LogMeIn Acquires Ionia Corporation to Accelerate Internet of Things Opportunity
Merges Ionia with Xively Cloud Services to Meet Growing Demand for Integrated IoT Solutions
May 6, 2014 – LogMeIn (NASDAQ:LOGM)announced it has acquired Ionia Corporation, a system integrator specialising in connected solutions. The move is part of a larger strategy to accelerate LogMeIn’s IoT opportunity by helping early customers of its Xively Cloud Services platform quickly go to market with their connected offerings.
Prior to the acquisition, Ionia IoT consultants delivered more than 300 cloud business solutions. A Salesforce.com silver partner and Heroku platinum partner, Ionia was ranked number one by Salesforce.com customers in the manufacturing and health/life sciences markets, and won the 2013 Salesforce Partner Innovation Award for Mobile. LogMeIn’s Xively IoT Platform-as-a-Service, which was introduced in 2013, has earned top awards by GSMA Mobile World Congress, ARM and CTIA for helping companies optimize internal operations and build connected products for sale.
“We’re seeing a shift in the way companies are approaching the IoT. Whereas last year it was mainly exploratory and product-focused, now it’s about implementing IoT solutions that deliver maximum business value. To do this, customers need integrated solutions that tie together products, people and technologies like Salesforce.com,” said Michael Simon, CEO of LogMeIn. “This acquisition enables us to rapidly assemble a team with expertise in connected customer experiences and comprehensive business solutions. By augmenting Xively with Ionia’s experience delivering cloud business solutions, we believe we can deliver the holistic IoT-based solutions customers need to transform their business.”
The acquisition will also serve as a template as LogMeIn builds out an ecosystem of system integrators and grows its base of self-service customers.
“LogMeIn and Ionia share the same business-first philosophy. We focus on helping customers optimize their connected vision so it has the greatest possible business impact, and then we build the connected solution to support it,” said Joe Gaska, who co-founded Ionia along with Keith O’Sheaand served as Ionia’s CEO. “We’re excited to join LogMeIn and be part of a pioneering company that’s driving commercial IoT adoption.”
One customer already benefiting from the acquisition is New England Biolabs, producer of the world’s largest selection of enzymes for genomic research (See separate release, announced today, revealing New England Biolabs as a LogMeIn customer).
“We view LogMeIn and Ionia as a natural fit. Ionia understands how to design a connected solution that leverages Salesforce to achieve business goals, and LogMeIn offers a robust, purpose-built IoT platform designed to make it easy to build and scale fully integrated IoT solutions. Together, they provide the knowledge and capabilities we need to quickly deliver highly differentiated and competitive IoT-connected enzyme freezers,” said Ken Grady, Chief Information Officer of New England Biolabs..
About LogMeIn, Inc.
LogMeIn (NASDAQ:LOGM) transforms the way people work and live through secure connections to the computers, devices, data, and people that make up their digital world. The company’s cloud services free millions of people to work from anywhere, empower IT professionals to securely embrace the modern cloud-centric workplace, give companies new ways to reach and support today’s connected customer, and help businesses bring the next generation of connected products to market.
LogMeIn is headquartered in Boston’s Innovation District with offices in Australia, Hungary, India, Ireland, and the UK.