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 | |
| Formerly |
|
|---|---|
| Type | Private |
| Industry | Computer software |
| Founded | 2003 in Budapest, Hungary |
| Headquarters | Boston, Massachusetts , US |
| Key people | Rich Veldran (CEO) |
| Products | Cloud-based software as a service |
| Revenue | US$1.262 billion (2019)[1] |
| Owners |
|
Number of employees | 3,974 (2019)[2] |
| Website | goto.com |
GoTo Technologies USA, Inc.,[3] formerly LogMeIn Inc.,[4] is a software as a service (SaaS) company that provides unified communication and IT management software. The company was founded in 2003, and is based in Boston, Massachusetts.[5] On February 2, 2022, the company was rebranded from LogMeIn to GoTo.[6]
With the rebranding to GoTo, the company also announced the launch of a unified application featuring two main products:
- LogMeIn Resolve for IT management and support[7]
- GoTo Connect for business communications[8]
On December 17, 2019, LogMeIn announced an agreement to be sold for $4.3 billion to Francisco Partners and Evergreen Coast Capital Corp., which is a private equity affiliate of Elliott Management Corporation.[9] The deal closed on August 31, 2020.[10] In 2022, GoTo announced the purchase of the mobile device management company Miradore.[11]
History
LogMeIn was founded in 2003 in Budapest as 3am Labs, and changed its name in 2006.[12]
In 2006, 3am Labs acquired Hamachi, a VPN product.[13]
LogMeIn, Inc., completed an initial public offering in 2009. Trading of LogMeIn, Inc., shares on the NASDAQ Global Market commenced on July 1, 2009.[14]
In 2011, the company began a move into cloud services for the Internet of things by acquiring Pachube, which would later become the Xively service.[15] In May 2014, it added to this initiative by acquiring Ionia Corp., which specializes in integrating connected objects.[16]
LogMeIn, Inc., acquired Bold Software, LLC, in 2012.[17][18]
The company abruptly discontinued LogMeIn Free on January 21, 2014, giving users only a seven-day grace period to migrate to LogMeIn Pro.[19]
LogMeIn acquired Meldium for $15M in September 2014[20] and retired the Meldium product offering in July 2017.[21]
On October 9, 2015, LogMeIn acquired LastPass for US$110 million.[22][23][24][25] On December 14, 2021, the company announced that LastPass would spin off into its own cloud-based security company.[26] The spin-off was completed in May 2024.[27]
In July 2016, LogMeIn announced in a merger with Citrix's GoTo products using a Reverse Morris Trust.[28]
In February 2017, LogMeIn completed a merger with GetGo, the corporate spin-off of the GoTo product line from Citrix Systems.[29]
In February 2018, the company announced the sale of Xively to Google for $50M.[30] Also in February 2018, the company announced the acquisition of Jive Communications for $342M.[31]
On August 31, 2020, Elliott Management Corporation, by its affiliate Evergreen Coast Capital, and Francisco Partners completed their acquisition of LogMeIn, and LogMeIn's stock was delisted from NASDAQ.[32]
On February 2, 2022, LogMeIn was rebranded as GoTo,[33] restoring the original brand that ExpertCity created in 1998, before Citrix Systems acquired it in 2004.
On January 28, 2025, GoTo products have been rebranded as LogMeIn.[34]
Products
The company's product portfolio is split into two business units; unified communications and collaboration, and IT management & support.[35] The products include:
- GoTo Business Communication Products
- GoTo Connect
- GoTo Contact Center
- GoTo Meeting
- GoTo Webinar
- GoTo Training
- Grasshopper
- LogMeIn IT Management & Support Products
- LogMeIn Resolve
- LogMeIn Rescue
- LogMeIn Miradore
- LogMeIn Pro
- LogMeIn Central
- GoToMyPC
- Hamachi
See also
References
- ↑ "LogMeIn Announces Fourth Quarter and Fiscal Year 2019 Results". LogMeIn. Archived from the original on June 21, 2020. Retrieved May 25, 2020.
- ↑ "LogMeIn Fourth Quarter 2019 Supplemental Data Sheet" (PDF). LogMeIn. December 31, 2019. Archived from the original (PDF) on June 21, 2020. Retrieved May 26, 2020.
- ↑ "GoTo Technologies USA, LLC | BBB Business Profile | Better Business Bureau".
- ↑ "LogMeIn rebrands as GoTo, still plans to spin off LastPass". February 2, 2022.
- ↑ "Business Summary".
- ↑ "LogMeIn rebrands as GoTo, still plans to spin off LastPass". February 2, 2022.
- ↑ "The G2 on LogMeIn Resolve".
- ↑ GoTo Connect
- ↑ Miller, Ron (December 17, 2019). "LogMeIn agrees to be acquired by Francisco Partners and Evergreen for $4.3B". techcrunch.com. Techcrunch. Retrieved December 17, 2019.
