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Iovation Pulls In New Venture Capital Round

Friday, March 28, 2008 5:57:00 AM PDT | VentureDeal Staff

PORTLAND, OR -- Online security company iovation, Inc. announced that it has received $15 million in new investment.

Iovation helps enterprises detect fraud and abusive behavior by focusing on and monitoring Internet-enabled devices at the network edge.

The round was led by SAP Ventures and the European Founders Fund.  Iovation intends to use the funding and strategic relationships to expand its marketing efforts to Europe and Asia.

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