> I want companies like AgileBits to thrive […] But I want the choice of where my data reside.

Either you subscribe to their SaaS business model (and trust them to make the right choices with regard to your data) or you don't and keep sovereignty over your data.

If you want data sovereignty, keep your (unencrypted¹) data local, and don't use proprietary software when you can't decide that you don't want the next version after reading the release notes.

1: Where 'encrypted' in this context means encrypted with your local, private encryption keys.