GoTo, formerly LogMeIn Inc., is a flexible-work provider of
software as a service (
SaaS) and
cloud-based remote work tools for collaboration and
IT management
Information technology management or IT management is the discipline whereby all of the information technology resources of a firm are managed in accordance with its needs and priorities. Managing the responsibility within a company entails many o ...
, with products including GoTo Connect, GoTo Resolve, Rescue, Central, and more, built for small and midsized business IT departments but powerful enough for the enterprise. The company was founded in 2003 and based in
Boston, Massachusetts,
and rebranded from LogMeIn to GoTo on February 2, 2022. The rebrand to GoTo comes with a simplified product portfolio to a single application and two flagship products: the IT management & support product, GoTo Resolve, and a new experience for the unified-communications-as-a-service (UCaaS) product, GoTo Connect. These products are unified by a single application, administrative system, and converging user experience.
The rebrand to GoTo announced the launch of a single application with two flagship products: GoTo Resolve for IT management and GoTo Connect for a collaboration application.
On October 9, 2015, LogMeIn acquired
LastPass for $110 million.
On December 14, 2021, the company announced that LastPass would spin off into its own cloud-based security company.
In February 2017, LogMeIn completed a merger with GetGo, the
corporate spin-off of the GoTo product line from
Citrix Systems
Citrix Systems, Inc. is an American multinational cloud computing and virtualization technology company that provides server, application and desktop virtualization, networking, software as a service (SaaS), and cloud computing technologies. C ...
.
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.
History
LogMeIn was founded in 2003 in Budapest as 3am Labs, and changed its name in 2006.
3am Labs acquired the
Hamachi VPN product.
LogMeIn, Inc., completed an
initial public offering 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
The Internet of things (IoT) describes physical objects (or groups of such objects) with sensors, processing ability, software and other technologies that connect and exchange data with other devices and systems over the Internet or other comm ...
by acquiring Pachube, which would later become the
Xively
Xively (formerly known as Cosm and Pachube) is an Internet of Things (IoT) platform owned by Google. Xively offers product companies a way to connect products, manage connected devices and the data they produce, and integrate that data into oth ...
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 $15 Million in September 2014 and retired the Meldium product offering in July 2017.
In July 2016, LogMeIn announced in a merger with Citrix's GoTo products using a
Reverse Morris Trust.
[ July 26, 2016]
In February 2018, the company announced the sale of
Xively
Xively (formerly known as Cosm and Pachube) is an Internet of Things (IoT) platform owned by Google. Xively offers product companies a way to connect products, manage connected devices and the data they produce, and integrate that data into oth ...
to Google for $50 million. Also in February 2018, the company announced the acquisition of Jive Communications for $342 million.
On August 31, 2020,
Elliott Management Corporation, by its affiliate Francisco Partners, completed its acquisition of LogMeIn, and LogMeIn's stock delisted from
NASDAQ
The Nasdaq Stock Market () (National Association of Securities Dealers Automated Quotations Stock Market) is an American stock exchange based in New York City. It is the most active stock trading venue in the US by volume, and ranked second ...
.
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 products are focused on three business areas, including Unified Communications & Collaboration services, Identity & Access Management services, and Customer engagement & support services. The products include:
*GoTo UCC Products
** GoTo Connect
**
GoTo Meeting
**GoTo Webinar
**GoTo Training
**GoTo Contact Center
** GoTo Room
** Grasshopper
** join.me
*Remote Support
**Rescue –
remote support (
help desk)
web application used by large
contact centers and help desks for diagnosing and troubleshooting computers, smartphones and tablets.
** Rescue Live Lens
** Rescue Live Guide
** GoTo Resolve
**
GoToMyPC
**Pro – subscription-based
remote access and administration software
**Central –
web application focused on IT management for remotely managing PCs and servers running on
Windows or
Mac OS X operating systems
**
Hamachi – network virtualization and
VPN service
**LogMeIn Backup – remote backup software
**RemotelyAnywhere –
remote access and administration software
See also
*
Comparison of remote desktop software
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 administration software
Remote desktop
Software companies based in Massachusetts
Software companies established in 2003
Software companies of the United States