(credit: LastPass)
The maker of LastPass, a popular password manager, is being acquired by LogMeIn in a sale worth at least $110 million.
LastPass, founded in 2008, makes software that generates strong passwords and stores them in an encrypted vault. The software integrates with desktop and mobile browsers and automatically fills in password fields on websites when a user enters a master password. The basic software can be used for free, but individual users and businesses can pay for premium features.
LastPass CEO and cofounder Joe Siegrist wrote today that his company is "excited to join LogMeIn in delivering the next generation of identity and access management for individuals, teams and companies, with LastPass at the forefront."
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