[Infowarrior] - LogMeIn To Acquire LastPass For $125 Million

[Richard Forno]

LogMeIn To Acquire LastPass For $125 Million (lastpass.com) 13

Posted by Soulskill on Friday October 09, 2015 @12:25PM from the consolidating-security dept.

An anonymous reader writes: LogMeIn has agreed to acquire LastPass, the popular single-sign-on (SSO) and password management service. Under the terms of the transaction, LogMeIn will pay $110 million in cash upon close  for all outstanding equity interests in LastPass, with up to an additional $15 million in cash payable in contingent payments which are expected to be paid to equity holders and key employees of LastPass upon the achievement of certain milestone and retention targets over the two-year period following the closing of the transaction.

http://news.slashdot.org/story/15/10/09/1459242/logmein-to-acquire-lastpass-for-125-million

--
It's better to burn out than fade away.