|Bid||82.49 x 1200|
|Ask||99.00 x 800|
|Day's Range||80.00 - 82.96|
|52 Week Range||62.02 - 96.87|
|Beta (5Y Monthly)||1.12|
|PE Ratio (TTM)||277.78|
|Earnings Date||Feb 12, 2020 - Feb 17, 2020|
|Forward Dividend & Yield||1.30 (1.63%)|
|1y Target Est||81.30|
(Bloomberg) -- Private equity firm Francisco Partners Management has partnered with hedge fund Elliott Management Corp. in a bid to take workplace software provider LogMeIn Inc. private for more than $4 billion, according to people familiar with the matter.The firms are in advanced discussions to acquire LogMein and could announce a deal in the coming weeks, said the people, who asked to not be identified because the matter isn’t public. No final decision has been made and talks could fall through, the people said.Representatives for LogMeIn and Elliott declined to comment. A representative for Francisco Partners didn’t respond to a request for comment.LogMeIn’s shares rose more than 10% on the news. The stock was up 8.4% at 11:02 a.m. in New York trading, giving the Boston-based company a market value of $3.9 billion. Elliott is a New York-based hedge fund run by billionaire Paul Singer. Francisco Partners, with offices in San Francisco, London and New York, specializes in technology investments, according to its website.Elliott has a history with LogMeIn, which sells video conferencing services and also makes software products workers use to log into their corporate networks. Jesse Cohn, an Elliott partner and its head of U.S. activism, sat on the company’s board for about 16 months starting in January 2017. He joined LogMeIn’s board as part of its merger with Citrix Systems Inc.’s GoTo family of services, which was spun off.The hedge fund has been in and out of the stock since, briefly holding a 2.4% stake in the company last year.Francisco and Elliott partnered in 2016 to acquire Quest Software Inc. from Dell Inc. They are now weighing a sale of Quest, which could fetch $3.5 billion, people familiar with the matter said in October.(Updates shares in fourth paragraph.)\--With assistance from Liana Baker and Gillian Tan.To contact the reporters on this story: Nabila Ahmed in New York at firstname.lastname@example.org;Kiel Porter in Chicago at email@example.com;Scott Deveau in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Liana Baker at email@example.com, Matthew MonksFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
LogMeIn (LOGM) today announced it is making it easier than ever for customers to engage with businesses on the messaging applications they prefer to use. Bold360’s latest release helps businesses transform contact centers by offering always-on, scalable, and best-in-class customer engagement on the most popular global messaging channels including WhatsApp, WeChat, Facebook Messenger, and SMS Text. Messaging apps have become a preferred platform for personal engagement, with over 41 million messages sent per minute.
The appointment of Anshuman Kanwar, Onapsis's new general manager, comes after other longtime executives at LogMeIn left the company, or announced plans to retire, in the space of few months.
Before we spend days researching a stock idea we like to take a look at how hedge funds and billionaire investors recently traded that stock. Russell 2000 ETF (IWM) lagged the larger S&P 500 ETF (SPY) by more than 10 percentage points since the end of the third quarter of 2018. This means hedge funds […]
LogMeIn Inc. (LOGM) today announced the next major update to its recently released LastPass Identity solution that introduces new ways for an employee to access their work without needing to type a password. This release marks the next phase in the company’s longer-term strategy to redefine cloud identity and expand LastPass for Business into a complete identity offering. Building on its industry-leading enterprise password management technology, LastPass Identity now delivers a complete passwordless login experience for employees across applications, VPNs and devices (PCs, Macs, Android & iOS mobile devices) through device-native biometric authentication, single sign-on and federated identity integrations, all while giving IT complete control over every access point.
CommScope (COMM) plans to split its product portfolio into four business segments to drive operational efficiencies and deliver innovative solutions with increased access to new and growing markets.
Today we'll do a simple run through of a valuation method used to estimate the attractiveness of LogMeIn, Inc...
