In late September, Xmarks, the popular browser add-on that syncs bookmarks, saved passwords, open tabs, and so on, took its some 4.5 million fans on a roller-coaster ride.
It announced the imminent shutdown of the service because of lack of funding just to retract that a few days later when CEO James Joaquin hinted that a knight-in-shining-armor rescue was likely.
Now that rescue has been confirmed. In a blog posted today, Xmarks announced that it has been acquired by LastPass, a cross-platform password management service. This also means that Xmarks is now in transition from a "free" to a "freemium" business model.
The new model, which is similar to that of LastPass, allows people to utilize most of Xmarks' existing functions for free. More-savvy users, however, can also opt for Xmarks Premium, which costs $12 per year and includes new enhanced features such as support for iPhone iOS and Android, priority support, and more.… Read more