Summify is a social summarizing tool. It connects to all of your feeds — currently only Google (including blogs), Facebook, and Twitter — and automatically summarizes which stories, news, and updates are the most important and relevant to you. This then gives you a personalized newspaper-like result.

The company even had an iPhone app, which we reviewed, but you will notice that the Summify app is no longer available in the App Store.

In a recent blogpost by the folks over at Summify, they announced they were acquired by Twitter.

They’re disabling new account registration, and even taking away some features … “for now.” I know a lot of people who use Summify and its components daily. People are not going to be happy about this. They seem to be dismantling the service entirely, and I can’t help but wonder if this will benefit them, or just hinder them. It’s certainly already hindering the users.

As GigaOM noted, other services like Percolate are stepping up and taking advantage of the fact that Summify will no longer accept new users. Their site states, “Friends of Summify, thanks for dropping by.” Even the News.me site reads, “Summify users: we’re here for you. You’re safe.”

The Summify team is moving from Vancouver to San Francisco to work at the Twitter office. We’re interested in finding out what happens with this new partnership, but, to be honest, I fear for Summify’s future. Because, as we all know, Twitter keeps getting their hands on things and then ruining them.

If you’re a current Summify user: How is this acquisition affecting you?