GoTo (US company)

Short description: Software company

GoTo

Formerly|

* 3am Labs (2003–2006)
* LogMeIn Inc. (2006–2022)

Type| Private
Industry| Computer software
Founded| 2003; 23 years ago (2003) in Budapest, Hungary
Headquarters|

Boston, Massachusetts

U.S.

Key people

* Paddy Srinivasan (President & CEO)
* Rich Veldran (CFO)
* Olga Lagunova (CTO)

Products| Cloud-based SaaS
Revenue| US$1.262 billion (2019)[1]
Owner| Francisco Partners (2020–present)

Number of employees

| 3,974 (December 31, 2019)[2]
Website| www.goto.com

GoTo, formerly LogMeIn Inc.,[3] is a flexible-work provider of software as a service (SaaS) and cloud-based remote work tools for collaboration and IT management. The company was founded in 2003, and is based in Boston, Massachusetts .[4] On February 2, 2022 the company was rebranded from LogMeIn to GoTo.[5]

The rebrand to GoTo announced the launch of a single application with two flagship products: GoTo Resolve for IT management and GoTo Connect for a collaboration application.[6]

On December 17, 2019, LogMeIn announced an agreement to be sold for $4.3 billion to Francisco Partners and Evergreen Coast Capital Corp., which is a private equity affiliate of Elliott Management Corporation.[7] The deal closed on August 31, 2020.[8]

## Contents

* 1 History
* 2 Products
* 3 See also
* 4 References
* 5 External links

## History

Former logo before the rebranding

LogMeIn was founded in 2003 in Budapest as 3am Labs, and changed its name in 2006.[9]

In 2006, 3am Labs acquired the Hamachi VPN product.[10]

LogMeIn, Inc., completed an initial public offering in 2009. Trading of LogMeIn, Inc., shares on the NASDAQ Global Market commenced on July 1, 2009.[11]

In 2011, the company began a move into cloud services for the Internet of things by acquiring Pachube, which would later become the Xively service.[12] In May 2014, it added to this initiative by acquiring Ionia Corp., which specializes in integrating connected objects.[13]

LogMeIn, Inc., acquired Bold Software, LLC, in 2012.[14][15]

The company abruptly discontinued LogMeIn Free on January 21, 2014, giving users only a seven-day grace period to migrate to LogMeIn Pro.[16]

LogMeIn acquired Meldium for $15M in September 2014[17] and retired the Meldium product offering in July 2017.[18]

On October 9, 2015, LogMeIn acquired LastPass for US$110 million.[19][20][21][22] On December 14, 2021, the company announced that LastPass would spin off into its own cloud-based security company.[23]

In July 2016, LogMeIn announced in a merger with Citrix's GoTo products using a Reverse Morris Trust.[24]

In February 2017, LogMeIn completed a merger with GetGo, the corporate spin-off of the GoTo product line from Citrix Systems.[25]

In February 2018, the company announced the sale of Xively to Google for $50M.[26] Also in February 2018, the company announced the acquisition of Jive Communications for $342M.[27]

On August 31, 2020, Elliott Management Corporation, by its affiliate Evergreen Coast Capital, and Francisco Partners completed their acquisition of LogMeIn, and LogMeIn's stock delisted from NASDAQ.[28]

On February 2, 2022, LogMeIn was rebranded as GoTo,[29] restoring the original brand that ExpertCity created in 1998, before Citrix Systems acquired it in 2004.

