Lastpass acquired by Citrix | Hacker News Reader

Lastpass acquired by Citrix

blog.logmeininc.com

28 pointsforeigner14 comments

misleading headline.

Logmein, the owner of Lastpass, is acquiring a subsidiary of Citrix called GetGo (GoTo... products) that was spun out.

The new company is called Logmein, and has legally less to do with Citrix than even before!

Wonder why the poster chose that particular phrasing (acquired) because it was Logmein (parent of Lastpass) that was doing the buying:

https://www.logmeininc.com/about-us/faq

What are the financial details of the transaction?

As part of the merger agreement, Citrix spun off its wholly owned subsidiary, GetGo, which then merged with a subsidiary of LogMeIn. LogMeIn issued an estimated 27.3 million shares of LogMeIn common stock to Citrix equity holders in connection with the merger. The transaction is valued at approximately $1.8 billion based on shares to be issued and LogMeIn’s closing price of $65.31 as of July 25, 2016, the date on which the merger was first announced.

What's the name of the merged company?

The name of the new combined company is LogMeIn, Inc.

That sounds like the headline is less misleading, and just plain incorrect.

Citrix has spun out the Goto* products, and that's what has merged with LogMeIn.

Citrix hasn't bought LastPass Citrix hasn't merged directly with LogMeIn, it's still a separate company.

Just to clarify, LogMeIn (which owns LastPass) is merging with Citrix

This is incorrect.

And i'll stick with the service.. last time the world freaked out and guess what.. NOTHING Happened.. actually, it improved and some paid features (mobile) became free.

You mean logmein? Lastpass was purchased in 2015 I thought

Lastpass was purchased by LogMeIn, but yeah, strange way to word the title.

I found the service significantly decreased when LP was purchased by Logmein, and I expect nothing good to come from Citrix now owning LP. I have had an enterprise subscription for many years, but will now look at an alternative. Any suggestions?

I'd love to hear what has gone downhill for you. I was initially really worried about it, but haven't seen anything terrible personally.

Same here, I actually think it's more user friendly now and it fills the fields at higher correctness than before. Maybe he is still on version 3x? You can choose that in the settings.

If you don't run Linux I would highly recommend 1Password. Great browser integration, great mobile clients. I've been using it for years and can't knock it.

I personally use 1password because I liked their explanation of their security approach, but from what I've seen LastPass looks better. Way easier to fill in passwords on mobile, and 1password is rough around the edges in a couple of annoying but not fatal ways.

I think you mean LogMeIn has been acquired by Citrix, no ?

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