If LastPass and Xmarks are two words that ring a bell to you, then you’d be interested about this news. Xmarks which has been struggling to survive for the past months has finally given up and decided to sell out to another company – LastPass. Alright, for the uninitiated like me, LastPass is a cross-platform password manager, while Xmarks is a social bookmarking and browser synchronization application. There, does that sound clear to you now?
Xmarks has been around for several years now and has attracted more than 4.5 million users who have been synching more than 1 billion bookmarks worldwide. Xmarks has given these users a simple solution for accessing bookmarks anywhere, anytime. The influx of users is also the reason why Xmarks as we said has been struggling to keep its services available. Unfortunately, its business models might have not worked for the company, and so this sell out.
So the deal with LastPass will ensure that Xmarks users will continue to enjoy the service while at the same time new features and improvements that will be brought about by the acquisition. According to Xmarks, LastPass’ vision of providing secure, universal access to the information everyone of us gives as we enter the digital life suits well in Xmarks mission.
Financial details of the acquisition was not disclosed but Xmarks and integration is still being planned for implementation in the future. In the meantime, interested users can still download both LastPass and Xmarks as two distinct applications. Administering these two apps will also still be done separately.
Have you used any of these two applications? What do you think about the merger?
Read [Xmarks Blog]
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What do I think about this? It's flipping fantastic!
Not only has my favourite bookmark service been kept alive, it was purchased by my favourite in the cloud password management service. Couldn't have been a better merger if they tried.