RSA Security buys PassMark
RSA Security said Monday they were deprived acquired PassMark Security for $ 44.7 million in cash and stocks with a move to broaden the scope of their banking online authentication and fraud detection.
She said Monday acquired private property located PassMark Security for $ 44.7 million in cash and stocks with a move to broaden the scope of their banking online authentication and fraud detection.
RSA, said the purchase price includes $ 9 million in cash and 2 million shares. The transaction was signed and closed Monday. Based in Menlo Park, California, Mark passes makes the software-based authentication for financial companies.
“The market for authentication of consumers is growing rapidly,” said Art Coviello, CEO of RSA Security. “Rising rates of identity theft, with legal guidelines call for better protection of online identities, a huge market opportunity that we have to work to fully exploit.”
RSA’s shares was $ 0.25 to $ 19.30 on the last day of trading.
Founded in 2004, PassMark Security is best known for its dual factor authentication products, confirms each user on a website in two phases. Users can not simply offer while their request password also has a few visual images, or participate in a language based on the biometric system to ensure that only authorized users can access it.
Use only passwords was dismissed because a relatively fragile, as passwords can be stolen or simply cut. Adding another layer is what Mark passport specialized offers more security.
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