Symantec snaps up PasswordBank, touts SSO logins to biz

Symantec has bought enterprise-focused authentication software start-up PasswordBank in a move aimed at beefing up its enterprise security software roster.

PasswordBank provides identity-as-a-service through enterprise and cloud-based single sign on services, as well as a line of multi-factor authentication-as-a-service technologies. The Spanish startup has said nothing about the deal on either its site or infrequently updated blog.

However, Symantec confirmed its purchase of PasswordBank, first rumoured over the weekend, via a brief statement in response to El Reg‘s inquiries on the matter. Financial terms of the deal, revealed on Monday, remain unconfirmed.

SOURCE: theregister.co.uk