Topic: How To Invest

Spinoffs, Takeovers and Special Situations Hotline – Friday, September 27, 2019

Article Excerpt

LOGMEIN INC., $69.50, symbol LOGM on Nasdaq, provides businesses cloud-based services for remote access, device management, data management, customer care, and collaboration. More specifically, those services include remote user access, which lets employees of a company access computers and Internet-enabled devices to continue working away from the office or to access their personal systems away from home. Providing remote support and management services for internal IT departments is another key market for the company. LogMeIn’s best-known product is GoToMeeting, which it acquired in early 2017 through a merger with the GoToMeeting business of Citrix, symbol CTSX on Nasdaq. That product lets users connect to business meetings from various devices as well as offering other key functions. The company also sells a range of customer contact, help desk, live chat and other support software. Users can access those services from an array of computer and mobile devices. LogMeIn is now considering splitting off some of its software businesses and combining them into one independent,…