LogMeIn completes merger with Citrix’s GoTo business

BANGALORE, INDIA: LogMeIn has completed its merger with Citrix Systems' GetGo, a wholly owned subsidiary consisting of Citrix’s GoTo family of service offerings. The transaction is valued at approximately $1.8 billion.

The combination brings together two innovators with a shared belief in simplifying the way people connect to customers, colleagues and the world around them.

The GoTo family of products delivers collaborative communication solutions for small and medium sized businesses and has strong global brand recognition through leading products including GoToAssist, GoToMeeting, GoToMyPC, GoToTraining, GoToWebinar, Grasshopper and OpenVoice.  LogMeIn, on the other hand is a provider of cloud-based connectivity, has rapidly attracted millions of users and thousands of leading businesses to its popular and disruptive products, including join.me, LastPass, LogMeIn Rescue and BoldChat, among others.

The merger brings together two players in cloud connectivity, and increases the scale, resources and world-class talent required to accelerate innovation and significantly expand their total addressable market opportunity.

“Between LogMeIn and GoTo we have two of the best known, most trusted and reliable product portfolios in cloud connectivity, and both companies have been remarkable success stories,” said Bill Wagner, president and CEO of LogMeIn. “Today we start an exciting new chapter together as a clear leader that has the scale, innovation and vision to reset customer, employee and shareholder expectations, while redefining our core markets.”