Intel Buys Password Manager PasswordBox

NEW YORK (AP) -

Intel Corp. said Monday that it has bought PasswordBox, a service that saves and remembers passwords so that users can log into different websites without having to remember or type in their passwords.

The Santa Clara, California-based chip maker did not disclose financial details of the deal.

Intel said PasswordBox has been downloaded 14 million times since its debut a year ago. The company will be a part of Intel’s security-software business, which includes McAfee.

Besides managing passwords, PasswordBox can also store and encrypt credit-card information for quicker checkouts when shopping online.

All of PasswordBox’s 44 employees, based in Montreal, have joined Intel.