Type
|
Public |
---|---|
Traded as | NASDAQ: LOGM S&P 400 Component |
Industry | Computer software |
Founded | Budapest, Hungary (2003) |
Headquarters | Boston, Massachusetts, USA |
Key people
|
William (Bill) Wagner (President & CEO) Edward Herdiech (CFO) Sean Ford (CMO) Chris Battles (CPO) Larry D'Angelo (SVP Sales) Sandor Palfy (CTO) Michael Donahue (SVP General Counsel) Rob Lawrence (SVP Corporate Strategy) Timothy "TJ" Ewing (Chief People Officer) |
Products | Cloud-based SaaS |
Revenue | $336.1 million (2016) |
Number of employees
|
2,778 (June 30, 2017) |
Website | LogMeInInc.com |
LogMeIn, Inc. (NASDAQ: LOGM), founded in 2003 and based in Boston, Massachusetts, is a provider of software as a service and cloud-based remote connectivity services for collaboration, IT management and customer engagement. The company's products give users and administrators access to remote computers.
In October 2015, LogMeIn bought the password manager solution LastPass. In February 2017, LogMeIn completed a merger with the "GoTo" business.
The company is part of the S&P 400 stock market index and has forecast annual revenue of more than $1 billion in 2017.
The company's products are focused on three business areas, including Communications & Collaboration services, Identity & Access Management services, and Customer engagement & support services. The products include:
The company was formerly known as 3am Labs, Inc. before March 2006.
The company's CEO Michael Simon and CTO Márton Anka collaborated at Uproar, an Internet game site eventually bought by Vivendi Universal at the height of the dot-com bubble. Anka's work for Uproar allegedly laid the foundation for his RemotelyAnywhere application, which later evolved into LogMeIn after 3am Labs incorporated.
3am Labs acquired the Hamachi VPN product.
LogMeIn, Inc., changed its name from 3am Labs in 2006.
Tridia sued LogMeIn, Inc. for patent infringement in January 2008.
LogMeIn, Inc., completed an IPO in 2009. Trading of LogMeIn, Inc. shares on the NASDAQ Global Market commenced on July 1, 2009.
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. In May 2014, it added to this initiative by acquiring Ionia Corp., which specializes in integrating connected objects.
LogMeIn, Inc., acquired Bold Software, LLC in 2012.
LogMeIn acquired Meldium for $15 Million in September 2014 and retired the Meldium product offering in July 2017.
In July 2015, LogMeIn launched a new innovative product named "Rescue Lens" designed for providing video-assisted customer support using a camera on the client's iOS or Android device. This allows a customer support representative to join a live feed in order to remotely work on technical issues reported by the customer by seeing the physical product as if it was in front of them.
LogMeIn acquired LastPass for $110 Million in October 2015.
LogMeIn announced in July 2016 a merger with Citrix's GoTo Family of Products via a Reverse Morris Trust.
In July 2017, the company announced they acquired Israel-based software company Nanorep for a reported $45 million dollars and then an additional $5 million in contingent cash for high-performing employees who would continue with LogMeIn for the next two years post the closure of the transaction. Nanorep makes customer service software that uses artificial intelligence and chatbots to make more intuitive and engaging customer service.
2016-07-05 | Downgrade | Cowen and Company | Outperform to Market Perform | $63.00 |
2016-05-01 | Reiterated Rating | Needham & Company LLC | Buy | $57.00 to $81.00 |
2016-04-29 | Boost Price Target | Barclays | Underweight | $45.00 to $49.00 |
2016-04-29 | Boost Price Target | RBC Capital | Outperform | $65.00 to $70.00 |
2016-04-29 | Boost Price Target | Dougherty & Co | Buy | $56.00 to $65.00 |
2016-04-29 | Boost Price Target | Barclays PLC | Underweight | $45.00 to $49.00 |
