Skip to main content

LogMeIn buys password manager LastPass for $110 million

lastpass on phone
guteksk7/Shutterstock
While devices from the iPad to the Xbox have altered the way we spend our leisure time, technology is also prompting some big changes in the world of work. LogMeIn is one company that offers services designed to help keep businesses running smoothly with the aid of tech, and today the firm announced the acquisition of password manager LastPass.

LastPass is a popular tool that allows users to create and store randomized passwords. Since it launched back in 2008, the service has managed to amass a considerable user base, thanks in no small part to its ability to share passwords between several different types of devices.

In LogMeIn’s related announcement, according to a report from Liliputing, the company stated that the deal was made for a figure in excess of $100 million. It’s clear that LogMeIn sees a considerable value in adding password manager functionality to their current array of services.

It’s more difficult to determine just what the future holds for LastPass as an entity discrete from LogMeIn. While it would follow that the tool is set to be folded into its new owner’s larger enterprise, its service could continue to be offered separately as well.

Last year, LogMeIn bought out Meldium, another password-centric service with a speciality in team usage. Meldium is still available for use separately to LogMeIn, so that strategy might be employed once again with LastPass.

The reality is that many individuals who use LastPass likely wouldn’t be interested in the tools for business offered by LogMeIn — and there are of course other password managers that they could use to replace the service. At present, LogMeIn plans to continue active development of LastPass in its current iteration for the foreseeable future.

Editors' Recommendations

Brad Jones
Former Digital Trends Contributor
Brad is an English-born writer currently splitting his time between Edinburgh and Pennsylvania. You can find him on Twitter…
You should update the LastPass password manager browser extension immediately
lastpass on phone

The developers behind popular password manager LastPass have patched a loophole that exposed your last used password. Originally discovered in August by Tavis Ormandy, a researcher from Google's Project Zero, the security flaw allowed malicious websites to trick the browser extension into giving away credentials you entered on a previous site.

LastPass says it rolled out an update for the browser add-on on September 13th, two weeks after the vulnerability was first reported by Ormandy.

Read more
Filmora at VidCon 2023: YouTube Creators Embrace AI for Future Video Content

This content was produced in partnership with Wondershare.
Wondershare's Filmora has shown everyone how it's done at VidCon 2023, highlighting its unique AI-powered tools that elevate video content creation for everyone, not just the experts out there. But before we dig ourselves too deep, let's backtrack a little.

I think most of us can agree we are in the age of artificial intelligence. Maybe it's not taking over anytime soon, but there are dozens, if not hundreds of new tools available across a swath of industries. Of course, it shows some real promise in the world of creativity, allowing many of us to be more productive than ever. The world of video creation is no exception to that rule, and AI really stands out as a useful tool. Understandably, Wondershare Filmora have acted quickly to capture practical trends, by adding AI-powered tools to the video content creation suite. Filmora, as you may know, is an excellent video production and editing tool, that truly simplifies the entire process of video creation -- and allows content creators to take their vision to the next level with unique alterations, effects, and toolsets.

Read more
Best Salesforce alternatives 2023: 7 other CRM tools worth trying
A customer relationship management diagram.

In the realm of sales management, finding the right customer relationship management software (or CRM) is crucial for streamlining your sales funnel, nurturing customer relationships, and boosting your conversion rate. While Salesforce has long been a dominant player in the CRM market, there are a number of compelling alternatives that offer comparable functionalities and features.

This roundup explores seven powerful Salesforce alternatives, analyzing their unique strengths, customizable interfaces, and integration capabilities. Whether you're a small startup, a growing medium-sized business, or an established enterprise, these CRM systems provide diverse solutions to your specific sales management needs. From advanced AI-driven lead prioritization to intuitive visual pipelines, each alternative offers its own benefits that can transform how you approach sales. Ready to level up your sales game? Let's dive in:
Freshsales

Read more