This is pretty terrible news. It would have been need to see LastPass get acquired by a company like AWS but LogMeIn doesn't really have the reputation required to ask people to trust them with all their passwords.

Also, the valuation also seems low to me. Maybe LastPass was having trouble generating recurring revenue. It seems like going public would be a better route for security companies but maybe the revenue wasn't there for an IPO.

I've had a paid subscription for years and used their enterprise service for 2 different startups. Hopefully the service doesn't start to suck. I'm already scouting alternatives.