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This is pretty terrible news. It would have been need to see LastPass get acquired by a company like AWS but LogMeIn doesn't really have the reputation required
by ntrepid8 11y ago
This is pretty terrible news. It would have been need to see LastPass get acquired by a company like AWS but LogMeIn doesn't really have the reputation required to ask people to trust them with all their passwords.
Also, the valuation also seems low to me. Maybe LastPass was having trouble generating recurring revenue. It seems like going public would be a better route for security companies but maybe the revenue wasn't there for an IPO.
I've had a paid subscription for years and used their enterprise service for 2 different startups. Hopefully the service doesn't start to suck. I'm already scouting alternatives.
- gautier 11y agoWe were in a similar situation a few months ago when Mitro announced that they were shutting down their service. Mitro's owner being really nice, they open-sourced the browser extensions, server and mobile applications so we used them to run our own: https://passopolis.com/ https://passopolis.com/ We plan to keep the code open-source and we're working hard at the moment to introduce the organisation feature useful for start-ups. We plan to make the organisation feature a premium service so we can justify running and improving Passopolis for as long as it stays useful.
- jsutton 11y agoLogMeIn has many years of experience securing their remote management software, something that has incredible potential for malicious activity. They seem like a good candidate for keeping LastPass secure, based on their reputation from a technical standpoint.