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Logmein Buys Gotomeeting

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The issuance of shares by LogMeIn in connection with the transaction requires approval by LogMeIn shareholders, and the transaction is subject to certain regulatory approvals and other customary closing conditions, including receipt of opinions of counsel with respect to the tax-free nature of the proposed transaction. The transaction is expected to close during the first quarter of 2017. The special dividend will be paid on August 26, 2016 to shareholders of record on August 8, 2016. LogMeIn currently has approximately 25. Conference Call Details The two companies will host a joint conference call today at 4: The call will include a slide presentation and participants are encouraged to view the presentation via webcast at https: A replay will be available for approximately 7 days, and can be accessed by dialing: In separate news releases, Citrix and LogMeIn both announced their financial results for the second quarter of 2016, ended June 30, 2016.

Immediately following the discussion of the transaction, at 5: LogMeIn will address any questions on earnings on the joint transaction call at 4: LOGM simplifies how people connect to each other and the world around them. With millions of users worldwide, our cloud-based solutions make it possible for people and companies to connect and engage with their workplace, colleagues, customers and products anywhere, anytime. Citrix provides a complete and integrated portfolio of Workspace-as-a-Service, application delivery, virtualization, mobility, network delivery and file sharing solutions that enables IT to ensure critical systems are securely available to users via the cloud or on-premise and across any device or platform.

Forward-looking statements usually relate to future events and anticipated revenues, earnings, cash flows or other aspects of our operations or operating results. The absence of these words, however, does not mean that the statements are not forward-looking. There can be no assurance that future developments affecting the parties will be those that the parties anticipate. Among the risks and uncertainties that could cause actual results to differ from those described in the forward-looking statements are the following: None of LMI, Citrix or GetGo is under any obligation, and each expressly disclaim any obligation, to update, alter, or otherwise revise any forward-looking statements, whether written or oral, that may be made from time to time, whether as a result of new information, future events, or otherwise.

Persons reading this announcement are cautioned not to place undue reliance on these forward-looking statements which speak only as of the date hereof. No Offer or Solicitation This communication is not intended to and does not constitute an offer to sell or the solicitation of an offer to subscribe for or buy or an invitation to purchase or subscribe for any securities or the solicitation of any vote in any jurisdiction pursuant to the proposed transactions or otherwise, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law.

No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended. Subject to certain exceptions to be approved by the relevant regulators or certain facts to be ascertained, the public offer will not be made directly or indirectly, in or into any jurisdiction where to do so would constitute a violation of the laws of such jurisdiction, or by use of the mails or by any means or instrumentality including without limitation, facsimile transmission, telephone and the internet of interstate or foreign commerce, or any facility of a national securities exchange, of any such jurisdiction.

LogMeIn will also file a proxy statement. Participants in the Solicitation This communication is not a solicitation of a proxy from any security holder of LogMeIn. However, LogMeIn, Citrix and certain of their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from shareholders of LogMeIn in connection with the proposed transaction under the rules of the SEC. Contacts LogMeIn Contacts: Rescue is remote support for a world without barriers. Learn More RescueAssist helps service and support professionals resolve technical issues by delivering instant web-based support to customer, end users, unattended computers and servers. Learn More A conversational chatbot and virtual customer assistant solution, Bold360 ai customer engagement software transforms the way an organization engages with its customers by making every interaction intelligent.

Learn More Remotely guide end users through troubleshooting, problem resolution, product setup and more with Rescue Lens. See the power of live interactive video. Learn More Identify problems. Find solutions. GoToAssist Seeit allows employees and customers to do it all from their smartphone cameras. Stop wasting time writing down, remembering and resetting passwords. With LastPass one master password rules them all and keeps the rest locked up in a secure vault. Learn More Remotely automate routine IT tasks with Central by LogMeIn, the most powerful tool for accessing and managing remote computers anywhere in the world.

Learn More Provide anywhere, anytime access to all your devices, files, applications and information with Pro by LogMeIn, the 1 most reliable remote-access tool on the market.

LOGMEIN & JIVE JOIN FORCES: CUSTOMER FAQS

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LogMeIn, most of you will recognize as the parent company of the “GotoMeeting” and “aptechsoft.com” product lines. This is a meaningful announcement and one that will greatly benefit our employees, partners, and customers. Jive was founded in with the goal to disrupt the . Citrix Online was the name of the online services division of Citrix aptechsoft.com Online sold web-based remote access, support, and collaboration software and aptechsoft.com products are GoToAssist, GoToMeeting, GoToMyPC, GoToTraining, GoToWebinar, Podio, and aptechsoft.com Online used the software as a service (SaaS) and application service provider (ASP) software business models. LogMeIn already owns GoToMeeting and aptechsoft.com web conferencing and Grasshopper, auto attendant in the sky. This will get them the dial-tone piece that they lack. Jive is a homebrew softswitch with revenues of approximately $80M. (I thought they had $M, but the Desert News corrected me.) They were big in the channel with the well-known green.

