Password Security and Distribution

[Jeremy Stinson <laxplayer () earthlink net>]

All,

Our company is starting to grow rather quickly and we are starting to have growing pains. We are in the need for a 
better mechanism for sharing passwords between our engineers. Most of these passwords are for our client's systems 
where some of them are controlling the password schemes (aka requiring shared user accounts). We have a process in 
which we change passwords every X days but, distributing these passwords to everyone who needs them is starting to 
become a challenge. Also, handing off passwords to someone who is stepping in to help out at 3am securely is not easy. 
I have tried to do google searches but I have not been able to find a good way or process to do this. I am wondering if 
anyone has any ideas on how to handle this?

In other companies we have used a PGP keyring to secure a text file that contained all of these passwords and then put 
them onto a shared customer portal. The problem with this strategy is what happens if you are not on your computer 
where PGP is installed?

Any suggestions will be welcomed.

Thanks in advance,

Jeremy