LOGM Profile
LogMeIn,
Inc. (LOGM) is a publicly-traded software company that provides
cloud-based remote connectivity services for businesses and
individuals. The company's services include remote access, support,
and collaboration, as well as IT management and password management
solutions.
Founded in 2003, LogMeIn has become a leading
provider of cloud-based remote connectivity solutions. The company's
services are used by businesses of all sizes, as well as individuals.
LogMeIn's flagship products include LogMeIn Central, which provides IT
management tools, and GoToMeeting, a web conferencing platform that
allows users to conduct online meetings, webinars, and training
sessions.
LogMeIn has been growing steadily over the years,
with revenue increasing from $114 million in 2011 to over $1 billion
in 2019. The company's strong financial performance has been driven by
its ability to capitalize on the growing demand for remote
connectivity solutions in today's digital world.
In addition to
its flagship products, LogMeIn has also expanded its product offerings
through strategic acquisitions. For example, in 2015, the company
acquired LastPass, a leading provider of password management
solutions. This acquisition has helped LogMeIn expand its product
offerings and reach new markets.
Despite its strong financial
performance, LogMeIn has faced challenges in recent years, including
increased competition from other remote connectivity solution
providers. The company has responded by investing heavily in product
development and marketing, as well as exploring new markets and
partnerships.
Overall, LogMeIn is a well-established player in
the remote connectivity space, with a strong track record of growth
and innovation. The company's ability to adapt to changing market
conditions and capitalize on new opportunities will likely be key
factors in its futu
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