Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

Funding/M&A

Twitter Acquires Password Management Startup Mitro

The security startup behind the Mitro password manager has been acquired by Twitter, the team at Mitro announced on Thursday. The financial terms of the deal were not disclosed.

The security startup behind the Mitro password manager has been acquired by Twitter, the team at Mitro announced on Thursday. The financial terms of the deal were not disclosed.

The talent at Mitro will move to Twitter’s New York offices, but according to the Electronic Frontier Foundation (EFF), Mitro itself, which has been backed by Google Ventures and Matrix Partners, will continue to operate as an independent corporation. Twitter wants the Mitro team to work on a “variety of geo-related” projects and it doesn’t plan on keeping the password manager.

Instead, the application, which works on most popular Web browsers and even mobile platforms, has been released as open source. The code for both the client and the server have been published on GitHub under general public license (GPL).

“We’ve been working hard to build a secure, easy-to-use password manager for individuals and groups. We’ve made great progress and we believe that the community can help us accomplish even more. With that in mind, we’re excited to be receiving advice and assistance from the Electronic Frontier Foundation (EFF) in transitioning Mitro to a sustainable, community-run project,” the Mitro team said in a blog post.

The service will continue to operate as is until at least the end of 2014. The EFF says Mitro is already a mature and usable system, and promises to advise the company on how to create a sustainable project if their code proves to be secure and popular.

“Mitro is distinctive amongst free/open source password managers in that it’s architected around cloud storage. For security, the online password databases are encrypted with client-side keys derived from your master password. For availability, they are mirrored across three cloud storage providers,” the EFF wrote in a blog post. “With this design, passwords can be synchronized across all of your computers and devices with minimal effort. They can also be shared across teams and organizations. For those reasons, we’re excited about the possibility that Mitro may turn into a valuable piece of infrastructure for the community.”

Written By

Eduard Kovacs (@EduardKovacs) is a managing editor at SecurityWeek. He worked as a high school IT teacher for two years before starting a career in journalism as Softpedia’s security news reporter. Eduard holds a bachelor’s degree in industrial informatics and a master’s degree in computer techniques applied in electrical engineering.

Click to comment

Trending

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest threats, trends, and technology, along with insightful columns from industry experts.

Join the session as we discuss the challenges and best practices for cybersecurity leaders managing cloud identities.

Register

SecurityWeek’s Ransomware Resilience and Recovery Summit helps businesses to plan, prepare, and recover from a ransomware incident.

Register

Expert Insights

Related Content

Application Security

Cycode, a startup that provides solutions for protecting software source code, emerged from stealth mode on Tuesday with $4.6 million in seed funding.

Cybersecurity Funding

SecurityWeek investigates how political/economic conditions will affect venture capital funding for cybersecurity firms during 2023.

CISO Strategy

SecurityWeek spoke with more than 300 cybersecurity experts to see what is bubbling beneath the surface, and examine how those evolving threats will present...

CISO Conversations

Joanna Burkey, CISO at HP, and Kevin Cross, CISO at Dell, discuss how the role of a CISO is different for a multinational corporation...

CISO Conversations

In this issue of CISO Conversations we talk to two CISOs about solving the CISO/CIO conflict by combining the roles under one person.

CISO Strategy

Security professionals understand the need for resilience in their company’s security posture, but often fail to build their own psychological resilience to stress.

Cyber Insurance

Cyberinsurance and protection firm Boxx Insurance raises $14.4 million in a Series B funding round led by Zurich Insurance.