Passbolt SA

Startup

Luxembourg · Member of DIGITAL SME France

PRODUCTS / PROJECTS

Problem; Digitalization has created millions of digital teams worldwide (30M of them by 2023 according to Amazon data) that have become the backbone of today’s companies. These digital teams are managing hundreds of external systems that are vital for the daily business operations. They are literally drowning under the quantity of passwords that are necessary to manage these systems.

Some of these passwords could compromise the entire organisation if they were to fall into the wrong hands. Yet most of the time they are stored in clear in excel sheets and exchanged by emails. These poor password management practices introduce severe security breaches and compliance issues. According to the FBI: “80% of data breaches are due to poor password management policies.”
Moreover, due to a large quantity of passwords not being centralized nor organized, collaborators waste time finding the passwords they need and it represents a productivity issue. According to Gartner: 125 million hours of productivity are lost due to password management problems, e.g. around 160 EUR per person per year.
Existing password managers are mostly designed either for the consumer market or for pyramidal types of organizations and are not aligned with the specific needs of modern agile teams.

Solution: Passbolt improves productivity and security for DevOps teams by providing a 360 degrees solution that is fully aligned with their needs, values and technical preferences.
Passbolt reinvents enterprise password management the same way slack reinvented enterprise messaging. It is different because it available on-premise, provides better collaboration, unprecedented security, deeper interoperability and unmatched control. It is disruptive because its unique approach to password management is rooted in the DevOps culture while other solutions are generic.

In a few years only Passbolt has positioned itself as a popular password manager for DevOps teams. The solution is already used by over 100,000 daily active users and 10,000 organizations worldwide, including CISCO, Renault Nissan Mitsubishi, the German police and many other governmental institutions.

Our aim is to become the de-facto password manager for agile and DevOps teams, and be used by millions of teams worldwide.

City / Region where the solution was deployed

Governmental institutions in Luxembourg and other countries

EMPLOYING

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