14 januari 2008

LogMeIn Files for IPO: is remote support coming into maturity?

Today GigaOM reports on LogMeIn's filing for an IPO. This could mean any number of things of course, from operational cash needs, to founders wanting to cash out, to expansion into new markets. I guess we'll find out in the next few days.
However, what it means to me also, is that this company has the guts to claim that remote support has become a sector in itself (we knew already) worth investing in. We're not at the stage where the market is consolidating yet (despite what I thought last year when Cisco bought Webex). But, it's no longer just part of another suite of products, or is this IPO just a fluke? Let me know what you think about it.


Disclosure: I work for NTR Global, who compete with LogMeIn with their products NTRsupport and NTRadmin

See GigaOM's article here: LogMeIn Files for $86M IPO; Gets Money from Intel

You might also be interested in Cisco's buying Webex last year
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