Welcoming Scio Security to the True Family

We are extremely excited to announce our recent investment in Scio Security.  Scio provides the simplest and safest way to secure any Internet transaction by delivering multi-factor authentication as a service.  They are in short disrupting an industry riddled with complex and expensive solutions.

Founders Dug Song and Jon Oberheide bring a wealth of security experience and we couldn’t be more excited to be partnering with them.  Dug previously founded Arbor Networks, which achieved over $100M in revenue before its recent sale to Tektronix, was Chief Architect at Barracuda Networks, and has his name attached to some of the most widely used security protocols in the world.  Jon has authored numerous papers on security and is wrapping up his PhD at the University of Michigan, where he is part of the Networking and Security Research Group.

At True, we see a new wave of infrastructure solutions that are taking advantage of the dramatic changes in the data center itself, the exponential growth in data, and the proliferation of web and mobile apps.  Companies such as Urban Airship, PuppetLabs, Loggly, and now Scio are delivering newfound ease of use and value to their customers as part of this changing landscape.

Congrats again to the Scio Security team!