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PhoneFactor Recognized for Technology Innovation and Accelerating Market Demand

OVERLAND PARK, KS--(Marketwire - May 3, 2012) - PhoneFactor, Inc., the leading global provider of phone-based authentication services, today announced that Network Products Guide, the industry's leading technology research and advisory guide, has named PhoneFactor a finalist for the 7th Annual 2012 Hot Companies and Best Products Awards in the Hot Technologies category. The Hot Technology award in particular recognizes technologies that are experiencing rapid market adoption of their products with continued high-speed growth, many times replacing a declining technology.

PhoneFactor's platform features a suite of phone-based authentication options, including a phone call, text message, and smartphone app. By leveraging a user's existing phone, PhoneFactor provides unmatched user convenience, a low total cost of ownership, and strong out-of-band protection from today's most sophisticated threats.

PhoneFactor's innovate approach to multi-factor authentication is particularly well-suited to today's elevated threat environment, as well as the busy IT department and multi-tasking end user. PhoneFactor is often chosen over legacy technologies like security tokens and certificates.

"We are pleased to be recognized as a leader in our field," says Tim Sutton, PhoneFactor CEO. "New, challenging threats are requiring improved, innovative approaches to user authentication and it's gratifying that PhoneFactor's vision of the phone as the best authentication device is being validated."

About PhoneFactor
PhoneFactor is a leading provider of multi-factor authentication. The company's award-winning platform uses any phone as a second form of authentication. PhoneFactor's out-of-band architecture and real-time fraud alerts provide strong security for healthcare, enterprise, banking, and website applications. It is easy and cost effective to set up and deploy to large numbers of geographically diverse users. Learn more at www.phonefactor.com or follow PhoneFactor on twitter @phonefactor.

About Network Products Guide Awards
As the industry's leading technology research and advisory publication, Network Products Guide plays a vital role in keeping decision makers and end-users informed of the choices they can make in all areas of information technology. You will discover a wealth of information and tools in this guide including the best products and services, roadmaps, industry directions, technology advancements and independent product evaluations that facilitate in making the most pertinent technology decisions impacting business and personal goals. The guide follows conscientious research methodologies developed and enhanced by industry experts. To learn more, visit www.networkproductsguide.com.

Contact:
Alison Hill
Director of Marketing Communications
ahill@phonefactor.com
(913) 499-4146