LogMeIn Drops $15M to Buy Meldium for Its Security Chops
LogMeIn, the Boston company that made web conferencing and remote PC management less painful experiences, is buying Meldium, a San Francisco startup noted for its password management and single sign-on capabilities.
Meldium aims to make it easier to grant and rescind a person’s rights to business apps and data, which in turn makes life easier for companies that hire interns, freelancers or contract employees. Meldium’s promise is that it lets an admin easily disable or delete corporate accounts of a given person without screwing with her personal accounts.
San Francisco-based Meldium competes with companies like Okta and even Microsoft in some cases. A LogMeIn spokesman called Meldium a “great complement” to the company’s existing offerings including AppGuru, which makes it easier for a business to find out exactly which of its apps are in use and then deploy policy controls across them.
More: LogMeIn Drops $15M to Buy Meldium for Its Security Chops — Tech News and Analysis