LastPass has taken a huge dip in quality since the Logmein acquisition and I expect this will only make it worse.
LogMeIn Acquired by Private Equity
141–150 of 319 posts
Re: LogMeIn Acquired by Private Equity
#142LogMeIn Hamachi was a pretty great way of setting up a LAN over the internet for gaming. We used to play Minecraft on it all the time in college.
Hamachi was created by Alex Pankratov. Once LogMeIn purchased Hamachi, they ruined it with the following update (either purposefully or accidentally) by making it no longer work with a large handful of older games. That sanfu in combination with a more bloated UI, forced LogMeIn account, and a splattering of useless features made it obsolete within a few months. It was the fastest rise and fall of a piece of software I have ever personally witnessed. You can read about the original Hamachi on the author's website here: https://swapped.cc/#!/hamachi
Re: LogMeIn Acquired by Private Equity
#143Earlier 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…
> Edit: apparently markdown isn't a thing here.
Extremely satisfied 1Password customer here. You're correct about lack of Markdown, and for the details: https://news.ycombinator.com/formatdoc
Re: LogMeIn Acquired by Private Equity
#144My old company used Logmein professionally to remotely manage 100s of computers for many years before switching to ConnectWise. They had a great product for a long time but some of the worse licensing decisions I've ever seen. It went from being completely free to several thousand dollars overnight without any additional features, support, etc being offered. And meanwhile development was stagnant with only weird chan…
An interesting approach. When I worked at a university and had 100+ machines to handle (back in the WinXP days), we just used udpcast + sysprep to do full disk cloning. We never bothered with individual machines, if anything ever went wrong we just wiped the whole thing and re-cloned it. Keeping 100+ machines up and running, and caring for individual ones sounds like a whole lot of work. Admittedly we got away with i…
We managed a bunch of small businesses, with sometimes completely different hardware, Windows versions etc. So unfortunately a lot of the larger scale/same local/VPN network IT management solutions wouldn't work for us.
Re: LogMeIn Acquired by Private Equity
#145Off-topic, but can anyone tell me of an instance whereby a software entity was acquired by a VC firm and things turned out great?
Others have pointed out the difference between VC and PE, but I think there's a crucial thing missing from your question: turned out great for whom?
Re: LogMeIn Acquired by Private Equity
#146Earlier quoted context omitted.
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. :)
Yes, but this PE party actually paid slightly over market rate and up considerably from a week ago.
Re: LogMeIn Acquired by Private Equity
#147The pricing for LogMeIn and Hamechi and TeamViewer is ridicolous. Paying tens of dollars for a TightVNC with a middle server is more luxurious than having WinRar licence
Re: LogMeIn Acquired by Private Equity
#148Software Engineer here working on GotoMeeting (throwaway account). Not having gone through a private equity buyout in my career before, any ideas of what to expect/any recommendations of what to do now?
Re: LogMeIn Acquired by Private Equity
#149Yep, we also used to have thousands of machines under management (across different clients), I always loved logmein, but moved to teamviewer for pricing reasons.
For example, in $:
0 > 1,500 > 3,000 > 5,000 > 8,000 > 12,000 > ...
(For the same service, over the years)
We left around 6-8k. The issue was always around a lack of transparency and arbitrary price increases, never about the actual price.
Re: LogMeIn Acquired by Private Equity
#150My old company used Logmein professionally to remotely manage 100s of computers for many years before switching to ConnectWise. They had a great product for a long time but some of the worse licensing decisions I've ever seen. It went from being completely free to several thousand dollars overnight without any additional features, support, etc being offered. And meanwhile development was stagnant with only weird chan…
Great product, hundreds of computers for professional purposes, and "several thousand dollars" is a sticking point? Why?
Companies will pay money for software, but they are risk adverse and being inconsistent (e.g. large immediate price increase) will make them switch unless they are currently stuck with your product (e.g. Oracle).
No one likes going into another budget meeting because some vendor didn't give you warning and you need to adjust in the current fiscal year. Your company will be remembered and not in a good way. If you sell software to businesses you really, really need to understand corporate budgeting and the process they go through. Heck, if you sell to Federal (US) entities you better know the significance of October and schedule accordingly.