Symantec has acquired PasswordBank, a Spain-based startup that provides multifactor authentication, user management and single sign-on services.
According to Spanish news site Expansion, the IT security giant has reportedly paid $25 million (€19 million) for the company.
Most of PasswordBank’s employees – it’s worth noting that there are less than 20 – have been retained. The company’s CEO, Roger Casals, has been named product manager.
The company was founded in 2008 and most of its profit from the last fiscal years was generated by its international customers.
SOURCE: news.softpedia.com
-
ISBuzz Team embodies the collaborative efforts of the dedicated staff at Information Security Buzz, converging a wide range of skills and viewpoints to present a unified, engaging voice in the information security realm. This entity isn't tied to a single individual; instead, it's a dynamic embodiment of a team diligently working behind the scenes to keep you updated and secure. When you read a post from ISBuzz Team, you're receiving the most relevant and actionable insights, curated and crafted by professionals tuned in to the pulse of the cybersecurity world. ISBuzz Team - your reliable compass in the fast-evolving landscape of information security