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LogMeIn Opens New Worldwide Headquarters In Boston's Innovation District

Stocks in this article: LOGM

BOSTON, April 10, 2013 (GLOBE NEWSWIRE) -- One of the Boston area's largest cloud software companies can now officially call Boston its home. This week LogMeIn, Inc. (Nasdaq:LOGM) opened the doors on its new worldwide headquarters at 320 Summer Street in Boston's Innovation District, becoming the largest high-tech company to be based in the rapidly growing neighborhood. The 100,000 square foot facility, a 1904 brick-and-beam warehouse that underwent a multi-million dollar renovation, will house LogMeIn's 250-plus local employees, with space to accommodate an expected doubling of the company's local workforce over the next 3-5 years.

Boston Mayor Thomas Menino's efforts to remake the Fort Point Channel and Seaport area of South Boston into one of Boston's most vibrant centers played a key role in attracting LogMeIn to the neighborhood. 

"LogMeIn continues to be one of Massachusetts' great technology success stories, and I know they'll instantly become a signature tenant in the Innovation District," Mayor Menino said. "The company's leadership in the mobile and cloud computing space, combined with the vibrancy of the Innovation District, makes for a winning strategy as we work together to attract the best and brightest to Boston." 

A leader in the mobile, cloud computing and Internet of Things markets, LogMeIn helps people simply and securely connect to the devices, data, and people that make up their digital lives. Its products range from its popular mobile, Web and computer apps used by tens of millions of people to work from virtually anywhere on virtually any device to professional-grade remote IT solutions used by businesses to manage and support PCs, Macs, iPhones, iPads, and Android devices. 

"When asked 'why Boston?' and 'why the Innovation District?', the answer is simple: Talent. We see our new neighborhood and headquarters as a key advantage when it comes to attracting, retaining, and empowering the type of team we believe will help us to capitalize on some of today's most transformative market opportunities," said Michael Simon, CEO of LogMeIn. "From the rapid influx of cultural institutions, internationally renowned restaurateurs, and some of Massachusetts most exciting tech companies, the ongoing investment in this neighborhood has quickly made it one of the most desirable locations for New England's best tech workers."

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