Feeds

Symantec snaps up PasswordBank, touts SSO logins to biz

Prepares to punt unwanted tech at sceptical industry

Remote control for virtualized desktops

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.

Symantec has acquired PasswordBank, a company with less than 20 employees based in Barcelona, Spain. PasswordBank is an independent provider of multifactor authentication, single sign on (SSO) and user management services.

Symantec will use PasswordBank's expertise in single sign on technology to extend Symantec's functionality in secure sign on for web or cloud applications and further enhance its identity and context aware security, a key strategic initiative. Symantec is not disclosing any other details about this deal at this time.

Single sign-on (SSO) technology has been a philosopher's stone for segments of the security industry for years because it offers the promise of drastically reducing the number of passwords that enterprise users must remember, drastically reducing the burden on help-desks in the process. The technology can be delivered through either appliances or services.

In practice, SSO offers a way to reduce the amount of passwords corporates are obliged to manage but doesn't achieve the one-password-to-rule-them-all goal the marketing hype around the technology promises. So say IT directors at large enterprises El Reg spoke to about the subject. ®

Choosing a cloud hosting partner with confidence

More from The Register

next story
Knock Knock tool makes a joke of Mac AV
Yes, we know Macs 'don't get viruses', but when they do this code'll spot 'em
Feds seek potential 'second Snowden' gov doc leaker – report
Hang on, Ed wasn't here when we compiled THIS document
Why weasel words might not work for Whisper
CEO suspends editor but privacy questions remain
DEATH by PowerPoint: Microsoft warns of 0-day attack hidden in slides
Might put out patch in update, might chuck it out sooner
BlackEnergy crimeware coursing through US control systems
US CERT says three flavours of control kit are under attack
prev story

Whitepapers

Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
The hidden costs of self-signed SSL certificates
Exploring the true TCO for self-signed SSL certificates, including a side-by-side comparison of a self-signed architecture versus working with a third-party SSL vendor.