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Private Equity Funds Swoop on LogMeIn in $4.3 Billion Cash Deal

Dec 17, 2019 - Marketline Newswire
Mergers and Acquisitions

LogMeIn, a NASDAQ-listed remote access software specialist, has agreed to a $4.3 billion private equity buyout, a decade after first going public.

The Boston-based company names Vodafone, the London School of Economics, Nissan and Zero Motorcycles among its existing customer base. The company offers a range of SaaS-based tools under including video conferencing ("GoToMeeting") and identity and access management ("Lastpass"). Francisco Partners and activist hedge fund Elliott Management's p...