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Boost your Bottom Line Profit with 41st Parameter Software Customer Email List In a world where people are increasingly reliant on a variety of internet-connected devices for everything from banking to booking travel to shopping, preventing online fraud and creating friction-free customer experiences are constant and complex business challenges.
41st Parameter plans to strengthen Experience’s global web fraud detection and risk-based identity practices, which is a huge concern for customers all over the world, especially in Internet transactions.
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Adding to the complexity, the mobile channel is growing at an unprecedented rate. While this is good news for businesses and consumers alike, the anonymity and privacy regulations associated with mobile devices can make accurate fraud prevention and detection extremely difficult. This year, the company is undergoing a major expansion as it moved into a new 35,000-square-foot Scottsdale office in March that is 75 percent larger than its last.
“Think of us as digital pixie dust,” said Eisen, who is now 41st Parameter’s chief innovation officer. “I started this company because I saw where the (stolen) money is going. Bad things happen where the money goes. Maricopa County is one of the top spots for identity theft, and we would love to turn the Valley into a solution” for this growing problem.
41st Parameter was venture backed by Kleiner, Perkins, Caufield, Byers, Georgian Partners, Northwest Venture Partners, and Jafco Ventures, among others. According to Kleiner, Perkins, Caufield & Byers site, “The aggregate purchase price for all outstanding stock, stock options and warrants of 41st Parameter is US $324m, of which US $14m is subject to limited, two-year earn-out provisions, and will be funded from Experience’s existing cash resources. The transaction is subject to customary closing conditions.”
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