https://www.channelfutures.com/wp-content/themes/channelfutures_child/assets/images/logo/footer-new-logo.png
  • Home
  • Technologies
    • Back
    • Analytics
    • Artificial Intelligence
    • Cloud
    • Data Centers
    • Desktop
    • IoT
    • Mobility
    • Networking
    • Open Source
    • RMM/PSA
    • Security
    • Virtualization
    • Voice/Connectivity
  • Strategy
    • Back
    • Best Practices
    • Business Models
    • Channel 101
    • Channel Programs
    • Channel Research
    • Digital Transformation
    • Diversity & Inclusion
    • Leadership
    • Mergers and Acquisitions
    • Sales & Marketing
    • Specialty Practices
  • MSSP Insider
    • Back
    • Business of Security
    • Cloud and Edge
    • Endpoint
    • Network
    • People and Careers
    • Training and Policies
  • MSP 501
    • Back
    • 2021 MSP 501 Application
    • 2020 MSP 501 Rankings
    • 2020 Hot 101 Rankings
    • 2020 MSP 501 Report
  • Intelligence
    • Back
    • Our Sponsors
    • From the Industry
    • Content Resources
    • COVID-19 Partner Help
    • Galleries
    • Podcasts
    • Reports
    • Videos
    • Webinars
    • White Papers
  • EMEA
  • Awards
    • Back
    • Excellence in Digital Services
    • 2021 MSP 501
    • Top Gun 51
  • Events
    • Back
    • CP Conference & Expo
    • Channel Partners Evolution
    • Channel Evolution Europe
    • Channel Partners Event Coverage
    • Webinars
  • Channel Mentor
    • Back
    • Channel Market Intelligence
    • Channel Educational Series
Channel Futures
  • NEWSLETTER
  • Home
  • Technologies
    • Back
    • Analytics
    • Artificial Intelligence
    • Cloud
    • Data Centers
    • Desktop
    • IoT
    • Mobility
    • Networking
    • Open Source
    • RMM/PSA
    • Security
    • Virtualization
    • Voice/Connectivity
  • Strategy
    • Back
    • Best Practices
    • Business Models
    • Channel 101
    • Channel Programs
    • Channel Research
    • Digital Transformation
    • Diversity & Inclusion
    • Leadership
    • Mergers and Acquisitions
    • Sales & Marketing
    • Specialty Practices
  • MSSP Insider
    • Back
    • Business of Security
    • Cloud and Edge
    • Endpoint
    • Network
    • People and Careers
    • Training and Policies
  • MSP 501
    • Back
    • 2021 MSP 501 Application
    • 2020 MSP 501 Rankings
    • 2020 Hot 101 Rankings
    • 2020 MSP 501 Report
  • Intelligence
    • Back
    • Our Sponsors
    • From the Industry
    • Content Resources
    • COVID-19 Partner Help
    • Galleries
    • Podcasts
    • Reports
    • Videos
    • Webinars
    • White Papers
  • EMEA
  • Awards
    • Back
    • Excellence in Digital Services
    • 2021 MSP 501
    • Top Gun 51
  • Events
    • Back
    • CP Conference & Expo
    • Channel Partners Evolution
    • Channel Evolution Europe
    • Channel Partners Event Coverage
    • Webinars
  • Channel Mentor
    • Back
    • Channel Market Intelligence
    • Channel Educational Series
    • Newsletter
  • REGISTER
  • MSPs
  • VARs / SIs
  • Digital Service Providers
  • Cloud Service Providers
  • CHANNEL PARTNERS ONLINE
 Channel Futures

Strategy


Michael K Simon chairman and CEO of LogMeIn

LogMeIn Acquires LastPass for $110 Million

  • Written by Michael Cusanelli
  • October 13, 2015

Software-as-a-service provider LogMeIn has acquired LastPass for $110 million in cash.

Software-as-a-service provider LogMeIn has acquired LastPass for $110 million in cash.

The acquisition of the single sign-on and password management service provider is expected to help LogMeIn to continue its growth in the identity and access management market, according to the announcement. 

The deal is expected to close in the coming weeks, with the possibility of up to an additional $15 million in cash to be paid to equity holders and key employees of LastPass “upon achievement of certain milestone and retention targets over the two-year period following the close of the transaction,” the deal stated.

“LastPass has a great business, a beloved and award-winning product, millions of loyal users and thousands of great business customers—they are synonymous with the category,” said Michael Simon, LogMeIn’s chairman and CEO, in a statement. “We believe this transaction instantly gives us a market-leading position in password management, while also providing a highly favorable foundation for delivering the next generation of identity and access management solutions to individuals, teams and companies.”

With the number of different cloud, web and mobile apps being used in enterprise environments, LogMeIn is looking to capitalize on the confusion within many companies by offering a product and go-to-market strategy to help secure sensitive information. The company said it will utilize LastPass’ solutions to augment its identity portfolio and offer inroads for future market leadership.

For the time being, LastPass’s product line will continue to be supported, but LogMeIn said it plans to converge the company’s solutions with that of Meldium (which was acquired last year) to eventually create a single identity management offering based on the LastPass service and brand.

“LogMeIn and LastPass share a great common vision on reshaping identity and access management in ways that not only increase productivity but also improve security for individuals and companies alike,” said Joe Siegrist, CEO of LastPass. “The striking commonality between our businesses, our products and cultural DNA make this a great fit for both teams, and we believe a great win for our customers.”