## Products

The company's products are focused on three business areas, including Unified Communications and Collaboration services, Identity and Access Management services, and Customer engagement and support services.[30] The products include:

* GoTo UCC Products
* GoTo Connect[31]
* GoTo Meeting
* GoTo Webinar
* GoTo Training
* GoTo Contact Center
* GoTo Room
* Grasshopper
* join.me
* Remote Support
* Rescue – remote support (help desk) web application used by large contact centers and help desks for diagnosing and troubleshooting computers, smartphones and tablets.
* Rescue Live Lens
* Rescue Live Guide
* GoTo Resolve
* GoToMyPC
* Pro – subscription-based remote access and administration software[citation needed]
* Central – web application focused on IT management for remotely managing PCs and servers running on Windows or Mac OS X operating systems[citation needed]
* Hamachi – network virtualization and VPN service[citation needed]
* LogMeIn Backup – remote backup software[citation needed]
* RemotelyAnywhere – remote access and administration software

## See also

* Comparison of remote desktop software

## References

1. ↑ "LogMeIn Announces Fourth Quarter and Fiscal Year 2019 Results". LogMeIn. https://investor.logmeininc.com/about-us/investors/news/press-release-details/2020/LogMeIn-Announces-Fourth-Quarter-and-Fiscal-Year-2019-Results/.
2. ↑ "LogMeIn Fourth Quarter 2019 Supplemental Data Sheet". LogMeIn. December 31, 2019. https://s2.q4cdn.com/247461878/files/doc_financials/2019/q4/LOGM-Q4-19-Supplemental-Data-Sheet_FINAL-(1).pdf.
3. ↑ "Announcing GoTo". https://www.goto.com/blog/announcing-goto.
4. ↑ "Business Summary". https://finance.yahoo.com/q/pr?s=LOGM+Profile.
5. ↑ "Announcing GoTo". https://www.goto.com/blog/announcing-goto.
6. ↑ "Announcing GoTo" (in en). https://www.goto.com/blog/posts/news/announcing-goto.
7. ↑ Miller, Ron (17 December 2019). "LogMeIn agrees to be acquired by Francisco Partners and Evergreen for $4.3B". Techcrunch. https://techcrunch.com/2019/12/17/logmein-agrees-to-be-acquired-by-francisco-partners-and-evergreen-for-4-3b/.
8. ↑ Inc, LogMeIn (2020-08-31). "Francisco Partners and Evergreen Coast Capital Complete Acquisition of LogMeIn". GlobeNewswire News Room (Press release). Retrieved 2020-10-06. `{{cite press release}}`: `|last=` has generic name (help)
9. ↑ "Budapest-founded startup LogMeIn valued at $4.3bn in acquisition deal". 2019-12-19. http://www.intellinews.com/budapest-founded-startup-logmein-valued-at-4-3bn-in-acquisition-deal-173726/.
10. ↑ https://secure.logmein.com/corp/pressrelease.asp?id=49 LogMeIn acquires instant VPN creator
11. ↑ "SEC Form 10-K". December 31, 2010. http://secfilings.nasdaq.com/edgar_conv_html/2011/02/28/0000950123-11-019803.html#FIS_BUSINESS.
12. ↑ Mike Butcher (July 20, 2011). "LogMeIn acquires 'Internet of Things' Startup Pachube for $15m In Cash". TechCrunch. https://techcrunch.com/2011/07/20/logmein-acquires-internet-of-things-startup-pachube-for-15m-in-cash/.
13. ↑ Alspach, Kyle (2014-05-06). "LogMeIn acquires Boston 'Internet of Things' firm for $12 million". BetaBoston. http://betaboston.com/news/2014/05/06/logmein-acquires-boston-internet-of-things-firm-for-12-million/.
14. ↑ "LogMeIn LogMeIn Acquires Bold Software | LogMeIn". Investor.logmein.com. 2012-01-09. https://investor.logmein.com/releasedetail.cfm?ReleaseID=637782.
15. ↑ "LogMeIn Acquires Web Chat Company Bold Software For $16.5 M". TechCrunch. 2012-01-09. https://techcrunch.com/2012/01/09/logmein-acquires-web-chat-company-bold-software-for-16-5-m/.
