LogMeIn drops $15M to buy Meldium for its security chops

LogMeIn, the Boston company that made web conferencing and remote PC management less painful experiences, is buying Meldium, a San Francisco startup noted for its password management and single sign-on capabilities.

[company]Meldium[/company] aims to make it easier to grant and rescind a person’s rights to business apps and data, which in turn makes life easier for companies that hire interns, freelancers or contract employees. Meldium’s promise is that it lets an admin easily disable or delete corporate accounts of a given person without screwing with her personal accounts.

San Francisco-based Meldium competes with companies like Okta and even [company]Microsoft[/company] in some cases. A [company]LogMeIn[/company] spokesman called Meldium a “great complement” to the company’s existing offerings including AppGuru, which makes it easier for a business to find out exactly which of its apps are in use and then deploy policy controls across them.

The plan calls for Meldium to continue as a standalone product but also to integrate it with LogMeIn’s other offerings, which include the LogMeIn Central management console, CEO Michael Simon said in an interview. Meldium’ employees — there are fewer than ten — will stay in San Francisco, where LogMeIn has a growing presence, Simon said.

LogMein’s products fall into three broad areas — online collaboration and conferencing with Join Me; IT management with Central; and remote support with LogMeIn Rescue, which is often also used by customers including telcos and high-tech companies, both for support and pre-sales applications, Simon said. Rescue will also be extended to address Internet of Things applications. LogMeIn joined the IoT push via its acquisition of Xively last year.

Simon will be on hand at Structure Connect to talk on all things IoT next month in San Francisco.

Michael Simon LogMeIn Alicia Asin Libelium Structure:Europe 2013

(L to R) Michael Simon, Chairman and CEO, LogMeIn; Alicia Asin, CEO and Co-Founder, Libelium Structure:Europe 2013

Note: This story was updated at 7:05 a.m. with quotes from LogMeIn CEO Michael Simon.