Tags: Cloud Service Providers Digital Service Providers MSPs VARs/SIs Strategy

Related


  • Job cuts
    Latest VMware Job Cuts Impact More Workers in California
    The layoffs will begin March 30.
  • Hottest Ticket in Town
    Channel Partners Virtual 2021 Is the Hottest Ticket in Town
    And that means any town, since it’s 100% online. Will you be there?
  • strong customer relationship
    Datto Partners with ThreatLocker for Secure MSP Business Operations
    MSPs have seen increased security risks for clients amid COVID-19.
  • Brexit
    Now That a Brexit Deal is Done, What's Next for the UK Channel?
    There's an Increased need for virtual services and video conferencing, and a focus on security moving forward.

Leave a comment Cancel reply

-or-

Log in with your Channel Futures account

Alternatively, post a comment by completing the form below:

Your email address will not be published. Required fields are marked *

Related Content

  • OneLogin Hires Juniper Networks Vet to Lead Accelerate Partner Program
  • Fortinet Vet Geoff Kreiling Departs for Deep Instinct
  • 3 Strategies for Selling Zero Trust in the Channel
  • BlackBerry Research: MSSPs Increasingly Targeted by Hacker-for-Hire Groups

Galleries

View all

Channel Partners Virtual 2021 Is the Hottest Ticket in Town

February 26, 2021

Industry Perspectives

View all

Backup Vulnerability: 4 Targets Hackers Might Utilize to Infiltrate Your Backup Solution

March 2, 2021

The “Roaring 20s” Are Coming

February 25, 2021

Three Ways MSPs Can Improve Supply Chain Security

February 24, 2021

Webinars

View all

A Partner’s Perspective on Channel Success in 2021

March 23, 2021

XDR and Why it Matters to MSPs

March 24, 2021

Top Security Trends Impacting Technology Security Providers In 2021

March 25, 2021

White Papers

View all

Why Fortinet for my MSSP?

March 2, 2021

Small and Mid-Size Business Security: 4 Steps to Success

March 2, 2021

How SMBs Can Secure Endpoints and Remote Workers for the Long Haul

March 2, 2021

Upcoming Events

View all

Channel Partners Virtual

March 2, 2021 - March 4, 2021

Channel Partners Conference & Expo

November 1, 2021 - November 4, 2021

Videos and Fastchats

View all

FASTCHAT: How SOAR Eliminates Security Challenges and Elevates Service Provider Revenues

January 6, 2021

Happy Holidays from Channel Partners & Channel Futures!

December 21, 2020

FASTCHAT: How Old, Unpatched Technologies Are Creating New Security Threats for MSPs and Their Customers

December 3, 2020

Twitter

ChannelFutures

.@Netrality launches expanded partner program. #datacenters dlvr.it/RtrKXt https://t.co/2qHhnqrF7g

March 3, 2021
ChannelFutures

With day one of #CPVirtual in the books, we offer a recap of highlights and look ahead to day two. @Channel_Expo… twitter.com/i/web/status/1…

March 3, 2021
ChannelFutures

Why Fortinet for my MSSP? @EXN_Networks dlvr.it/Rtr1JS https://t.co/VV1dfuEK3r

March 2, 2021
ChannelFutures

Small and Mid-Size Business Security: 4 Steps to Success @EXN_Networks dlvr.it/Rtr1J9 https://t.co/ENfDHBfajN

March 2, 2021
ChannelFutures

How SMBs Can Secure Endpoints and Remote Workers for the Long Haul @EXN_Networks dlvr.it/Rtr1Hq https://t.co/3aAZL31Y2e

March 2, 2021
ChannelFutures

Mapping the Ransomware Landscape @EXN_Networks dlvr.it/Rtr1F6 https://t.co/oTSoIJKlA5

March 2, 2021
ChannelFutures

Top 5 Considerations when Selecting an EDR Solution @EXN_Networks dlvr.it/Rtqt8V https://t.co/g9VLXbj2Rx

March 2, 2021
ChannelFutures

[email protected] launches new #partnerprogram. #zerotrust dlvr.it/RtqhZB https://t.co/yIUhvYkYUs

March 2, 2021

MSSP Insider

Newsletters and Updates

Sign up for The Channel Report, Channel Futures Update, MSP 501 Newsletter and more.

Live Channel Events

Get the latest information on the next industry-leading Channel Partners event.

Channel Partners Online

Want more? Find more channel news and analysis on our sister site, Channel Partners.

Media Kit And Advertising

Want to reach our audience? Access our media kit

DISCOVER MORE FROM INFORMA TECH

  • Channel Partners Online
  • Channel Partners Events
  • MSP 501
  • MSSP Insider
  • IoT World Today
  • Webhostingtalk

WORKING WITH US

  • Contact
  • About us
  • Advertise
  • Newsletter

FOLLOW Channel Futures ON SOCIAL

  • Privacy
  • CCPA: “Do Not Sell My Data”
  • Cookie Policy
  • Terms
Copyright © 2021 Informa PLC. Informa PLC is registered in England and Wales with company number 8860726 whose registered and Head office is 5 Howick Place, London, SW1P 1WG.
This website uses cookies, including third party ones, to allow for analysis of how people use our website in order to improve your experience and our services. By continuing to use our website, you agree to the use of such cookies. Click here for more information on our Cookie Policy and Privacy Policy.
X