16. ↑ "FAQ about Changes to LogMeIn Free". January 24, 2014. http://help.logmein.com/SelfServiceKnowledgeRenderer?type=FAQ&id=kA0a0000000shH8CAI.
17. ↑ Kepes, Ben. "LogMeIn Acquires Meldium--Start Of The Identity Consolidation?". https://www.forbes.com/sites/benkepes/2014/09/04/logmein-acquires-meldium-start-of-the-identity-consolidation/.
18. ↑ "Plans to Retire Meldium" (in en-US). Meldium by LogMeIn. http://blog.meldium.com/home/2017/4/12/plans-to-retire-meldium.
19. ↑ Brodkin, Jon (9 October 2015). "LogMeIn buys LastPass password manager for $110 million". Condé Nast. https://arstechnica.com/information-technology/2015/10/logmein-buys-lastpass-password-manager-for-110-million/.
20. ↑ Perez, Sarah (9 October 2015). "LogMeIn Acquires Password Management Software LastPass For $110 Million". Oath Tech Network. https://techcrunch.com/2015/10/09/logmein-acquires-password-management-software-lastpass-for-110-million/.
21. ↑ "LogMeIn to Acquire Password Management Leader LastPass". LogMeIn, Inc.. October 9, 2015. https://investor.logmeininc.com/about-us/investors/news/press-release-details/2015/LogMeIn-to-Acquire-Password-Management-Leader-LastPass/default.aspx.
22. ↑ "LastPass Joins the LogMeIn Family". LastPass. October 9, 2015. https://blog.lastpass.com/2015/10/lastpass-joins-logmein.html/.
23. ↑ "LogMeIn Set to Establish LastPass as an Independent Cloud Security Company Amid Strong Market Demand" (in en). https://www.logmein.com/newsroom/press-release/2021/logmein-set-to-establish-lastpass-as-an-independent-cloud-security-company-amid-strong-market-demand.
24. ↑ "LogMeIn Announces Merger with Citrix's GoTo Family of Products to Create Billion Dollar Industry Leader" (Press release). GlobeNewswire. 26 July 2016. July 26, 2016
25. ↑ "BRIEF-Citrix completes spin-off and merger of Goto family of service offerings with Logmein". Reuters. 2017-02-01. https://www.reuters.com/article/idUSASB0AXVV.
26. ↑ Ron Miller (February 15, 2018). "Google to acquire Xively IoT platform from LogMeIn for $50M". TechCrunch. https://techcrunch.com/2018/02/15/google-to-acquire-xively-iot-platform-from-logmein/.
27. ↑ Gagliordi, Natalie. "LogMeIn buys Jive Communications for $342 million" (in en). ZDNet. http://www.zdnet.com/article/logmein-buys-jive-communications-for-342-million/.
28. ↑ "Francisco Partners and Evergreen Coast Capital Complete Acquisition of LogMeIn" (Press release). NASDAQ. Globe Newswire. August 31, 2020.
29. ↑ "LogMeIn Rebrands as GoTo with a New Application Combining Support and Communications Solutions, New Products, and a New Partner Network" (Press release). 2 February 2022.
30. ↑ "Company Overview of LogMeIn, Inc.". Bloomberg. October 1, 2017. https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=11461566.
31. ↑ "Cloud Phone System & Virtual Meeting Platform | GoTo Connect". https://www.goto.com/connect.

## External links

* v
* t
* e

Remote administration software

General|

* Remote desktop software
* Comparison of remote desktop software

Implementations|

* Absolute Manage
* AetherPal
* AnyDesk
* Apple Remote Desktop
* Chrome Remote Desktop
* Citrix XenApp
* Crossloop
* IBM BigFix
* LogMeIn
* Netop Remote Control
* NetSupport Manager
* pcAnywhere
* RealVNC
* Remote Desktop Services
* Remote Utilities
* RescueAssist
* scrcpy
* ScreenConnect
* Secure Shell
* Splashtop
* System Center Configuration Manager
* TeamViewer
* ThinLinc
* TightVNC
* Timbuktu
* UltraVNC
* Virtual Network Computing
* NX technology

Controversial Implementations|

* Back Orifice
* Back Orifice 2000
* NetBus
* Sub7

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