Popular password manager LastPass is being acquired by remote-access management giant LogMeIn in a deal that’s reportedly worth between $110 million and $125 million.
A cash deal will see the acquisition of commonly used password manager LastPass by LogMeIn, a company firmly rooted in the enterprise market with its remote computing services.
LastPass is a password vault that stores an encrypted version of its customers’ passwords in the cloud, granting them the means to access and unlock with a single password. The service is available on browsers as extensions and add-ons as well as mobile devices as applications.
In a statement, LastPass CEO and co-founder Joe [...]