Salesforce.com, Inc. has acquired Toopher Inc. an Austin based start-up that is known for its two step authentication security solutions.
Toopher was launched in January 2011 by Evan Grim and Josh Alexander. Grim holds a PhD in software engineering from University of Texas while Josh Alexander worked as an adjunct professor for UT’s McCombs School of Business. Together they formed the company, aiming at security solutions, as the need for user authentication became a security concern. Toopher Inc developed a two level authentication system. The system became instantly popular. It featured combination of password protection and global positioning system of user’s smartphone. Thus users can securely log-in to websites.
Josh Alexander and Evan Grim, cofounders of Toopher, confirmed the acquisition in a joint statement released on their website. Salesforce.com, Inc. spokeswoman Karly Bolton also confirmed the news. The financial details of the deal have not been disclosed. However, it is clear that the company will no longer sell their current products as a part of the deal. The seven employees of the company will remain in Austin as employees of Salesforce.com, Inc.
Source: Opptrends.com
