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Communications - Tuesday, April 3, 2007

Mojo Watch: JanRain Pulls CTO from VeriSign. Looking For Funding.

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Verisign is bleeding talent. Today, hot Portland, OR startup JanRain - maker of OpenID which gives you one ID for all your logins - has recruited Michael Graves as its CTO. Graves was the founder of Signio, a payment services company purchased by VeriSign in 2000 for $700M.

In addition to OpenID, JanStuff is building other tools such as Schtuff, a site that helps you to create your own wiki, which it sold to VC-backed PBWiki. JanRain has also developed Jyte, an open source social network. JanRain has about a dozen programmers who are focused on building light-weight ID services for the web.

JanRain says it is "currently seeking outside funding" and the addition of Graves should help.

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