The add-on was developed by San Francisco-based company Foxmarks (later renamed Xmarks) which was founded in 2006 by Mitch Kapor[3][4] and was acquired by LastPass in December 2010.
[11] On September 27, 2010 it was announced that due to the company's current financial projections resulting from its purely voluntary-donations funding-basis, in January 2011, Xmarks would be entirely discontinuing its service.
[12] On September 30, Xmarks CEO, James Joaquin, noted that he had been "pleasantly surprised by the volume of interest" that has been expressed since his initial "closing-announcement".
[1] Since this acquisition the program has been minimally updated, primarily fixing bugs, and has not had a single new feature added.
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