GoTo (US company)

GoTo Technologies USA, Inc.,[3] formerly LogMeIn Inc.,[4] is a software as a service (SaaS) company that provides unified communication and IT management software. The company was founded in 2003, and is based in Boston, Massachusetts.[5] On February 2, 2022, the company was rebranded from LogMeIn to GoTo.[6]

With the rebranding to GoTo, the company also announced the launch of a unified application featuring two main products:

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.[9] The deal closed on August 31, 2020.[10] In 2022, GoTo announced the purchase of the mobile device management company Miradore.[11]

• LogMeIn Resolve for IT management and support[7]
• GoTo Connect for business communications[8]

History

LogMeIn was founded in 2003 in Budapest as 3am Labs, and changed its name in 2006.[12]

In 2006, 3am Labs acquired Hamachi, a VPN product.[13]

LogMeIn, Inc., completed an initial public offering in 2009. Trading of LogMeIn, Inc., shares on the NASDAQ Global Market commenced on July 1, 2009.[14]

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.[15] In May 2014, it added to this initiative by acquiring Ionia Corp., which specializes in integrating connected objects.[16]

LogMeIn, Inc., acquired Bold Software, LLC, in 2012.[17][18]

The company abruptly discontinued LogMeIn Free on January 21, 2014, giving users only a seven-day grace period to migrate to LogMeIn Pro.[19]

LogMeIn acquired Meldium for $15M in September 2014[20] and retired the Meldium product offering in July 2017.[21]

On October 9, 2015, LogMeIn acquired LastPass for US$110 million.[22][23][24][25] On December 14, 2021, the company announced that LastPass would spin off into its own cloud-based security company.[26] The spin-off was completed in May 2024.[27]

In July 2016, LogMeIn announced in a merger with Citrix's GoTo products using a Reverse Morris Trust.[28]

In February 2017, LogMeIn completed a merger with GetGo, the corporate spin-off of the GoTo product line from Citrix Systems.[29]

In February 2018, the company announced the sale of Xively to Google for $50M.[30] Also in February 2018, the company announced the acquisition of Jive Communications for $342M.[31]

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 was delisted from NASDAQ.[32]

On February 2, 2022, LogMeIn was rebranded as GoTo,[33] restoring the original brand that ExpertCity created in 1998, before Citrix Systems acquired it in 2004.

On January 28, 2025, GoTo products have been rebranded as LogMeIn.[34]

Products

The company's product portfolio is split into two business units; unified communications and collaboration, and IT management & support.[35] The products include:

• GoTo Business Communication Products
• GoTo Connect
• GoTo Contact Center
• GoTo Meeting
• GoTo Webinar
• GoTo Training
• Grasshopper
• LogMeIn IT Management & Support Products
• LogMeIn Resolve
• LogMeIn Rescue
• LogMeIn Miradore
• LogMeIn Pro
• LogMeIn Central
• GoToMyPC
• Hamachi

See also

• Comparison of remote desktop software