LogMeIn, Inc. (Nasdaq: LOGM), Since our founding in 2003, LogMeIn has created tools that allow people to work from anywhere. And the company believes in the next few years, environmental, social and economic factors, along with advancements in technologies such as 5G, will likely drive more and more companies to embrace “the virtual workplace.”
Regrettably, the spread of Coronavirus (COVID–19) continues to cause individuals and companies around the world to question how best to conduct their business during this outbreak. These factors have also put inevitable strain on critical service providers like local and regional municipalities, hospitals, educational institutions and non-profit organizations as they ready themselves to deal with further outbreaks and disruptions.
This, in turn, is accelerating the pace at which many organizations are being pushed to embrace remote work, despite the fact that many of these organizations are not yet equipped to get the most productivity out of their remote workforce. This accelerated pace towards working remotely, coupled with underlying health concerns are creating pain for LogMeIn clients, their employees, and our client’s customers, as well as the communities in which we operate, as evidenced by:
-
Management considering whether to curtail or even eliminate travel
-
Marketing teams rethinking participation in events
-
IT teams planning for business continuity and remote worker support
-
Schools and employers are becoming more accommodating on employee and student illness
-
Local/regional municipalities and health care providers gearing up to maintain and even further ramp their community support services