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LogMeIn Acquired by Private Equity

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131–140 of 319 posts

Re: LogMeIn Acquired by Private Equity

#131

A lot of discussion surrounding LastPass and alternatives, but what are some actual LogMeIn alternatives that people like?

I use AnyDesk now as TeamViewer became annoying with their need to install and things like disconnects every x-minutes. Didn't look back since.

Re: LogMeIn Acquired by Private Equity

#133
post #93
post #82

Earlier quoted context omitted.

Safe to say it's: 1) It's generally preferable that open-source solutions be as capable & usable as closed-source ones, and 2) having the best option be a subscription service is very, very "ugh", as has been constantly complained about here and elsewhere.

Re: 1. Got it. Re: 2. It's not just subscription. Download the app (Mac or Windows) and in the options choose to create a new local vault. You'll be presented with a dialog to buy a license if you don't already have one. I get the complaints about subscriptions, but there are certainly pieces of software I am willing to pay a subscription for. One that is actively improved, secured, and is used throughout my day is o…

As an ex-1Password user, y'all lost me when you released a new Windows client that didn't support local vaults and let the old client stagnate while pushing everyone to switch to a cloud subscription.

I waited and waited for local vault support to come back and finally migrated to something else. No other password manager is as good as 1Password but stringing that out for so long cost AgileBits my business, forever.

Re: LogMeIn Acquired by Private Equity

#134
This sort of deal is becoming the rule, rather than the exception.

"Special interests", i.e. Hedge Funds and other Private Equity are increasingly grabbing up deals that the general public via the stock market should be entitled to first.

This is really more and more about the rich and powerful cutting out the general population, and I think it deserves legislation to correct it.

Re: LogMeIn Acquired by Private Equity

#135
post #81

Earlier quoted context omitted.

Great product, hundreds of computers for professional purposes, and "several thousand dollars" is a sticking point? Why?

(Not parent but I have experience from both sides: I regularly purchase five-figure software licenses for my clients, and help clients optimize their own pricing.) It's about trust and expectations. If a software company blindsides me with a 1,000% price increase overnight (or ∞%) without advance warning, then how can I trust them to warn me in advance about other major changes in the future? If they don't have the d…

Its this, it was a trust thing. Logmein as a company always behaved very strangely. They were very opaque about their roadmap, upcoming pricing changes etc. Where-as other companies have slowly transitioned free users to paid it was extremely sudden with Logmein. We did actually stick with them when it first moved away from being 100% free but then a year later they really ratcheted up the cost, again with no warning.

Re: LogMeIn Acquired by Private Equity

#136
post #72

LastPass... :-(

Use Pass ( https://www.passwordstore.org/ ) to generate and store passwords locally, GNU Privacy Guard ( https://gnupg.org/ ) to encrypt them, and then use git ( https://git-scm.com/ ) to backup and sync your encrypted passwords on all your devices in a distributed way. Pass is an open source project by the guy who made WireGuard ( https://www.wireguard.com/ ), and there are open source apps for iOS and Android too,…

Ensuring a gpg key isn't lost seems pretty obnoxious.

Re: LogMeIn Acquired by Private Equity

#137
post #120

Earlier quoted context omitted.

A situation where the remote datastore is compromised and now with it, all of my passwords. Or if I was to buy into 1Password's worldview, all of my credit cards, bank accounts, ID cards, everything I want to keep a secure digital copy of, is at risk. Having a sense of control is a huge part of the way we think. Despite the greater risk of death in a car compared to an aeroplane, there's less concerns about car trave…

I think you may want to take a closer look at how 1Password works. I'll give a quick rundown here, but our security white paper goes into much greater detail: https://1pw.ca/whitepaper Your data is encrypted locally on your devices, it is never available in a decrypted form on any of our servers. A compromise of our servers would result in the attacker getting gibberish (encrypted data). To decrypt that data the atta…

Replying to this as I can't reply to the other child comment: The secret key is emailed given to you when you enroll and is used, frequently, every time you enroll a new device. 1Password would have to screw up catastrophically to just not use it.

Obviously they _could_ screw up catastrophically, but if you don't trust them to operate their service with a basic level of competence you probably shouldn't be using them as a password manager to begin with.

Re: LogMeIn Acquired by Private Equity

#138
post #122

These guys must really be pessimistic about their future if they are accepting a deal of $86/share. Their 52 week high was $96/share, and as high as $120/share last year.

From 2017 to 2018 they nearly tripled revenue, probably a reflection of the price changes that many in this thread have complained about. The problem is that since then their growth has completely stalled out and is projected to be under 5% for both this year and next year. While their revenue tops out over $1B their net profit is pretty slim. Post acquisition expect to see a lot of cuts to improve cash flow as opera…

PE will continue to milk this cow like they've done before (eg Intuit, etc).

Re: LogMeIn Acquired by Private Equity

#139

I don't understand how HN can complain about Google sucking up data and rarely if ever mention LassPass's terms of service which basically flat out state they share your info to marketers. Effectively they appear to be making money by looking at all the sites you log into via LassPass. If you're using their browser plugin I can only guess, given their Terms of Service, that they're spying on all pages, not just pages…

[deleted]

Re: LogMeIn Acquired by Private Equity

#140
post #102

Earlier quoted context omitted.

Maybe that's reasonable in private markets, but Logmein was a public company (LOGM). Valuations and multipliers for public equities are the consensus of a set of investors who buy and sell the stock all day. Anyone who wanted to take the money and run could choose to do so between the hours of 9:30 and 4 EST for the last decade.

That depends on the size of their holdings and on how liquid the stock really was, it might take quite a while to liquidate a large holding and it would very likely depress the market, especially if all the execs decided to liquidate their complete holdings (assuming they would be even allowed to). So the consensus is what it is given normal volume, likely a relatively small chunk of shares changing hands repeatedly…

In other words, you get a discount for buying in bulk. :)
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