As of December 14, 2021, LastPass is owned by GoTo, a separate company from LogMeIn. However, it’s worth noting that LogMeIn initially acquired LastPass back in October 2015. This acquisition was a significant move for LogMeIn as it expanded their portfolio of remote access and collaboration solutions.
LastPass is a popular password manager that allows users to securely store and manage their passwords across various online platforms. It offers features such as password generation, autofill, and multi-factor authentication, helping users enhance their online security and convenience.
Now, let’s delve into the timeline of ownership and the recent developments surrounding LastPass.
1. LogMeIn Acquisition (October 2015): LogMeIn, a provider of remote connectivity and collaboration solutions, acquired LastPass in 2015. This acquisition allowed LogMeIn to expand its product offerings and enter the password management market.
2. LogMeIn’s Ownership Period: For several years, LastPass operated as a subsidiary of LogMeIn. During this time, LastPass continued to enhance its password management capabilities and attract a large user base.
3. GoTo Separation Announcement (December 14, 2021): On December 14, 2021, LogMeIn announced that it would be separating LastPass from its operations and making it into a separate company. This decision was part of LogMeIn’s strategy to focus on its core remote connectivity and collaboration products under the GoTo brand.
4. LastPass Accelerated Release Timeline: Along with the announcement of the separation, LogMeIn also stated that LastPass would accelerate its release timeline. This implies that LastPass will be more agile in delivering new features and updates to its users in the future.
The decision to separate LastPass from LogMeIn and accelerate its release timeline could be seen as a strategic move to give LastPass more autonomy and flexibility as a standalone company. This separation may allow LastPass to better cater to the evolving needs of its user base and further innovate in the password management space.
It is important to note that this information is up to date as of the time of writing, and any future developments may alter the ownership structure or plans for LastPass. Stay tuned for any further updates regarding LastPass and its ownership.