Intel acquires Canadian IT security firm PasswordBox
Intel Corp said 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.
The purchase price for the privately held Canadian start-up was not disclosed.
The Santa Clara, California-based chipmaker said PasswordBox will become part of the Safe Identity organisation within Intel Security Group that is focused on simplifying and strengthening security by delivering ideas that reduce the pain of having to memorise dozens of passwords. Earlier this year, Intel rebranded security software maker McAfee Inc, which it acquired for about US$7.7bil (RM26.4bil) in 2011, as Intel Security Group.
