CHICAGO, IL--(Marketwire - Aug 21, 2012) - Authentify, a global leader in telephone-based out-of-band (OOB) authentication, has been recognized by Inc. Magazine as # 35 in the security sector and # 1,761 overall on their sixth annual Inc. 500|5000 list, an exclusive ranking of the nation's fastest-growing private companies. The list represents the most comprehensive look at the most important segment of the economy -- America's independent entrepreneurs. This is the second year in a row that Authentify has made the Inc. 500|5000.
"We are very excited to be a part of Inc. Magazine's prestigious ranking of America's fastest growing private companies for the second year in a row," said Peter Tapling, CEO of Authentify Inc. "Authentify's continued growth is a testament to the innovative OOB authentication solutions we provide for our clients and our leadership in authentication. Our customers include some of the world's largest banks, ecommerce providers and enterprises who set high standards for authentication to help keep their online customers, employees and data safe."
Authentify introduced telephone-based OOB authentication to the market and today has the most industry experience and expertise in deploying solutions and providing services. A proven and effective countermeasure recommended by federal authorities, regulators and leading consulting firms, OOB authentication is used by banks and ecommerce providers to protect against man-in-the-browser attacks designed to steal login credentials or hijack online sessions.
Authentify's latest innovation, its 2CHK app, is an economical way for banks to put fraud monitoring tools in the hands of their customers. Using a small, convenient app on their smartphone or PC, it enables the legitimate account owner to review and approve or, more important, perhaps cancel transactions that are about to execute against their accounts.
The 2012 Inc. 500|5000 is ranked according to percentage revenue growth when comparing 2008 to 2011. To qualify, companies must have been founded and generating revenue by March 31 2008, be U.S.-based, privately held, for profit, and independent as of December 31, 2011. The minimum revenue required for 2008 is $100,000; the minimum for 2011 is $2 million.
"Now, more than ever, we depend on Inc. 500|5000 companies to spur innovation, provide jobs, and drive the economy forward. Growth companies, not large corporations, are where the action is," says Inc. Editor Eric Schurenberg.
Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region and other criteria, can be found at www.inc.com/5000.
About Inc. Magazine
Founded in 1979 and acquired in 2005 by Mansueto Ventures, Inc. is the only major brand dedicated exclusively to owners and managers of growing private companies, with the aim to deliver real solutions for today's innovative company builders. Total monthly audience reach for the brand has grown significantly from 2,000,000 in 2010 to over 6,000,000 today. Visit us online at www.inc.com.
About Authentify, Inc.
Authentify, Inc. is a leading global provider of telephone-based Out-of-Band (OOB) authentication services. With a client list that includes five of the world's top ten banks, three of the five largest ecommerce websites and two of the top four insurance companies in North America, Authentify has the most experience and expertise in deploying OOB solutions in the industry. These multi-factor authentication (MFA) services enable organizations that need strong security to quickly and cost-effectively add two-factor or multi-factor authentication layers to user logons, transaction verifications or critical changes such as adding an ACH payee, resetting passwords or changing contact information. The company's patented technology employs a service-oriented message architecture and XML API to seamlessly integrate into existing security processes. Authentify markets primarily to financial services firms that need to protect their clients' online accounts, corporate security professionals managing access control, and emerchants who want to limit fraud on their sites.
For more information, visit Authentify at: www.authentify.com.
Authentify is protected by numerous granted and pending U.S. and International patents including U.S. PATENT NOS. 6,934,858 / 7,383,572 / 7,461,258 / 7,574,733.