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Key people at LogMeIn.
LogMeIn provides remote access, support, and endpoint management solutions. Its platforms, including LogMeIn Central and Pro, enable secure access to computers, files, and applications. The company utilizes practical AI, assisting IT professionals and Managed Service Providers to optimize support and secure user environments.
LogMeIn was co-founded in 2003 by Michael K. Simon and Marton Anka. Simon, who served as Chairman and CEO for over a decade, recognized the growing need for secure remote connectivity. Their insight focused on democratizing access to computing resources, enabling seamless operations for distributed workforces.
The company serves IT professionals, Managed Service Providers, and businesses focused on productivity and security. LogMeIn’s vision is that technology removes traditional barriers. Its mission involves unlocking the modern workforce's full potential, simplifying IT complexities and fostering secure, adaptive global work environments.
Key people at LogMeIn.
LogMeIn is a Boston-based SaaS company specializing in cloud-based remote work tools for collaboration, IT management, customer engagement, and secure access.[1][2][6] It offers market-defining products like LastPass, GoToConnect, GoToMeeting, GoToMyPC, Rescue, and its core LogMeIn remote access platform, serving millions of users, over 2 million customers worldwide, and addressing remote connectivity challenges in a distributed work environment.[2][3] With approximately 4,000 employees and over $1.3 billion in annual revenue as of recent reports, LogMeIn solves problems like remote support, asset management, and digital identity security for businesses and individuals, powering work-from-anywhere capabilities.[1][2][3]
The company targets IT teams, managed service providers, enterprises, and SMBs, enabling seamless remote access to computers and devices while integrating features like VPN (via acquired Hamachi), IoT cloud services, and endpoint management.[1][4]
LogMeIn traces its roots to 2003, when it was founded in Budapest, Hungary, as 3am Labs by a team of developers.[1] The company acquired the Hamachi VPN product early on and rebranded to LogMeIn in 2006, shifting focus to remote access software.[1] It went public via IPO on NASDAQ in 2009, marking rapid growth, and expanded into cloud IoT services with the 2011 acquisition of Pachube (later Xively) and 2014 purchase of Ionia Corp. for connected objects.[1]
Key milestones include the 2012 acquisition of Bold Software, 2014 purchase of Meldium (a password manager later integrated), and a major 2017 merger with Citrix's GoTo family (including GoToAssist, originally from 1997-founded Expertcity), bolstering its remote support portfolio.[1][4] In 2020, Francisco Partners and Evergreen Coast Capital (Elliott affiliate) took it private for $86.05 per share, ending public trading and positioning it for focused private growth amid surging remote work demand.[2] Headquartered at 320 Summer Street in Boston since its U.S. expansion, LogMeIn evolved from a Hungarian startup into a global SaaS leader.[1][3]
LogMeIn rides the remote and hybrid work megatrend, accelerated by global shifts post-2020, providing essential tools for distributed teams amid rising cybersecurity threats and IoT proliferation.[2] Its timing capitalized on pre-pandemic remote access needs, evolving from basic VPN/remote desktop to full-suite platforms including endpoint management (Resolve) that unify RMM, MDM, and ticketing for IT pros.[4]
Market forces like SaaS adoption, zero-trust security demands, and work-from-anywhere mandates favor LogMeIn, with its private status enabling agile innovation without public market pressures.[2] It influences the ecosystem by setting standards in remote support (e.g., via acquired Expertcity tech) and partnering with firms like Acronis for resilience, empowering millions in collaboration and management while competing in a crowded field of Zoom, TeamViewer, and Microsoft tools.[1][2][4]
LogMeIn's private ownership positions it for accelerated product integration and AI-enhanced remote tools, potentially expanding into emerging areas like edge computing and advanced identity verification.[2] Trends like hybrid work persistence, rising cyber threats, and IoT growth will shape its path, with Resolve's 2025 Acronis tie-up signaling deeper disaster recovery plays.[4]
Its influence may evolve toward dominating enterprise IT management, leveraging Boston's talent hub for global scale—reinforcing its role as a remote work pioneer in an ever-virtual world.[2][3]
