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October 10, 2015

LastPass acquired by LogMeIn for $125 Million, will continue to provide its freemium service

Last night, I received an email notification from LastPass, which said that the popular cloud based password managing service, had been acquired by LogMeIn.

The acquisition deal is reportedly worth around $125 Million.

This came as quite a shock to me, as I have been using the service for the past five or six years. And I sure am not the only one who was unsettled after hearing the news. Users across the world have begun questioning the future of LastPass.

But LastPass states in its announcement, that its service will continue to exist in both free and premium versions, even after the acquisition.

First of all, we (LogMeIn/LastPass) have no plans [...]

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