News

LogMeIn Sold to Private Equity for $4.3 Billion

Private equity investors continue to pour money into customer experience systems. The latest is a $4.3 billion deal to take private LogMeIn, whose products include remote access (LogMeIn), collaboration (join.me) and Webinars (GoToWebinar). The price is less than 4x revenue, astonishingly low for the tech industry.