Chip maker Intel buys password manager PasswordBox; financial details not disclosed

Markets Associated Press

Intel Corp. said Monday that it 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.

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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.