
GoToMeeting
Web conferencing service offering a range of services which are available on mac, pc, ios and android devices.
Date | Investors | Amount | Round |
---|---|---|---|
- | investor investor | €0.0 | round |
$1.8b | Acquisition | ||
Total Funding | 000k |
USD | 2021 |
---|---|
Revenues | 0000 |
EBITDA | 0000 |
Profit | 0000 |
EV | 0000 |
EV / revenue | 00.0x |
EV / EBITDA | 00.0x |
R&D budget | 0000 |
Source: Company filings or news article
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GoToMeeting is a web conferencing software platform developed by GoTo, a company specializing in unified communication and IT management software. Initially developed in July 2004, the platform leveraged remote access and screen sharing technology from existing products like GoToMyPC. Its capabilities were later expanded with the introduction of GoTo Webinar in 2006 and GoTo Training in 2010 to cater to larger audiences. The product's journey involves several key corporate transitions. In February 2017, GoToMeeting became a product of LogMeIn following a merger with Citrix's GoTo business. Subsequently, in December 2019, LogMeIn was acquired by private equity firms Francisco Partners and Evergreen Coast Capital for $4.3 billion, a deal that closed in August 2020. In a significant rebranding effort, LogMeIn was renamed GoTo in February 2022.
The business operates on a subscription-based model, offering several pricing tiers to cater to different customer needs, from individual professionals to large enterprises. Revenue is generated through monthly or annual subscriptions for its Professional, Business, and Enterprise plans. The platform serves a global client base across more than 190 countries, with a significant concentration of users in the United States. Its target market ranges from small and midsize businesses to large corporations, enabling them to conduct virtual meetings and collaborate remotely. While a free version with limited features is available, the core business relies on paid plans that offer expanded participant capacity and advanced functionalities.
GoToMeeting provides a comprehensive suite of features for real-time collaboration. The platform facilitates video and audio conferencing with HD video quality, accessible from desktops and mobile devices. Core functionalities include screen sharing, application sharing, in-session chat, and the ability to record meetings and generate automated transcriptions. Security is a key aspect, with features like end-to-end 256-bit AES encryption, passcode-protected meetings, and the ability for hosts to lock meetings or dismiss attendees. For enhanced collaboration, the software includes drawing tools, presenter control transfer, and breakout rooms for smaller group discussions. The service integrates with popular calendar and CRM systems, such as Google Calendar, Microsoft, and Salesforce, to streamline workflow. Enterprise-level clients benefit from custom plans that can support up to 3,000 participants, along with dedicated customer support and advanced administration tools.
Keywords: video conferencing, web conferencing, online meetings, remote collaboration, unified communications, SaaS, GoTo, LogMeIn, Citrix, virtual meetings, screen sharing, webinar software, remote work, business communication, enterprise communication, IT management, video collaboration, meeting recording, transcription, secure meetings, mobile meetings