LastPass is becoming an independent company
Bill Wagner, president and CEO of LogMeIn, revealed today plans to establish LastPass as an independent company. LastPass is a password management solution and security service that LogMeIn acquired in 2015.
LastPass made several changes under the new property, some severely limiting the free version of the password manager. This year alone, LastPass announced that it would limit free users to one of two types of devices that LastPass could run on. Free users had to choose between running LastPass on desktop or mobile devices, but they could no longer run the password on both types of devices in the free version. The price of LastPass Premium has increased several times since the acquisition.
Some users migrated from LastPass to other password management solutions. You can check out my guide on migrating from LastPass to Bitwarden and Ashwin’s take on migrating from LastPass.
Wagner notes that the decision will not affect user accounts or the data in the vault. Customers will benefit from an “improved LastPass, on an accelerated timeline” according to the announcement.
Support channels will be expanded and new features will be released soon, such as seamless save and fill.
We’re working on faster and smoother save and fill, an enjoyable mobile experience, and even more third-party integrations for business, among many other updates.
We are expanding our support channels so that we can answer your questions faster, right when you need them, and you will be greeted with a new look on our website.
The announcement leaves unanswered questions that customers may have, including whether the move will result in the removal of functionality or a price increase. LogMeIn itself was acquired in 2020 by a private equity company, and it is unclear what the relationship between LogMeIn and the independent startup LastPass will look like as no details have been disclosed at this time.
As a LastPass customer, especially a free user, it is certainly a good idea to keep an eye out for announcements made by the independent company LastPass.
Now you: What password manager do you use?
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