VANCOUVER, BC--(Marketwired - August 26, 2014) - Trulioo, a global identity verification company, today announced that it received a strategic investment by UST Global, the leading provider of end-to-end IT services and solutions for Global 1000 companies.
"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."
Trulioo offers the most comprehensive ID verification solution in the world covering more than 3 billion people in 35 countries through a single integration.
"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."
Since launching in 2011, Trulioo has verified over 100 million online identities, raised over $10m in venture capital, and now services more than 300 customers worldwide. The company is backed by San Francisco-based Blumberg Capital, New York based Tenfore Holdings, and BDC VC Canada's largest investor.
As part of the UST deal, Saurabh Ranjan will join Trulioo's Board of Advisors.
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
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.