1Password acquires Texas-based Passage to fuel push into passkeys
The financial terms of the deal, through which 1Password has acquired Passage’s technology and employees, were not disclosed. The company has tasked Passage’s team with developing passkey-first authentication for consumer-facing businesses—which 1Password plans to roll out in beta early next year.
The Passage acquisition highlights 1Password’s commitment to “giving businesses and end-users what they want and deserve: the convenience of passwordless without compromising security,” 1Password CEO Jeff Shiner said. It enables 1Password to provide users with the ability to use passkeys in lieu of passwords to access their accounts; passkeys can improve the user experience and minimize the risk of phishing attacks and other cyberattacks that lead to data breaches.
1Password joined the FIDO Alliance earlier this year. This partnership of companies, including Microsoft, Apple, PayPal, Yubico, Visa, RSA, Google, Amazon, and others, promotes password-less solutions such as physical passkeys, fingerprint readers, and facial recognition for logins.
Historically, 1Password has focused on helping users manage their passwords. Going forward, 1Password is betting that the future of passwords will include universal sign-on. The company’s vision involves a world where its password management features supplement multi-factor authentication (MFA) products like Duo and single sign-on (SSO) products like Okta to provide enterprise-level security for businesses of all sizes.
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