On Friday social-bookmarking service Magnolia announced plans to open up its source code to let anyone add its bookmarking functionality to their site or private organization.

To cut through some of the tech talk it's akin to WordPress.com offering WordPress.org, a downloadable version that can be hosted on the user's own servers . More importantly, the project should help speed up the development of both the hosted and user-installed iterations of the service by tapping into a community of avid developers.

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