Francisco Partners has considerable experience in the IT management, secure access, communications and cybersecurity software markets. The private equity firm’s current investments include BeyondTrust; Quest Software and that business’s One Identity unit; SonicWall and WatchGuard.
LogMeIn Business Evolution: Hits and Misses
LogMeIn remains a well-known brand across multiple IT software markets, but the company has stumbled multiple times in recent years.
Despite some of the business challenges, the overall LogMeIn business remains healthy. Revenue was $322.7 million in Q4 2019, up from $310.1 million in Q4 2018. The overall results generally beat Wall Street’s expectations.