History
On December 2, 2010, it was announced that LastPass had acquired Xmarks, a web browser extension that enabled password synchronization between browsers. The acquisition meant the survival of Xmarks, which had financial troubles, and although the two services remained separate, the acquisition led to a reduced price for paid premium subscriptions combining the two services.[13][14] On March 30, 2018, the Xmarks service was announced to be shut down on May 1, 2018, according to an email to LastPass users.[15]
On October 9, 2015, GoTo acquired LastPass for $110 million. The company was combined under the LastPass brand with a similar product, Meldium, which had already been acquired by GoTo.[16][17]
On March 16, 2016, LastPass released LastPass Authenticator, a free two-factor authentication app.[18]
On November 2, 2016, LastPass announced that free accounts would now support synchronizing user content to any device, a feature previously exclusive to paid accounts. Earlier, a free account on the service meant it would sync content to only one app.[19][20]
In August 2017, LastPass announced LastPass Families, a family plan for sharing passwords, bank account info, and other sensitive data among family members for a $48 annual subscription. They also doubled the price of the Premium version without adding any new features to it. Instead, some features of the free version were removed.[21]
On December 14, 2021, GoTo announced that LastPass would be established as an independent company.[22] The spin-off was completed in May 2024, with LastPass being directly controlled by Francisco Partners and Elliott Investment Management, the private equity firms that took GoTo private in 2020.[7][23]
