LogMeIn, the awesomely terrible remote login company, has acquired LastPass, a popular password manager, for $110 million in cash.
The news itself is noteworthy — think of all the micro-funds the employees will start once they divvy up that $110M — but most intriguing is what’s already happening now that the acquisition is public. It’s the GoDaddy-Media Temple deal all over again. LogMeIn’s stock has dipped a couple of percentage points following the deal, and LastPass users are foaming at the mouth.
No, really.
AI Weekly
The must-read newsletter for AI and Big Data industry written by Khari Johnson, Kyle Wiggers, and Seth Colaner.
Included with VentureBeat Insider and VentureBeat VIP memberships.
Following all of this constructive feedback, LastPass appears to have removed the ability to comment on its announcement blog post — at least, we can’t find a way to leave a comment now.
And so the ranting, mourning, and migration recommendations have moved on to Twitter. I suppose there’s always 1Password?
VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative enterprise technology and transact. Learn More