Intel has just bought PasswordBox, a start-up based in Montreal, for an undisclosed amount. Following this operation, the company and its teams will be integrated into the Intel group and its “Safe Identity” division. PasswordBox publishes an identity and access management solution allowing you to connect to websites from any device without having to rewrite a password each time.
90% of passwords vulnerable
The two companies cite a study by Deloitte saying that 90% of passwords created by users are vulnerable and that the 10,000 most common passwords open 98% of accounts.
To overcome this problem, the solution promises Internet users to generate secure identifiers and automatically identify them on websites or mobile applications, without having to enter their codes each time. “Open a web page and PasswordBox will automatically fill in your information to sign in. You don’t need to enter your information on your mobile or desktop device with Chrome and Safari, ”the company explains on its website.
14 million downloads
This service is similar to that offered by the French start-up Dashlane which raised $ 22 million in May who counted among its co-founders, in 2009, Bernard Liautaud, former founder of Business Objects.
Founded in 2012, Password Box had previously raised funds from Omers Ventures and today claims 14 million downloads worldwide. The company now has more than 48 employees at its head office in Quebec.