LogMeIn, a provider of cloud-based IT access and management tools, has acquired cloud-based password manager service LastPass.
LastPass is popular with users for its focus on security, excellent customer service, and commitment to transparency. When it was recently targeted in an attack, the company garnered praise for the way it promptly responded and notified users exactly what was happening.
In enterprises, identity is increasingly decentralized as users turn to various cloud, Web, and mobile apps to do their jobs. With IT no longer controlling where corporate data is stored or who can use it, enterprises are turning to cloud-based identity and access tools. The LastPass purchase helps LogMeIn address this shift by building up its product line for helping businesses securely work with sensitive information.
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