Woburn-based LogMeIn Files for IPO to Raise Estimated $123 Million. View their jobs...

Woburn, Mass. - LogMeIn, a Woburn-based provider of
remote-connectivity technology for Internet-enabled devices, has filed with the
Securities and Exchange Commission for its initial public offering of stock to
raise an estimated $123 million. Founded in 2003, LogMeIn entered into a service
and marketing agreement with Intel in 2007 to jointly develop a service
that delivers connectivity to computers built with Intel components. Under the
four-year agreement, LogMeIn is adapting its service delivery platform to work
with specific technology delivered with Intel hardware and software products. In
conjunction with this agreement, Intel invested $10 million in LogMeIn, which
had $17.2 million in revenue for the three months ended March 30 and a profit of
$2.3 million. That compares to $9.9 million in revenue and a loss of $3.7
million in the same period a year ago. LogMeIn estimates that it will price
about 7.7 million shares at $16 million in its IPO.
http://www.sec.gov/Archives/edgar/data/1420302/000095012309014140/b75316a8sv1za.htm
http://www.logmein.com

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