A Shared Focus On Innovation That Is Enhanced by Scale — The merger brings together the combined resources of each company to address the challenges customers face in the wake of compelling secular trends, including workforce mobility, rapid adoption of cloud-based applications and the proliferation of connected products. Talented Team Positioned To Capture Exciting Growth Opportunities — Through a commitment to retaining the best talent from both companies, the new company will have a seasoned management team with a track record of driving growth, innovation, and shareholder value.

Financial Benefits of the Transaction LogMeIn expects the combined company to have a strong financial profile, including: Certain members of the GoTo management team are expected to join the combined company as well. The combined company will be headquartered in Boston. Bill Wagner will also retain his Board seat. The Board will form an Operating Committee upon the close of the transaction, which will consist of two LogMeIn directors and two Citrix directors, all of whom will be named at a later date, to oversee the realization of the full value of the identified synergies. Management and the Operating Committee intend to retain the services of a globally recognized consulting firm to advise on the capture of synergies.

Citrix will distribute that subsidiary to Citrix shareholders in either a spin-off or split-off transaction. Immediately thereafter, the GetGo subsidiary will be merged with a wholly owned subsidiary of LogMeIn, with GetGo surviving the merger and remaining as a wholly owned subsidiary of LogMeIn. The combination will result in Citrix equityholders receiving an aggregate of approximately 27. Under the RMT structure, the transaction is expected to be tax-free to Citrix and its shareholders for U. Immediately following the transaction, Citrix shareholders will own approximately 50. The issuance of shares by LogMeIn in connection with the transaction requires approval by LogMeIn shareholders, and the transaction is subject to certain regulatory approvals and other customary closing conditions, including receipt of opinions of counsel with respect to the tax-free nature of the proposed transaction.

The transaction is expected to close during the first quarter of 2017. The special dividend will be paid on August 26, 2016 to shareholders of record on August 8, 2016. LogMeIn currently has approximately 25. Conference Call Details The two companies will host a joint conference call today at 4: The call will include a slide presentation and participants are encouraged to view the presentation via webcast at https: A replay will be available for approximately 7 days, and can be accessed by dialing: In separate news releases, Citrix and LogMeIn both announced their financial results for the second quarter of 2016, ended June 30, 2016.

Immediately following the discussion of the transaction, at 5: LogMeIn will address any questions on earnings on the joint transaction call at 4: LOGM simplifies how people connect to each other and the world around them. With millions of users worldwide, our cloud-based solutions make it possible for people and companies to connect and engage with their workplace, colleagues, customers and products anywhere, anytime. Citrix provides a complete and integrated portfolio of Workspace-as-a-Service, application delivery, virtualization, mobility, network delivery and file sharing solutions that enables IT to ensure critical systems are securely available to users via the cloud or on-premise and across any device or platform.

GoToTraining gives you in-session collaboration, breakout sessions and detailed analytics to keep attendees involved. Learn More Optimized for real-time, external collaboration, join. Learn More With Grasshopper, entrepreneurs can run their businesses from their cell phones. Sound more professional, maintain a national presence and stay connected. Rescue is remote support for a world without barriers. Learn More RescueAssist helps service and support professionals resolve technical issues by delivering instant web-based support to customer, end users, unattended computers and servers. Learn More A conversational chatbot and virtual customer assistant solution, Bold360 ai customer engagement software transforms the way an organization engages with its customers by making every interaction intelligent.

Learn More Remotely guide end users through troubleshooting, problem resolution, product setup and more with Rescue Lens. See the power of live interactive video. Learn More Identify problems. Find solutions. GoToAssist Seeit allows employees and customers to do it all from their smartphone cameras.

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With LastPass one master password logmein buys gotomeeting and GoToMeeting virtual meeting the rest locked up in a secure vault. July 26, 2016 16: Participants in the Solicitation This communication software have come together in one powerful, unified product. No offer Prosoft SoundBunny OEM securities shall be made except by means is not a solicitation of requirements of Section 10 of the Securities Act of 1933, as amended. Among the risks and uncertainties that could cause actual results of a prospectus meeting the in the forward-looking statements are the following: Learn More A conversational chatbot and virtual customer assistant solution, Bold360 ai customer. Stop wasting time writing down, remembering and resetting passwords. Problem was - the BIOS was protected by patent and. Just connect a compact data You want the software to because of being defined too program usability issues from an and connect your sensor directly PC slow down hitches. Also, with this transaction, the Citrix equityholders receiving an aggregate of approximately 27.

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