119.15 +0.00 +0% Volume: 351,671 December 15, 2017

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Xively by LogMeIn and Dassault Systèmes’ SOLIDWORKS Team to Accelerate IoT Innovation

Feb 01, 2016

DALLAS, Feb. 01, 2016 (GLOBE NEWSWIRE) -- LogMeIn, Inc. (NASDAQ:LOGM) today announced that Xively by LogMeIn has joined the SOLIDWORKS partner program to help customers accelerate innovation in developing, launching and commercializing IoT connected products. Announced at SOLIDWORKS World, being held January 31st to February 3rd in Dallas TX, the partnership will give product companies a complete solution for designing, building, running, and supporting a truly connected business.   

The IoT is transforming the way companies deliver value, connect with their customers and create new revenue streams.  With over 20 billion devices expected to be connected to the Internet by 2020 and the IoT market estimated to grow to three trillion dollars in that same time period1, there is tremendous incentive for product companies of all industries to get on board. 

“The reality for most traditional product companies is that connecting a product to the internet adds an entirely new layer of complexity to the design process.  While these companies excel in product design and engineering, creating IoT-enabled products includes a technology component with web and application integration – concepts that are all but foreign to many product companies. Partnering with a proven industry leader like LogMeIn, helps our customers to take the guess work and complexity out of developing products specifically for the IoT,” said Suchit Jain, Vice President, Strategy, Community & Business Development, SOLIDWORKS, Dassault Systèmes.   

Together, Xively by LogMeIn and Dassault Systèmes are shaping this next evolution in product development by simplifying the design, operation and support of connected products to enable companies to harness the opportunity the IoT brings, including increasing business efficiencies, the ability to deepen customer relationships, and create new business opportunities. 

By combining high-performance connectivity, IoT management and application modules, Xively provides companies with the tools needed to launch and run a 24x7 IoT business.  Delivering enterprise level scalability, Xively delivers high-speed communications between millions of devices and leverages the industry’s highest standards for security for both products and users.

“As product companies continually look to design products specifically for the IoT, a proven, scalable and secure platform like Xively helps bring products to market faster; providing a significant competitive advantage.  Working together with SOLIDWORKS, users can now develop products that are designed for connectivity out of the gate -- eliminating the learning curve and helping to put new, innovative products to market quicker than ever before,” said Mario Finocchiaro, Senior Director, Business Development, Xively by LogMeIn.

About LogMeIn, Inc.

LogMeIn, Inc. (NASDAQ:LOGM) simplifies how people connect to each other and the world around them. With millions of users worldwide, our cloud-based solutions make it possible for people and companies to connect and engage with their workplace, colleagues, customers and products anywhere, anytime. LogMeIn is headquartered in Boston with offices in Bangalore, Budapest, Dublin, London, San Francisco and Sydney.

LogMeIn and Xively are trademarks of LogMeIn in the U.S. and other countries.


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[1] Gartner “The Value & Impact of IoT on Business”  http://www.gartner.com/newsroom/id/3165317


Contact:
Alison Parker
+1-781-850-1261
alison.parker@logmein.com

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Source: LogMeIn, Inc.
NASDAQ:LOGM
Price 119.15 +0.00 +0% Volume: 351,671 Dec 15, 2017 PM ET Pricing delayed 20 minutes> More

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Rob Bradley
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InvestorRelations@LogMeIn.com

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