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Slide #7. LogMeIn — Ionia Corporation
LogMeIn, Inc. (Nasdaq:LOGM) announced it has acquired Ionia Corporation, a system integrator specializing in connected solutions. The move is part of a larger strategy to accelerate LogMeIn's IoT opportunity by helping early customers of its Xively Cloud Services platform quickly go to market with their connected offerings.
LogMeIn provides a portfolio of cloud-based communication and collaboration, identity and access, and customer engagement and support solutions. Co.'s cloud-based services are categorized into three business units: Unified Communications and Collaboration, which includes GoToConnect, GoToMeeting, GoToRoom, GoToTraining, GoToWebinar, Grasshopper, Jive, join.me and OpenVoice; and Customer Engagement and Support, which includes Bold360, RescueAssist, GoToAssist Corporate and GoToAssist Seeit, and LogMeIn Rescue; and Identity and Access Management, which includes LogMeIn Central, GoToMyPC, LastPass and LogMeIn Pro.
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Hold (2.00 out of 4)
(ranked higher than approx. 100% of all stocks covered)
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