SaferPass

SaferPass operates within the password management market, offering a cloud-based software solution designed to secure the online identities of both individual consumers and businesses. The company was founded in 2014 by Douglas Crowley, a former VP of Corporate Development at AVG Technologies, and other consumer security veterans. This background in security shaped the company's focus on providing a robust and user-friendly platform. In May 2016, SaferPass secured €1 million in a seed funding round to fuel its growth. A significant milestone occurred in June 2022, when the company was acquired by Lookout, Inc., a prominent provider of endpoint and cloud security solutions. Following the acquisition, SaferPass was integrated into the Lookout brand and organization, expanding Lookout's security portfolio and its presence in Central Europe with a location in Bratislava, Slovakia.

The company's business model targets both individual users (B2C) and businesses (B2B), including small businesses and freelancers. Revenue is generated through monthly and annual subscriptions, with different plans for personal and business use. SaferPass provides a service that enables users to manage passwords, banking information, and other sensitive data across multiple devices and platforms, including Windows, macOS, Android, and iOS. The core of its product is an encrypted digital vault that uses AES-256 encryption to store login credentials and other confidential information. All encryption and decryption processes happen locally on the user's device, ensuring that SaferPass itself cannot access the master password or the stored data.

Key features of the SaferPass platform include an automatic login function, a generator for creating strong and unique passwords, and secure notes for storing items like passport numbers or Wi-Fi settings. For business clients, it offers an admin dashboard for centralized management, secure password sharing among team members, user management capabilities, and activity logs to monitor data usage. A distinct feature is the "Secure Me" function, which allows users to remotely log out of all sessions on all devices, providing an extra layer of security. The platform also offers two-factor authentication, offline access, and security reports that audit the strength of stored credentials.

Keywords: password manager, cybersecurity, identity management, data encryption, secure vault, password generator, autofill, two-factor authentication, secure notes, remote logout, access management, business security, personal security, AES-256, Lookout Inc, cloud security, endpoint security, data protection, secure sharing, SaaS