The strategic investment in Passbolt enhances our commitment to pioneering cybersecurity technologies, as the platform serves over 400,000 users globally and focuses on improving security and collaboration for modern teams.

Target Information

We are pleased to announce our strategic investment in Passbolt, an innovative open-source credential management platform that enhances security and collaboration for modern teams. Based in Luxembourg, Passbolt has rapidly established a strong reputation, serving over 400,000 daily users across 35,000 organizations globally, including government entities, defense agencies, and IT firms in more than 50 countries. The company was co-founded by Kevin Muller (CEO), Rémy Bertot (CTO), and Cédric Alfonsi (CPO).

Passbolt's distinct approach to password and security management, available through both on-premise and cloud solutions, prioritizes end-to-end encryption and employs a public-private key architecture. This approach facilitates secure sharing and management of credentials, making it an essential tool for IT professionals, DevOps teams, and organizations that value security and privacy.

Industry Overview in Luxembourg

The cybersecurity industry in Luxembourg has experienced significant growth, driven by increasing threats and the corresponding demand for effective security solutions. As companies digitize thei