August 1, 2017 / 12:25 PM / 7 months ago

BRIEF-Logmein acquires artificial intelligence and chatbot provider Nanorep

Aug 1 (Reuters) - Logmein Inc

* Logmein acquires artificial intelligence and chatbot provider Nanorep; bolsters customer engagement portfolio

* Logmein Inc - deal for approximately $45 million.

* Logmein Inc - Logmein is also expected to pay up to $5 million in contingent cash payments

* Logmein - also expected to pay up to $5 million in contingent cash payments to certain continuing employees of Nanorep upon their achievement of milestone​

* Logmein Inc - ‍announced that it has agreed to acquire nanorep​ Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below