GoTo and LogMeIn Merger Eyeing Identity and Telephony Markets

The business collaboration and online meetings markets will get a consolidation of sorts with the merger of Citrix’s GoTo products with LogMeIn products, forming a new business entity.

The estimated $1.8 billion deal, announced last week, is being described as creating one of the biggest software-as-a-service (SaaS) companies. The deal is a merger that’s based on a Reverse Morris Trust transaction. Under the terms, Citrix is spinning off its GoTo online meetings service to form a new company with LogMeIn. Citrix’s shareholders get a slight majority stake in the deal.

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