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LogMeIn acquires cloud-based phone system provider for $342M

Feb. 08, 2018 8:28 AM ETLogMeIn, Inc. (LOGM) StockBy: Brandy Betz, SA News Editor
  • LogMeIn (NASDAQ:LOGM) will acquire Jive Communications for $342M in cash.
  • Jive Communications provides cloud-based phone systems and Unified Communications services and has 20K customers worldwide with offices in the U.S., Canada, and Latin America.  
  • LogMeIn is expected to pay an additional $15M in cash upon the achievement of certain milestones within two years of the transaction’s close.  

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