LogMeIn spins off LastPass brand into separate company

LogMeIn spins off LastPass brand into separate company

Will allow it to increase investments in customer experience, go-to-market functions and engineering.

Bill Wagner (LogMeIn)

Bill Wagner (LogMeIn)

Credit: LogMeIn

US-based vendor LogMeIn has spun off its LastPass brand into its own company in order to accelerate organic growth.

LogMeIn claims that the decision to move its password manager product into a standalone business will allow it to increase investments in customer experience, go-to-market functions and engineering.

This, it believes, will lead to organic growth in the password management, single sign-on (SSO) and multi-factor authentication sectors.

“The substantial scale of LastPass, its tremendous growth, and its market leading position and brand makes it a perfect candidate to seize new opportunities as its own standalone company,” said Bill Wagner, president and CEO of LogMeIn.

Currently, LastPass is used by over 30 million users and 85,000 businesses globally, with the solution to receive updates during 2022 due to increased resources.

"Today's announcement also reflects our strategic priority to strengthen and invest in our flexible work enablement portfolio across unified communications and collaboration and IT management and support," Wagner added. “We believe that LogMeIn is well positioned to continue to deliver strong results and capitalise on the tremendous opportunity in today’s virtual environment.”

During June last year, LogMeIn made LastPass Enterprise available for managed service providers (MSP), as well as referral and reseller partners, to sell, manage and support through its Partner Network.

Follow Us

Join the newsletter!


Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags logmeinLastPass


EDGE 2023

EDGE is the leading technology conference for business leaders in Australia and New Zealand, built on the foundations of collaboration, education and advancement.


ARN has celebrated gender diversity and recognised female excellence across the Australian tech channel since first launching WIICTA in 2012, acknowledging the achievements of a talented group of female front runners who have become influential figures across the local industry.

ARN Innovation Awards 2023

Innovation Awards is the market-leading awards program for celebrating ecosystem innovation and excellence across the technology sector in Australia.

Brand Post

Channel Roadmap

The Channel Roadmap is a bespoke content hub housing strategic priorities from technology vendors for 2022 and beyond, partners can find the guidance on the key technologies and markets to pursue, to help build a blueprint for future success.

Show Comments