Password Safe was created in the late 90s based on a specific need. At that time, there was still no software dedicated to professional password management. Thomas Malchar, Managing Director of MATESO GmbH, developed a pragmatically structured application, which was initially used only within one corporate environment. It could not be foreseen at that time that the product would become a market leader in the German speaking countries.
Due to steady increase in demand, Thomas Malchar realized quite quickly the limitless potential of Password Safe, and started marketing it in 2001.