Aiming to fortify its security offerings, Intel announced it was buying PasswordBox, a password management startup founded two years ago.
The Montreal-based PasswordBox announced the purchase on its website; terms of the deal were not disclosed. PasswordBox has received $6 million in funding to date.
Launched in 2012 by Marc-Antoine Ross and Daniel Robichaud, PasswordBox not only offers secure logins and auto-generated passwords, but also a method of securing your digital legacy. Like a will, PasswordBox lets you transfer those assets to a family member or friend. The service boasts 14 million users.
Starting Monday, consumers who sign up for PasswordBox will automatically get a "free premium subscription for the coming months, compliments of Intel Security," according to the site.
Password managers like PasswordBox have become hot over the past year or so as high-profile security breaches, most notably Heartbleed, have made the news. Another beneficiary of the trend is Dashlane, which received $22 million in Series B round funding in May.