logmein inc (LOGM) Key Developments
LogMeIn, Inc., Marvasol, Inc. - M&A Call
Oct 9 15
To discuss acquisition by LogMeIn, Inc. of LastPass (incorporated as Marvasol, Inc.)
LogMeIn, Inc. Appoints New Members to IOT Advisory Board
Sep 30 15
LogMeIn, Inc. announced the addition of two new members to its recently created IoT advisory board designed to help inform, shape and accelerate future IoT innovation for LogMeIn, its IoT customers and the market, at large. New members include: Sid Jatia, Vice President, Direct-to-Consumer Digital at Under Armour; Tim O'Keeffe, Chief Executive Officer of Symmons Industries. Jatia and O'Keeffe join executives and leaders from MIT, Cisco, Neura, HP, SATO, New England Biolabs and IDEXX on the IoT advisory board, which was formed in July of this year.
LogMeIn Reaffirms Earnings Outlook for Third Quarter of 2015; Provides Earnings Outlook for the Full Year of 2015
Sep 2 15
LogMeIn reaffirmed earnings outlook for third quarter of 2015. For the period, the company expects revenue in the range of $68.8 million to $69.3 million and Non-GAAP net income in a range of $0.43 to $0.44 per diluted share.
For the full year, revenue is forecast at $265 million to $266.5 million and EPS of $1.51 to $1.57.
LogMeIn Announces Management Changes
Sep 2 15
LogMeIn, Inc. announced that its Board of Directors has approved a succession and transition plan for the company's chief executive officer (CEO) position. Effective at the end of 2015, Michael K. Simon, the company's co-founder and CEO for the past 12 years, will step down as CEO. He will be succeeded as CEO by William "Bill" R. Wagner, currently the company's president and chief operating officer. Simon will remain as the company's chairman of the board and will also serve in an advisory role to Wagner. Wagner was hired in 2013, joining LogMeIn as the company's first chief operating officer. In this key capacity, he implemented strategic initiatives that helped accelerate the company's growth. Wagner was promoted to president in January of 2015 and thereafter was appointed to the company's Board of Directors.
LogMeIn Rescue Extends Leading Remote Support Capabilities to LG Smartphones
Aug 3 15
LogMeIn, Inc.'s remote support offering, LogMeIn Rescue, has entered into an agreement with LG as part of their enterprise-focused LG GATE program, enabling IT personnel to quickly, easily and securely gain remote access to fully control Android-based LG smartphones and help the owner troubleshoot their device. By partnering with LG, LogMeIn Rescue provides IT with a secure, more flexible, and hands on approach to supporting LG devices. In addition to seeing what's happening on the user's mobile device screen, LogMeIn Rescue allows support technicians to actually take control and operate the LG device. This capability becomes necessary to change settings and configurations in order to fix a problem, show a user how to do something or install new apps. Now with LogMeIn Rescue, the IT staff has the ability to effectively support customers in an efficient and cost-effective manner. The ability to support LG phones is included in the current subscription cost for LogMeIn Rescue with mobile support capabilities, which starts at $1,749 per year. The LogMeIn Rescue app will work on smartphones operating Android version 4.0 and newer.