Logmein And Lastpass

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BOSTON, July 22, 2020 (GLOBE NEWSWIRE) - LogMeIn, Inc. (Nasdaq: LOGM) today announced that Managed Service Providers (MSPs) worldwide can now sell, manage, and support LastPass Enterprise, its industry-leading password management and single sign-on solution, for their customers. The LogMeIn Partner Network offers distributors, service providers, and outsourcers the opportunity to add LastPass and additional LogMeIn products into your product portfolio.

– Pax8, the best place for IT professionals to buy cloud products, today announced a new global partnership with LogMeIn, providing its industry-leading password management and single sign-on solution, LastPass, to managed service providers (MSPs) giving them visibility and control over every access point of their clients’ businesses. It’s also possible to compare their score (8.7 for LastPass vs. 8.9 for LogMeIn Central) and user satisfaction level (91% for LastPass vs. 94% for LogMeIn Central). The scores and ratings provide you with an overall idea how these two software products perform.

BOSTON, June 02, 2020 (GLOBE NEWSWIRE) -- LastPass by LogMeIn today released findings of a new report conducted in partnership with Vanson Bourne to understand how IT and security professionals across a variety of industries including finance, IT and media are managing their identity and access management (IAM) programs. The findings reveal that IAM priorities differ by industry vertical, emphasizing how a one-size-fits-all approach to IAM doesn’t work when every industry and business within that industry is unique.
Each industry vertical has unique business needs, and as a result has different areas of focus when it comes to their IAM program. Key findings from the report include:
Finance Is Focused on Reducing Risk, While Integrating Their IAM Infrastructure
Financial service organizations deal with higher stakes than most verticals, which inevitably impacts how they manage employee access and authentication. 35 percent of IT professionals in this industry say hackers have gained access to their organizations in the past, which is not surprising given financial institutions experience the highest cybercrime costs out of all verticals at an average of $18.3 million per year. According to the report, 70 percent of IT professionals in the finance industry say that reducing risk is a top priority and 65 percent state that integrating security infrastructure is their biggest area for improvement.

IT Is Focused on the Security Benefits of IAM And Prioritizes Multifactor Authentication
As information technology businesses are close to IAM software and managing customer’s data, it’s clear their relationship with technology impacts their IAM strategy. 77 percent in this industry say securing data is their top priority, while improving identity and access management is less of a focus with 61 percent noting that as a priority. 28 percent of IT and security professionals in this industry said they are planning to invest in multifactor authentication (MFA) solutions which will help address their security challenges because MFA helps ensure only the right employees are able to access sensitive data.

Logmein Lastpass Authenticator

Media Needs a Secure, Automated Way to Manage User Access
Mass communication companies work with an array of external consultants to execute their programs, which leads to a wide array of users, both internally and externally, accessing business resources which complicates IAM. 34 percent of IT professionals in this industry say managing user access is important to their organization, compared to the overall average of all industries (9 percent). 44 percent say end users are demanding an easier to use solution and 49 percent say automating IAM processes is an area for improvement.

“Finance is focused on reducing risk and integrations, IT is prioritizing the security components of IAM, whereas media is focused on improving employee productivity,” said John Bennett, General Manager, Identity and Access Management Business Unit at LogMeIn. “It’s clear that flexibility, breadth of functionality and ease of use are critical so businesses can customize their IAM strategy in alignment with their business objectives. Organizations need to evaluate what their business needs are and build their IAM strategy based on those requirements.”

Additional Resources

  • eBook: An Industry-Driven View of Identity and Access Management
  • Vertical Specific Infographics:

About LastPass
For more than 61,000 businesses of all sizes, LastPass reduces friction for employees while increasing control and visibility for IT with an identity and access management solution that’s easy to manage and effortless to use. From single sign-on and enterprise password management to adaptive authentication, LastPass gives superior control to IT and frictionless access to users. For more information, visit https://lastpass.com.
LastPass is a trademark of LogMeIn in the U.S. and other countries.

About LogMeIn, Inc.
LogMeIn, Inc. (NASDAQ: LOGM) simplifies how people connect with each other and the world around them to drive meaningful interactions, deepen relationships, and create better outcomes for individuals and businesses. One of the world’s top 10 public SaaS companies, and a market leader in unified communications and collaboration, identity and access management, and customer engagement and support solutions, LogMeIn has millions of customers spanning virtually every country across the globe. LogMeIn is headquartered in Boston, Massachusetts with additional locations in North America, South America, Europe, Asia and Australia.

Media Contact:
Lauren Christopherson
[email protected]


Source: LogMeIn, Inc.

Pax8 is partnering with LogMeIn on password management and single sign-on solution, LastPass, to managed service providers (MSPs) giving them visibility and control over every access point of their clients’ businesses in North American and the UK.

“We are excited about the partnership with LogMeIn and to offer partners their award-winning password management solution, LastPass,” said Ryan Walsh, Chief Product Officer and Channel Chief at Pax8. “To secure the digital workplace from data breaches and cyber threats, Pax8 and LogMeIn are equipping partners with advanced password management and security solutions, enabling them to secure their clients end-to-end. Using these enhanced features of LastPass, MSPs can now manage their customers passwords and access applications from a single portal, increasing productivity and effectiveness.”

Who Owns Lastpass

LastPass is an all-in-one solution for password management, single sign-on, and multi-factor authentication. Designed specifically for MSPs, the LastPass solution has one central admin console where partners can view, access, and manage customers, while securely protecting passwords and managing access to applications. Additionally, it provides the flexibility to add or remove seats as required.

Additional benefits of adding LastPass to your security stack include:

Logmein lastpass acquisition
  • 24/7 dark web monitoring

  • Cyberattack prevention

  • Strong password generation

  • Secured passwords and data

  • Multi-factor authentication

  • Access point management

  • PIN code storage

  • Time savings and convenience

“We are proud to be partnering with Pax8 to offer MSPs easier access to LastPass,” said Tiffany Dunn, Vice President, Channel Sales, North America, LogMeIn. “The Pax8 Platform and superior product support provides us with a global route to expand our reach and strengthen our channel business. We are seeing that many organizations have re-invigorated ‘cloud first’ strategies over the last year as they want to improve agility, productivity, and security so they can deal with whatever the world throws at them. To serve this, LogMeIn knows that by offering MSPs cloud-based products like LastPass, it is shaping the future of work for businesses worldwide. That empowers employees with the ability to work from anywhere, while providing their organizations with best of breed products that are interoperable with their other solutions.”

“LogMeIn recognises that MSPs are on the front lines of enabling businesses and their employees to thrive in the new ‘work from anywhere’ environment,” added Harvey Grasty, Vice President, Business Development & Strategic Partnerships, LogMeIn. “Because LogMeIn is strategically aligned to supporting MSPs in this new normal, we’ll continue to deploy MSP-centric solutions and make them accessible through innovative partners like Pax8.”

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