Simon co-founded LogMeIn in 2003 and helped build it into a publicly-traded company with nearly 1000 employees.
Michael Simon is stepping down as CEO of LogMeIn, and William Wagner will step into that slot at the end of the year. Simon will remain chairman of the Boston-based software maker.
In 2003, Simon co-founded the company, which offers easy-to-use web conferencing software and remote-access and management products to help in IT support. Last year, LogMeIn LOGM entered the burgeoning Internet of Things arena with a series of acquisitions including the $12 million purchase of Ionia.
Wagner came aboard in 2013 as chief operating officer, was promoted to president early this year, and was named to the board of directors later in the year.
For more on the Internet of things opportunities and challenges check out this video.
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