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LogMeIn, Inc. (Nasdaq:LOGM), a leading provider of cloud-based connectivity solutions, announced results for the quarter ended September 30, 2011. For the third quarter of 2011, revenue increased 22 percent to $31.0 million from $25.3 million reported in the third quarter of 2010. Core product revenue, which excludes $1.7 million of revenue related to the Company's Intel agreement from the third quarter of 2010, increased by 31 percent in the quarter from the third quarter of 2010. GAAP net income for the third quarter of 2011 was $1.1 million, or $0.04 per diluted share. GAAP net income includes $2.5 million in stock compensation expense, $1.3 million associated with an accrual for an uncollected state sales tax claim, $1.2 million in acquisition related costs and amortization mainly associated with our acquisition of the Pachube service, and $100,000 in patent litigation expenses. This compares to GAAP net income of $4.0 million, or $0.16 per diluted share, reported in the third quarter of 2010.

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