LogMeIn Announces Stockholder Approval in Connection with Merger with Citrix’s GoTo Business

1/26/17

BOSTON, Jan. 25, 2017 (GLOBE NEWSWIRE) -- LogMeIn, Inc. (NASDAQ:LOGM) today announced that at a special meeting of its stockholders, the proposal to approve the issuance of shares of LogMeIn common stock to equityholders of Citrix Systems, Inc. was approved. This stockholder approval was required in connection with LogMeIn’s proposed merger with Citrix’s GetGo subsidiary, a wholly owned subsidiary consisting of Citrix’s GoTo family of service offerings.

First announced on July 26, 2016, the merger would bring together proven innovators with a shared belief in simplifying the way people connect to customers, colleagues and the world around them. The GoTo family of service offerings delivers collaborative communication solutions for small and medium sized businesses and has strong global brand recognition through leading products including GoToAssist, GoToMeeting, GoToMyPC, GoToTraining, GoToWebinar, Grasshopper and OpenVoice. LogMeIn, a leading provider of cloud-based connectivity, has rapidly attracted millions of users and thousands of leading businesses to its popular and disruptive products, including join.me, LastPass, LogMeIn Rescue and BoldChat, among others.

The merger is expected to be completed following the close of business on Tuesday, January 31, 2017, subject to satisfaction of the remaining closing conditions.

About LogMeIn
LogMeIn, Inc. (NASDAQ:LOGM) simplifies how people connect to each other and the world around them. With millions of users worldwide, LogMeIn’s cloud-based solutions make it possible for people and companies to connect and engage with their workplace, colleagues, customers and products anywhere, anytime. LogMeIn is headquartered in Boston with offices in Bangalore, Budapest, Dublin, Fairfax (VA), London, San Francisco, Sydney, Szeged, and Wichita (KS).

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