Earlier this week remote access software company LogMeIn announced that they are preparing for an IPO.  The company plans to offer 6.66 million shares at a price of about $14-$16.  The IPO is expected to take place on July 1.  LogMeIn will trade under the NASDAQ with the stock symbol LOGM.

LogMeIn had a net income of $1.5 million for the three months ending March 31 on revenue of $17.2 million.  About a year ago, the company had a net loss of $4.2 million on revenues of $9.9 million during the same time period.  Intel owns 5% of LogMeIn and other investors include Prism Venture Partners, Polaris Venture Partners, Technology Holding Central and Eastern European Funds, and Integral Capital Partners.

LogMeIn customers include AMD, CardinalHealth, 3M, Best Buy, IBM, DHL, SAP, etc.  The company is based on Woburn, Massachusetts.  The company indicated the IPO back in January.

[via AlarmClock/MarketWatch]

Yahoo! Inc. is rumored to acquire Maven Networks for over $150 million.  Yahoo! was also previously interested in acquiring Metacafe and previously acquired online video editing company, Jumpcut. 

Maven Networks is an Internet TV advertising platform.  Here is a sample of what they do:
http://www.mediamave.com/foodnetwork/

Maven Networks is based in Boston, Mass. Some of Maven’s clients include FOX, Scipps Networks, Sony, TV Guide, Gannett, Univision, USA Today, CBS, IBM, HGTV, Food Network, and CNET. 

Maven previously raised around $30 million in funding from Prism Venture Partners, Accel Partners, and General Catalyst Partners.  Maven Networks has a partnership with Comcast and had a former advisor that is now the CEO of Brightcove.

[Information Source: NewTeeVee and TechCrunch]