Socure Appoints Tom Thimot as its New CEO (April 25, 2018)

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A press release dated April 25, 2018 from Socure, a provider of predictive analytics for digital identity verification, announcing that Tom Thimot has joined the company as Chief Executive Officer. Sunil Madhu, described as founder and original CEO, will become Chief Strategy Officer and focus on platform innovation. The release says Thimot joins from Clarity Insights, where as CEO he built the company, and lists earlier roles at Kazeon, GoRemote, Netegrity and CaseCentral. Quotes from Madhu and Thimot are included. A closing company description says Socure has more than 500 customers across the financial services, gaming, healthcare, telecom, and e-commerce industries.

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Socure Appoints Tom Thimot as its New CEO

Apr. 25, 2018

Veteran Technology Executive will Guide Digital Identity Verification Leader in Next Phase of Expansion

New Socure CEO Tom Thimot (center) joins co-founders Sunil Madhu, Chief Strategy Officer (left) and Johnny Ayers, Senior Vice President (right), to lead company's next phase of expansion

NEW YORK, April 25, 2018 -- Socure , the leading provider of predictive analytics for digital identity verification, today announced that veteran technology executive Tom Thimot has joined the company as Chief Executive Officer. Tom brings decades of management experience scaling sales and operations at private and public technology companies , and will align the company to capitalize on the explosive demand for its digital identity verification service across key industry sectors. Sunil Madhu, founder and original CEO, will focus on platform innovation and work with Tom on new market opportunities as Socure’s new Chief Strategy Officer.

“Tom and I worked together at Netegrity to grow the identity and access management business many years ago,” said Sunil Madhu. “I'm thrilled to work with him again at Socure and glad to pass the baton so he can help us accelerate the next phase of our growth as a pioneer of trust in digital identity.”

Tom Thimot joins Socure from Clarity Insights, where as CEO he built the company into the largest big data analytics consultancy in the US, significantly increasing revenues and shareholder value. Previously, he was COO of Kazeon (acquired by EMC), CEO of GoRemote (acquired by IPass), EVP Worldwide Sales, Service and Support for Netegrity (acquired by Computer Associates) and CEO of CaseCentral (acquired by Guidance Software).

“I couldn’t be more excited to join my longtime friend and colleague Sunil and the entire Socure team. We are the first company to solve the digital identity verification issues that plague every consumer-facing company by applying advanced data science to online, offline and social data,” said Tom Thimot. “The market opportunity and applications for Socure’s technology span a wide range of industries. We are in the right place at the right time. I look forward to further accelerating our expansion, while maintaining Socure’s focus on customer satisfaction and innovation.”

Media Contact: Marc Gendron Marc Gendron PR for Socure 781-237-0341 marc@mgpr.net

Original article can be found on Business Wire

copyright 2018, All rights reserved by the author

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Socure is the leading platform for digital identity verification and trust. Its predictive analytics platform applies artificial intelligence and machine learning techniques with trusted online/offline data intelligence from email, phone, address, IP, device, velocity, and the broader internet to verify identities in real time. The company has more than 500 customers across the financial services, gaming, healthcare, telecom, and e-commerce industries, including four of the top five banks, seven of the top 10 card issuers, three of the top MSBs, the top payroll provider, the top credit bureau, the top online gaming operator, the top Buy Now, Pay Later provider, and over 100 of the largest fintechs. Marquee customers include Chime, Varo Money, Public, Stash, and DraftKings. Investors include Accel, Commerce Ventures, Scale Venture Partners, Flint Capital, Capital One Ventures, Citi Ventures, Wells Fargo Strategic Capital, Synchrony, Sorenson, Two Sigma Ventures, and others.

Socure has received numerous industry awards and accolades, including being named to Forbes America’s Best Startup Employers 2021 , being awarded Best New Technology Introduced over the Last 12 Months – Data and Data Services at the 2020 American Financial Technology Awards (AFTAs), being ranked number 70 in Deloitte’s Technology Fast 500 ™, being listed as a Gartner Cool Vendor , being recognized by Forbes as one of the Top 25 Machine Learning Startups to Watch , being named to CB Insights: The FinTech 250 , and being awarded Finovate’s Award for Best Use of AI/ML , to name a few.

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Janine Savarese Savarese Communications (908) 461-5767 jsavlowe@savcopr.com

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