It hopes to announce a new CEO in the first quarter and build out the workforce throughout the year. LogMeIn announced the news Tuesday, and plans to begin the separation process in earnest in January. Creating a dedicated, standalone LastPass company will help drive focus, Wagner said. LogMeIn, a SaaS tools company, has too many products to list. “We need to make investments that increase the pace of innovation.” “The password problem has actually gotten worse through the pandemic because more people are online than ever,” LogMeIn CEO Bill Wagner told Protocol. LogMeIn decided spinning off LastPass, its freemium password manager, into its own company is the best way to do this. Reducing our reliance on homegrown passwords is going to require a lot of work. Who knew a little string of letters and numbers could be so hard to manage? In 2020, nearly half of all Americans said they would not use a password manager. Despite our many attempts to organize unique and memorable passwords, many of us are still using the same thinly-veiled dictionary words for all of our accounts.
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