LOGMEIN IoT Management Software

LogMeIn’s business strategy involves the identification of emerging market opportunities, which can be capitalized by successfully developing and introducing new services. The company makes significant investment in R&D to address emerging market opportunities such as IoT. In 2016, the company invested USD 57.2 million in R&D. About 40% of the company’s employees work in the R&D department. LogMeIn’s business strategy is focused on making strategic acquisitions and investments in complementary businesses, services, technologies, and IP rights. In June 2016, LogMeIn acquired Zamurai Corporation, a leading mobile-based, real-time visual collaboration application and solution provider. Similarly, in August 2016, LogMeIn collaborated with Kaspersky Lab, a leading provider of IT security solutions, to provide LogMeIn Central Premier customers the complimentary license of Kaspersky Endpoint Security for Windows. Therefore, the company is focused on adopting various growth strategies to fortify its position as a market leader.