Twitter just scooped up password security startup Mitro, its second acquisition this week.
Mitro is a secure password manager that lets users share password information within specified groups. The software uses encryption to ensure passwords stay safe.
[aditude-amp id="flyingcarpet" targeting='{"env":"staging","page_type":"article","post_id":1517669,"post_type":"story","post_chan":"none","tags":null,"ai":false,"category":"none","all_categories":"business,entrepreneur,security,social,","session":"D"}']Rather than shut down the service, Twitter is transitioning the product into an open-source project.
“As of today, we are releasing all of Mitro’s server and client code under the GPL license on Github,” a message on Mitro’s site reads. The company will be seeking advice from the Electronic Freedom Foundation on turning to service into a community run project.
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In short, this was likely a talent grab.
Before being acquired, Mitro raised a total of $2.4 million dollars with Google Ventures and Matrix Partners contributing during its seed round.
The purchase comes less than 24 hours after another buy. Is Twitter on a little late summer buying spree? Back-to-school shopping, perhaps? (Ha ha.) Yesterday, Twitter acquired deep learning tech startup Madbits. The startup emphasized its focus imaged-based learning in a post on its site.
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