Twitter has bagged Mitro, a small password security startup that specializes in password management, without any expressed intent of integrating the company with Twitter’s platform.
Mitro lets users share passwords to a single account from where they can be viewed and edited by others in the group. Usually this service is applicable in enterprises when a group needs to store passwords in a single location securely which can be accessed by their team members at multiple access points.
Mitro on Thursday announced that it will join Twitter’s New York Office and will be focusing on geo-related projects, going forward. Unlike Twitter’s previous acquisitions, Mitro will continue to serve its customers.
The only way the acquisition has impacted it is that it has now become an open source project. The company has released all its codes yesterday and aims to become a self-sustained, non-profit service run by the open source community, for which it has partnered with Electronic Frontier Foundation.
Its server and client codes are released under the GPL license on GitHub. The service is expected to continue until the end of the year. Financial details about the deal are yet to be disclosed. Earlier, Google Ventures and Matrix Partners backed the company with $1.2 million in seed funding.
Several of Twitter’s non-strategic acquisitions were killed, for instance, it acquired Posterous which was shut down later and Posterous founder developed another platform for users who missed the service. This is one of Twitter’s acquisitions which get to live on after joining it.
