LastPass is becoming an independent company

Martin Brinkmann
Dec 14, 2021

LogMeIn President and CEO, Bill Wagner, revealed plans today to establish LastPass as an independent company.  LastPass is password management solution and security service that LogMeIn acquired in 2015.

LastPass made several changes under the new ownership, some limited the free version of the password manager severely. Just this year, LastPass announced that it would limit free users to one of the two device types that LastPass could be run on. Free users had to choose between running LastPass on desktop devices or mobile devices, but they could not run the password anymore on both device types in the free version. Pricing of LastPass Premium was increased several times since the acquisition.

Some users migrated from LastPass to other password management solutions. You can check out my guide on migrating from LastPass to Bitwarden, and Ashwin's take on migrating away from LastPass.

Wagner notes that the decision won't affect user accounts or data that is in the vault. Customers will benefit from an "enhanced LastPass, on an accelerated timeline" according to the announcement.

Support channels will be expanded and new features, such as seamless save and fill, will be launched soon.

We are working on faster, seamless save and fill, a delightful mobile experience, and even more third-party integrations for businesses, among many other updates.

We are expanding our support channels so we can answer your questions faster, right when you need them, and you’ll be welcomed by a new look and feel on our website.

The announcement leaves questions unanswered that customers may have, including whether the move will result in functionality being removed or a price increase. LogMeIn itself was acquired in 2020 by a Private Equity Firm, and it is unclear how the relationship between LogMeIn and the new independent LastPass company will look like, as no details have been revealed at this point.

As a LastPass customer, especially as a free user, it is certainly a good idea to keep a close eye on announcements made by the independent LastPass company.

Now You: which password manager do you use?

LastPass is becoming an independent company
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LastPass is becoming an independent company
LogMeIn President and CEO, Bill Wagner, revealed plans today to establish LastPass as an independent company. 
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  1. A said on December 16, 2021 at 6:12 pm

    Thanks to Lastpass for all those agressive updates. I found bitwarden ?? to never look back.

  2. matthiew said on December 16, 2021 at 5:37 am

    Good luck to them. LastPass originally was a fantastic product that I used happily. But it got worse and worse starting with version 2 and I was eventually was driven to Bitwarden because the bugs in LastPass were unbearable. Hopefully they can turn things around.

  3. jeff-66 said on December 15, 2021 at 1:42 pm

    Bitwarden is free, open-source, and superior to Lastpass anyway, IMO.

  4. Joe H said on December 15, 2021 at 1:04 pm

    Roboform. Never had an issue.

  5. Yash said on December 15, 2021 at 9:14 am

    Which one do you use?

    Well I shared my personal experience with LastPass which had nothing to do with free or premium –
    ‘Same thing happened with me, used LastPass, disabled master password revert setting, and all of a sudden I was locked out of account even though I didn’t changed master password – just one setting, yet LastPass would show my master password incorrect. Then I deleted my LastPass account, switched to Bitwarden and so far so good. Since then keeping encrypted backups of Bitwarden in cloud storage as well, just in case.’

    Luckily that happened just days after I created my LastPass account so I remembered all of my different accounts names, though resetting every password took time.

  6. common sense computing said on December 15, 2021 at 2:22 am

    The last password manager you’d ever want to use.

  7. Anonymous said on December 15, 2021 at 12:29 am

    LastPass lost my business when it got sold off to random companies. Switched to Bitwarden and could never have been happier!

  8. alfa said on December 15, 2021 at 12:26 am

    I recommended LP for years, but their product kept getting worse, and support – which used to be good – became a joke. There are now far better free and open-source alternatives.

    These days my clients use KeePass or Bitwarden. No regrets.

  9. Steve said on December 15, 2021 at 12:06 am

    KeePass on all devices. Small footprint, portable, no bloat, secure, free and no BS. Some “password” apps are tens to over 100 MB’s in size and expensive and for what benefit real that KeePass doesn’t? Other bloated software will put lipstick on a pig, but it will still be a pig.

  10. Help Desk until I Die said on December 14, 2021 at 10:49 pm

    which password manager do you use?

    Ink and pencil in a notebook.

    1. JoSi said on December 16, 2021 at 8:01 pm

      … and snail-mailing every new entry to your secure bank-vault?
      BTW ‘Ink and pencil’ – indelible ink, but erasable pencil for changing password?
      Have to snail-mail that too.

  11. Leland said on December 14, 2021 at 8:25 pm

    So LastPass is heading back to the past before they acquired XMarks and were then acquired by LogMeIn which eventually led to Xmarks being killed. The fact it is being spun out might be good news. Otherwise I suspect LogMeIn would have eventually killed it like XMarks. If I were a LastPass user I would export my data right away and tuck it away somewhere safe until the dust settles. That way you can easily move to another service as needed.

  12. Dial said on December 14, 2021 at 8:14 pm

    Last pass for free users be like: ‘pay us money if you want us to tell you which of your accounts have been compromised’. Sounds kinda ransomware but maybe that’s just me.
    Moved to BitWarden and bever looked back

    1. beemeup5 said on December 15, 2021 at 5:39 am

      Same here. Bitwarden is basically the perfect password manager. It’s browser integration works so well it’s like magic.

  13. Klaas Vaak said on December 14, 2021 at 7:42 pm

    KeepassXC (or KeePass for Windows) is among the best in the market.

    1. Henk said on December 15, 2021 at 10:58 pm

      Right, I use KeePass too, both on Windows and Android. Best solution if you want to work with an encrypted *local* passwords file instead of putting it all in the cloud.

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