1Password acquires just-in-time access provider Apono

Cybersecurity provider 1Password has acquired Apono Ltd. to enhance its artificial intelligence security capabilities.

The companies announced the deal today without disclosing its financial terms.

Toronto-based 1Password, officially AgileBits Inc., develops a popular password manager of the same name. It’s available in a consumer edition and an enterprise version with an expanded feature set. Additionally, 1Password sells tools that help companies track their software-as-a-service spending and secure employee devices.

Apono has a narrower market focus. The Tel Aviv-based startup offers a so-called just-in-time access management platform that companies use to secure their cloud environments. It counts Intel Corp., Hewlett Packard Enterprise Co. and Workday Inc. as customers.