Scott Waddell Named Vice President of Technology at iovation

Security Veteran Keeps Fraudsters at Bay with Advanced Reputation Service Offerings

PORTLAND, Ore.--(BUSINESS WIRE)--iovation, provider of the world’s first device reputation service for preventing online fraud and abuse, today announced Scott Waddell as the company’s vice president of technology. Waddell brings nearly two decades of technology and security experience and will assume responsibility for iovation’s technology organization, including reputation technology data services, product development, architecture, information technology and quality assurance.

“We have an incredible fraud protection service and strong financial and operational accountability, which position us well for continued growth in 2010 and beyond.”

“Everyone on our executive team and board of directors agrees that Scott is the right person for this position,” said Greg Pierson, CEO of iovation. “We are lucky to have someone so committed, extremely knowledgeable and already familiar with what we do to help strengthen our core technologies while building new services that leverage our unique knowledge of the reputation of hundreds of millions of computers and other Internet devices.”

Waddell joined iovation as the director of research and development in April 2008, coming from Cisco, where he held a number of engineering, network security and research roles. He previously co-founded WheelGroup, a network security company that was later acquired by Cisco, and served as a charter member of the Air Force Information Warfare Center, pioneering tools and techniques for automated vulnerability assessment and incident response.

"I'm honored to take on the role of VP of technology. I've learned a great deal working with iovation and its customers, and I'm excited about the opportunities ahead for the business," said Waddell. "We have an incredible fraud protection service and strong financial and operational accountability, which position us well for continued growth in 2010 and beyond."

Scott holds a Bachelor of Science in Electrical Engineering from Yale University and a Master of Science in Electrical Engineering from Purdue University and is co-inventor on four U.S. patents.

About iovation

iovation, headquartered in Portland, Oregon, pioneered the use of device reputation to stop online fraud and abuse. Using its proven device recognition technology, sophisticated pattern matching, and device-based risk scoring, iovation delivers an innovative approach to fraud protection. Over the last five years, iovation has responded to billions of device reputation queries from merchants in multiple industries. The result is the world’s largest database of devices used in online fraud and abuse. iovation’s unmatched experience in device intelligence gives its customers the confidence they need to protect their good customers and keep the bad ones out. For more information, visit www.iovation.com.

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