1Password, the password-management platform, will join the “secrets management” space. The platform looks forward to helping developer teams across the enterprise protect private credentials. 1password secrets automationsawersventurebeat.
Apart from the launch, 1Password made a second announcement of its acquisition of SecretHub. This is the first acquisition of the platform. SecretHub is a Dutch startup launched in 2018. The company has committed to protecting almost 5 million enterprise secrets every month. The whole team of SecretHub, plus CEO, Marc Mackenbach will join 1Password. 1password secrethub automationsawersventurebeat.
1Password has built a repertoire for over 16 years. The platform provides an easy user interface that makes it easy to store passwords and secures the login process. People using this service can log in to their businesses with one click. 1password secrethub secrets.
The company based in Toronto had its first fundraising in 2019. It secured $200 million to push the consumer base. Currently, 1Password boasts around 80,000 customers, including big names like IBM, Dropbox, Pager Dut, GitLab and Slack. Recently, the platform launched a “secret automation” product. It protects all credentials- email passwords of employees and central backend systems. 1password automationsawersventurebeat.
1Password will collaborate with GitHub to “solve the problem” for the joint customers. The companies will get three free credits. Then the cost will rise to $29 per month for 25 credits, $, $99 for 100 credits, and $299 for 500 credits. The charges will be on usage. They will collaborate with companies with more than 500 credits. secrethub secrets automationsawersventurebeat.
The companies configure the 1Password vaults and automate the access to stipulate the permission for a development environment with tokens. An API client needs to read and write access to stored data in the vault; they would need the tokens. If a token can access Vault A and vault B, it becomes two credits.