- ↑ "Francisco Partners and Evergreen Coast Capital Complete Acquisition of LogMeIn". GlobeNewswire News Room (Press release). August 31, 2020. Archived from the original on October 15, 2020. Retrieved October 6, 2020.
- ↑ "GoTo Acquires MDM Company Miradore". July 7, 2022.
- ↑ "Budapest-founded startup LogMeIn valued at $4.3bn in acquisition deal". www.intellinews.com. December 19, 2019. Archived from the original on October 4, 2022. Retrieved August 27, 2020.
- ↑ "LogMeIn acquires instant VPN creator". Archived from the original on October 14, 2007.
- ↑ "SEC Form 10-K". December 31, 2010. Archived from the original on October 6, 2022. Retrieved January 8, 2013.
- ↑ Mike Butcher (July 20, 2011). "LogMeIn acquires 'Internet of Things' Startup Pachube for $15m In Cash". TechCrunch.
- ↑ Alspach, Kyle (May 6, 2014). "LogMeIn acquires Boston 'Internet of Things' firm for $12 million". BetaBoston. Archived from the original on May 6, 2014. Retrieved May 6, 2014.
- ↑ "LogMeIn LogMeIn Acquires Bold Software | LogMeIn". Investor.logmein.com. January 9, 2012. Archived from the original on December 12, 2013. Retrieved February 20, 2014.
- ↑ "LogMeIn Acquires Web Chat Company Bold Software For $16.5 M". TechCrunch. January 9, 2012. Archived from the original on March 16, 2014. Retrieved February 20, 2014.
- ↑ "FAQ about Changes to LogMeIn Free". January 24, 2014. Archived from the original on February 3, 2014.
- ↑ Kepes, Ben. "LogMeIn Acquires Meldium--Start Of The Identity Consolidation?". Forbes. Archived from the original on August 4, 2017. Retrieved May 13, 2017.
- ↑ "Plans to Retire Meldium". Meldium by LogMeIn. Archived from the original on March 24, 2018. Retrieved August 3, 2017.
- ↑ Brodkin, Jon (October 9, 2015). "LogMeIn buys LastPass password manager for $110 million". Ars Technica. Condé Nast. Retrieved December 14, 2018.
- ↑ Perez, Sarah (October 9, 2015). "LogMeIn Acquires Password Management Software LastPass For $110 Million". TechCrunch. Oath Tech Network. Archived from the original on December 2, 2018. Retrieved December 14, 2018.
- ↑ "LogMeIn to Acquire Password Management Leader LastPass". LogMeIn, Inc. October 9, 2015. Archived from the original on January 31, 2016. Retrieved December 14, 2018.
- ↑ "LastPass Joins the LogMeIn Family". LastPass. October 9, 2015. Archived from the original on October 9, 2015. Retrieved December 14, 2018.
- ↑ "LogMeIn Set to Establish LastPass as an Independent Cloud Security Company Amid Strong Market Demand". www.logmein.com. Archived from the original on February 2, 2022. Retrieved February 2, 2022.
- ↑ Davis, Wes (May 1, 2024). "LastPass goes independent over a year after serious breaches". The Verge. Archived from the original on May 6, 2024. Retrieved May 6, 2024.
- ↑ "LogMeIn Announces Merger with Citrix's GoTo Family of Products to Create Billion Dollar Industry Leader" (Press release). GlobeNewswire. July 26, 2016. July 26, 2016
- ↑ "BRIEF-Citrix completes spin-off and merger of Goto family of service offerings with Logmein". Reuters. February 1, 2017. Archived from the original on February 3, 2017. Retrieved February 2, 2017.
- ↑ Ron Miller (February 15, 2018). "Google to acquire Xively IoT platform from LogMeIn for $50M". TechCrunch. Archived from the original on June 6, 2023. Retrieved April 7, 2018.
- ↑ Gagliordi, Natalie. "LogMeIn buys Jive Communications for $342 million". ZDNet. Archived from the original on February 11, 2018. Retrieved February 8, 2018.
- ↑ "Francisco Partners and Evergreen Coast Capital Complete Acquisition of LogMeIn" (Press release). NASDAQ. Globe Newswire. August 31, 2020.
- ↑ "LogMeIn Rebrands as GoTo with a New Application Combining Support and Communications Solutions, New Products, and a New Partner Network" (Press release). February 2, 2022.
- ↑ "LogMeIn Returns as GoTo's IT Portfolio Brand". January 28, 2025.
- ↑ "Key Channel Headlines: LogMeIn Returns as GoTo's IT Portfolio Brand, INKY Introduces New Generative AI Capabilities, and more". January 31, 2025.