GoTo (US company)

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GoTo Technologies USA, Inc.,[1] formerly LogMeIn Inc.,[2] is a software as a service (SaaS) company that provides unified communication and IT management software. The company was founded in 2003, and is based in Boston, Massachusetts.[3] On February 2, 2022, the company was rebranded from LogMeIn to GoTo.[4]

With the rebranding to GoTo, the company also announced the launch of a unified application featuring two main products:

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.[7] The deal closed on August 31, 2020.[8]In 2022, GoTo announced the purchase of Mobile Device Management (MDM) company Miradore.[9]

History

File:Logo of LogMeIn Inc.svg
Logo as of 2007
File:LogMeIn logo.svg
Former logo before the rebranding

LogMeIn was founded in 2003 in Budapest as 3am Labs, and changed its name in 2006.[10]

In 2006, 3am Labs acquired Hamachi VPN product.[11]

LogMeIn, Inc., completed an initial public offering in 2009. Trading of LogMeIn, Inc., shares on the NASDAQ Global Market commenced on July 1, 2009.[12]

In 2011, the company began a move into cloud services for the Internet of things by acquiring Pachube, which would later become the Xively service.[13] In May 2014, it added to this initiative by acquiring Ionia Corp., which specializes in integrating connected objects.[14]

LogMeIn, Inc., acquired Bold Software, LLC, in 2012.[15][16]

The company abruptly discontinued LogMeIn Free on January 21, 2014, giving users only a seven-day grace period to migrate to LogMeIn Pro.[17]

LogMeIn acquired Meldium for $15M in September 2014[18] and retired the Meldium product offering in July 2017.[19]

On October 9, 2015, LogMeIn acquired LastPass for US$110 million.[20][21][22][23] On December 14, 2021, the company announced that LastPass would spin off into its own cloud-based security company.[24] The spin-off was completed in May 2024.[25]

In July 2016, LogMeIn announced in a merger with Citrix's GoTo products using a Reverse Morris Trust.[26]

In February 2017, LogMeIn completed a merger with GetGo, the corporate spin-off of the GoTo product line from Citrix Systems.[27]

In February 2018, the company announced the sale of Xively to Google for $50M.[28] Also in February 2018, the company announced the acquisition of Jive Communications for $342M.[29]

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.[30]

On February 2, 2022, LogMeIn was rebranded as GoTo,[31] 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.[32]The products include:

  • GoTo Business Communication Products
    • GoTo Connect
    • GoTo Contact Center
    • GoTo Meeting
    • GoTo Webinar
    • GoTo Training
    • Grasshopper
  • LogMeIn IT Management & Support Products

See also

References

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  1. ↑ https://www.bbb.org/us/ma/boston/profile/computer-hardware/goto-technologies-usa-llc-0021-117143
  2. ↑ https://www.theverge.com/2022/2/2/22912367/logmein-rebranding-as-goto-like-gotomeeting
  3. ↑ Script error: No such module "citation/CS1".
  4. ↑ https://www.theverge.com/2022/2/2/22912367/logmein-rebranding-as-goto-like-gotomeeting
  5. ↑ https://www.g2.com/products/logmein-resolve/reviews
  6. ↑ https://www.g2.com/products/goto-connect/reviews
  7. ↑ Script error: No such module "citation/CS1".
  8. ↑ Script error: No such module "citation/CS1".
  9. ↑ https://www.uctoday.com/unified-communications/goto-acquires-mdm-company-miradore/
  10. ↑ Script error: No such module "citation/CS1".
  11. ↑ https://secure.logmein.com/corp/pressrelease.asp?id=49 LogMeIn acquires instant VPN creator Template:Webarchive
  12. ↑ Script error: No such module "citation/CS1".
  13. ↑ Script error: No such module "citation/CS1".
  14. ↑ Script error: No such module "citation/CS1".
  15. ↑ Script error: No such module "citation/CS1".
  16. ↑ Script error: No such module "citation/CS1".
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  24. ↑ Script error: No such module "citation/CS1".
  25. ↑ Script error: No such module "citation/CS1".
  26. ↑ Script error: No such module "citation/CS1". July 26, 2016
  27. ↑ Script error: No such module "citation/CS1".
  28. ↑ Script error: No such module "citation/CS1".
  29. ↑ Script error: No such module "citation/CS1".
  30. ↑ Script error: No such module "citation/CS1".
  31. ↑ Script error: No such module "citation/CS1".
  32. ↑ 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/

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External links

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