2016-04-29 | Boost Price Target | Royal Bank Of Canada | Outperform | $65.00 to $70.00 |
2016-04-28 | Reiterated Rating | Piper Jaffray | Buy | |
2016-04-28 | Reiterated Rating | Piper Jaffray Cos. | Buy | |
2016-02-22 | Boost Price Target | Cowen and Company | Outperform | $53.00 to $56.00 |
2016-02-14 | Lower Price Target | RBC Capital | Outperform | $75.00 to $65.00 |
2016-02-13 | Reiterated Rating | JPMorgan Chase & Co. | Hold | |
2016-02-13 | Reiterated Rating | Needham & Company LLC | Buy | |
2016-02-12 | Reiterated Rating | Oppenheimer | Market Perform | |
2016-02-12 | Reiterated Rating | Piper Jaffray | Overweight | $70.00 |
2016-02-12 | Lower Price Target | Needham & Company LLC | Strong-Buy | $84.00 to $57.00 |
2016-02-12 | Reiterated Rating | Oppenheimer Holdings Inc. | Market Perform | |
2016-02-10 | Lower Price Target | Barclays | Underweight | $67.00 to $45.00 |
2016-02-08 | Lower Price Target | RBC Capital | Outperform | $75.00 to $65.00 |
2016-01-12 | Reiterated Rating | Northland Securities | Buy | |
2016-01-06 | Reiterated Rating | Pacific Crest | Overweight | $86.00 |
2015-11-30 | Reiterated Rating | Piper Jaffray | Overweight | $94.00 |
2015-10-24 | Reiterated Rating | Needham & Company LLC | Buy | |
2015-10-23 | Boost Price Target | Piper Jaffray | $90.00 to $94.00 | |
2015-10-23 | Reiterated Rating | Pacific Crest | Overweight | $82.00 to $86.00 |
2015-10-23 | Boost Price Target | JPMorgan Chase & Co. | Neutral | $75.00 to $80.00 |
2015-10-23 | Boost Price Target | RBC Capital | Outperform | $84.00 to $90.00 |
2015-10-12 | Reiterated Rating | Needham & Company LLC | Strong-Buy | $84.00 |
2015-09-03 | Reiterated Rating | Needham & Company LLC | Strong-Buy | $84.00 |
2015-09-03 | Reiterated Rating | Cowen and Company | Buy | $80.00 |
2015-08-28 | Upgrade | KeyBanc | Sector Weight to Overweight | $82.00 |
2015-08-28 | Upgrade | Pacific Crest | Sector Weight to Overweight | $82.00 |
2015-08-28 | Upgrade | KeyCorp | Sector Weight to Overweight | $82.00 |
2015-07-25 | Reiterated Rating | Northland Securities | Buy | |
2015-07-25 | Reiterated Rating | Needham & Company LLC | Buy | |
2015-07-24 | Boost Price Target | RBC Capital | Outperform | $72.00 to $84.00 |
2015-07-24 | Boost Price Target | Needham & Company LLC | Strong-Buy | $70.00 to $84.00 |
2015-07-24 | Boost Price Target | Northland Securities | Outperform | $75.00 to $85.00 |
2015-07-10 | Reiterated Rating | Northland Securities | Outperform | $75.00 |
2015-05-26 | Boost Price Target | Northland Securities | Outperform | $65.00 to $75.00 |
2015-05-14 | Reiterated Rating | Piper Jaffray | Overweight | $80.00 |
2015-05-04 | Initiated Coverage | KeyBanc | Sector Perform | $63.90 |
2015-05-04 | Initiated Coverage | Pacific Crest | Sector Perform | |
2015-04-30 | Reiterated Rating | Piper Jaffray | Overweight | $80.00 |
2015-04-29 | Boost Price Target | Cowen and Company | Outperform | $58.00 to $65.00 |
2015-04-29 | Upgrade | Needham & Company LLC | Buy to Strong-Buy | $55.00 to $70.00 |
2015-04-29 | Boost Price Target | Northland Securities | Outperform | $57.00 to $65.00 |
2015-04-29 | Boost Price Target | RBC Capital | Outperform | $66.00 to $72.00 |
2015-04-09 | Initiated Coverage | JPMorgan Chase & Co. | Neutral | $61.00 |
2015-03-11 | Reiterated Rating | Piper Jaffray | Overweight | $65.00 |
2015-01-06 | Downgrade | Barclays | Equal Weight to Underweight | |
2015-01-05 | Reiterated Rating | Northland Securities | Buy | $54.00 to $57.00 |
2014-07-25 | Reiterated Rating | RBC Capital | Outperform | $55.00 to $50.00 |
2014-07-25 | Reiterated Rating | Barclays | Equal Weight | $45.00 to $50.00 |
2014-07-25 | Boost Price Target | Piper Jaffray | $60.00 | |
2014-07-25 | Boost Price Target | Maxim Group | Buy | $52.00 to $58.00 |
2014-07-11 | Upgrade | Cowen and Company | Market Perform to Outperform | $47.00 |
2014-07-09 | Initiated Coverage | Off Wall Street | Sell | $30.00 |
2014-04-30 | Reiterated | Needham | Buy | $48 to $55 |
