LogMeIn Acquired by Private Equity

The deal itself would take place next year anyway. Any restructuring would be late 2020/early 2021 the earliest.

The deal provides an $86 exit for every single shareholder (including employees & managers who own shares).

Not saying no to such an offer makes sense, but it also implies that nobody is really convinced that these stocks will ever be worth, say, $100. All-time top was $120 in early 2018, since then the price plummeted and has been moving sideways.

If looking from this perspective - how does this PE firm plan to make money, especially that the deal implies that most shareholders don't expect this stock to rise by any means, which is a bad sign for any kind of publicly traded company?

These PEs would buy the company for ~$4bn. Last year's EBITDA is was just short of $400M - probably they don't want to wait 10+ years for their investment to pay back.

Maybe they will try to 'restructure' (i.e. cut expenses where possible, split the company into multiple companies along business units, deprecate some products), get as much profits as possible in the upcoming years and then try to sell the whole thing again to e.g. a tech company.

Of course this is just speculation, but keeping things 'as is' simply wouldn't generate enough returns to justify the all-cash investment.

As the meme goes, the cloud is just somebody else's computer.

> what happens if you’re hit by a bus?

I've already thought about this, and there are dead man's handles already in place to handover control to a person I trust, who is also a user of some of my hosted services (although not password management, because they also choose to host their own).

> It seems really self-centered to retrain non-technical family on new software to satisfy your own philosophical needs that they may not share.

They are welcome to use whatever they want. None of them think password managers (or backups!) are things that are worth paying for, so I pay for and support my chosen solutions. I don't have the time or interest in supporting multiple products for people who don't value any of the solutions in the first place, so I do the best I can to ensure they have something.

We've added Yubikey support for the web client and for 1Password for iOS.

We don't comment on future plans because they could change, but we would like to at least see feature parity here in all of the clients, but I can't comment on when that may happen.

2FA doesn't add the same level of security to 1Password as it may with other services so we need to be mindful of bordering into security theater.

> Is there any roadmap on when the newer 1Password X becomes the default plugin for use in browsers? As a Linux user I believe my options to use 1Password are somewhat limited.

I believe that's the direction we're heading but as I mentioned we don't generally comment on specifics. We've done the whole comment publicly and say "yes, it's coming soon" enough times and then had to backtrack and say "sorry, no can do" that we just don't say anything specific anymore for fear of upsetting users.

We always tell people buy for what the product is now, not what it may be in the future. And outlining future plans gets people to buy based on what it may be in the future, and those simply aren't promises we can always keep. So we do the typical under promise, over deliver when it comes to talking about future plans.

Hopefully this doesn't come across as pushing your questions off, that's not at all what I'm intending but clearer answers just aren't something we can comment on at this time.

If you do have any questions moving over though feel free to get in touch via our support page and I'll do my best to get you answers.

Kyle

1Password Security Team

Unfortunately, the iOS side is difficult. We've done the best we can there given the limitations and our imagination at this time. It's possible we drum up a better solution in the future but we haven't had any major breakthroughs in how best to present the UI for this.

We have filed feature requests with Apple to try to get better mechanisms for making this whole process better though. Hopefully we'll see improvements down the road that help us make a better user experience.

Kyle

1Password Security Team