Today, MIRACL is quickly becoming established as the world’s fastest, passwordless, single-step multi-factor authentication (MFA). Already used by a number of fintech organisations, it is more recently favoured by leading iGaming providers where its slick patented login enables an ultra-smooth customer experience - minimising abandoned bets and maximising profits.
But where did it all start and how did MIRACL get to become the ISO accredited organisation it is today?
Founded in between 2011 and 2016, Omlis Limited was the holding company for MIRACL Technologies and Omlis Technologies - both cyber security software companies specialising in secure authentication and encryption.
Its core product, MIRACL Trust, was originally a two-factor authentication, built on a Zero Knowledge Protocol - with no singular point of compromise and distributed trust. This provided a very compelling login solution with unmatched tech driven by pioneering cryptographers, such as the highly respected, Dr. Michael Scott - who remains with the company to this day.
In fact, these protocols behind MIRACL Trust were first published in academic circles over a decade ago - by Dr. Michael Scott, MIRACL’s Chief Cryptographer, himself.
They have since been cited over 100 times in cryptographic research.
This valuable research was monetised in 2012 when, with an entirely different executive team to those in the organisation today, huge investments were made in marketing to launch MIRACL Trust. However, because the focus was very tech led, with little product focus, growth for the business was an initial challenge.
Specialising in regulated industries, where the demand for such a login was of critical importance - such as Fintech and banking - was prioritised. Aligning with regulations such as GDPR and PDS2, MIRACL Trust could provide immediate compliance for companies through their unique zero knowledge proof login.
In early 2019 the company was bought out by its current owners, led by Rob Griffin. With an enviable US investment background focussed exclusively on high growth, disruptive software companies, MIRACL was, and still is, an exciting challenge for Rob, the CEO. Specialising in mobile, SaaS and cybersecurity within investment - Palantir, FireEye, Nutanix, MongoDB notable names to mention - while also managing Ops and Marketing it is quite understandable how he has taken this niche cyber security solution from strength to strength.
As of 2024, the controlling interest is in MIRACL Digital Services Limited.
