LogMeIn Acquires Password Management Software LastPass
With an increasing number of data breaches putting users’ personal information at risk, a company that helps online users better manage their account information with various websites and services, as well as help customers run security checks on their accounts, seems like it would have the potential for serious growth. That’s what remote access software maker LogMeIn is hoping, as the company announced this morning that it has acquired the password management software maker LastPass for $110 million in cash.
In addition, another $15 million in cash is available in contingent payments if LastPass meets certain milestone and retention targets over the two years following the deal’s close, LogMeIn also noted.
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