Hi guys, so this company will be our new owner and LogMeIn will go private in a month or so(some government approvals pending I guess)... this is there biggest acquisition. Do you know anything about this company, was your company bought by this private equity, did they do lot of layoffs etc after acquiring, benefits loss , any tips or knowledge you want to share ?
All of the above. PE firms buy because their playbook of cost cutting and restructuring will increase multiples of ebitda and then exit.
Good for the PE firm, okay for LogMeIn founders, meaningless to you. Carry on engineer, you’re just a tool in the wheelhouse
LogMeIn, how are things now?
How did that work out? :-)
How did that go?
New York
17h
959
Real talk: in what way private schools are better than public in nyc?
Tech Industry
9h
416
Blind is an antisemitic cesspool
World Conflicts
7h
283
Israel prevents Palestinians from gathering rainwater? Seems wrong on so many levels to me
Tech Industry
56m
509
Unpopular opinion : Bay Area is a trap !!
India
18h
804
Why Worshipping Lord Ram Important in Hinduism?
Is this... public knowledge??
Yep
https://techcrunch.com/2019/12/17/logmein-agrees-to-be-acquired-by-francisco-partners-and-evergreen-for-4-3b/