Covelight to Provide Quova GeoPoint Adapter to Inflight Intelligence Engine
Offering Delivers Transparent, Network-Based Data Capture with Proven Geolocation Authentication for Seamless, Strong Enterprise Protection
MOUNTAIN VIEW, CA and CARY, NC — November 28, 2006 —
Covelight Systems, the innovator of real-time, application-independent online management solutions, today announced a partnership with Quova, Inc., the authority on IP Intelligence and leading provider of Internet geolocation data and services, to deliver a seamless platform for online user transaction data and enhanced authentication capabilities for financial services enterprises. Quova’s GeoPoint™ service has been integrated with Covelight’s Inflight Intelligence Engine™ (IIE) to provide an option to customers for authentication based on a user’s geographic location.
The partnership gives Inflight™ users the option of using Quova’s proprietary mapping of the complete worldwide population of IP addresses on the Internet as an additional layer of risk management and protection against online fraud.
"Our partnership with Quova was forged out of our enterprise customers requesting Quova’s GeoPoint solution as our embedded source of geo-intelligence data in our Inflight Intelligence Engine," says Spencer Snedecor, CEO of Covelight Systems. "We will continue to deliver world class solutions to meet our customers’ requirements. We look forward to the addition of Quova GeoPoint into our solution to deliver the IP Intelligence that will power fraud prevention and regulatory compliance for financial services enterprises."
Inflight™ delivers the industry’s first and only online monitoring product family specifically designed to feed actionable, real-time data to fraud management systems, without requiring any integration with the online application. Inflight is built on Covelight’s new Capture-Transform-Feed (CTF) architecture, which was developed in conjunction with one of the world’s largest financial institutions to ensure it meets regulatory requirements and delivers the performance needed in extremely high-volume environments.
"Covelight is a leader in delivering innovative solutions for online monitoring, and we’re delighted to be partnering with them," said Gary Jackson, COO of Quova. "Integrating GeoPoint into Inflight will produce exactly the kind of business solution that online banking enterprises need in a demanding environment of rising fraud and strict regulatory enforcement."
Inflight delivers detailed web channel data to backend systems in real-time, for uses including Fraud, Security Information and Event Management (SIEM), Web Analytics, Marketing Automation, and Business Intelligence (BI). With real-time, actionable intelligence, businesses can make faster decisions and enhance their business processes to deliver better services and offerings to their customers.
Authentication relying on IP geolocation is fast, easy to implement, and completely transparent to the customer. By integrating GeoPoint with Inflight, users receive the most accurate, identity-based security solution, delivering value across the enterprise.
About Quova, Inc.
Founded in 2000, Quova, Inc. is the leading provider of IP Intelligence and Internet geolocation services to online businesses, including five of the world’s six largest global Internet companies. Quova’s patented technology provides the geographic location and connection data of website visitors in real time, enabling thousands of enterprises worldwide to detect fraud, manage digital rights, target content, conduct site analysis and ensure regulatory compliance. Quova’s customers and partners include such industry leaders as Major League Baseball Advanced Media, BBC, Bell Canada, Cisco Systems, Coremetrics, Corillian, Globo, Bankinter, Times Online and Sky Sports. A privately held company with investments from Mobius Venture Capital, IDG Ventures, Nexus Group and Schoffstall Ventures, Quova is headquartered in Mountain View, California (T: 650.528.3700) with European headquarters in Amsterdam, The Netherlands (T: 31.20.888.45.30). Visit Quova online at www.quova.com.
About Covelight Systems
Covelight Systems’ Inflight Solution provides Web-channel data at wire speed to backend analytic engines for a variety of enterprise uses. Covelight’s products provide real-time, identity-based monitoring of critical online applications. Only by deploying Covelight solutions can organizations protect their business from Fraud and also grow their business by taking action upon their users online transactions. For more information, go to www.covelight.com or call at (919) 677-9680.
