LogMeIn acquires Lastpass • Hacker News Board

Re: LogMeIn acquires Lastpass

#51

Post by onwardly » Fri, Oct 09, 2015, 1:40 PM UTC

Price was $110M + $15M in contingency payments.

From the LogMeIn investor release[1]

Under the terms of the transaction, LogMeIn will pay $110 million in cash upon close for all outstanding equity interests in LastPass, with up to an additional $15 million in cash payable in contingent payments which are expected to be paid to equity holders and key employees of LastPass upon the achievement of certain milestone and retention targets over the two-year period following the closing of the transaction.

1. (https://investor.logmeininc.com/about-us/investors/news/pres...

Re: LogMeIn acquires Lastpass

#52

Post by vmuhonen » Fri, Oct 09, 2015, 1:41 PM UTC

klausjensen wrote: post #10

Are there any real alternatives to Lastpass, that has working browser plugins and also work on Android devices?

One option I've been meaning to look, but haven't had a reason to because of LastPass is Encryptr [https://encryptr.org/], but now I might need to. They have Android and Linux support, but not browser plugin I think. Also, it comes from the same people as SpiderOak...

Re: LogMeIn acquires Lastpass

#53

Post by onwardly » Fri, Oct 09, 2015, 1:41 PM UTC

Price was $110M + $15M in contingency payments.

From the LogMeIn investor release[1]

Under the terms of the transaction, LogMeIn will pay $110 million in cash upon close for all outstanding equity interests in LastPass, with up to an additional $15 million in cash payable in contingent payments which are expected to be paid to equity holders and key employees of LastPass upon the achievement of certain milestone and retention targets over the two-year period following the closing of the transaction.

1. https://investor.logmeininc.com/about-us/investors/news/pres...

Re: LogMeIn acquires Lastpass

#54

Post by buro9 » Fri, Oct 09, 2015, 1:44 PM UTC

thehoff wrote: post #50

buro9 wrote: post #48

Earlier quoted context omitted.

Likewise, I'm similarly cross-platform and just found http://enpass.io/ Wondered if people have experience with them.

Am I blind? Where is the pricing for Enpass? It says free download free updates but then in middle it says pay once use forever.

You're not blind, I can't find it either.

And I've already got spider sense tingles about them... lack of SSL cert for a security company? No pricing info? No "About Company"?

Re: LogMeIn acquires Lastpass

#55

Post by dingdingdang » Fri, Oct 09, 2015, 1:44 PM UTC

a3n wrote: post #31

yoshamano wrote: post #9

My first reaction to reading the title was "why?" After reading the article (and then reading it again) I'm not left feeling confident that this is in any way positive for me as a LastPass Premium and Xmarks customer. In particular the vague line about, "As we become part of the LogMeIn family over the next several months, we’ll be releasing updates to LastPass, introducing new features..." To me, LastPass is feature…

> My first reaction to reading the title was "why?" You're reading Hacker News. You know what "exit" means.

And since "exit" has come to mean 50%+ chance that customers will be screwed over it also means that in the future having a decentralized product will be KEY to actually get investor money - there's only so many times this get-customers-screw-customers round-about can spin before it gets uninteresting from a capital gain standpoint.

Re: LogMeIn acquires Lastpass

#56

Post by bargl » Fri, Oct 09, 2015, 1:45 PM UTC

Well looks like I'm going to have to convince, my wife, family, extended family, and friends that they all have to switch password managers now.

I'm blown away, I've been a fan since day one because of it's simplicity and availability.

I am torn between waiting to see what happens and giving them the benefit of the doubt and just changing all my passwords before Logmein can f--- me.

Re: LogMeIn acquires Lastpass

#57

Post by ilogik » Fri, Oct 09, 2015, 1:46 PM UTC

eigenvalue wrote: post #13

This actually sounds like a smart deal for LogMeIn. Purchase price is $110mm of cash with a $15mm earn-out-- seems reasonable considering LastPass has millions of users and is a pretty sticky service (I've been a premium user for the last couple of years, mostly to be able to use their iPhone app).

had million of users judging by the announcement comments

Re: LogMeIn acquires Lastpass

#58

Post by baldfat » Fri, Oct 09, 2015, 1:46 PM UTC

thehoff wrote: post #50

buro9 wrote: post #48

Earlier quoted context omitted.

Likewise, I'm similarly cross-platform and just found http://enpass.io/ Wondered if people have experience with them.

Am I blind? Where is the pricing for Enpass? It says free download free updates but then in middle it says pay once use forever.

*Free version can store upto 20 items only. Price for Life-time Pro ver is $9.99 per platform with no other server or subscription charges.

http://enpass.io/apps/android/

So for me that is $20 for iPad and Android BUT my iPad is a company product that is likely to switch on me shorty with an upgrade.

So this might not work if it is $20 per platform per personal and business use.

Re: LogMeIn acquires Lastpass

#59

Post by coldpie » Fri, Oct 09, 2015, 1:48 PM UTC

baldfat wrote: post #39

coldpie wrote: post #24

Earlier quoted context omitted.

I don't know what features you like or find important. But you have to consider the licensing model as a feature when choosing your software. What happens if the software is sold or no longer maintained? For me, I use a plaintext file in a Truecrypt archive because I'm a massive dweeb.

Truecrypt appears to be compromised. http://www.zdnet.com/article/truecrypt-critical-flaws-reveal...

I don't use Windows and that exploit isn't relevant to my use-case anyway (requires an evil local user). I'll move to another encryption program sometime, but it hasn't been a priority.

Re: LogMeIn acquires Lastpass

#60

Post by flipp3r » Fri, Oct 09, 2015, 1:50 PM UTC

onwardly wrote: post #51

Price was $110M + $15M in contingency payments. From the LogMeIn investor release[1] Under the terms of the transaction, LogMeIn will pay $110 million in cash upon close for all outstanding equity interests in LastPass, with up to an additional $15 million in cash payable in contingent payments which are expected to be paid to equity holders and key employees of LastPass upon the achievement of certain milestone and…

You have some extra characters at the end of your link

https://investor.logmeininc.com/about-us/investors/news/pres...