Symantec Buys Spain-Based Authentication Company PasswordBank

SymantecLogoSymantec has acquired single sign-on technology company PassswordBank to expand Symantec’s authentication services portfolio, ZDNet reported Thursday.

Rachel King writes that Symantec spokesperson Ellen Hayes has confirmed the acquisition of the Barcelona-based company but did not outline terms of the deal.

Hayes told ZDNet Symantec intends to “use PasswordBank's expertise in single sign-on technology to extend Symantec's functionality in secure sign on for web or cloud applications.”

PasswordBank’s Identity-as-a-Service platform works to provide Mac OSX, Linux and Windows desktop and server users with a single sign-on service for web or cloud-based applications.

PasswordBank has offices in California and Singapore.

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