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Will there be changes to LastPass?

Private equity firms have recently acquired the parent company of LastPass, a popular and highly rated password manager with 18 million users. This news is stirring up fears that changes may be coming for LastPass.

Who owns LastPass?

The private equity firms that acquired and own LogMeIn will still control LastPass . Francisco 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 major growth opportunities for the password manager, which currently has 30 million users.

What happened to LastPass & Goto?

TECHNOLOGY Password management firm LastPass has completed its spinoff from its parent company GoTo, a separation that was first announced in 2021. However, GoTo (formerly known as LogMeIn) and LastPass will continue to share the same private equity owners, Francisco Partners and Elliott Management.

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