News

Simility Expands Leadership Team to Accelerate Global Market Expansion
Jayan Tharayil
February 21, 2018
Company appoints Eric Newman as Vice President of Business Development

PALO ALTO, Calif. – February 21, 2018 – Simility, provider of a machine-learning powered adaptive fraud prevention solution, today introduced Eric Newman as Vice President of Business Development. In his role, Newman will lead efforts to expand Simility’s market presence through business and technical relationships and initiatives, including global OEM and embedded partnerships. The addition of Newman comes as Simility looks to meet industry demand and accelerate global market expansion, traction and revenue growth.

“Simility represents an inflection point in the ongoing battle against fraud with a simple solution to a huge problem that the technology ecosystem has, until now, been unable to solve,” said Eric Newman, VP Business Development, Simility. “I’m excited to join this dynamic and growing Silicon Valley company that is providing the right technology at the right time with the right people.”

Eric Newman has a rich history of business development success in the fraud and cybersecurity industries. Prior to Simility, he served in several executive positions including VP Business Development at RiskIQ; VP Sales and Business Development, New Markets at Pindrop Security; COO Fraud and Risk Intelligence at RSA; and VP Business Development at Silver Tail Systems, among others. In those roles, Newman developed and executed a wide range of strategies to establish market presence and increase revenues and profitability.

“Simility is made up of a world-class team that is delivering on the promise of fraud detection and prevention,” said Rahul Pangam, co-founder & CEO, Simility. “Eric Newman’s strong business acumen and deep security background will be key to our ongoing success as the company continues to expand and deliver our fraud solution to organizations globally.”

Founded in 2014, Simility helps companies prevent fraud and abuse in real time with machine learning, big data analytics and data visualization capabilities. For more information, please visit simility.com.

About Simility

Simility provides a cloud-based and on-premise fraud detection software solution that combines the power of machine learning and human analysis. Simility’s highly scalable platform protects enterprise clients and SMBs from the most sophisticated types of fraud, and empowers fraud analysts to quickly adapt to fraudsters’ evolving tactics—without having to write code. Built “by fraud fighters for fraud fighters,” the founding team’s combined 27 years of fighting fraud at Google puts them in a uniquely qualified class of fraud detection and prevention experts. Founded in 2014 and headquartered in Palo Alto, Calif., Simility is backed by Accel Partners, Trinity Ventures, and The Valley Fund. For more information, visit simility.com or follow @Simility.

Media Contact: 
Noe Sacoco for Simility
(408) 340-8130 
noe@lmgpr.com

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