Shearman & Sterling acted as legal counsel to Passage Identity (Passage) as they entered into a definitive merger agreement with AgileBits “1Password” (1Password), pursuant to which Passage has become a wholly-owned subsidiary of 1Password. 1Password will use Passage's technology to launch a passwordless authentication platform for enterprises resulting in a safer, simpler, and more secure end-user experience across any platform or device.
Passage is the developer of a user authentication platform designed to help clients keep friction low and conversion rates high. The platform provides a fully passwordless authentication system that helps users seamlessly integrate devices, browsers and other operating systems through biometric security.
1Password is a secure, convenient password manager, providing businesses and families a safe way to share passwords, credit cards and documents. It keeps important information secure with AES 256-bit encryption. With 1Password, users can keep all kinds of information easily organized with convenient categories and tags and find what they need with a customizable search.
The Shearman & Sterling team below included associates Alex Steele (AT-TECH) and Austin Grossfeld (NY-IPT).