wonderfully unique software solutions

LogMeIn buyout plan by Francisco Partners and Evergreen Coast Capital approved

Shareholders have given the nod to the acquisition of LogMeIn – the vendor of GoToConnect, GoToMeeting, GoToMyPC and other collaborative comms and remote working solutions – by a group of investors led by US-based Francisco Partners.

An investor announcement released by Nasdaq-listed LogMeIn (LOGM), a vendor of cloud-based connectivity software, reported that Francisco Partners, a technology-focused global private equity firm, and Evergreen Coast Capital, the private equity affiliate of Elliott Management Corporation, would acquire the firm in a merger agrement.

Shareholders controlling around 74% of LogMeIn shares, expected to change hands for $86.05 a share at the time of writing, approved the deal 12 March in the US. The deal is expected to close mid-2020.

LogMeIn has developed a product portfolio that make it today one of the world’s top 10 public SaaS companies as well as a market leader in unified communications and collaboration, identity and access management, and customer engagement and support solutions.

LogMeIn is headquartered in Boston, Massachusetts with additional locations in North America, South America, Europe, Asia and Australia.

Investors are asked to contact [email protected] or John Moore at [email protected] for more information.

Recent Articles

Arista warns SMBs to take precautions against edge threats

Arista Networks, the vendor of Arista Edge Threat Management (ETM) has warned that SMBs aren't always aware of the extent of targeting...

Instructure rolls out iWork update for Canvas LMS users on Apple

Learning management software company Instructure has taken the covers off an Apple iWork update for its Canvas learning management system (LMS).

E-learning player iSpring adds six integrations for its LMS platform

Customers of the iSpring Learn learning management system (LMS) can now connect to no less than six additional platforms with a view...

What’s new in JetBrains code analyser Qodana 2023.2

The code-quality platform Qodana, new from a cornucopia of JetBrains developer tools, now boasts server-side analysis integrated with the 2023.2 releases of...

N-able leads RMM field across multiple awards programmes

Remote monitoring and management (RMM) provider N-able has taken two more coveted titles for 2023, including a prestigious CRN award for the...

Related Stories

Leave A Reply

Please enter your comment!
Please enter your name here

Weirdware monthly - Get the latest news in your inbox