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LogMeIn Acquired by Private Equity

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Re: LogMeIn Acquired by Private Equity

#271

Software 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?

In their mind, they bought a $4.3 billion orange and expect to make more than $4.3 billion worth of orange juice from it.

If you want to find out what it feels like to be inside of an orange that’s being squeezed for $4.3 billion plus value, stick around.

Re: LogMeIn Acquired by Private Equity

#272
post #79
post #76

Serious question: how much will this impact LastPass? I get that a buy-out creates some risk for the company's future, but is migration really required in the next 6-12 months?

Private equity (PE) has a bad reputation for a good reason. I wouldn't jump to migration immediately, but you should keep an up to date export in a secure place. PE can take years to drive a company into the ground with debt.

Why are you automatically assuming their goal is to load the company with bad debt? That’s only the outcome if the acquisition and plan are unsuccessful...

Re: LogMeIn Acquired by Private Equity

#273
post #117

Earlier quoted context omitted.

At the time I loved their product and installed it on parents machines. It was great. I was happy to pay 100 or 200 a year but they wanted way more. Stopped using it and never found an equivalent.

I use copilot when I need to remotely help my parents. https://www.copilot.com/Pricing

Why not use Chrome Remote Desktop Remotedesktop.google.com which is free for family support? It's much easier than it used to be

Re: LogMeIn Acquired by Private Equity

#274

In my experience, a private equity take over is the kiss of death.

They could just as well be buying it as a platform for their portfolio, and look to buy more similar companies to consolidate. PE is more than just buying struggling companies, it’s often buying fairly valued companies in a fast growing sector, and then expanding them, or finding ways to cut costs.

Re: LogMeIn Acquired by Private Equity

#275
post #3

Earlier quoted context omitted.

1Password is better and unlikely to be acquired. They are quite profitable on their own.

(Personal Opinion): I'm gonna vouch against 1Password. Some months ago I tried migrating from LastPass to 1Password, had a lot of headaches with the >having to run an executable in the background During testing, I was also constantly being prompted to pay for the thing, (trial was just started!). At least importing worked (kinda, some non-form fills [CC, SSN] didn't import or just would get dumped on random places al…

[deleted]

Re: LogMeIn Acquired by Private Equity

#276
I used LastPass then 1Password before.

today, I've finally switched to KeepassXC today and am wondering why I haven't done this any sooner. Really happy especially with the cli. If you don't trust your AES stack (shitty implementations on certain SSD's) you have options such as chacha20. The whole project seems well maintained too.

there was a rework-podcast today with DHH and Dave Tear discussing venture capital and what this funding means for 1Password. https://rework.fm/venture-capital-and-control-with-david-tea...

Re: LogMeIn Acquired by Private Equity

#277
This thread seems to be dominated by bitwarden recommendations, So I thought I would list some of the other reliable options that I'm considering.

- Keepass https://www.keepassx.org/ | https://keepassxc.org/

- Pass https://www.passwordstore.org/

- Dashlane https://www.dashlane.com/

- 1Password https://1password.com/

- Bitwardnen https://bitwarden.com/

- Lockwise https://www.mozilla.org/en-US/firefox/lockwise/

If you think there are other legit options out there please reply with links to the project / product.

Re: LogMeIn Acquired by Private Equity

#278
post #269

Earlier quoted context omitted.

I'd recommend that your customer checks out [Chrome Remote Desktop]( https://remotedesktop.google.com/ ). It's completely free, simple to set up, and seems to perform way better than VNC. Plus no need to open firewall ports or worry about encryption and security – that's all handled for you.

I'd really like to use this but without a Google account. Hopefully this will be possible one day.

What's still in it for Google then?

Re: LogMeIn Acquired by Private Equity

#279
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…

"To decrypt that data the attacker will need both your Master Password and your Secret Key. A Secret Key is a 128-bit key generated locally on your device, your Master Password is a passphrase set by you. These two keys are combined and, to simplify greatly, used to decrypt your data."

I'm curious how syncing works, specifically in regards to the Secret Key. Seemingly, to me, if the process works as described; I'd need to copy that Secret Key to each device I want to sync, otherwise there'd be no way to decrypt the data on the new device.

What am I missing?

Re: LogMeIn Acquired by Private Equity

#280
post #258

Earlier quoted context omitted.

+1 for this. The only reason I ever got onto 1Password in the first place was because I didn't have to use any cloud storage, and could use wifi sync between my devices. I was extremely disappointed as that started to change. It was an absolute nightmare having to retrain all family members in the nuanced differences in how Bitwarden works compared to 1Password. I hope I don't end up having to eat that cost a second…

It seems really self-centered to retrain non-technical family on new software to satisfy your own philosophical needs that they may not share. There is nothing about “being a cloud service” that makes 1Password unusable for your family other than your own objections. On the contrary, it probably protects your family against their own incompetence compared to messing with local files, or depending on you to run a serv…

What a weird, accusatory, windmill-tilting comment.

to satisfy your own philosophical needs that they may not share

They are, presumably, adults who could reject the suggestion to change if they had strong feelings about it.

but that’s not why you switched them over

If you think cloud services are bad, then Bitwarden not using cloud services is what makes it a superior solution, and then would be why you switched them over.

There is nothing about “being a cloud service” that makes 1Password unusable for your family other than your own objections.

But you could say that about every tech decision every tech person makes on behalf of other people. 2015 LastPass was hacked and user details stolen, 2017 OneLogin was hacked and they accessed "user data, apps and various types of keys" and they "cannot rule out the possibility that the threat actor also obtained the ability to decrypt data"; "I don't trust (or don't want to have to trust) cloud services" is a reasonable choice to make.

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