How did that go? Well according to today's announcement, 'the significant majority' of its business is still corporate customers.If you have not heard, the phenomenal cloud base SaaS password manager, LastPass has agreed to be acquired be the not so customer friendly LogMeIn. In February this year LogMeIn tried to heave some of those freemium fans onto paid plans by limiting them to one device type only: computer or mobile. LogMeIn said today it planned to 'increase investment in the customer experience' for the new standalone business and said customers would see 'planned enhancements on an accelerated timeline in 2022, with the benefit of additional dedicated LastPass resources.'

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LogMeIn's competition includes Bitwarden, 1Password, Dashlane, Keeper, NordPass and open-source password manager KeePass.Īccording to the press statement, LogMeIn has 2 million 'customers' and 30 million users, many of whom will be on its freemium tier.

LastPass, by contrast, had managed a '50 per cent compound annual growth rate' over the last three years. The private firm said today it made 'over $1.3bn in annual revenue' in 2021, a rise of about 8 per cent. In 2018, the then-public LogMeIn made revenues of $1.2bn and profits of $446m.

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