Tags: Intel | PasswordBox | security | Internet

Intel Buys PasswordBox to Strengthen Internet Security Tools

Monday, 01 December 2014 07:34 AM

Intel Corp. acquired Canadian startup PasswordBox Inc. to bolster its Internet security offerings.

Intel, the world’s largest chipmaker, will integrate PasswordBox’s services into its security products, the Santa Clara, California based company said in a statement today. It didn’t disclose financial terms of the deal.

PasswordBox, which was founded in Montreal, lets users log into websites and mobile apps without having to remember and manually type in their passwords. The startup allows users to store up to 25 passwords for free. The company raised $6 million a year ago in a funding round led by Omers Ventures, the venture capital arm of the Ontario Municipal Employees Retirement System pension fund.

The deal is a high-profile sale to a major U.S. technology company for Omers, which has also invested in companies such as Hootsuite Media Inc. and Shopify Inc.

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Intel acquired Canadian startup PasswordBox to bolster its Internet security offerings. Intel, the world's largest chipmaker, will integrate PasswordBox's services into its security products.
Intel, PasswordBox, security, Internet
Monday, 01 December 2014 07:34 AM
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