LogMeIn Hopes to Raise Up to $80 Million in IPO.

"Remote device management is seen as a growing sector of the software business at a time when more and more people are doing their computing using mobile devices. LogMeIn says that over 70 million devices around the world are controlled using its subscription-based software, which can be used in situations from remote backup, server management, and file transfers to help-desk diagnostics and support. In December the company released a $30 application for the Apple iPhone and iPod Touch that lets users control their home or work computers directly from the mobile device’s screens

Founded in 2003, LogMeIn has raised $30 million in venture funding from Intel Capital, Integral Capital Partners, Prism VentureWorks, Polaris Venture Partners, and 3TS Capital Partners. Prism is its largest single shareholder. "