LogMeIn agrees to be acquired by Francisco Partners and Evergreen for $4.3B
Found on Techcrunch on Thursday, 19 December 2019
Bill Wagner, president and CEO at LogMeIn said in a statement that the price reflects the high value of the company and will give stockholders a meaningful return. As you would expect, he also was optimistic that the partnership with Francisco and Evergreen will help the company going forward.
It has a variety of other products, including remote access tools. It raised $30 million in venture funding, according to Crunchbase data, before it went public in 2009.
Nobody should be retarded enough to manage access to systems via a 3rd party.