LogMeIn purchased LastPass for $110 million in cash back in 2015, with an additional $15 million payable over a two-year period after the deal closed contingent upon…
What just happened? LastPass parent company LogMeIn has revealed plans to spin off the password manager as an independent cloud security company, citing an uptick in new accounts created since the pandemic as one of several motivators for the move. LogMeIn purchased LastPass for $110 million in cash back in 2015, with an additional $15 million payable over a two-year period after the deal closed contingent upon the company reaching certain milestone and retention targets.
