Logmein Inc's Business Segments
Logmein Inc's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Logmein Inc does not report a distinct business-segment axis in its filings - its disaggregated revenue is disclosed by product and service category instead. See the Product & Service breakdown below.
Revenue Share by Region - FY
- All Other Countries22.9%
Revenue by Geographic Region - FY
| Region | Revenue (Millions) | % of Total |
|---|---|---|
| All Other Countries | $ 80 | 22.9% |
Revenue by Product & Service Category - FY
- Unified Communications and Collaboration55.3%
- Identity and Access Management31.9%
- Customer Engagement and Support12.9%
Revenue by Product & Service Category - FY
| Category | Revenue (Millions) | % of Total |
|---|---|---|
| Unified Communications and Collaboration | $ 194 | 55.3% |
| Identity and Access Management | $ 112 | 31.9% |
| Customer Engagement and Support | $ 45 | 12.9% |
Product and service categories are a supplemental disclosure and are not required to sum to consolidated revenue or to the reportable segments above.
Description of Logmein Inc
LogMeIn's flagship product, LogMeIn Pro, allows users to remotely access and control their desktops from any device with internet access. This product is commonly used by IT professionals to provide technical support to remote clients. It is also used by individuals and small business owners to access their work computers from home, or to access files and folders on their home computer from their mobile device.
LogMeIn Rescue is another popular product that is used by IT support teams to remotely diagnose and fix technical issues on client devices. The solution allows technicians to take control of a client's device in real time, making it easy to identify and resolve problems quickly.
LogMeIn's collaboration tools include GoToMeeting, which is a web conferencing tool that allows users to hold virtual meetings, share their screens, and collaborate with team members from anywhere in the world. Similarly, GoToWebinar is a platform designed for webinars and online events, providing users with advanced analytics and marketing tools.
The company's other products include Bold360, a customer engagement platform that allows businesses to connect with customers in real-time via various channels, and LastPass, a password management tool that securely stores and manages passwords.
LogMeIn has a global presence and serves customers in over 180 countries. The company has over 1,200 employees and reported revenue of $1.2 billion in 2020. They are listed on the NASDAQ stock exchange under the symbol LOGM.
Segments
1. Join.me: Join.me is a web-based meeting and collaboration platform enabling users to host virtual meetings with ease. The tool allows for real-time screen sharing and collaboration among team members, making it invaluable for remote teams. Join.me is particularly suitable for sales and marketing presentations, product demonstrations, and remote training sessions, offering a user-friendly interface that simplifies the functions of hosting and joining meetings.
2. GoToMeeting: This solution provides businesses of all sizes with the capability to conduct virtual meetings from virtually anywhere. GoToMeeting features high-definition video conferencing, screen sharing, and collaborative tools that allow teams to interact in real-time. Its reliable performance and robust capabilities cater to organizations looking to maintain effective communication, boost productivity, and enhance decision-making processes through remote dialogues.
3. GoToWebinar: A specialized tool for hosting large-scale events and webinars, GoToWebinar allows businesses and organizations to efficiently manage and promote their online events. It facilitates capabilities such as audience engagement through polls and surveys, lead generation features, and a structured environment for delivering product demos or training sessions. The platform is designed for organizations keen on maximizing their reach through well-coordinated webinars.
4. LogMeIn Pro: As a robust remote access and support tool, LogMeIn Pro empowers users to access their computers and networks from anywhere. It is designed for remote workers, IT professionals, and help desk support teams, providing secure access to both personal and professional devices. Users benefit from remote file access, file synchronization, and the ability to perform troubleshooting tasks without needing to be on-site.
5. LastPass: This password management tool is essential for individuals and businesses needing to secure sensitive information. LastPass not only enables users to generate and store complex passwords but also assists in securely sharing credentials among team members. It emphasizes security through features such as multifactor authentication, making it a solid choice for those looking to enhance their data protection strategies.
Products
1. Remote Access: LogMeIns remote access solutions provide flexibility and convenience, allowing users to access devices and applications from anywhere. Key products in this category include LogMeIn Pro for individual users, LogMeIn Central for managing multiple devices, and LogMeIn Rescue for IT support teams to remotely assist customers.
2. Collaboration: Aimed at enhancing teamwork, LogMeIn offers several collaboration tools that facilitate real-time communication and project management. Products such as GoToMeeting, Join.me, and GoToWebinar ensure that teams can effectively collaborate regardless of geographical barriers.
3. IT Management: LogMeIn simplifies IT management for businesses through products that deliver comprehensive support and management of devices and networks. Solutions like LogMeIn Rescue and LogMeIn Central provide IT professionals with the tools necessary to perform regular maintenance tasks, manage security, and ensure optimal performance of IT infrastructures.
4. Password Management: The companys focus on security extends to its password management solutions. LastPass stands out in this category, providing users with a secure vault for password storage, password generation, and secure sharing functionalities. LogMeIn Multi-Factor Authentication (MFA) further enhances security by requiring an additional verification step during logins.
Services
1. Remote Support Services: LogMeIn’s remote support offerings include tools such as LogMeIn Rescue, GoToAssist, and LogMeIn Central. These services enable businesses to provide effective remote technical support to their clients or employees, enhancing customer service and IT efficiency.
2. Collaboration Services: Through its range of collaboration services including GoToMeeting, Join.me, and GoToWebinar, LogMeIn ensures that businesses can communicate and collaborate effectively with teams and clients, regardless of location, streamlining workflows and enhancing productivity.
3. Security Services: LogMeIn recognizes the critical need for robust security in the digital age. Its security services, including LastPass and LogMeIn MFA, help organizations safeguard their sensitive data and mitigate cyber threats. These solutions focus on password protection, secure access management, and threat detection.
4. IT Management Services: LogMeIn provides comprehensive IT management services that assist businesses in maintaining their IT operations. These services cover everything from software updates and hardware maintenance to network management, ensuring that organizations can operate smoothly and efficiently.
Conclusion
In summary, LogMeIn Inc. offers a vast range of products and services designed to empower individuals and businesses in accessing, managing, and collaborating with their devices, data, and networks in a secure manner. With its focus on remote access solutions, collaboration tools, IT management, password security, and dedicated support services, LogMeIn stands as a reliable partner for businesses aiming to enhance productivity and efficiency in an increasingly digital world.
