LogMeIn buying password manager LastPass

LogMeIn hopes to merge LastPass with its existing password manager for teams, Meldium

Identity and access management specialist LogMeIn has agreed to buy Marvasol, the company behind online password store LastPass.

The companies expect to close the deal, valuing Marvasol at between US$110 million and $125 million, in a matter of weeks.

LogMeIn is firmly in the enterprise market, while Marvasol has been steadily extending the LastPass secure password storage tool in that direction, with password sharing and group access functions.

LastPass stores an encrypted version of its customers' passwords in the cloud, allowing them to unlock and access them with a single password from almost any Internet-connected device through either secure browser plugins or a web interface. The company offers apps for Android and iOS, as well as plugins for Internet Explorer, Chrome, Firefox and Safari. Using the service on a single device category is free; multiple categories requires a subscription.

Online password storage services like LastPass or Dashlane compete with standalone apps such as 1Password, KeePass or Password Safe.

LogMeIn sees LastPass's more consumer-focused customer base and tools as important to deal with the bring-your-own-device and bring-your-own-app challenges faced by its existing corporate customers.

It intends to add features to LastPass found in the identity management tool Meldium that it acquired a year ago. Meldium is a password manager for teams, designed to work with collaboration tools such as Box, Github, Google Apps, Zendesk or Slack. For now LogMeIn plans to maintain both product lines, but ultimately expects to merge the two under the LastPass brand.

LogMeIn is expanding its product offering in other ways too. On Wednesday it said it would extend its Xive.ly identity management offering to encompass the Internet of Things.

Join the newsletter!

Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection
Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Peter Sayer

IDG News Service
Show Comments

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Ratchada Dunn

Sharp PN-40TC1 Huddle Board

The Huddle Board’s built in program; Sharp Touch Viewing software allows us to easily manipulate and edit our documents (jpegs and PDFs) all at the same time on the dashboard.

George Khoury

Sharp PN-40TC1 Huddle Board

The biggest perks for me would be that it comes with easy to use and comprehensive programs that make the collaboration process a whole lot more intuitive and organic

David Coyle

Brother PocketJet PJ-773 A4 Portable Thermal Printer

I rate the printer as a 5 out of 5 stars as it has been able to fit seamlessly into my busy and mobile lifestyle.

Kurt Hegetschweiler

Brother PocketJet PJ-773 A4 Portable Thermal Printer

It’s perfect for mobile workers. Just take it out — it’s small enough to sit anywhere — turn it on, load a sheet of paper, and start printing.

Matthew Stivala

HP OfficeJet 250 Mobile Printer

The HP OfficeJet 250 Mobile Printer is a great device that fits perfectly into my fast paced and mobile lifestyle. My first impression of the printer itself was how incredibly compact and sleek the device was.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?