Newswire here.