SaferPass will now operate under the Lookout brand and leadership. The acquisition also expands Lookout’s footprint in Central Europe through its new location in Bratislava, Slovakia. And those who provide the best security and the best user experience … will win in this highly competitive market.” “Increasingly, our partners recognize that security is a differentiator. “Customers have a relationship with their service providers and trust them to provide some degree of security with their connectivity,” he said. Lookout‘s partners have made “huge investments” in building fast, reliable networks and strong, trusted brands, AZmeh said.
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“In addition, Lookout will provide advanced password monitoring, with alerts if user credentials are ever leaked on the dark web, and enabling a seamless update of a compromised password to shield their account from risks, including identity theft.” Security Is a Differentiator “Not only will Lookout offer customers the ability to generate stronger passwords and store them securely, but these new capabilities will be fully integrated into our other features, enabling customers to monitor and manage their device, passwords, online privacy, and critical identity and financial information all from a single product,” he said. With this acquisition, Lookout will take a “unique approach” to password management and identity protection, Azmeh said. With this acquisition, we can deliver that integrated and seamless experience that provides differentiation to our partners and protection to their customers.”
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They want full protection and remediation, not just notification and information. We believe our partners and their customers want complete solutions that simply work. But adding identity and password protection requires an additional product, which makes for friction and poor user experience. The security products currently in the market all offer various cybersecurity features. “Today, none of our current or prospective partners (nor those of our competitors) offer a single, all-in-one solution that provides holistic protection to customers. “Our partners trust Lookout to provide best-in-class security and protection for their customers,” he said. All-in-One Identity Protection Solutionįiras Azmeh is general manager of Lookout’s consumer and carrier business. Lookout isn’t saying how much it’s paying for SaferPass. That ensures the individual is not using the same password in multiple places and that their password has not been compromised in a previous breach.
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The product helps create strong, unique passwords, the company said, through a password generator tool. It stores secure login information used to access services through mobile apps and web browsers.
The SaferPass solution provides an encrypted digital vault. Keep up with the latest channel-impacting mergers and acquisitions in our M&A roundup. Lookout also plans to expand its footprint in Europe based on the acquired company’s headquarters.īy adding password management technology to its suite of security solutions, Lookout will deliver proactive protection and safeguard customer data for individuals and businesses. In addition, it brings on board additional cloud infrastructure expertise and capabilities. The deal complements and expands Lookout’s consumer and SMB offerings. SaferPass provides secure online identity solutions for both consumers and businesses. Lookout is expanding its identity protection through its acquisition of SaferPass, a password management company.
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