In its continuing efforts to expand and strengthen its security business, Intel has purchased digital identity management software makers PasswordBox.
"Terms of the transaction were not disclosed and are not material to Intel’s operations,” according to a statement from Intel announcing the acquisition.
PasswordBox’ 48 employees will be joining Intel Security as part of their new parent company’s Safe Identity Division. The start-up will also bring the 14 million or so downloads of its software it has racked up since its founding in 2012. PasswordBox is designed to work as a personal information digital locker for passwords, encrypted notes to oneself, membership and passport information among other things.
“The acquisition is expected to support future innovations that will be announced at a later date,” Intel further noted in its statement on the acquisition.
Password Box’s CEO and co-founder Daniel Robichaud and Intel’s Security VP Mark Hocking had little to say what services or partnerships PasswordBox will be offering going forward.
“For now we cannot share any new product details so I prefer not to comment on that,” Robichaud said. “We’re working on something really exciting.”