LogMeIn (LOGM) this week launched a new business version of its Cubby cloud-based file sync and share product to assist IT professionals with managing data. This new product, however, may place LogMeIn into an already overcrowded market space.

The company said Cubby Enterprise bridges the gap between IT demands and employee preference by enabling IT to manage company data while also providing employees with choice. The service is a follow-on to the company’s consumer-based Cubby offering, first previewed in November 2012.

But here’s the twist. Cubby Enterprise enables IT to oversee how information is being used, monitor employee activity in real time and enable single sign-on through Active Directory.

“With Cubby Enterprise, we’re aiming to give businesses the best of both worlds by bringing together LogMeIn’s deep understanding of IT management with our proven experience building popular apps,” LogMeIn CEO Michael Simon said in a prepared statement.

The solution joins several others geared to a business audience including Anchor by eFolder, Dropbox, Egnyte and others. MSPmentor put together a quick list here, and commentors added even more names to the list.

Pricing for Cubby Enterprise begins with yearly subscriptions starting at $39.99 per month per groups of five users.

Other major players in the online file storage and sharing space like Google (GOOG) and Box have recently been making changes, too. 

Google last week slashed the pricing of its monthly plans for Google Drive to make the well-known storage platform more affordable to its users.

Box, possibly on its way to publicly announcing its IPO filing, projected its revenue this year to double to more than $200 million, Bloomberg reported.

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