Cybersecurity firm inBay Technologies expands its Board of Directors, links to Silicon Valley.
OTTAWA, Ontario December 06, 2017
inBay Technologies, developers of ‘passwordless’ authentication solutions, today announced that Dr. Paul Russo and James Nguyen joined its Board of Directors. The board is led by David Mann who shares a Nortel Networks background with co-founders and directors Stan Xavier and Randy Kuang. Director Peter Nadeau formerly of Newbridge Networks, founded by Sir Terrence Mathews and acquired by Alcatel, rounds up the bench.
“I’m thrilled to announce that we have Paul and James joining our board as directors,” said Shane Young, President & CEO of inBay Technologies. “Both Paul and James bring the strength of their diverse experience and networks to inBay. This will help us in our efforts to accelerate the commercialization of our idQ® Trust as a Service digital identity platform that delivers new value to enterprise customers with the first and only digital identity that cannot be stolen.”
James Nguyen, Partner, Tongda One Partners Ltd. represents an Ottawa-based super angel who co-led the $1M+ financing round that inBay announced in September. Paul Russo is the founder and Chairman of the Silicon Valley based GEO Semiconductor, and a director of SnapDNA, Teslonix, WOO Sports, and several other startups, including Peekaboo and Dynamount. He is a member of the Band of Angels, an angel investor group in Menlo Park, California, and is an advisor to several institutional investment entities.
“I am delighted to be joining inBay as a board member,” said Paul Russo. “Today’s enterprises are increasingly concerned about security. Hackers are stealing private employee or customer data, as well as proprietary technology. inBay’s powerful and patented cybersecurity technology offers a disruptive solution where no information is permanently stored and, thus, cannot be hacked! I look forward to doing my part in ensuring inBay’s success.”
About inBay Technologies
inBay Technologies Inc. delivers a convenient, safe and secure access to enterprise services and applications. The company’s idQ® Trust as a Service (TaaS) is a unique and innovative SaaS that eliminates the need for user names and passwords. The idQ® TaaS is a highly reliable and scalable mutual identity assurance platform. It enables companies of all types and sizes to employ leading edge multi-level, multi-factor ‘passwordless’ authentication and delegated authorization solution. Visit http://www.inbaytech.com for more information about the company.
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inBay Technologies Inc.
Phone: 613.591.1000 ext. 132
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