Fraud detection and churn reduction specialist, Featurespace, is delighted to announce that it has been named Cambridge Graduate Business of the Year at the prestigious Cambridge Business Weekly Awards 2013. The presentation was made last night at a gala dinner at Queens’ College, attended by 200 top executives.
The Graduate Business of the Year Award, judged by a panel of leading entrepreneurs, is given in recognition of a company founded by a Cambridge University alumnus at least three years out of academia that has demonstrated outstanding commercial progress.
Shai Vyakarnam, director of the Centre for Entrepreneurial Learning (CfEL), who announced the award that his enterprise sponsors, said: “Featurespace co-founder David Excell did his PhD under the inspirational Bill Fitzgerald at Cambridge and the company’s fraud-busting software solutions utilise behavioural change recognition algorithms developed by Cambridge University.
“Featurespace, whose investors include Cambridge Enterprise board member Mike Lynch, is scaling up globally and adding new target sectors to its traditional ones of gaming and lottery markets.”
Featurespace’s technology is used to manage the whole lifecycle of a customer from website traffic and social media, though to spotting fraudulent behaviour and identifying customers who are likely to churn.
Martina King, CEO Featurespace said: “our ability to understand individual customer behaviour in real-time compare individuals with dynamic groups and predict future actions was key to our success in winning this award.”
Mike Lynch, founder of Invoke Capital and Autonomy, commented: “Featurespace is a fundamental technology born in Cambridge University and poised to provide intelligent analysis to a host of global business challenges.”
According to Tim Luke, special business adviser to David Cameron: “It is not an exaggeration to say that Featurespace’s clever algorithms and analytics may have the potential to change the way whole industries interact with their customers. The company is another exciting example of British technology and its potential to change the game.”
Over the years, the Business Weekly Awards have established a reputation for consistently picking out champion companies from the chasing pack. This year’s awards featured the strongest field of entrants yet recorded in the 23 year history of the event.
Notes to Editors:
Featurespace is a fast-growth enterprise software start-up based in Cambridge, England. It was founded from the Applied Statistics and Signal Processing team at the Cambridge University Dept. of Engineering. The company operationalises world-leading innovation from Cambridge University into its unique Adaptive Real-time Individual Change-recognition™ (ARIC™) engine.
ARIC delivers next generation real-time behavioural change recognition, to solve some of the world’s biggest commercial and government challenges. No other enterprise software solution can identify the early onset of change at the individual level across huge volumes of multisource data, in real-time. ARIC is deployed into solutions for fraud reduction, customer retention and threat assessment. Featurespace was co-founded by Professor of Applied Statistics and Signal Processing, Bill Fitzgerald, and PhD students, Dave Excell. Prof Fitzgerald is a recognised world leader with over 100 conference papers, six books, two patents and more than 150 publications to his credit. To find out more about how the company can help its customers, call +44 1223 345 940 or visit the website at www.featurespace.co.uk
Tel: +44 (0)1252 727313