I find this move concerning, and wish that the Founder had looked for a new CEO that shared his values rather than a Private Equity and Mergers Expert.
Furthermore, the change to the GRIT motto is worrying. Trust is useless without Transparency when it comes to code and security.
One device on the lan … would not call that cloud.
It does a similar function though. Your devices are able to connect to it and sync a keepass db between the two. You have a solid solution IMO.