M&A Deal Summary

LogMeIn Acquires Citrix Systems - GoTo Business

On July 26, 2016, LogMeIn acquired internet software and services company Citrix Systems - GoTo Business from Citrix for 1.8B USD

Acquisition Highlights
  • This is LogMeIn’s 3rd transaction in the Internet Software and Services sector.
  • This is LogMeIn’s largest (disclosed) transaction.
  • This is LogMeIn’s 6th transaction in the United States.
  • This is LogMeIn’s 1st transaction in Florida.

M&A Deal Summary
Date 2016-07-26
Target Citrix Systems - GoTo Business
Sector Internet Software and Services
Buyer(s) LogMeIn
Sellers(s) Citrix
Deal Type Merger
Deal Value 1.8B USD

Target

Citrix Systems - GoTo Business

Fort Lauderdale, Florida, United States
Citrix's GoTo family of products delivers collaborative communication solutions for small and medium sized businesses and has strong global brand recognition. Products include GoToAssist, GoToMeeting, GoToMyPC, GoToTraining, GoToWebinar, Grasshopper and OpenVoice.

Search 200,197 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

LogMeIn

Boston, Massachusetts, United States
Category Company
Founded 2003
Sector Internet Software and Services
Employees3,763
Revenue 1.2B USD (2018)
DESCRIPTION

LogMeIn, Inc. is a developer and marketer of innovative remote control, productivity, management and security products that serve mobile professionals and system administrators. Its brands include LogMeIn, an on-demand access service, and the RemotelyAnywhere line of software. LogMeIn was established in 2003 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 8 of 10
Sector (Internet Software and Services) 3 of 4
Type (Merger) 1 of 1
State (Florida) 1 of 1
Country (United States) 6 of 8
Year (2016) 1 of 1
Size (of disclosed) 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-09 Marvasol

Fairfax, Virginia, United States

LastPass (incorporated as Marvasol, Inc.) is a single-sign-on (SSO) and password management service.

Buy $125M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-01 Nanorep

Boston, Massachusetts, United States

Nanorep is a digital self-service, chatbot and virtual assistant company. Nanorep harnesses artificial intelligence and patented natural language processing technologies to create solutions that make self-service more engaging and intuitive. Nanorep was established in 2009 and is based in Boston, Massachusetts.

Buy $45M

Seller(S) 1

SELLER

Citrix

Fort Lauderdale, Florida, United States
Category Company
Founded 1989
Sector Software
Revenue 3.2B USD (2020)
DESCRIPTION
Citrix System's corporate headquarters in Fort Lauderdale, Florida.
Citrix System's corporate headquarters in Fort Lauderdale, Florida.

Citrix develops and sells products and services that enable the secure and reliable delivery of applications and data over public, private, or hybrid clouds or networks, to virtually any type of device. The Company markets and licenses its products directly to customers, over the Web, and through systems integrators, or SIs, in addition, to indirectly through value-added resellers, or VARs, value-added distributors, or VADs, original equipment manufacturers, or OEMs and service providers. Citrix was established in 1989 and is based in Ft. Lauderdale, Florida.

DEAL STATS #
Overall 2 of 3
Sector (Internet Software and Services) 2 of 3
Type (Merger) 1 of 1
State (Florida) 1 of 1
Country (United States) 2 of 3
Year (2016) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-11 Citrix Systems - CloudPlatform

United States

Citrix CloudPlatform (powered by Apache CloudStack) is a cloud computing software for creating, managing, and deploying public and private cloud infrastructure services.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-08 Norskale

Lille, France

Norskale is a provider of software solution for any Microsoft Windows based environment that provides enterprise customers with the best possible workspace performance for their users and ROI for the business. Norskale was established in 2012 and is headquartered in Lille, France.

Buy -
Mergr

Product

Company

Legal