![]() ![]() Together, we believe we can offer our customers world-class technology, expertise and support to bring such access anywhere – all backed by Intel. “We share Intel Security’s vision of simple, secure access and identity protection across all platforms and devices. Password management solution PasswordBox has been acquired by Intel, which plans to make it part of the Safe Identity organization in the Intel Security Group. “PasswordBox has spent the last two years building a product that people love, trust and use around the world every day,” said Daniel Robichaud, CEO and co-founder of PasswordBox. ![]() PasswordBox was founded in 2012 and had 48 employees, all which have joined Intel Security.Īccording to Intel, the acquisition will support future innovations that will be announced at a later date. We believe we have the technology, expertise and reach to bring simple, secure access to consumers worldwide.” We believe that people spend far too much time and energy trying to remember all of their usernames and passwords. “Everyone can relate to password fatigue,” said Chris Young, senior vice president and general manager of Intel Security Group. “Intel Security and PasswordBox share the same goal of improving digital identity protection across all devices and platforms. PasswordBox allows users to log in on apps and websites, without them having to remember a password by. Intel said that it would incorporate PasswordBox’s current and future technologies to help consumers reduce “password fatigue” and incorporate PasswordBox with new, user-friendly authentication technologies that enable users to get the benefit of improved security in a way that is simple to set up and use. Intel acquires PasswordBox for identity management. Terms of the transaction, which has already been completed, were not disclosed. ![]() PasswordBox, which been downloaded 14 million times, utilizes a one-tap (for mobile devices) and one-click (in browsers) login to provide secure access from any consumer device, and will become a part of Intel Security. Back in 2010 he sold his earlier venture, a radio streaming service called StreamTheWorld to Triton Digital Media.Intel announced on Monday that it has acquired PasswordBox, a Montreal-based identity management service that enables users to log into websites and applications without having to type or remember passwords. PasswordBox is the latest venture of Canadian entrepreneur and former radio host Daniel Robichaud. Intel's acquisition of PasswordBox is effective immediately and all 48 employees of the start-up are now a part of the Intel Security Group. The tech start-up last year secured $6 million in a Series A venture funding round led by the OMERS Ventures. PasswordBox, founded in 2012, has already been downloaded 14 million times and this year it won best mobile app at CES - a huge annual consumer electronics tradeshow in Las Vegas. Earlier this year, Intel rebranded security software maker McAfee Inc, which it acquired for about $7.7 billion in 2011, as Intel Security Group. The Santa Clara, California-based chipmaker said PasswordBox will become part of the Safe Identity organization within Intel Security Group that is focused on simplifying and strengthening security by delivering ideas that reduce the pain of having to memorize dozens of passwords. We bring together a fantastic team of angel investorseach of whom short-lists one startup from among the attendees. The purchase price for the privately held Canadian start-up was not disclosed. The 100k Best of the Fest Investment Prize has always been the most coveted prize at Startupfest, where dozens of founders compete live onstage. TORONTO (Reuters) - Intel Corp said on Monday it has acquired PasswordBox, a Montreal-based identity management service that gives users a convenient way to log into websites and applications from any device without having to type or remember passwords.
0 Comments
Leave a Reply. |