‘Two-Factor Authentication (2FA) Companies Continue to be Attractive Acquisition Targets’ – Forrester
Merritt Maxim says, “Last week, Courion announced its acquisition of Nova Scotia-based SecureReset, which, through its QuickFactor product, provides mobile-based two-factor authentication (2FA). This is the fourth acquisition of a 2FA startup by an enterprise software vendor in 2015:
· Twilio acquired Authy, February 2015 (purchase price N/A).
· Salesforce acquired Toopher, April 2015 (purchase price N/A).
· Micro Focus acquired Authasas, July 2015 (purchase price N/A).
· Courion acquired SecureReset, November 2015 (purchase price N/A).
These acquisitions reflect ongoing enterprise demand for 2FA solutions as an alternative to passwords. By now, the problems with passwords are well-known: They are easy for hackers to steal in bulk, and ongoing advances in computing processing power have eroded password security“.
Two-Factor Authentication (2FA) Companies Continue to be Attractive Acquisition Targets
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