2014-04-30 | Boost Price Target | Barclays | Equal Weight | $39.00 to $45.00 |
2014-04-30 | Boost Price Target | Needham & Company LLC | Buy | $48.00 to $55.00 |
2014-04-17 | Boost Price Target | Maxim Group | Buy | $45.00 to $48.00 |
2014-03-18 | Reiterated | Northland Capital | Outperform | $45 to $54 |
2014-03-18 | Boost Price Target | Northland Securities | Outperform | $45.00 to $54.00 |
2014-03-12 | Boost Price Target | RBC Capital | Outperform | $42.00 to $50.00 |
2014-02-18 | Reiterated | Dougherty & Company | Buy | $39 to $43 |
2014-02-18 | Boost Price Target | Dougherty & Co | Buy | $39.00 to $43.00 |
2014-02-14 | Boost Price Target | Barclays | Equal Weight | $34.00 to $39.00 |
2014-02-14 | Upgrade | Needham & Company LLC | Hold to Buy | $48.00 |
2014-01-22 | Downgrade | Cowen and Company | Outperform to Market Perform | $37.00 to $38.00 |
2013-10-28 | Boost Price Target | Cowen and Company | Outperform | $34.00 to $37.00 |
2013-09-23 | Reiterated | Dougherty & Company | Buy | $36 to $39 |
2013-09-23 | Reiterated Rating | Barclays | Hold | $70.00 |
2013-09-23 | Boost Price Target | Dougherty & Co | Buy | $36.00 to $39.00 |
2013-07-26 | Reiterated | Maxim Group | Buy | $34 to $38 |
2013-07-26 | Reiterated | Dougherty & Company | Buy | $31 to $36 |
2013-07-09 | Reiterated | Dougherty & Company | Buy | $25 to $31 |
2013-04-26 | Upgrade | Dougherty & Company | Neutral to Buy | $25 |
2013-02-15 | Reiterated | Northland Capital | Outperform | $28 to $24 |
2016-07-05 | Downgrade | Cowen and Company | Outperform to Market Perform | $63.00 |
2016-05-01 | Reiterated Rating | Needham & Company LLC | Buy | $57.00 to $81.00 |
2016-04-29 | Boost Price Target | Barclays | Underweight | $45.00 to $49.00 |
2016-04-29 | Boost Price Target | RBC Capital | Outperform | $65.00 to $70.00 |
2016-04-29 | Boost Price Target | Dougherty & Co | Buy | $56.00 to $65.00 |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In LOGM 41 funds of 2213 total. Show all
Fund name | Ticker shares |
---|---|
RS INVESTMENT MANAGEMENT CO LLC | 2.51M |
BlackRock Fund Advisors | 1.95M |
BlackRock Institutional Trust Company, N.A. | 0.75M |
TIAA CREF INVESTMENT MANAGEMENT LLC | 0.40M |
TEACHERS ADVISORS INC | 0.17M |
Numeric Investors LLC | 0.14M |
BlackRock Investment Management, LLC | 0.13M |
FIRST INVESTORS MANAGEMENT CO INC | 0.11M |
BLACKROCK ADVISORS LLC | 94933 |
COLUMBIA WANGER ASSET MANAGEMENT LLC | 91283 |
RUSSELL FRANK CO/ | 83388 |
GRUBER & MCBAINE CAPITAL MANAGEMENT LLC | 80850 |
BlackRock Group LTD | 72832 |
KALMAR INVESTMENTS INC /DE/ | 46055 |
Conatus Capital Management LP | 39951 |
Name Relationship | Total Shares | Holding stocks |
---|---|---|
Simon Michael K CEO, President and Secretary | 2.93% (721477) | LOGM / |
Anka Marton B Chief Technology Officer | 2.90% (713215) | LOGM / |
Wagner William Raymond Chief Operating Officer | 0.40% (98191) | LOGM / VOCS / |
Kelliher James F. CFO and Treasurer | 0.08% (18781) | FLTX / LOGM / |
GILLIS EDWIN J | 0.08% (18492) | LOGM / MKTG / TER / |
Herdiech Edward K. SVP, Finance | 0.06% (14646) | LOGM / |
Christenson Michael J | 0.06% (13642) | LOGM / |
Kaplan Matthew P. SVP of Products | 0.04% (10096) | LOGM / |
Donahue Michael J VP and General Counsel | 0.04% (10054) | LOGM / |
Salim Irfan | 0.03% (8026) | LOGM / |
Lok James SVP, Engineering | 0.03% (7708) | LOGM / |
Burton Andrew F. Senior Vice President Products | 0.03% (7650) | LOGM / |
Shaw Seth L. Senior Vice President, Sales | 0.03% (7617) | LOGM / |
SCHNEIDER HILARY | 0.03% (6250) | LOCK / LOGM / MTN / |
HUGHES GREGORY | 0.02% (4738) | LOGM / |
CALDERONI ROBERT | 0.02% (4109) | CTXS / JNPR / KLAC / LOGM / |
Battles Christopher Chief Product Officer | 0.02% (3881) | LOGM / |
Ford W. Sean SVP & Chief Marketing Officer | 0.01% (2860) | LOGM / |
D'Angelo Lawrence M. SVP, Sales | 0.01% (2064) | LOGM / |
MATZ MARILYN | 0.01% (1950) | LOGM / TER / |