Password-security company boosting space, tripling local staff
Keeper, which got its start with consumers, is getting a boost from the B2B market.
Keeper Security’s move into the corporate market appears to be paying off.
The password-security software company is moving into larger space in Greektown and plans to triple its headcount in Chicago, hiring 130 people here by year-end.
The company outgrew its space at 850 W. Jackson Blvd., so it’s moving next door to 820 W. Jackson, where it leased 16,000 square feet, with an option for another 5,000.
Keeper was founded in 2011 as a consumer product, but it’s getting a boost from the corporate market. Headcount doubled last year, says CEO Darren Guccione.
Keeper has 145 employees, including 60 in Chicago. The rest are in Northern California, where its technology team is based, and Cork, Ireland.
Most of the new hires in Chicago will be in enterprise sales. Guccione says Keeper has nearly 7,000 corporate customers, mostly small and midsize businesses.
“Keeper Security, like many password managers, gained popularity in the consumer space and is now jumping to the enterprise market," said Karl Sigler, threat intelligence manager at Trustwave, a Chicago-based computer-security company. "This makes sense because passwords are not only some of the most sought-after pieces of data when thieves attack, weak passwords are often the reason why a breach occurs in the first place."
The password-security industry is heating up. SolarWinds, an IT software maker based in Austin, Texas, recently bought Canadian password-security manger Passportal for an undisclosed price.