LogMeIn President and CEO, Bill Wagner, revealed plans today to establish LastPass as an independent company. LastPass is password management solution and security service that LogMeIn acquired in 2015.
LastPass made several changes under the new ownership, some limited the free version of the password manager severely. Just this year, LastPass announced that it would limit free users to one of the two device types that LastPass could be run on. Free users had to choose between running LastPass on desktop devices or mobile devices, but they could not run the password anymore on both device types in the free version. Pricing of LastPass Premium was 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 away from LastPass.
Wagner notes that the decision won't affect user accounts or data that is in the vault. Customers will benefit from an "enhanced LastPass, on an accelerated timeline" according to the announcement.
Support channels will be expanded and new features, such as seamless save and fill, will be launched soon.
We are working on faster, seamless save and fill, a delightful mobile experience, and even more third-party integrations for businesses, among many other updates.
We are expanding our support channels so we can answer your questions faster, right when you need them, and you’ll be welcomed by a new look and feel on our website.
The announcement leaves questions unanswered that customers may have, including whether the move will result in functionality being removed or a price increase. LogMeIn itself was acquired in 2020 by a Private Equity Firm, and it is unclear how the relationship between LogMeIn and the new independent LastPass company will look like, as no details have been revealed at this point.
As a LastPass customer, especially as a free user, it is certainly a good idea to keep a close eye on announcements made by the independent LastPass company.
Now You: which password manager do you use?
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