History
LogMeIn was founded in 2003 in Budapest as 3am Labs, and changed its name in 2006.[12]
In 2006, 3am Labs acquired Hamachi, a VPN product.[13]
LogMeIn, Inc., completed an initial public offering in 2009. Trading of LogMeIn, Inc., shares on the NASDAQ Global Market commenced on July 1, 2009.[14]
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.[15] In May 2014, it added to this initiative by acquiring Ionia Corp., which specializes in integrating connected objects.[16]
LogMeIn, Inc., acquired Bold Software, LLC, in 2012.[17][18]
The company abruptly discontinued LogMeIn Free on January 21, 2014, giving users only a seven-day grace period to migrate to LogMeIn Pro.[19]
LogMeIn acquired Meldium for $15M in September 2014[20] and retired the Meldium product offering in July 2017.[21]
On October 9, 2015, LogMeIn acquired LastPass for US$110 million.[22][23][24][25] On December 14, 2021, the company announced that LastPass would spin off into its own cloud-based security company.[26] The spin-off was completed in May 2024.[27]
In July 2016, LogMeIn announced in a merger with Citrix's GoTo products using a Reverse Morris Trust.[28]
In February 2017, LogMeIn completed a merger with GetGo, the corporate spin-off of the GoTo product line from Citrix Systems.[29]
In February 2018, the company announced the sale of Xively to Google for $50M.[30] Also in February 2018, the company announced the acquisition of Jive Communications for $342M.[31]
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 was delisted from NASDAQ.[32]
On February 2, 2022, LogMeIn was rebranded as GoTo,[33] restoring the original brand that ExpertCity created in 1998, before Citrix Systems acquired it in 2004.
On January 28, 2025, GoTo products have been rebranded as LogMeIn.[34]
