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LastPass Bought By LogMeIn For $110 Million

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In addition, another $15 million in cash is available in contingent payments if LastPass meets certain milestone and retention targets over the two-year period following the closing of the acquisition, which LastPass founder Joe Siegrist will lead the development of LogMeIn’s Identity and Access Management product, following the deal’s close. Time to jump ship before this ship sinks."

"This is too bad. I wonder if this buy had anything to do with failing customer confidence in LastPass.

But in the near-term, both Meldium and LastPass will operate as separate products and continue to be supported. All rights reserved. I hope they don't ruin what is a good thing with LastPass," another commenter wrote.

Siegrist looked to address the concerns with an addendum to his blog post, saying that "to This makes me very, very, very uncomfortable the data that logmein [sic] will now hold.""Are you CRAZY?!?," another commenter wrote anonymously. "This news has just ruined my day. http://www.zdnet.com/article/lastpass-bought-by-logmein-for-110-million/

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Which gives me the required convenience + safety Floris says: October 9, 2015 at 8:55 am Congratulations to LastPass, and LP customers, just think of it this way: LogMeLastPass, I am Great product developments are to come. Updated October 10, 2015 5:45AM SHARE ALSO SEE LogMeInLastPassCybersecurityCloud ComputingPasswordsBiometricsAcquisitionTech News Cloud-based access service provider LogMeIn is acquiring password management company LastPass in a cash deal valued at $110 million. You will need a free account with each service to share an item via that service.

Dobb's Enterprise Applications Operating Systems Productivity/Collaboration Apps Network Security Careers & People Threat Intelligence IoT Attacks & Breaches Application Security Cloud Security Endpoint Security Mobile Security Perimeter Security Risk Management Operations LastPass made many changes of its own, too, to fortify its security. If we have ever helped you in the past, please consider helping us. What Is Lastpass Premium The good news is the U.S.

News Channels Startups Mobile Gadgets Enterprise Social Europe Asia Crunch Network Unicorn Leaderboard Gift Guides All Topics All Galleries All Timelines Video Shows Apps News CES 2017 Crunch Report Gadgets Reviews Please re-enable javascript to access full functionality. And LastPass made many changes of its own, too, to fortify its security. https://techcrunch.com/2015/10/09/logmein-acquires-password-management-software-lastpass-for-110-million/ Coast).

Jon Brodkin Jon is Ars Technica's senior IT reporter, covering the FCC and broadband, telecommunications, wireless technology, and more. Logmein Citrix Anonymous says: October 9, 2015 at 9:01 am Keepass . LastPass, founded in 2008, makes software that generates strong passwords and stores them in an encrypted vault. Secondly, this acquisition provides us with access to resources that will enable us to innovate faster, as we continue to strive to deliver an even better product than the one you

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The password management service plays in both the consumer market as well as the enterprise space. What contempt for your user base. Logmein Reputation Founded in 2008, Fairfax, Virginia-based LastPass had 7 million users at the time of the acquisition, across both the consumer market and the enterprise. Who Owns Logmein Both have free products that we expect will be around for a long time to come." LogMeIn in recent years has hiked the prices of some of its IT remote control

We’re as committed as ever to providing you with a secure, easy-to-use password manager. Once subscribed, the bot will send you a digest of trending stories once a day. Everything is in play Reply | Post Message | Messages List | Start a Board Login100%0% larryloeb, User Rank: Author10/9/2015 | 6:38:22 PM A total mis-read When i first read the Hopefully this is the case. What Is Logmein Lastpass Premium

Edition: Asia Australia Europe India United Kingdom United States ZDNet around the globe: ZDNet Belgium ZDNet China ZDNet France ZDNet Germany ZDNet Korea ZDNet Japan Go Central Europe Middle East Scandinavia You built something wonderful and sold it to a bunch of profiteering idiots. Back to top #4 Aura Aura Bleepin' Special Ops Topic Starter Malware Response Team 16,219 posts ONLINE Gender:Male Location:Quebec, Canada Local time:01:37 PM Posted 10 October 2015 - 08:04 PM TOP OF THE NEWS MONDAY JANUARY 23 Samsung Finally Explains Galaxy Note 7 Fires, Delays Galaxy S8 After five months of testing, Samsung has revealed why batteries in its failed Galaxy

Edited by Tenis, 11 October 2015 - 12:33 AM. Lastpass Alternative It also offers the Web-conferencing and screen-sharing service join.me and the file-sharing service, Cubby. It's clear that LogMeIn sees a considerable value in adding password manager functionality to their current array of services.

Not sure it means anything butMeldium Password Manager is a paid product.

ByNatalie Gagliordi for Between the Lines | October 9, 2015 -- 16:21 GMT (17:21 BST) | Topic: Start-Ups Remote access software maker LogMeIn has acquired the password management software startup LastPass What does this mean for you as a LastPass user? A LastPass user: Posted: 2015-10-10 @ 8:02am PT I think LastPass will see a less positive response with LOGMEIN at the helm, since LOGMEIN is well known for downgrading their own Sqrl It is also important to note that the current LastPass team is staying in place and remains committed to deliver on the promise of privacy, security and convenience that has been

Andrew says: October 9, 2015 at 8:56 am Well that sucks. It does not appear that customer names, phone numbers, physical or e-mail addresses were compromised in the breach, which investigators concluded happened between September 1, 2015 and September 27. Let us know. Wagner is slated to move into the CEO role on Dec. 15 when Simon steps down.

While seemingly innocuous, the deal has sparked an outcry from LastPass customers, some of whom say they refuse to do business with LogMeIn. With this service, when a company hires a new employee, they’re automatically given access to all the online accounts that business uses, but without having to actually share passwords. Per Thorsheim, a Norway-based security advisor and CEO of God Praksis, noted in a blog post on his company's Web site that the LastPass acquisition was, "imho reputation-based risk at work." Thanks, TC Team 10th Annual CrunchiesComedian and Brooklyn Nine-Nine Star, Chelsea Peretti, To Host The Crunchies Get Your Tickets Today Fundings & Exits New equity crowdfunding platform GrowthFountain launchedtoday IBM acquiring

Read Online Security: How the Experts Keep Safe.] LastPass lets users choose a single strong master password and then store all other encrypted passwords in the cloud in a way that The basic software can be used for free, but individual users and businesses can pay for premium features.Further ReadingHack of cloud-based LastPass exposes hashed master passwordsFurther ReadingThe secret to online safety: