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"LastPass bought by LogMeIn for $110 million", via ZDNet


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#1 Aura

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Posted 10 October 2015 - 02:03 PM

Remote access software maker LogMeIn has acquired the password management software startup LastPass for $110 million.

In addition, another $15 million in cash is available in contingent payments if LastPass meets certain milestone and retention targets over the two-year period following the closing of the acquisition, which would bring the total price tag to $125 million.

LastPass, which is technically incorporated as Marvasol Inc., makes a popular remote access product and competes with the likes of Dashlane, 1Password, KeePass and Password Safe.


Source: http://www.zdnet.com/article/lastpass-bought-by-logmein-for-110-million/

I don't mind LogMeIn buying LastPass (good for them, it's always good when a startup finally succeed and gets rewarded for their effort), as long as they don't discontinue the main LastPass product to offer an "all-in-one" product that will end up being paid. If it ends up that way, I'll be moving password manager.

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#2 Sintharius

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Posted 10 October 2015 - 02:18 PM

Same, if LastPass ends up being paid then I will change password manager.

#3 JohnC_21

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Posted 10 October 2015 - 03:46 PM

Personally, I don't use these online Password Managers. Didn't LastPass get hacked? I use Keypass on a USB key in addition to a keyfile for encryption. 


Edited by JohnC_21, 10 October 2015 - 03:48 PM.


#4 Aura

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Posted 10 October 2015 - 08:04 PM

Yes, it did. Hopefully merging with LogMeIn while increase their security, and I'm not worried about the hack since I have 2FA enabled on it and the passwords are all strongly encrypted.

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#5 Tenis

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Posted 11 October 2015 - 12:32 AM

Are we sure LogMeIn's intention is not buying users information rather than product?

In this case both companies will have user's passwords and is it surety that they wouldn't misuse or sell users information?


Edited by Tenis, 11 October 2015 - 12:33 AM.


#6 JohnC_21

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Posted 11 October 2015 - 07:59 AM

Furious LastPass fans fear password wrangler's fate amid LogMeIn's gobble

 

LastPass has been acquired by LogMeIn, and people are deeply unhappy about the deal.

The password manager announced on Friday that it was being gobbled up by the remote-desktop software biz LogMeIn for $125m. It's expected that the deal will close over the next several weeks.

LogMeIn didn't provide details about what it would do with LastPass, but did say the password vault could be integrated with its previously acquired Meldium password manager.

 

 

Not sure it means anything but Meldium Password Manager is a paid product. 



#7 Sintharius

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Posted 11 October 2015 - 08:28 AM

Time to jump ship, I guess.

Is there any way to cancel my LastPass vault to not leave my passwords with them?

#8 Aura

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Posted 11 October 2015 - 09:48 AM

From the same article I posted.

LogMeIn says in the near-term, both the Meldium and LastPass product lines will continue to be supported and operated as standalone products, but in the long term it looks like the goal is to offer a singular identity management offering based on the LastPass service and brand.


Meldium will probably go away, LastPass will take over.

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#9 Doompants

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Posted 13 October 2015 - 08:42 AM

From the same article I posted.
 

LogMeIn says in the near-term, both the Meldium and LastPass product lines will continue to be supported and operated as standalone products, but in the long term it looks like the goal is to offer a singular identity management offering based on the LastPass service and brand.


Meldium will probably go away, LastPass will take over.

 

Hopefully this is the case.  



#10 Aura

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Posted 16 October 2015 - 10:38 AM

After LogMeIn deal, LastPass competitors line up to greet defectors - ZDNet

Totally expected.

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#11 JohnC_21

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Posted 17 October 2015 - 09:55 AM

This manager looked interesting but I don't know if it will become paid later.

 

https://encryptr.org/



#12 andrew149

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Posted 19 January 2016 - 02:04 AM

Logmein is a leader in remote support industry and acquistion of LastPass is another feather in its cap. In addition to logmein, tools like teamviewer, gotoassist, gosupportnow, R-HUB remote support servers etc. are widely used by businesses globally for remotely accessing computers form anywhere anytime.






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