Twilio Acquires Authy
San Francisco, February 24, 2015 – Twilio, the leading cloud communications platform company, today announced the acquisition of Authy, a leading provider of authentication as-a-service for large-scale Web and mobile applications. Together, Twilio and Authy will address the growing need for stronger authentication methods in an increasingly-connected world. User identity is core to secure communications, and businesses need a simple and more cost-effective way to validate user identity. With Authy, Twilio now provides a cloud-based API to seamlessly embed two-factor authentication (2FA) and phone verification into any application. Twilio and Authy have been working together since 2012. The underlying Voice and SMS communications for Authy will continue to be powered by Twilio. To learn more about the ease-of-securing Web and mobile apps using Twilio and Authy, visit https://www.authy.com/twilio.
With password theft up 1,400 percent since 2009 and consumer fraud losses increasing to $16 billion in 2014, passwords are no longer enough. Authy automates security best practices and detailed policy management, simplifying the implementation of strong authentication for websites, mobile, and SaaS applications by developers. Over 6,000 websites including Coinbase, MercadoLibre, and CloudFlare depend on Authy to prevent malicious attacks and help protect users against fraud and account takeover. When combined with Twilio's global reach to more than 500,000 registered developers and businesses, coverage in over 200 countries and 24x7 customer support, the companies are paving the way for broad adoption of enhanced authentication in all applications.
"We've seen increased demand from Twilio customers for easy-to-implement, strong authentication options for mobile and Web apps," said Jeff Lawson, co-founder and CEO of Twilio. "With Authy's deep identity expertise and product capabilities, combined with Twilio's global reach, we make it easy for customers to secure their applications and customer information. We are thrilled to welcome the Authy team to the Twilio family. We can’t wait to see what our customers build."
Customers such as Box, Intuit and DocuSign use Twilio today for identity verification. By adding Authy capabilities to the Twilio platform, existing customers gain better policy management and reporting capabilities.
"The combination of Twilio and Authy is a win-win for everyone. Together we will accelerate customer adoption in three critical areas," said Daniel Palacio, founder and CEO of Authy. "First, the combination of our SaaS services allows Authy to better serve our customers via Twilio's infrastructure and support services. Second, joining Twilio means our team can focus on what we do best -- enhancing our strong authentication services and building great new identity products. Lastly, Twilio's global communications infrastructure paves the way for increased adoption of Authy 2FA to users worldwide -- this allows us to stay true to our mission of providing not only the strongest, but also the most user-friendly, strong authentication solution available."
All Authy services and support will continue to be available at authy.com and soon on www.twilio.com.
To learn more about the integration of Twilio and Authy, visit our blog at https://www.twilio.com/blog.
Authy is a leading provider of mobile-based strong authentication to the global internet economy. The company's SaaS application protects individuals and online businesses against phishing and other malicious attack via two factor authentication (2FA) services that are technologically strong, fast to implement, and highly user-centric. Launched in 2012, Authy's signature TOTP two factor authentication, SMS and phone verification services now protect over 1.2 million users across 6,000 websites.
The company is headquartered in San Francisco, and has product development operations in Bogota, Colombia. Authy's customers include CloudFlare, CEX.io, Coinbase and MercadoLibre. Authy is a Y Combinator company whose investors include Salesforce.com, Box founder Aaron Levie, Sam Yagan, CRUNCH Fund, Starling Ventures, Idealab, Winklevoss Capital and AngelList.
Today's leading companies trust Twilio's Customer Engagement Platform (CEP) to build direct, personalized relationships with their customers everywhere in the world. Twilio enables companies to use communications and data to add intelligence and security to every step of the customer journey, from sales to marketing to growth, customer service and many more engagement use cases in a flexible, programmatic way. Across 180 countries, millions of developers and hundreds of thousands of businesses use Twilio to create magical experiences for their customers. For more information about Twilio (NYSE: TWLO), visit: www.twilio.com.