LogMeIn, the company that owns popular password management service LastPass has announced that it will let the password management service become a standalone company on its own.
The reason for the sudden decision after about six years of being together is to help the business grow and accelerate in its password management industry.
Another reason is to allow the brand to roll out new features faster since it will no longer depend on its parent company.
The full extent of those features wasn’t clear, but LastPass hinted at “faster, seamless” password filling, an improved mobile app, and more third-party tie-ins for corporate customers. You should also see more support channels and a website redesign.
LastPass did well during the pandemic as it has raked in more customers while competing against fellow password management rivals like Dashlane, 1Password, and Zoho.
LastPass is a mature company now and it can definitely stand on its own considering the numbers it’s pulling in on the regular.