“The success we’ve seen across the entire LogMeIn portfolio over the last 18 months proves there is a vast growth opportunity ahead for both LastPass and LogMeIn,” says Andrew Kowal, partner, Francisco Partners. The importance of securing identity verification among consumers and businesses is rising given the rapid proliferation of passwords and the prevalence of unauthorized access by hackers. The majority of LastPass’ business is represented by corporate customers. Listen: My TechDecisions Podcast Episode 80: LogMeIn and Supporting Remote Work “The substantial scale of LastPass, its tremendous growth, and its market leading position and brand makes it a perfect candidate to seize new opportunities as its own standalone company,” says Bill Wagner, president and chief executive officer of LogMeIn. Customers will experience planned enhancements on an accelerated timeline in 2022, with the benefit of additional dedicated LastPass resources.

LogMeIn, Inc., a Boston-based cloud-based solutions provider of LastPass, GoToConnect, GoToMeeting, and Rescue, is making its password management solution LastPass a standalone company.Īccording to the company, LastPass is used by more than 30 million users and 85,000 businesses worldwide and is set for strong and sustained growth as consumers and businesses continue prioritizing password security, according to the company.īy establishing LastPass as a standalone business, the company plans to increase investment in the customer experience, go- to-market functions and engineering to accelerate its organic growth in password management, Single Sign-On (SSO) and Multi-factor Authentication (MFA).

Log me in lastpass