EverC appoints new chief product officer, vice president of strategy and finance



Enter Wall Street with StreetInsider Premium. Claim your 1-week free trial here.

Leadership additions precede accelerating demand for risk management and cyber intelligence services in e-commerce

NEW YORK and TEL AVIV, Israel, October 21, 2021 (GLOBE NEWSWIRE) – EverC today announced two new executive hires – Ishai Froind as product manager and Ariel Katz as vice president of finance and strategy – as the company seeks to meet increasing demand from the e-commerce industry for risk management and cyber intelligence solutions.

The e-commerce industry is poised to grow into a $ 5.4 trillion market by 2022, according to eMarketer, and with it, criminal activity is growing exponentially. Increasingly, payment agencies are seeking to prevent criminals from posing as legitimate businesses and selling illicit goods, as well as detecting money laundering activities. Criminals are also flooding the global economy with nearly $ 1 trillion worth of dangerous, counterfeit and illicit products, taking advantage of today’s largest e-commerce markets, Fast Company reports.

“I am proud to join a company that makes the web a safer place to do business for everyone, building trust and opening up opportunities for growth,” said Froind. am delighted to join
a growing company with cutting edge technology, subject matter experts and an ever-growing list of the industry’s most impressive clients. “

Froind was previously CEO of eBay Israel and global product manager of eBay’s structured data organization. He started his job at the company headquarters in San Jose in 2007 and has successfully overseen multiple data products spanning ad and marketing technology, personalization, merchant analytics and the product catalog platform. .

Froind holds a bachelor’s degree in law and accounting from Tel Aviv University and two masters: one in commercial law from Tel Aviv University and another in business management from the Kellogg School of Management at the University of Tel Aviv. ‘Northwestern University.

During this time, Katz spent the first part of her career with the 4 big consulting firms PwC, Deloitte and KPMG in Australia, Belgium and Israel. Most of that time came with KPMG’s Deal Advisory practice in Tel Aviv, where he assisted large international investors and buyers throughout their transactions involving Israeli targets.

From there, Katz joined the new advanced-stage technology investment firm Claridge Israel, where he was involved in all aspects of its investing activities, from finding investment opportunities to doing due diligence. , execution and creation of portfolio value. Katz then joined Visa’s global business development group where he led their outreach activities in Europe. Katz has worked closely with Visa’s senior management, business owners and regional teams, as well as a large network of Fintechs, investors, advisors and other industry experts across all major Fintech hubs. Europeans, to define and execute inorganic growth strategies.

“With the accelerated shift of merchants to online channels and payments, seamless and secure integration and risk management have become critical capabilities for payment organizations to securely extend their merchant portfolio – while avoiding material fines, reputational damage and staying ahead of criminal activity, “Katz said.” With its cutting edge technology and strengthened management team, EverC will capitalize on very favorable market dynamics. with an exciting and ambitious vision. ”

EverC uses unique artificial intelligence technologies and web crawlers to extract and analyze data on the web. The company provides solutions that meet its customers’ needs for monitoring, classifying and assessing the risks businesses face when dealing with payments and commerce online.

MerchantView helps payment organizations fight money laundering and online fraud by merchants, while MarketView helps leading online commerce platforms detect illegal and counterfeit products. EverC’s clients include financial institutions, credit and clearing companies, and the world’s leading trading platforms. The company’s investors include American Express Ventures, Viola Ventures, Red Dot Capital, Arbor Ventures, Maor Investments and Joey Lowe.

The past year has been a particularly significant one for EverC, which raised $ 35 million and expanded its global presence with new employees in Israel, New York, Amsterdam, London and Kiev. The company has recruited a diverse team that includes leading industry experts in the field of online e-commerce and online payments and continues to recruit new employees and meet growing industry demand.

About EverC
EverC is a pioneer in risk management and cyber intelligence, harnessing advanced artificial intelligence, machine learning, and unique web crawlers to extrapolate and analyze data that illuminates the darkest corners of the web. The company offers unparalleled visibility into the world’s largest data source, the Internet. For more information on EverC, please visit https://www.everc.com/.

Media contact
Corbin Mihelic, CSG
[email protected]


Leave A Reply

Your email address will not be published.