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LOGM Stock - LogMein, Inc.


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LogMeIn, Inc. (LOGM) is a publicly-traded software company that provides cloud-based remote connectivity services for businesses and individuals. The company's services include remote access, support, and collaboration, as well as IT management and password management solutions.

Founded in 2003, LogMeIn has become a leading provider of cloud-based remote connectivity solutions. The company's services are used by businesses of all sizes, as well as individuals. LogMeIn's flagship products include LogMeIn Central, which provides IT management tools, and GoToMeeting, a web conferencing platform that allows users to conduct online meetings, webinars, and training sessions.

LogMeIn has been growing steadily over the years, with revenue increasing from $114 million in 2011 to over $1 billion in 2019. The company's strong financial performance has been driven by its ability to capitalize on the growing demand for remote connectivity solutions in today's digital world.

In addition to its flagship products, LogMeIn has also expanded its product offerings through strategic acquisitions. For example, in 2015, the company acquired LastPass, a leading provider of password management solutions. This acquisition has helped LogMeIn expand its product offerings and reach new markets.

Despite its strong financial performance, LogMeIn has faced challenges in recent years, including increased competition from other remote connectivity solution providers. The company has responded by investing heavily in product development and marketing, as well as exploring new markets and partnerships.

Overall, LogMeIn is a well-established player in the remote connectivity space, with a strong track record of growth and innovation. The company's ability to adapt to changing market conditions and capitalize on new opportunities will likely be key factors in its futu



 

 
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