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)
2,676 (est)-3%
LogMein was founded in 2003 and is headquartered in Boston, US
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Key People/Management at LogMein

William Wagner

William Wagner

President and Chief Executive Officer
Ed Herdiech

Ed Herdiech

CFO
Alison Durant

Alison Durant

Senior Vice President, Corporate Marketing
Tara Haas

Tara Haas

Senior Vice President, Chief of Staff & Head of Innovation
Larry DAngelo

Larry DAngelo

Senior Vice President, Global Sales
Michael Donahue

Michael Donahue

Senior Vice President and General Counsel
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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 Revenue

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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 (Q2, 2018)

584.9 m

Gross profit (Q2, 2018)

449.1 m

Gross profit margin (Q2, 2018), %

76.8%

Net income (Q2, 2018)

36.3 m

EBIT (Q2, 2018)

49.4 m

Market capitalization (16-Aug-2018)

4.1 b

Closing stock price (16-Aug-2018)

79.3

Cash (30-Jun-2018)

198.9 m

EV

4.1 b
LogMein's current market capitalization is $4.1 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
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, 2017Q1, 2018Q2, 2018

Cash

132.2 m136.1 m160.4 m141.2 m139.9 m146.6 m266.7 m261 m262.1 m365.2 m198.9 m

Accounts Receivable

12.6 m14.2 m15.9 m15.1 m14.5 m16.2 m73 m75.8 m83.9 m84.4 m81.9 m

Prepaid Expenses

13.3 m7.3 m8.6 m16 m14.3 m14.5 m34 m40.4 m34.4 m56.7 m

Current Assets

265.3 m264.7 m275.5 m257.6 m254.2 m248 m403.1 m401.6 m394.3 m506.3 m337.3 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, 2017Q1, 2018Q2, 2018

Net Income

372 k2.8 m8.3 m(1.1 m)1.4 m776 k(18.6 m)(3.7 m)6.2 m29.7 m36.3 m

Depreciation and Amortization

2.9 m5.9 m9.2 m5.4 m10.7 m16.1 m40.3 m98.6 m158.8 m71.3 m146.4 m

Accounts Payable

3.8 m4.4 m3 m1.7 m2.5 m4.7 m3.9 m11.2 m10.2 m9.6 m11.5 m

Cash From Operating Activities

40 m58.6 m72 m38 m64 m84.1 m105.9 m192.8 m283.3 m154 m257.2 m
USDY, 2018

EV/EBIT

83.3 x

EV/CFO

16 x

Financial Leverage

1.3 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
Jive Communications (582)February 08, 2018$357 m
Bold360 (78)August 01, 2017$45 m
LastPass October 08, 2015$110 m
Zamurai June 04, 2015$6 m
Meldium September 04, 2014$15 m
Ionia Corporation May 06, 2014
Bold Software January 09, 2012
Xively July 20, 2011
GetGo Communications LLC
GetGo Communications Virginia LLC
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LogMein Online and Social Media Presence

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LogMein Company Life and Culture

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