Pindrop Security Names New VP Of Global Sales

PRESS RELEASE

ATLANTA – June 25, 2013 – Pindrop Security, the pioneer in phone anti-fraud and authentication that provides the most accurate and comprehensive phone fraud detection solution by analyzing the audio content of a phone call to determine deception attempts, announced today the addition of Michael Hughes as Vice President of Global Sales and Business Development. The addition of Hughes will enable Pindrop to strategically support its rapid sales growth.

"Michael's career has been about finding solutions for large enterprises to deal with fraud," said Pindrop CEO Vijay Balasubramaniyan. "Phone-based social engineering and account takeover are a complex and growing challenge. With our technology able to provide the first real solution to address this problem, we are excited to have Michael's experience and leadership in working with our enterprise customers and strategic partners."

Michael joins Pindrop Security from Actimize that was acquired by NICE in 2007. At Actimize, Michael was Vice President of North America Sales, managing the sales and account management teams for all large banks and capital markets. He has 25 years of experience in technology sales with a strong focus on fraud and risk management solutions at HNC Software, SAS, ID Analytics, and BasePoint Analytics/CoreLogic. Hughes started his career in banking and credit cards where he managed credit risk, fraud strategy and analytics. Hughes earned a B.S. in Management Science and Operations Research from Philadelphia University. At Pindrop, Michael will be responsible for sales and channel partners worldwide.

"During my career, I've helped bring market-changing fraud solutions to the industry. I'm honored to join the team at Pindrop Security to again deliver a market-leading fraud solution. Pindrop arrives at a time when the industry is in dire need of solutions that can reliably and accurately verify a caller and detect attacks. I'm excited to work with companies around the globe to solve these business challenges," said Hughes.

About Pindrop Security

Pindrop Security provides solutions to protect enterprise call centers and phone users. Pindrop's solution combines authentication and anti-fraud detection technology to verify legitimate callers while detecting malicious callers. Pindrop's unique Acoustic Fingerprinting&trade technology is the first of its kind to analyze and fingerprint individual phone calls, providing the caller's true location and calling device and matching them to Pindrop's CallDNA&trade fraud database. Named SC Magazine 2013 Rookie Security Company of the Year, a Gartner "Cool Vendor" in Enterprise Unified Communications and Network Services for 2012 and one of the 10 Most Innovative Companies at the 2012 RSA conference, Pindrop Security's solutions restore enterprises' confidence in the security of phone-based transactions.