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LogMeIn debuts successfully on Nasdaq

3TS Capital Partners announced in a press release that its portfolio company, LogMeIn, a provider of on-demand remote-connectivity services, has successfully completed its $100 million initial public offering on Nasdaq under the ticker symbol LOGM.

LogMeIn’s predecessor Remotely Anywhere was originally a Hungarian company founded in 2003, but now LogMeIn as a US listed corporation has its world headquarters near Boston in Woburn, Massachusetts, with European sales office in Amsterdam and development centers in Budapest and Szeged.

In mid 2004 3TS Capital Partners became the first institutional investor backing LogMeIn, which has raised approximately $30 million in venture funding. (press release)