Who Owns GoTo?
GoTo is owned by GoTo Group, Inc., a private American software company controlled by private equity firms Francisco Partners and Elliott Investment Management, which acquired it in a $4.3 billion take-private in 2020. Formerly known as LogMeIn, the company rebranded to GoTo in 2022 and is headquartered in Boston, Massachusetts.
Parent Company
Founded
2003
Status
Private
Headquarters
Who Owns GoTo?
- Parent Company: GoTo Technologies USA, Inc.
- Ownership Type: Brand division
- Company Type: Privately Held
| Brand | Parent Company | Ownership Type |
|---|---|---|
| GoTo | GoTo Technologies USA, Inc. | Brand division |
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History of GoTo
- Founded: 2003
- Founders: Marton Anka
The company's roots are Hungarian. Marton Anka founded 3am Labs in Budapest in 2003 to build remote access software, renamed the product LogMeIn in 2005, and relocated headquarters to the Boston area. LogMeIn Free made remote desktop access a household product, and the company went public on NASDAQ in 2009 under LOGM.
LogMeIn grew through serial acquisition: Join.me for web meetings, Jive Communications for cloud telephony, LastPass for password management, and critically Citrix's entire GoTo business in a 2016 spin-merger that added GoToMeeting, GoToWebinar, and GoToTraining. The portfolio sprawled across more than a dozen products.
Francisco Partners and Elliott's Evergreen Coast Capital took the company private in 2020 for $4.3 billion. The new owners cut the portfolio hard, selling LastPass, Bold360, and other units, and in February 2022 rebranded the entire company as GoTo to consolidate everything under the best-known product name.
Under private ownership the company reorganized around two segments: GoTo Connect for unified communications and the LogMeIn-named IT management stack, Resolve and Rescue, for IT support. It generates about $1 billion in annual revenue and has pivoted product development toward AI-assisted IT automation and security in 2025 and 2026.
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About GoTo Technologies USA, Inc.
What does GoTo own?
GoTo owns its communications products including GoTo Connect, GoTo Meeting, and GoTo Webinar, plus its IT products LogMeIn Resolve, LogMeIn Rescue, and LogMeIn Central. It sold the LastPass password manager in 2022.
Is GoTo publicly traded?
No. The company traded on NASDAQ as LOGM from 2009 until August 2020, when Francisco Partners and Elliott Management took it private for $4.3 billion. It has no public ticker.
Who founded GoTo?
Marton Anka and Michael Simon founded the company in 2003 in Budapest, Hungary as 3am Labs. It renamed itself LogMeIn in 2006 and GoTo in 2022.
Where is GoTo headquartered?
GoTo is headquartered in Boston, Massachusetts. It retains a major engineering center in Budapest and offices or staff across about 21 countries.
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How many brands does GoTo own?
GoTo operates two product families under GoTo and LogMeIn names, covering roughly a half dozen products including Connect, Meeting, Webinar, Resolve, Rescue, and Central.
Who owns GoTo?
Private equity firms Francisco Partners and Elliott Investment Management, through its Evergreen Coast Capital affiliate, own GoTo jointly following the 2020 take-private.
- Founded: 2003
- Headquarters: Boston, Massachusetts, United States
- Company Type: Privately Held
- Revenue: approximately $1 billion (estimated, private)
- Employees: approximately 2,800
Where Is GoTo Made / Based?
- Headquarters: Boston, Massachusetts, United States
GoTo Categories & Tags
Awards & Recognition
GoTo's products regularly appear in G2 category leader grids for unified communications and remote support, and Rescue was long the standard remote support tool in IT service benchmarks. The company is a Boston Globe Top Places to Work alumni, and its Budapest center is one of Hungary's largest software engineering offices.
GoTo Recalls & Controversies
The company's most significant security incident was a November 2022 breach affecting its LastPass subsidiary, disclosed during the unit's separation into a standalone company. Attackers accessed cloud backup vault data, producing lawsuits and sustained industry criticism of both the breach response and LastPass's security design.
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GoTo itself disclosed a related incident in January 2023 involving a third-party cloud storage provider, which it said had limited impact. Earlier history includes occasional outages of the GoTo Meeting service during the 2020 remote-work surge, and standard layoff rounds during the private-equity restructuring.
GoTo Ownership: Pros & Cons
Advantages
- +Private equity backing enables a long consolidation strategy away from public scrutiny
- +Dual communications plus IT support portfolio is a genuine differentiator in the mid-market
- +Stable subscription base of about one million SMB customers
- +Simplified two-segment structure makes the company easier to position for an eventual exit
Considerations
- -Heavy buyout leverage limits investment against better-capitalized rivals
- -LastPass breach history continues to shadow the corporate reputation
- -Microsoft Teams' bundling compresses the SMB communications segment
- -Private equity ownership means the eventual exit could bring another ownership change or breakup
Frequently Asked Questions About GoTo
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Sources & Further Reading
Competitors to GoTo
These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.
| Brand | Parent Company | Country | Founded | Market Position | Primary Market | Gender Target |
|---|---|---|---|---|---|---|
| Twilio | United States | 2008 | Mass market | Global | All Genders |
Learn More About Competitors
Competitive Analysis
Market Positioning: GoTo competes with 1 brands in the same categories, ranging from mass market to luxury positioning.
Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.
Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.
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