– USA, CA – Argyle Data, the leading native Hadoop application for revenue threat analytics in mobile communications, announced it has appointed Vikash Varma as President and CEO to lead its next stage of growth.
“This is the perfect time for Vikash to join Argyle Data,” said Rami Elkhatib, General Partner at Acero Capital. “Detecting and preventing mobile communications fraud is a massive market need that will continue to expand as IoT adoption increases. Vikash brings a wealth of vision, strategy and global execution experience to strengthen our team in this phase of accelerated growth, and we are very pleased to welcome him on board.”
Argyle Data’s system is used by some of the world’s largest mobile operators to gain real-time visibility into revenue threats and attack patterns. On average, such attacks cost the mobile communications industry 2% of revenue, or an estimated $46 billion a year. Argyle Data provides a real-time revenue threat analytics application built natively on Hadoop using the latest machine learning and anomaly detection technology to identify fraud at scale. This enables operators to detect previously undiscoverable fraud in minutes rather than hours or days, discover both new and old fraud attack patterns, and dramatically reduce false positives, saving millions of dollars.
“In the world of mobile revenue fraud, minutes can mean millions. Argyle Data has created a unique application to help mobile operators stem those losses,” said Varma. “Carriers worldwide are under intense pressure to deliver revenues and margins are becoming slimmer. Argyle Data helps protect those revenues from depletion and offers a proven way of dealing with new threats in the world of IoT and mobile payments. I am honored to lead the company on this exciting path of accelerated growth.”
Vikash Varma brings 23 years of multi-disciplined U.S. and international experience to Argyle Data, with a track record of building businesses from the early stages to market leadership. Varma was most recently the President & CEO at Stoke Inc., a leading provider of 4G LTE Security Gateways. Stoke was acquired by Mavenir Inc. in 2014. Prior to Stoke, Varma held executive positions at Cloudshield Technologies (acquired by SAIC), P-Cube Inc (acquired by Cisco Inc.), and HP.
About Argyle Data
Argyle Data is used by the world’s leading mobile operators to detect the fraud, profit and SLA threats that cost the industry $46 billion dollars per year. Argyle Data’s industry leading native Hadoop application suite uses the latest Hadoop and machine learning technologies, proven at Facebook and Google, to identify the revenue threats and attack patterns being waged against mobile networks in real-time.
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