Backing from Skyscanner boss
Williams invests in identity solutions company
His involvement is part of a £1.3 million injection into the business from a consortium of private and public sector investors. Mr Williams’ contribution was not disclosed.
The investment is the latest by the Edinburgh search engine founder (pictured) who has built his company into a $1 billion enterprise, or so-called ‘unicorn’.
He said: “My1Login is perfectly placed to be the European leader in identity and access management and I’m excited to be involved in the next stage of their growth.”
My1Login has developed a single sign-on solution that eradicates the need for passwords.
Mike Newman, the company’s chief executive, said: “I have long admired Skyscanner as a company and Gareth as a role model for building a hugely-successful global technology business.
“We feel honoured to attract investment from the co-founder of one of Scotland’s unicorn companies.”