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Fundings & Exits
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Passwords
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Twitter
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Twitter Acquires Password Security Startup Mitro, Open Sources Its Product

Posted Jul 31, 2014 by Kim-Mai Cutler (@kimmaicutler)
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The NFL Gets Quantified Intelligence, Courtesy Of Shoulder Pad-Mounted Motion Trackers

Twitter is acquiring a small password security startup called Mitro for its New York office. Mitro built a way that multiple people can share or control passwords to a single account.

The most obvious use case would have been in the enterprise where team members need to share a single password for an account. Twitter isn’t keeping the product and we hear that the team will likely be working on geo-location products.

However, unlike in previous acquisitions, Twitter is allowing the product to live on. Mitro is becoming an open source project and the startup is working with the Electronic Frontier Foundation to vet the code and guide Mitro toward being a self-sustaining, nonprofit, community-run service. For now, it will stay available until at least the end of the year. The company has released all of Mitro’s server and client code under the GPL license on GitHub.

This is different from an earlier Twitter acquisition. When the company acquired Posterous, it shut down the product, so co-founder and now current Y Combinator partner Garry Tan built an equivalent called Posthaven so that Posterous users could have an alternative when the product died. It seems that acquirers doing talent hires are starting to offer founders more flexibility in sustaining their work independently if the products are not of strategic value.

Mitro was backed by $1.2 million in seed funding from Google Ventures and Matrix Partners.

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    CrunchBase

    • Mitro

      • Founded 2012
      •    
      • Overview Mitro securely saves all your logins and lets you share them in your web browser
      • Location New York, New York
      • Categories Software
      • Founders Adam Hilss
      • Website http://mitro.co
      • Full profile for Mitro
    • Twitter

      • Founded 2006
      •    
      • Overview Twitter is an online social network and a microblogging service that enables users to send and read “tweets," which are messages limited to 140 characters. Registered users of Twitter are able to read and post tweets via the web, SMS or mobile applications. Created in March 2006, Twitter is a global real-time communications platform with 400 million monthly visitors to twitter.com and more …
      • Location San Francisco, California
      • Categories Messaging, Software, SMS, MicroBlogging, Social Media
      • Founders Jack Dorsey, Evan Williams, Biz Stone
      • Website http://twitter.com
      • Full profile for Twitter

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