Intel Acquires PasswordBox

Intel_SecurityIntel (INTC) acquired PasswordBox, a Montreal, Canada-based provider of a cross-platform identity management service.

The terms of the transaction were not disclosed.

A result of the acquisition, PasswordBox will become a part of the Safe Identity organization within Intel® Security Group.

Founded in 2012 by Daniel Robichaud, CEO, PasswordBox provides a cross-platform identity management service that allows users to log into all of their websites and applications from any device without having to type or remember passwords.

The company’s 44 employees have joined Intel Security, which was established by Intel Corporation in January 2014 to focus on developing proactive, proven security solutions and services that protect systems, networks, and mobile devices for business and personal use around the world.

PasswordBox had secured $6m in vc funding in a round led by OMERS Ventures (read here) and acquired Legacy Locker (read here).



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