QUOTE AND NEWS
TheStreet.com  4 hrs ago  Comment 
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link. aTheStreet Ratings quantitative algorithm...
Forbes  Sep 29  Comment 
Investors considering a purchase of LogMeIn Inc (NASD: LOGM) shares, but cautious about paying the going market price of $46.07/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting...
TechCrunch  Sep 19  Comment 
 For all you technicians out there, the team at LogMeIn wants to give one of our readers a license to its Rescue software tech support service. Rescue is a cloud-based application that empowers customer service agents to offer premium levels of...
SeekingAlpha  Sep 17  Comment 
By Chris Katje: Earlier this week LogMeIn (NASDAQ:LOGM) made a small unnoticed acquisition of password management business Meldium. While the $15 million price paid by LogMeIn doesn't double revenue overnight, it does provide the company with...
Forbes  Sep 4  Comment 
When an early stage company is acquired by a larger vendor there are two ways of looking at it. The first way is to put a positive spin on it, that an early exit means a good short term return for investors and that it gives the startup fuel to...
TechCrunch  Sep 4  Comment 
 LogMeIn, a company that provides remote connectivity solutions to businesses and individuals, today is announcing an interesting acquisition that builds out the kinds of services it can offer and taps further into the wider shift to cloud-based...




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LogMeIn creates and sells remote connectivity software that allows users to access their desktop remotely from other computers and mobile devices.

Business Overview

Business & Financial Metrics[1]

In 2009, LOGM generated a net income of $7.5 million on $74.4 million in total revenues. This represents the company's first profitable year since its inception and a real turnaround from 2008, when the company incurred a net loss of $7.8 million on revenues of $51.7 million.

Business Segments[2]

LOGM has one reportable operating segment which develops and markets mobile computing applications.

Key Trends & Forces

Cloud Computing

LOGM's profitability is based on the demand for remote desktop accessibility by individuals and businesses. The trend towards a worldwide cloud computing model means that this demand is increasing. With that increased demand, however, comes an increase in both direct and indirect competitors. For example, Google's offerings like Google Docs eliminates the need for users to access files saved on their computers by saving files online and making them accessible with nothing more than a web browser and an internet connection - Google Doc users might not find the need to access their desktops remotely because the files they need are stored on Google's servers.

Competition

LOGM's direct competitors, like Citrix Systems's GoToMyPC, offer software that provides similar functionality to LogMeIn. Indirect competitors offer products that may undermine LOGM's software and eliminate the need for remote desktop access altogether - companies like Google that promote cloud computing threaten demand for LOGM's products.

References

  1. LOGM 2009 10-K pg. 29  
  2. LOGM 2009 10-K pg. 11  
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