LogMeIn Buys GoTo Brands for $1.8 Billion


The collaboration is marked with continuous acquisition, with this latest one poised to create stronger competition to Cisco and Microsoft.

LogMeIn’s previous lineup of products—including LogMeIn Rescue, BoldChat, LastPass and join me—will now include GoToMeeting, GoToWebinar, GoToTraining and OpenVoice. The combined business will have more than $1 billion in revenue, almost 3,000 employees and more than 2 million customers worldwide.

“We believe that together we can better serve the needs of our customers, while expanding our reach and accelerating product innovation to bring you more choice, greater possibilities and better business outcomes,” LogMeIn President and CEO Bill Wagner.

Learn more — http://www.globenewswire.com/news-release/2016/07/26/859040/0/en/LogMeIn-Announces-Merger-with-Citrix-s-GoTo-Family-of-Products-to-Create-Billion-Dollar-Industry-Leader.html


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