Quova Partners With Stefanini for Online Banking Protection in Latin America

by PR Newswire

Brazilian IT Leader and IP Intelligence Authority Team Up to Prevent Online Financial Services Fraud in 11 Countries

MOUNTAIN VIEW, Calif., July 10 /PRNewswire/ -- Quova, Inc., the authority on IP Intelligence and leading provider of Internet geolocation data and services, today announced a partnership with Stefanini IT Solutions, one of Brazil's leading IT consultants, to protect online banks in Latin America from fraud and account breaches. Stefanini is now offering Quova's patented GeoPoint(TM) service to its online financial services clients in 11 nations to help them protect themselves and their customers from phishing, pharming and other online attacks.

"The incorporation of Quova's rich geolocation data into an online banking platform enables the institution to identify geographic user access and IP anomalies that are strong fraud predictors," said Ailtom Nascimiento, head of financial services for Stefanini. "We bring the integration and consulting resources to the table, and the combination of data and expertise will help deliver a powerful protective layer against fraud for online banking operations in Latin America and elsewhere."

"With fraud attacks intensifying, online financial services companies need safe and agile security solutions to guarantee greater protection for their customers and clients, without harming the user experience," said Gary Jackson, COO of Quova. "The integration of Quova's IP Intelligence will help Stefanini deliver those solutions to the principal financial institutions in countries such as Brazil, Argentina, Mexico, Peru, Colombia and Venezuela. We are pleased to be establishing such a strong presence in this rapidly-growing market."

About Stefanini

Founded in 1987 and headquartered in Sao Paolo, Stefanini IT Solutions is one of the leading IT consultants in Brazil. With a staff of 3200 consultants, Stefanini serves 420 active clients through 31 offices in 11 nations -- Argentina, Brazil, Chile, Colombia, Peru, Venezuela, Mexico, the US, Spain, Portugal and Italy. Stefanini's partners include Microsoft, Oracle, Intel, Cisco, IBM, SAP, Sun Microsystems and Computer Associates. For more information, visit http://www.stefanini.com.br/.

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.

NOTE: Quova, the Quova logo and GeoPoint are registered service marks and/or trademarks of Quova, Inc.

Source: Quova, Inc.

CONTACT: Mike Gaynes of Quova, Inc., +1-650-528-3700, or mgaynes@quova.com; Patricia Toddai of DFREIRE Comunicacao e Negocio, patricia@dfreire.com.br

Web site: http://www.quova.com/