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December 18, 2019

LogMeIn Sold to Private Equity for $4.3 Billion

LogMeIn Sold to Private Equity for $4.3 Billion

Globe Newswire

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.

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Terminus Buys Sigstr to Expand ABM Scope

Terminus

On a smaller scale but closer to home, Account-Based Marketing vendor Terminus has purchased Sigstr, which puts ad messages into email signatures. Price wasn’t announced but you can bet they paid more than 4x revenue.

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Odoo Raises $90 Million for Open Source Integrated Business Platform

Business Wire

Sticking with financial news: integrated business application vendor Odoo just raised $90 million. The deal is a trend trifecta: open source, all-in-one software platforms, and private equity investors. Odoo claims 4.5 million users, most on its free version but some paying for Odoo Enterprise.

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