As a standalone entity, it will look forward to “strong and sustained growth” as consumers and businesses prioritize password security. LogMeIn says LastPass is the category leader in zero-knowledge password management. The award-winning password manager already helps more than 30 million users organize and protect their online lives and supports more than 85,000 businesses of all sizes, providing identity and access management solutions. “We are excited to welcome this new member to the Hungarian tech scene, which is not only a genuine global leader in the business-critical area of securing the remote workforce but also has all its software engineering, product design and tech support located here in Hungary,” he tells the Budapest Business Journal. John Ford, VP of digital workplace technology and managing director for LogMeIn Hungary (including LastPass), describes the development as a “spinning up,” rather than spinning off.
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