LogMeIn buying password manager LastPass

[InfoSec News <alerts () infosecnews org>]

http://www.csoonline.com/article/2991479/application-security/logmein-buying-password-manager-lastpass.html

By Peter Sayer
IDG News Service
Oct 12, 2015

Identity and access management specialist LogMeIn has agreed to buy 
Marvasol, the company behind online password store LastPass.

The companies expect to close the deal, valuing Marvasol at between US$110 
million and $125 million, in a matter of weeks.

LogMeIn is firmly in the enterprise market, while Marvasol has been 
steadily extending the LastPass secure password storage tool in that 
direction, with password sharing and group access functions.

LastPass stores an encrypted version of its customers' passwords in the 
cloud, allowing them to unlock and access them with a single password from 
almost any Internet-connected device through either secure browser plugins 
or a web interface. The company offers apps for Android and iOS, as well 
as plugins for Internet Explorer, Chrome, Firefox and Safari. Using the 
service on a single device category is free; multiple categories requires 
a subscription.

[...]



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