Lookout, Inc. has acquired SaferPass, a Password Management company that provides secure online identity solutions for both consumers and businesses.
“We are pleased to welcome the SaferPass team to Lookout, and excited to combine our respective solutions to deliver better value to consumers and businesses alike,” said Jim Dolce, Lookout CEO. “Today, every password owned by an employee is a potential access point to organisations both small and large. At the same time, large scale data breaches have leaked billions of consumer emails and passwords on the dark web, putting individuals at risk of identity theft and financial fraud. The SaferPass team shares our vision for providing seamless security solutions that address all access points and protect personal and corporate data wherever it may reside. This is an exciting next step in Lookout’s evolution.”
The acquisition of SaferPass broadens the Lookout portfolio of security solutions and expands the opportunity for its carrier ecosystem and channel partners – it also expands Lookout’s footprint in Central Europe through its new location in Bratislava, Slovakia. SaferPass will now operate under the Lookout brand and leadership and the SaferPass team will be fully integrated into the Lookout organisation. The financial terms of this transaction have not been disclosed.
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