LogMeIn is a provider of software as a service and cloud-based remote connectivity services for collaboration, IT management and customer engagement. The Company's products are focused on three business areas, including Communications & Collaboration services, Identity & Access Management services, and Customer engagement & support services. The products include: LogMeIn Pro – subscription-based remote access and administration software; LogMeIn Central – web application focused on IT management for remotely managing PCs and servers running on Windows or Mac OS X operating systems; LogMeIn Rescue – remote support (help desk) web application used by large contact centers and help desks for diagnosing and troubleshooting computers, smartphones, and tablets; LogMeIn Hamachi – network virtualization and VPN service; LogMeIn Backup – remote backup software; Jive - Hosted PBX telephone service;join.me – a freemium meeting and online collaboration software; RemotelyAnywhere – remote access and administration software; Xively – Platform-as-a-Service for building and managing Internet of Things devices and related services; Bold360 – a live chat and customer engagement service solution used by thousands of retail, financial services, manufacturing, software, and telecommunications organizations; LastPass; GoToAssist; GoToMeeting; GoToMyPC; GoToTraining; GoToWebinar; Grasshopper; Nanorep.

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Type
Public
HQ
Boston, US
Founded
2003
Size (employees)
2,760 (est)-2%
LogMein was founded in 2003 and is headquartered in Boston, US
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Key People/Management at LogMein

Michael Simon

Michael Simon

CEO
William Wagner

William Wagner

President and Chief Executive Officer
Ed Herdiech

Ed Herdiech

Chief Financial Officer
W. Sean Ford

W. Sean Ford

Chief Marketing Officer
Chris Battles

Chris Battles

Chief Product Officer
Tara Haas

Tara Haas

Senior Vice President, Chief of Staff
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LogMein Office Locations

LogMein has offices in Mumbai, Munich, Karlsruhe, Dresden and in 15 other locations
Boston, US (HQ)
320 Summer St
San Francisco, US
27 Maiden Lane (Suite 700)
Wichita, US
2024 N. Woodlawn, Suite 350
Sydney, AU
Level 4, 66 King St
Budapest, HU
Andrássy út, 9. II. em.
Szeged, HU
Széchenyi tér 3. I em.
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LogMein Financials and Metrics

LogMein Financials

LogMein's revenue was reported to be $989.79 m in FY, 2017 which is a 194.5% increase from the previous period.
USD

Revenue (FY, 2017)

989.8 m

Revenue growth (FY, 2016 - FY, 2017), %

194.5%

Gross profit (FY, 2017)

786.6 m

Gross profit margin (FY, 2017), %

79.5%

Net income (FY, 2017)

99.5 m

EBIT (FY, 2017)

(11.8 m)

Market capitalization (23-Apr-2018)

6 b

Cash (31-Dec-2017)

252.4 m
LogMein's current market capitalization is $6 b.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

222 m271.6 m336.1 m989.8 m

Revenue growth, %

34%22%24%195%

Cost of goods sold

28.7 m35.5 m45.5 m203.2 m

Gross profit

193.2 m236.1 m290.6 m786.6 m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

61.1 m64.8 m69.6 m79.7 m83.3 m85.1 m187.5 m257 m269.3 m

Cost of goods sold

8 m8.5 m8.7 m11.2 m11.4 m11.5 m38.9 m53.2 m55.6 m

Gross profit

53.1 m56.3 m60.9 m68.5 m71.8 m73.6 m148.5 m203.8 m213.7 m

Gross profit Margin, %

87%87%88%86%86%87%79%79%79%
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Cash

101 m123.1 m140.8 m252.4 m

Accounts Receivable

18.3 m16 m25.9 m93.9 m

Prepaid Expenses

4.5 m12 m5.7 m52.5 m

Current Assets

230.9 m236.4 m228.1 m398.8 m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

132.2 m136.1 m160.4 m141.2 m139.9 m146.6 m266.7 m261 m262.1 m

Accounts Receivable

12.6 m14.2 m15.9 m15.1 m14.5 m16.2 m73 m75.8 m83.9 m

Prepaid Expenses

13.3 m7.3 m8.6 m16 m14.3 m14.5 m34 m40.4 m34.4 m

Current Assets

265.3 m264.7 m275.5 m257.6 m254.2 m248 m403.1 m401.6 m394.3 m
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Net Income

8 m14.6 m2.6 m99.5 m

Depreciation and Amortization

11.1 m13.7 m21.5 m221.3 m

Accounts Payable

1.7 m1.4 m6.1 m(5 m)

Cash From Operating Activities

74.2 m85.8 m92.3 m316.2 m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Net Income

372 k2.8 m8.3 m(1.1 m)1.4 m776 k(18.6 m)(3.7 m)6.2 m

Depreciation and Amortization

2.9 m5.9 m9.2 m5.4 m10.7 m16.1 m40.3 m98.6 m158.8 m

Accounts Payable

3.8 m4.4 m3 m1.7 m2.5 m4.7 m3.9 m11.2 m10.2 m

Cash From Operating Activities

40 m58.6 m72 m38 m64 m84.1 m105.9 m192.8 m283.3 m
USDY, 2017

Revenue/Employee

442.7 k

Financial Leverage

1.2 x
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LogMein Operating Metrics

FY, 2015FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017

Patents Issued

13 155 173

Patents Pending

11 150 107

Monthly Users (GoToMeeting & join.me)

20 m20 m20 m

Yearly Conference Calling Minutes

12 b12 b12 b
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LogMein Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Nihon LogMeIn K.K.
LogMeIn Ireland Holdings Limited
LogMeIn Ireland Limited
LogMeIn Kft.
LogMeIn London Ltd.
LogMeIn Systems India Private Limited
LogMeIn Technologies UK Ltd
Nanorep, Inc.
Nanorep Technologies Ltd.
GetGo Communications LLC
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