Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
CORPORATES ISSUER IN-DEPTH 8 September 2020 Source Documents: Final Offering Memorandum (14 Aug 2020) Peer Group: » Technology Software (All figures in $ millions unless otherwise noted) See Snapshot User’s Guide for terminology analytical criteria and our ranking of covenant structures. This report contains Moody’s analysis of the principal protections and weaknesses of the covenant p
Francisco Partners and Evergreen Coast Capital Complete Acquisition of LogMeIn BOSTON, Aug. 31, 2020 (GLOBE NEWSWIRE) -- LogMeIn, Inc., a leading provider of cloud services for the work-from-anywhere economy, today announced the completion of its sale to affiliates of Francisco Partners and Evergreen Coast Capital (“Evergreen”), the private equity affiliate of Elliott Management Corporation (“Elliott”), in a transaction valued at an aggregate equity valuation of approximately $4.3 billion. Founded in 2003, LogMeIn is a pioneer in remote work technologies and the maker of market-defining...
Global Study Finds Organizational CX Maturity is Rising but Gap Between Leaders and Laggards is Widening as AI Race Accelerates Independent study commissioned by LogMeIn reveals opportunity to make CX a differentiator with an execution-focused strategy that prioritizes self-service and continual optimization BOSTON, Aug. 19, 2020 (GLOBE NEWSWIRE) -- LogMeIn (Nasdaq: LOGM) today announced the results of a new commissioned study conducted by Forrester Consulting designed to help customer experience (CX) decision makers evaluate their current state, identify gaps and define a strategy for ...
LogMeIn, Inc. and Logan Merger Sub, Inc. Announce Upsize and Pricing of $950 Million Senior Secured Notes Offering BOSTON, Aug. 14, 2020 (GLOBE NEWSWIRE) -- LogMeIn, Inc. (“LogMeIn” or the “Company”) and Logan Merger Sub, Inc. (the “Issuer”), controlled by affiliates of Francisco Partners, L.P. (“Francisco Partners”), today announced that the Issuer has priced an offering of $950 million in aggregate principal amount of its 5.50% Senior Secured Notes due 2027 (the “Notes”). The Notes were priced at 100% of par. The offering was upsized to $950 million from the previously announced offerin...
LogMeIn, Inc. And Logan Merger Sub, Inc. Announce $750 Million Senior Secured Notes Offering BOSTON, Aug. 10, 2020 (GLOBE NEWSWIRE) -- LogMeIn, Inc. (“LogMeIn” or the “Company”) and Logan Merger Sub, Inc. (the “Issuer”), controlled by affiliates of Francisco Partners, L.P. (“Francisco Partners), today announced that the Issuer intends to privately offer, subject to market conditions, $750 million in aggregate principal amount of its Senior Secured Notes due 2027 (the “Notes”). The net proceeds from the offering of the Notes, together with other financing sources, will be used to fund the ...
LogMeIn Introduces New LastPass Security Dashboard and Dark Web Monitoring, Delivering a Complete Command Center for Managing Digital Security BOSTON, Aug. 05, 2020 (GLOBE NEWSWIRE) -- by LogMeIn today unveiled a new Security Dashboard, providing end users with a complete overview of the security of their online accounts and actionable steps to strengthen their online security. Building on the original LastPass Security Challenge, the new LastPass Security Dashboard now includes , a new feature available to LastPass Premium, Families and Business customers, that proactively watches for b...
Rating Action: Moody's assigns B2 CFR to LogMeIn; outlook stable. Global Credit Research- 03 Aug 2020. New York, August 03, 2020-- Moody's Investors Service assigned a B2 Corporate Family Rating to LogMeIn, Inc. and B1 and Caa1 ratings to its proposed $2.2 billion of first lien and $500 million of second lien credit facilities, respectively.
Rating Action: Moody's assigns B2 CFR to LogMeIn; outlook stable. Global Credit Research- 03 Aug 2020. New York, August 03, 2020-- Moody's Investors Service assigned a B2 Corporate Family Rating to LogMeIn, Inc. and B1 and Caa1 ratings to its proposed $2.2 billion of first lien and $500 million of second lien credit facilities, respectively.
LogMeIn Announces Second Quarter 2020 Results BOSTON, July 29, 2020 (GLOBE NEWSWIRE) -- LogMeIn, Inc. (NASDAQ: LOGM), a leading provider of cloud-based connectivity, today announced its results for the second quarter ended June 30, 2020. Second quarter 2020 financial highlights include: Revenue was $350.7 million, up 12% compared with the second quarter of 2019GAAP net income was $19.0 million or $0.39 per diluted share and non-GAAP net income was $75.9 million or $1.54 per diluted shareEBITDA was $101.6 million or 29.0% of revenue and Adjusted EBITDA was $119.3 million or 34.0% of reve...
LogMeIn Announces New GoToRoom Hardware Options for the Home or Office Expanded partnerships with Dolby, Extron, Logitech and Poly bring professional grade audio and video capabilities to today’s anywhere workforce BOSTON, July 22, 2020 (GLOBE NEWSWIRE) -- (Nasdaq:LOGM) has announced seven new hardware bundles for its GoToRoom huddle, conference and boardroom solution. The new, all-in-one video conferencing offerings from partners , and provide flexible choices for home offices to large meeting spaces. In addition, a new partnership with enables custom setups for outfitting corpora...
LogMeIn Unlocks New Opportunities for MSPs by Offering LastPass Single Sign On and Enterprise Password Management BOSTON, July 22, 2020 (GLOBE NEWSWIRE) -- LogMeIn, Inc. (Nasdaq: LOGM) today announced that Managed Service Providers (MSPs) worldwide can now sell, manage, and support , its industry-leading password management and single sign-on solution, for their customers. As part of the LogMeIn Partner Network, MSPs can now offer LastPass to their customers as a solution to enable secure access for all online applications. MSPs now have access to new sub-account functionality built direc...
LogMeIn Appoints Two New Leaders with Hiring of New CFO and Chief Product & Technology Officer Rich Veldran and Paddy Srinivasan bolster LogMeIn’s executive leadership as company positions itself to power the work-from-anywhere era BOSTON, June 16, 2020 (GLOBE NEWSWIRE) -- (Nasdaq:LOGM) a cloud leader empowering the work-from-anywhere era, has announced the appointment of two new officers to its executive leadership team. Rich Veldran will join LogMeIn as the Company’s new Chief Financial Officer (CFO) following the October 2019 announcement that current CFO, Ed Herdiech, would be reti...
New Study Finds Evolving Customer Expectations, Ineffective CX Toolsets Drive Adoption of Visual Engagement Technology Survey of Global Customer Engagement Leaders Shows Greater Investment in Visual Engagement Tools to Achieve Top CX Priorities BOSTON, June 09, 2020 (GLOBE NEWSWIRE) -- LogMeIn (Nasdaq: LOGM) today announced the results of a new global commissioned study conducted by Forrester Consulting that explores how businesses are leveraging visual engagement technology to create a more personal, trustworthy and secure customer experience (CX). The study, , surveyed 300 respondent...
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