Tuesday, June 30, 2009

On Deck for Wednesday: LogMeIn IPO

The Globe has this story about the pending IPO of Woburn-based LogMeIn, a company that makes remote access software for PCs (and also sells a popular iPhone app.) This would be the third venture-backed firm to go out in 2009, following OpenTable and SolarWinds.

Big winners if the company succeeds in raising $100m+ from the public market? Prism VentureWorks and Polaris Venture Partners, two Boston-area VC firms that have been out in the market trying to raise their next funds. Woody Benson represents Prism on the LogMeIn board, and Dave Barrett represents Polaris. And of course, many LogMeIn employees will do well, including CEO Michael Simon.

I mentioned LogMeIn in a Globe column last month about iPhone apps.

Seeking Alpha has this piece analyzing the offering.

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Blogger Bill said...

I liked LogMeIn. It is a nice piece of software. A very similar piece of remote access software that I enjoyed using was Live Mesh. It is very simple but yet a tiny bit slower than LogMeIn. Both great for accessing documents and files when you are often on the run, like I am.

November 17, 2009 2:06 PM  

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