Password management service 'LastPass' turns out to be separated from LogMeIn as an independent company



On December 14, 2021,

it was announced that LogMeIn , which provides remote access tools for PCs, will separate the password management service ' LastPass ' for PCs and smartphones as an independent company. LastPass was originally founded as a small startup and was acquired by LogMeIn in 2015.

LogMeIn Set to Establish LastPass as an Independent Cloud Security Company Amid Strong Market Demand
https://www.logmein.com/ja/newsroom/press-release/2021/logmein-set-to-establish-lastpass-as-an-independent-cloud-security-company-amid-strong-market-demand#

LastPass Investing Even More in Your Password Security in 2022 --The LastPass Blog
https://blog.lastpass.com/2021/12/lastpass-investing-even-more-in-your-password-security-in-2022/

LastPass is going to become an independent company --The Verge
https://www.theverge.com/2021/12/14/22833319/lastpass-independent-company-logmein

LastPass is a tool that allows you to centrally manage passwords for various services from your PC or smartphone, and you can read the detailed usage from the following article. From March 2021, the type of device that can be used in the free version is limited to one type.

'Less Pass' review for those who are a little worried about 'online synchronization' of password management --GIGAZINE



Founded in 2008 in northern Virginia, LastPass was originally a small startup with about 30 people, but in 2015 LogMeIn, which provides remote access tools for PCs, etc., was $ 125 million ( It was acquired at the rate at that time (about 15 billion yen).

In recent years, the number of accounts for online services and apps has doubled compared to before the pandemic due to the shift to remote work and lifestyle changes associated with the pandemic of the new coronavirus infection (COVID-19). Demand for password management services has skyrocketed, including survey results. At the time of writing, LastPass is used by more than 30 million users and more than 85,000 companies worldwide.

Meanwhile, it was announced that LastPass will be spun off from LogMeIn as an independent company. LogMeIn said in a statement that LastPass will become an independent company to increase investment in customer experience, marketability and engineering, and organically grow password management services such as password management, single sign-on and multi-factor authentication. It says it's a plan. 'LastPass's large scale, tremendous growth, market-leading positions and brands make it a great candidate for new opportunities as an independent company,' said Bill Wagner, CEO of LogMeIn.



Foreign media The Verge has pointed out that LastPass has been criticized in recent years for significantly raising prices from 2017 to 2019 and limiting the types of devices available in the free version. LastPass said in a statement that there would be no independent changes to user accounts or data, and a spokeswoman said there were no plans to raise prices for The Verge.

in Software,   Web Service, Posted by log1h_ik