Other changes include expanding customer support to answer questions more quickly and redesigning the LastPass website. “We are working on faster, seamless save and fill, a delightful mobile experience, and even more third-party integrations for businesses, among many other updates,” Wagner added. The new LastPass promises improvements to the password manager on an accelerated timeline. “As the leading password manager for individuals and businesses,this change allows us to strategically increase focus, investment, and support in LastPass to be able to solve your password problems faster and in even more innovative ways,” said LogMeIn CEO Bill Wagner in Tuesday’s announcement (Opens in a new window). These users include both consumers and corporations at a time when the rise in remote work during the pandemic is fueling adoption of secure login methods. The private equity firms that acquired and own LogMeIn will still control LastPass.įrancisco Partners and Evergreen Coast Capital Corp, which specialize in trying to maximize the value of an asset for later sale, are spinning off LastPass, citing (Opens in a new window) major growth opportunities for the password manager, which currently has 30 million users. Password manager LastPass is spinning itself off from LogMeIn to become its own standalone company. However, the change isn’t as drastic as it sounds. How to Set Up Two-Factor Authentication.

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