ATLANTA, GA--(Marketwire - March 12, 2008) - After two years of establishing itself as a
trusted provider of e-commerce security, ControlScan (
www.ControlScan.com)
is bringing on new management to take the company to the next level.
The path to ControlScan's upward climb started several years ago when
Richard Stanton, then a successful online seller of consumer electronics,
was hacked. While Stanton went through a laborious process to recover from
this setback, he saw a unique opportunity to help smaller e-commerce
businesses such as his -- and in 2005 founded ControlScan.
Now the company has brought on Joan Herbig as CEO, a seasoned executive
with more than 20 years experience growing technology firms.
Herbig comes to ControlScan from software maker Cambia Security, which was
acquired by nCircle Network Security in 2007. She also had a successful
stint as CEO of XcelleNet, where her efforts led to its acquisition by
Sybase in 2004. In addition, she's been recognized by her industry peers as
a leading executive, being named "Woman of the Year in Technology" in 2001
by the Technology Association of Georgia and now serves as its Chairman of
the Board.
The new CEO arrives at ControlScan in the wake of several highly-publicized
data breaches affecting e-commerce merchants. She also comes on board as
guidelines are being enforced by the Payment Card Industry (PCI), a
consortium of creditors from Visa to MasterCard focused on compliance rules
concerning how merchants store and transmit customer data. ControlScan
helps guide smaller e-businesses through the PCI process, as well as
provides cutting-edge security services to give their customers a safe
place to shop.
"I was attracted to the company by Richard's vision of helping smaller
e-merchants navigate these shifting sands," says Herbig. "I also like the
fact that ControlScan has the potential to serve a very large market, and
that our core offering is mandated by the credit card industry."
An Emerging Market Leader
ControlScan (
www.ControlScan.com) is positioning itself as a market leader
in the emerging PCI compliance market, especially with smaller e-businesses
-- which are often the easiest to hack.
Through its Verified Secure products, ControlScan provides vulnerability
scans and assessments, security and business certification seals, online
chat, search engine submissions and other services that help e-businesses
secure their Websites, market their services and show consumers they can
purchase with confidence.
But what good is saying you can help protect smaller e-businesses and their
shoppers if you can't back it up? ControlScan recently launched an industry
first -- Verified Secure Breach Protection. As an added bonus, ControlScan
will help Verified Secure package customers cover expenses associated with
a suspected or actual breach -- up to $25,000. And that's with no
deductible!
"I'm not much of a technical whiz and it seemed like I needed a computer
science degree to operate the other services I used," says Todd Harmon,
owner of WaterGifts.com, an online seller of indoor fountains and
waterfalls. "I was shocked at the difference it made using ControlScan's
services. Its technical support clears up issues in minutes, and my
customers were comfortable shopping with me when they saw the name.
ControlScan has given me the peace of mind to forget about security and
focus on selling indoor water fountains."
Favorable market trends
Several market factors are working in ControlScan's favor as it prepares
for growth:
-- Consumers are flocking to the Internet to buy goods and services.
Research firm Forrester predicts U.S. consumers in 2008 will spend $204
billion online, an increase of 17 percent from 2007. By 2012, Forrester
expects consumers to spend $335 billion.
-- Increasing security threats. According to research firm Ponemon
Institute, 40 percent of respondents in a 2007 study said they were
breached by third-party organizations, up from 29 percent in 2006. Costs
associated with those breaches have also gone up. In 2007, companies
shelled out on average $197 per compromised record, up from $182 in 2006,
and spent 8 percent more on legal services and public relations to contain
the effects of breaches.
About ControlScan
Atlanta-based ControlScan, which is financially backed by Total Technology
Ventures, provides security and Payment Card Industry (PCI) compliance
services to smaller-sized e-commerce businesses. The company's Verified
Secure products make it easy and cost-effective for merchants to protect
their infrastructure and help keep their websites safe so shoppers can
purchase with confidence. Verified Secure is the security solution of
choice for smaller e-businesses because it offers technologies that fit
their specific needs, a personal level of service and the best value. For
more information, visit
www.ControlScan.com or call 1-800-825-3301.
Contact Information: Contacts:
ControlScan, Inc.
Heather Varian Foster
678-279-2644