Proekspert acquires share of web-transaction security firm BrowserID

BrowserID, whose products identify suspect web transactions in e-commerce, has sold 17 percent of its shares to Proekspert. Proekspert plans to connect BrowserID technology when offering solutions to its own clients.
BrowserID is a data-comprehensive Device Insight API that enables customer background checks on 200 parameters without accessing private information. It is commonly used in fraud detection, to help media companies remove unwanted language, to assist in compliance for online financial services, as well as applications in payment optimization.

As more commerce moves to the internet, BrowserID allows companies to personalize service for customers, yet at the same time determining whether a customer’s network can be trusted.

“The applications of BrowserID go well beyond web stores,” says Proekspert Lead Marko Sverdlik. “The major strength of BrowserID technology is its versatility and potential for wide application. It clearly raises the level of cybersecurity.”

BrowserID was founded in 2011 and brought its product to market in 2013, and its technology is currently used by five major firms to make 300 million user identifications per month. The post-acquisition goal is to increase the system’s capacity to handle 10 billion identifications per month.

BrowserID founder and management committee member Argo Mändmaa says BrowserID collects information in a way that does not endanger the privacy of the end user. “BrowserID collects information from only the user’s equipment and his place in the web, and the user remains anonymous to us. Data collected by BrowserID also enables the merchant to make more tailored offers to clients.”

BrowserID founders Argo Mändmaa and Mihkel Kanarik have both worked for Skype in the areas of cybersecurity and cybercrime discovery.

More information about BrowserID can be viewed here: browser.id

Where to meet us in 2019

Date: March 7
Location: Tallinn, Estonia
North Star AI, powered by Proekspert, focuses on the technical aspects of data science. The conference connects developers, engineers, data scientists, and data-driven startup leaders. Come find out how your organization can advance through the use of machine learning and data science.
Book a meeting
Date: April 1-5
Location: Hannover, Germany
The Hannover Messe brings together the industry’s key players and provides a forum to discuss their innovations. Proekspert is coming to Hannover to discuss Industrie 4.0, integrated industry, industrial intelligence, predictive maintenance, and smart factory solutions. Join us!
Book a meeting
Date: April 8-14
Location: Munich, Germany
bauma is the only trade fair in the world that brings together the construction machinery industry in its entire breadth and depth. Proekspert will be present and ready to discuss our solutions for the collection and analysis of data from machinery and devices - smart machine components for predictive maintenance.
Book a meeting

Go smarter with Proekspert.

Please fill in the contact form below and we'll get back to you as soon as possible.

Thank You!

Your message has been sent. Our team will get back to you as soon as possible.

Close this window