![]() ![]() LastPass signature tool is a password management service that helps users create strong, secure passwords for websites. In 2015 for example it acquired password and account management company LastPass for $110 million. However, the firm is not afraid of making acquisitions to fuel growth. LogMeIn has established itself as a cloud connectivity specialist and is perhaps best known for its, LastPass, LogMeIn Rescue and BoldChat products. “It’s a combination that immediately gives both parties the power to deliver significantly more value to our combined customer bases.” Acquisition History “With market defining brands like GoToMeeting and GoToWebinar, LogMeIn is one of the most recognised and respected names in collaboration – a leader with the reach, scale and resources capable of fueling Jive’s next chapter of growth and customer-focused innovation,” said Jive’s Pope. “We believe the combination of Jive’s award-winning voice, video, contact center and mobile applications with our leading collaboration products, GoToMeeting and, will give LogMeIn one of the best and most comprehensive UCC offerings in the market.” “Jive’s success in UCaaS is a testament to its modern cloud-based platform, its deliberate focus on customer satisfaction, and its renowned culture of innovation,” said Wagner. That said, after the deal is closed John Pope, the CEO of Jive Communications, will continue to run the Jive Communications business, reporting directly to LogMeIn’s boss Bill Wagner. The deal is expected to close during the second quarter of 2018, subject to certain regulatory approvals and customary closing conditions, and there is no word yet on any potential redunancies. LogMeIn made clear the deal will help it accelerate its overall Unified Communications and Collaboration (UCC) strategy, as well as bolster LogMeIn’s collaboration portfolio. Jive Communications (not to be confused with Jive Software, which was acquired by Aurea Software last year), offers cloud-based and enterprise-grade phone systems and other unified communications services including voice, video, contact centre, and mobile applications to 20,000 customers worldwide. Under the terms of the deal, the remote connectivity specialist is to pay $342m (£247m)in cash for Jive, along with an additional $15m subject to the completion of specified milestones after the deal is closed. ![]() LogMeIn is to acquire Jive Communications in an effort to bolster the former’s presence in the unified communications and collaboration sector. ![]()
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