Connect with us

Hi, what are you looking for?


Cloud Security

LogMeIn Acquires Meldium for $15 Million in Cash

Remote connectivity services provider LogMeIn announced today the acquisition of Meldium, a startup that specializes in cloud-based single-sign-on (SSO), password management, and identity and access management (IAM) solutions.

Remote connectivity services provider LogMeIn announced today the acquisition of Meldium, a startup that specializes in cloud-based single-sign-on (SSO), password management, and identity and access management (IAM) solutions.

Meldium is being acquired for $15 million in cash, part of which is performance and retention based and is expected to be paid over time. LogMeIn says it’s pleased with the startup’s growth rates, but it doesn’t expect its early revenue to have a material impact on H2 or full year revenue.

The acquisition will enable LogMeIn to add an SSO offering to its portfolio, which currently includes cloud app discovery and management solution AppGuru, the remote device management product LogMeIn Central, the enterprise file sync and sharing solution Cubby Enterprise, and the remote access application LogMeIn Pro.

Meldium’s SSO solution is considered complementary to the capabilities in LogMeIn’s IT management portfolio. In the near-term, the company plans on keeping it a standalone product, but it will work on integrating its capabilities into other offerings.

“Cloud apps and the bring-your-own-app trend – BYOA – have forced IT professionals to rethink how they manage identities, employee access, and data security. SSO is rapidly emerging as an effective means of addressing these security and identity management challenges, and Meldium has created what we believe is one of the most elegant, intuitive SSO solutions on the market today,” commented Michael Simon, CEO of LogMeIn.

“We believe the addition of Meldium and SSO – together with the identity and cloud app management capabilities introduced in AppGuru – will accelerate our ability to address some of today’s most pressing IT challenges, while positioning us favorably to compete in the fastest growing part of the identity management market,” Simon added.

On the other hand, Meldium believes that integration with LogMeIn’s infrastructure will allow it to deliver better services to a larger audience.

Advertisement. Scroll to continue reading.

“While building Meldium, we have seen from thousands of early-adopters how cloud apps are transforming business and IT management. In LogMeIn, we have found a team that shares our vision of a cloud-centric workplace and our belief in creating simple and elegant tools for small-and-medium businesses,” said Boris Jabes, co-founder of Meldium. “We’re very excited to join the LogMeIn team at a time where, together with its customers and wealth of experience, we have an amazing opportunity to help businesses embrace the cloud.”

Meldium’s SSO and user management services customers are not impacted by the acquisition. The company has less than 10 employees and all of them will join LogMeIn. They will remain based in San Francisco, the company said in an FAQ.


Written By

Eduard Kovacs (@EduardKovacs) is a contributing editor at SecurityWeek. He worked as a high school IT teacher for two years before starting a career in journalism as Softpedia’s security news reporter. Eduard holds a bachelor’s degree in industrial informatics and a master’s degree in computer techniques applied in electrical engineering.

Click to comment

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest threats, trends, and technology, along with insightful columns from industry experts.

SecurityWeek’s Threat Detection and Incident Response Summit brings together security practitioners from around the world to share war stories on breaches, APT attacks and threat intelligence.


Securityweek’s CISO Forum will address issues and challenges that are top of mind for today’s security leaders and what the future looks like as chief defenders of the enterprise.


Expert Insights

Related Content

Application Security

Cycode, a startup that provides solutions for protecting software source code, emerged from stealth mode on Tuesday with $4.6 million in seed funding.

Cybersecurity Funding

SecurityWeek investigates how political/economic conditions will affect venture capital funding for cybersecurity firms during 2023.

Identity & Access

Zero trust is not a replacement for identity and access management (IAM), but is the extension of IAM principles from people to everyone and...

CISO Strategy

SecurityWeek spoke with more than 300 cybersecurity experts to see what is bubbling beneath the surface, and examine how those evolving threats will present...

Management & Strategy

SecurityWeek examines how a layoff-induced influx of experienced professionals into the job seeker market is affecting or might affect, the skills gap and recruitment...

CISO Conversations

In this issue of CISO Conversations we talk to two CISOs about solving the CISO/CIO conflict by combining the roles under one person.


Thirty-five cybersecurity-related M&A deals were announced in February 2023

CISO Strategy

Security professionals understand the need for resilience in their company’s security posture, but often fail to build their own psychological resilience to stress.