LogMeIn buying password manager LastPass

Identity and access management specialist LogMeIn has agreed to buy Marvasol, the company behind online password store LastPass.The companies expect to close the deal, valuing Marvasol at between US$110 million and $125 million, in a matter of weeks.LogMeIn is firmly in the enterprise market, while Marvasol has been steadily extending the LastPass secure password storage tool in that direction, with password sharing and group access functions.LastPass stores an encrypted version of its cust