LogMeIn acquired LastPass password manager for $125 million
Hungarian remote computing company LogMeIn acquired password management service LastPass for $125 million. It is a good buy for LogMeIn, which already has millions of customers who care about secure access to multiple devices and accounts.LogMeIn acquired the popular single-sign-on (SSO) and password management service LastPass in a deal worth at least $120 million. A high growth business with millions of loyal users and an award winning product line, LastPass will immediately bolster LogMeIn's position in the multi-billion dollar identity and access management (IAM) market, while accelerating one of the company's key strategic growth initiatives.Read more »