LogMeIn (LOGM) today announced the results of a global study conducted in partnership with Ovum to understand how support agents are faring in the age of ever-rising consumer expectations. The findings reveal that the vast majority of surveyed agents believe that the technology tools provided to customer-facing employees are not evolving as quickly as their needs are. The study surveyed 750 customer-facing employees, customer experience (CX) managers, and content managers in seven countries across North America, EMEA and APAC, and found that agents in physical locations are worse off than their counterparts in contact centers.
LogMeIn, Inc., (LOGM) today announced the general availability of its Unified Communications & Collaboration (UCC) product, GoToConnect, and video conferencing room solution, GoToRoom, in Australia. With this launch, all GoTo products, including market-leading solutions GoToMeeting and GoToWebinar, will be available Australia – facilitating greater workplace collaboration and increased productivity across organizations.
BOSTON, Nov. 18, 2019 -- LogMeIn Inc. (NASDAQ:LOGM) today announced it is joining forces with Bitdefender to power LogMeIn Antivirus (AV), a recently released feature available.
Enterprise software company LogMeIn Inc. could become the latest local tech company that was gobbled up by private equity in a deal that would make “perfect sense,” according to a mergers and acquisitions lawyer.
LogMeIn, Inc. (LOGM) today announced it has been named one of the Top 100 Workplaces in Utah by The Salt Lake Tribune. The annual list measures aspects of companies’ workplace culture beyond benefits and perks, including alignment, execution and connection. The awards are based on anonymous employee feedback gathered through a third-party survey administered by Energage, the research partner behind the Top Workplaces program.
LogMeIn Inc. (LOGM) today announced HP will offer easy access to its market leading password management solution, LastPass, to select customers who purchase the new HP Spectre x360 13. Accessible via a Windows Start Tile, HP customers can create a free LastPass account for a simple, secure way to manage passwords and other confidential information. Since launching in 2008, LastPass has won over millions of people by helping to simplify their online life, while making it easier to achieve strong password security.
LogMeIn, Inc.'s (LOGM) Alison Durant has been named the “Chief Marketing Officer of the Year” award winner in the 22nd Annual Technology Leadership Awards by the Mass Technology Leadership Council (MassTLC). “Alison’s leadership has been critical in unifying LogMeIn’s vision as we continue to expand globally and redefine markets,” said LogMeIn CEO, Bill Wagner.
Massachusetts is home to 36 of the 500 companies making this year’s ranking, with three local firms making the top 100 — including the No. 2 spot.
LogMeIn Inc. (LOGM) today announced that Ask PoliTM, a first-of-its-kind virtual advisor tool, created with the company’s Bold360 platform, has drawn more than 1.5 million unique visitors. Ask Poli was developed to help Fannie Mae — a leading source of financing for mortgage lenders — and its 1,400 customers search and navigate the more than 2,500-pages that make up its Selling and Servicing guides. “Technology is the backbone of today’s customer experience whether it is through self-service solutions such as Ask Poli or interactive help desks for human agents,” said Ryan Lester, Senior Director, Customer Experience Technology at LogMeIn.
Dividend paying stocks like LogMeIn, Inc. (NASDAQ:LOGM) tend to be popular with investors, and for good reason - some...
LogMeIn, Inc. (LOGM), a leading provider of cloud-based connectivity solutions and one of the world’s largest publicly traded SaaS companies, announced today that the company’s Chief Information Security Officer (CISO), Gerald Beuchelt, has joined the National Cyber Security Alliance (NCSA) board of directors. NCSA is a nonprofit, public-private partnership focused on helping everyone stay safer and more secure online. As a new member of the dedicated board, LogMeIn joins the commitment to create and implement far-reaching education and awareness efforts to empower everyone to stay safer online and to build a strong culture of cybersecurity and privacy.
BOSTON, Oct. 29, 2019 -- LogMeIn, Inc. (Nasdaq:LOGM) today announced that four of its Unified Communications and Collaboration (UCC) products, and one Identity and Access.