LogMeIn looks to monetize users, ditches free accounts

|By:, SA News Editor

LogMeIn (LOGM) is attempting to aggressively shepherd its free account users into one of its paid account options, EnGadget reports. Free users have been given 7 days to decide whether to subscribe or move to a free competitor such as TeamViewer.

The company has used various other service cut-offs to goad users into paying up in the past. For instance, a 28.3% Y/Y increase in subscribers in Q3 was "driven in part by a business model change that requires users with LogMeIn Free installed on more than ten host computers to purchase a Central subscription." (10-Q)