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Logmein boston11/15/2023 Its flagship fund, Elliott Associates, L.P., was founded in 1977, making it one of the oldest funds of its kind under continuous management. For more information on Francisco Partners, please visit .Įlliott Management Corporation manages two multi-strategy investment funds which combined have approximately $41 billion of assets under management. The firm invests in opportunities where its deep sectoral knowledge and operational expertise can help companies realize their full potential. Since its launch over 20 years ago, Francisco Partners has raised over $24 billion in committed capital and invested in more than 300 technology companies, making it one of the most active and longstanding investors in the technology industry. The company is headquartered in Boston, Massachusetts with additional locations in North America, South America, Europe, Asia and Australia.įrancisco Partners is a leading global investment firm that specializes in partnering with technology and technology-enabled businesses. A pioneer in remote work technology and a driving force behind today’s work-from-anywhere movement, LogMeIn has become one of the world’s largest SaaS companies with tens of millions of active users, more than 3,500 global employees, over $1.3 billion in annual revenue and approximately 2 million customers worldwide who use its software as an essential part of their daily lives. LogMeIn, Inc.’s category-defining products unlock the potential of the modern workforce by making it possible for millions of people and businesses around the globe to do their best work simply and securely-on any device, from any location and at any time. As a result of the completion of the transaction, LogMeIn stockholders received $86.05 per share in cash, and LogMeIn’s common stock will cease to trade on the Nasdaq exchange. The go-private transaction was previously announced on Decemand received approval from LogMeIn stockholders on March 12, 2020. Today, the company’s comprehensive work-from-anywhere portfolio makes LogMeIn a preferred and trusted partner for helping millions of customers connect and collaborate from anywhere support employees and customers from anywhere manage assets from anywhere and secure their digital identities in an increasingly virtual world. 31, 2020 (GLOBE NEWSWIRE) - LogMeIn, Inc., a leading provider of cloud services for the work-from-anywhere economy, today announced the completion of its sale to affiliates of Francisco Partners and Evergreen Coast Capital (“Evergreen”), the private equity affiliate of Elliott Management Corporation (“Elliott”), in a transaction valued at an aggregate equity valuation of approximately $4.3 billion.įounded in 2003, LogMeIn is a pioneer in remote work technologies and the maker of market-defining products like LastPass, GoToConnect, GoToMeeting, GoToMyPC, Rescue and its namesake LogMeIn remote access and remote management products. We leverage senior partner expertise to unlock the strategic value of technology and achieve rapid and unparalleled results for our clients.BOSTON, Aug. NoPassword’s use cases include online authorization, mobile login, Virtual Private Network, Internet of Things, and more.īoston Meridian is an innovative investment bank that provides M&A and capital raising advisory services to leading technology companies. These hidden factors are authenticated behind the scene, which allows for a continuous and frictionless user experience. The solution uses factors such as device identity, location, time, and proximity to authenticate users. NoPassword performs continuous authentication and reduces the need for passwords, which are the source of 85% of cyber attacks. NoPassword is the first SSO solution that does not store user credentials or biometrics on a centralized server. With NoPassword, businesses can prevent cyber attacks and ensure user/employee privacy while maintaining ease of use and immediate access to applications. NoPassword’s pioneering solution is designed to provide Human & Hidden Multi-factor Authentication, intelligent Identity Governance & Management, and password-free Single Sign-On. Boston Meridian is pleased to announce the sale of NoPassword to LogMeIn.
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