GoTo Technologies USA, Inc., formerly LogMeIn Inc., is a

software as a service Software as a service (SaaS ) is a cloud computing service model where the provider offers use of application software to a client and manages all needed physical and software resources. SaaS is usually accessed via a web application. Unlike o ...

(

SaaS Software as a service (SaaS ) is a cloud computing service model where the provider offers use of application software to a client and manages all needed physical and software resources. SaaS is usually accessed via a web application. Unlike oth ...

) company that provides unified communication and IT management software. The company was founded in 2003, and is based in

Boston Boston is the capital and most populous city in the Commonwealth (U.S. state), Commonwealth of Massachusetts in the United States. The city serves as the cultural and Financial centre, financial center of New England, a region of the Northeas ...

Massachusetts Massachusetts ( ; ), officially the Commonwealth of Massachusetts, is a U.S. state, state in the New England region of the Northeastern United States. It borders the Atlantic Ocean and the Gulf of Maine to its east, Connecticut and Rhode ...

. On February 2, 2022, the company was rebranded from LogMeIn to GoTo. With the rebranding to GoTo, the company also announced the launch of a unified application featuring two main products: * LogMeIn Resolve for IT management and support * GoTo Connect for business communications On December 17, 2019, LogMeIn announced an agreement to be sold for $4.3 billion to Francisco Partners and Evergreen Coast Capital Corp., which is a private equity affiliate of Elliott Management Corporation. The deal closed on August 31, 2020.In 2022, GoTo announced the purchase of Mobile Device Management (MDM) company Miradore.

History

LogMeIn was founded in 2003 in

Budapest Budapest is the Capital city, capital and List of cities and towns of Hungary, most populous city of Hungary. It is the List of cities in the European Union by population within city limits, tenth-largest city in the European Union by popul ...

as 3am Labs, and changed its name in 2006. In 2006, 3am Labs acquired Hamachi VPN product. LogMeIn, Inc., completed an

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investm ...

in 2009. Trading of LogMeIn, Inc., shares on the NASDAQ Global Market commenced on July 1, 2009. In 2011, the company began a move into cloud services for the

Internet of things Internet of things (IoT) describes devices with sensors, processing ability, software and other technologies that connect and exchange data with other devices and systems over the Internet or other communication networks. The IoT encompasse ...

by acquiring Pachube, which would later become the Xively service. In May 2014, it added to this initiative by acquiring Ionia Corp., which specializes in integrating connected objects. LogMeIn, Inc., acquired Bold Software, LLC, in 2012. The company abruptly discontinued LogMeIn Free on January 21, 2014, giving users only a seven-day grace period to migrate to LogMeIn Pro. LogMeIn acquired Meldium for $15M in September 2014 and retired the Meldium product offering in July 2017. On October 9, 2015, LogMeIn acquired

LastPass LastPass is a password manager application. The standard version of LastPass comes with a Web interface, but also includes plugins for various Web browsers and apps for many smartphones. It also includes support for bookmarklets. Founded in ...

for US$110 million. On December 14, 2021, the company announced that LastPass would spin off into its own cloud-based security company. The spin-off was completed in May 2024. In July 2016, LogMeIn announced in a merger with Citrix's GoTo products using a Reverse Morris Trust. July 26, 2016 In February 2017, LogMeIn completed a merger with GetGo, the

corporate spin-off A corporate spin-off, also known as a spin-out, starburst or hive-off, is a type of corporate action where a company "splits off" a section as a separate business or creates a second incarnation, even if the first is still active. It is distinct ...

of the GoTo product line from Citrix Systems. In February 2018, the company announced the sale of Xively to Google for $50M. Also in February 2018, the company announced the acquisition of Jive Communications for $342M. 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 The Nasdaq Stock Market (; National Association of Securities Dealers Automated Quotations) is an American stock exchange based in New York City. It is the most active stock trading venue in the U.S. by volume, and ranked second on the list ...

. On February 2, 2022, LogMeIn was rebranded as GoTo, restoring the original brand that ExpertCity created in 1998, before Citrix Systems acquired it in 2004.

Products

The company's product portfolio is split into two business units; unified communications and collaboration, and IT management & support.https://www.channelpronetwork.com/2025/01/31/key-channel-headlines-logmein-returns-as-gotos-it-portfolio-brand-inky-introduces-new-generative-ai-capabilities-and-more/The products include: *GoTo Business Communication Products ** GoTo Connect ** GoTo Contact Center ** GoTo Meeting **GoTo Webinar **GoTo Training ** Grasshopper *LogMeIn IT Management & Support Products ** LogMeIn Resolve **LogMeIn Rescue **LogMeIn Miradore **LogMeIn Pro **LogMeIn Central ** GoToMyPC ** Hamachi

References

External links

{{remote administration software 2003 establishments in Massachusetts 2009 initial public offerings 2020 mergers and acquisitions American companies established in 2003 Companies based in Boston Companies formerly listed on the Nasdaq Private equity portfolio companies Remote desktop Software companies based in Massachusetts Software companies established in 2003 Software companies of the United States

History

Products

See also

References

External links