Callio receives $1.25 million boost in VC funding

Callio Technologies has received $1.25 in venture financing to further technology and market development for its flagship Callio Secura information security compliance software. Funding from MSBi Capital and Société Innovatech du sud du Québec will help the Sherbrooke-based firm to penetrate new markets and develop new versions of its software. Callio Secura works as an implementation and compliance guide for the security software industry’s key security standard. More than 80,000 firms are compliant with the BS7799/ ISO17799 security standard and the number is growing 50% annually. Callio has a strategic relationship with the Univ of Sherbrooke for joint development of new applications....