Snapcentric Ltd. (now Verisign Israel)

www.snapcentric.com

High-Tech Company

Acquired by VeriSign Inc.

TECH VERTICALS

Cyber Security, Enterprise Applications

General Data

Sector	Enterprise Software & Infrastructure
Company Stage:	R&D
Established	2004
Number of Employees	10

DESCRIPTION

Snapcentric was focused on providing innovative software in the constant battle against online fraud and application misuse. The company's solutions provided advanced transaction anomaly detection, offering a real-time server side solution for Phishing, Pharming and other online transaction fraud and misuse detection.

TECHNOLOGY

The Snapcentric platform was based on a highly scalable real-time data management engine with multiple correlation technologies for accurate transaction anomaly detection.

The system maintains live user and transaction behavioral models based on advanced research in autonomous multivariate outlier detection. The models are constantly updated with live transaction information, and compared against known and learned anomalous patterns.

Snapcentric applications were offered as both software and appliance based solutions. Clustered versions are available for high availability requirements and failover and secure information storage is standard on all versions.
The system is developed on the JAVA platform, and supports Unix, Linux and Windows operating system environments.

Technology benefits include:
Real-time platform
JAVA based with support for multiple operating system environments
High availability
Clustering
Performance: Millions of transactions/minute (based on hardware configuration).

	TARGET MARKETS
	Banks, Financial Institutions.

	BUSINESS MODEL
	B2B

REMARKS

Date	Remark
10/02/2006	Verisign Inc. acquired Snapcentric and turned it into its R&D Center.

CONTACT INFO

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Main Address: Kfar Saba, Israel

Address	8 Hacharoshet St.
POB	2129
City	Kfar Saba
Country	Israel
Zip	44425

Contact Person	abC Defghij
Contact E-Mail	abC Defghij
Company E-mail	abC Defghij
Telephone	abC Defghij
Fax	abC Defghij

Branch Address: San Mateo, United States

Address	1855 South Grant St., 5th Floor
City	San Mateo
State/Province	CA
Country	United States
Zip	94402

Contact Person	abC Defghij
Contact E-Mail	abC Defghij
Company E-mail	abC Defghij
Telephone	abC Defghij
Fax	abC Defghij

	MANAGEMENT

Key Executive

Name	Title	Previous Position
Mr. Jed Putterman	CEO & CTO, Co-Founder
Mr. Yair Cohen	Co-Founder
Mr. Oren Gross	Co-Founder	Cloud Engines (General Manager Israel & VP, R&D)

Mergers & Acquisitions

Round

Date

Stage

Amount

Valuation

Acquired

Feb. 10, 2006

abCDe

	FINANCIAL ROUNDS

Total Capital Raised
abCDe

Financial Rounds

Numbers of Investors

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Round

Date

Stage

Amount

Valuation

First Round

Dec. 01, 2005

R&D

abCDe

Seed

Jun. 01, 2004

Seed

abCDe

Last Updated:	abCDe
IVC Number:	abCDe