LogMeIn to acquire LastPass

cyberguypr

BOSTON, Oct. 09, 2015 (GLOBE NEWSWIRE) -- LogMeIn, Inc. (Nasdaq:LOGM) today announced that it has agreed to acquire LastPass (incorporated as Marvasol, Inc.), the popular single-sign-on (SSO) and password management service. 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. The deal is expected to close in the coming weeks.

https://blog.lastpass.com/2015/10/lastpass-joins-logmein.html

https://investor.logmeininc.com/about-us/investors/news/press-release-details/2015/LogMeIn-to-Acquire-Password-Management-Leader-LastPass/default.aspx

Users commenting in the LastPass blog are blasting LP for the decision. I ditched LogMeIn when they got rid of the free tier but never really had any other issues.

Thoughts?

gespenstern

That's so typical for successful startups.

Now every developer in lastpass team without options hates owners. Expect twits from owners on their new real estate and how they hang out in Ibiza with celebrities and life suddenly sucks for them because they feel lonely, lol.

Don't give sh!t personally, I use keepass.

Regular end-user folks rarely get a win out of corporate acquisitions IMO.