Salesforce confirmed it has acquired Austin-based Toopher.
The terms of the deal were not disclosed.
This is not an April Fool’s joke. Salesforce confirmed in an email to Silicon Hills News that it has acquired Toopher.
Toopher originally made the announcement on its website.
“Today it is with great excitement that we can unveil our ability to super-charge our superpower—because we are being acquired by Salesforce!,” according to a post by Josh Alexander and Evan Grim, the company’s co-founders.
In 2011, Grim, a University of Texas PhD student in software engineering, and Alexander, an adjunct professor teaching financial derivatives at UT’s McCombs School of Business, founded the company. Their security software authenticates a person’s identity from a smartphone using its location-based technology so that they can log into online accounts. The software uses two forms of authentication to verify the user to prevent identity theft and fraud.
“While we will no longer sell our current products, we are thrilled to join Salesforce, where we’ll work on delivering the Toopher vision on a much larger scale as part of the world’s #1 Cloud Platform.”
Toopher has raised $3 million in venture capital, according to Crunchbase. In January of 2013, Toopher graduated from the Austin Technology Incubator as an IT portfolio company.
Salesforce, based in San Francisco, is one of the world’s largest cloud computing companies.
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