UST Global, an information technology solutions and services company for Global 1000 enterprises today announced that it has made a strategic investment in Vancouver based Trulioo, a global identity verification company. With a coverage of more than 3 billion people in 35 countries through a single integration, Trulioo provides the most comprehensive identification verification solutions globally.
The investment in Trulioo by UST Global will enable both companies to optimize their service offerings for their customers.
“As corporations continue to invest in identity management and compliance systems, we see value in Trulioo’s unique offering,” said Saurabh Ranjan, Managing Director for UST. “We invest in agile companies with high customer demand and a need to scale quickly”.
“Helping our customers comply with regulatory requirements for anti-money laundering, Know Your Customer, and watchlist checking at a global scale is our mission,“ said Stephen Ufford, Founder and CEO of Trulioo. “Fueled by mobile technology, cross-border commerce continues to grow at a record pace. The Internet economy needs large scale tools to help build trust and UST will help provide scalability, enabling us to drive innovation to our customers.”
As part of the UST Global’s investment, Saurabh Ranjan will join Trulioo’s Board of Advisors.
Over the last six months, UST Global has acquired four new companies and made six investments in technology companies. Together these acquisitions and investments brought UST Global over 25 new clients and 600+ employees across 7 global locations. UST Global also entered a strategic partnership with early-stage venture capital firm, Blumberg Capital.
About UST Global:
UST Global is a leading provider of end-to-end IT Services and Solutions for Global 1000 companies. Headquartered in Aliso Viejo, California, UST Global has operations in USA, India, Mexico, Spain, UK, Malaysia, Philippines, and Singapore. UST Global is a technology leader with profound domain expertise across the following industries: Healthcare & Insurance, Retail, Financial Services, Transportation & Logistics, Manufacturing & Automotive, Telecommunication and Media & Entertainment. By focusing on the business model of 'fewer CLIENTS, more ATTENTION', UST Global strives for excellence in providing their clients with the best service and commitment to long-term client success. With 14,000 employees, UST Global's growth and clientele have been impressive.
Please visit www.ust-global.com for more information.
About Trulioo:
Launched in 2011, Trulioo provides advanced analytics based on global Internet identity information and user behavior from sources including social login providers, ad networks, mobile applications, e-commerce websites, social networks and its customers. Trulioo specializes in scoring cyber identities as authentic, machine generated or fraudulent. The company has raised over $10m in venture funding and is headquartered in Vancouver, B.C., Canada. http://www.trulioo.com
No comments:
Post a Comment