Microblogging platform Twitter acquired US-based cloud service company Mitro Labs on Friday for an undisclosed amount, providing an exit to backers including Google Ventures.
Mitro is the creator of a secure password manager for individuals and groups. It will now become an open source company and has released all of its server and client code publicly.
Google Ventures, the corporate venturing arm of internet company Google, invested $1.2m in Mitro in September 2013 alongside venture capital firm Matrix Partners. It has also exited retail marketplace Luvocracy, talk radio app provider Swell, digital gift card manager Gyft and online discount provider FreshPlum in the past two weeks.