^ "LogMeIn Fourth Quarter 2019 Supplemental Data Sheet" (PDF). ^ "LogMeIn Announces Fourth Quarter and Fiscal Year 2019 Results".RemotelyAnywhere – remote access and administration software.LogMeIn Backup – remote backup software.Hamachi – network virtualization and VPN service.Central – web application focused on IT management for remotely managing PCs and servers running on Windows or Mac OS X operating systems.Pro – subscription-based remote access and administration software.Rescue – remote support ( help desk) web application used by large contact centers and help desks for diagnosing and troubleshooting computers, smartphones and tablets.The company's products are focused on three business areas, including Unified Communications and Collaboration services, Identity and Access Management services, and Customer engagement and support services. On February 2, 2022, LogMeIn was rebranded as GoTo, restoring the original brand that ExpertCity created in 1998, before Citrix Systems acquired it in 2004. 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 delisted from NASDAQ. Also in February 2018, the company announced the acquisition of Jive Communications for $342M. In February 2018, the company announced the sale of Xively to Google for $50M. In February 2017, LogMeIn completed a merger with GetGo, the corporate spin-off of the GoTo product line from Citrix Systems. In July 2016, LogMeIn announced in a merger with Citrix's GoTo products using a Reverse Morris Trust. On December 14, 2021, the company announced that LastPass would spin off into its own cloud-based security company. On October 9, 2015, LogMeIn acquired LastPass for US$110 million. LogMeIn acquired Meldium for $15M in September 2014 and retired the Meldium product offering in July 2017. The company abruptly discontinued LogMeIn Free on January 21, 2014, giving users only a seven-day grace period to migrate to LogMeIn Pro. LogMeIn, Inc., acquired Bold Software, LLC, in 2012. In May 2014, it added to this initiative by acquiring Ionia Corp., which specializes in integrating connected objects. 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. Trading of LogMeIn, Inc., shares on the NASDAQ Global Market commenced on July 1, 2009. LogMeIn, Inc., completed an initial public offering in 2009. ģam Labs acquired the Hamachi VPN product. LogMeIn was founded in 2003 in Budapest as 3am Labs, and changed its name in 2006. History Former logo before the rebranding 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. The rebrand to GoTo announced the launch of a single application with two flagship products: GoTo Resolve for IT management and GoTo Connect for a collaboration application. On Februthe company was rebranded from LogMeIn to GoTo. The company was founded in 2003, and is based in Boston, Massachusetts. GoTo, formerly LogMeIn Inc., is a flexible-work provider of software as a service ( SaaS) and cloud-based remote work tools for collaboration and IT management.
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