Last year was fairly robust for on-demand software IPOs, as seen with companies like NetSuite Inc. (NYSE: N).

Well, Wall Street wants to give more deals for investors to chomp on. This week, LogMeIn filed to go public. The company develops solutions for remote-connectivity for IT systems, such as for small and medium-sized businesses (SMBs).

The company is getting traction. Over the past year, the customer base jumped from 48,000 to 92,000. For the first nine months of 2007, revenues spiked 151% to $18.4 million (although, the company is still losing money).

Then again, LogMeIn has a robust free version of its software, which allows for a seamless upgrade to a premium offerings (the business model is based on subscriptions that range from $40 to $1,900 per year).

It also helps that the LogMeIn platform is quite scalable. That is, it connects more than 4.2 million computers. Oh, and the company has a key deal with Intel Corp. (NASDAQ: INTC).

The lead underwriters on the IPO include Lehman Brothers (NYSE: LEH) and JPMorgan Chase (NYSE: JPM). The proposed ticker is LOGM.

You can see the prospectus at the SEC website. Also, visit DealProfiles.com to check out other recent IPO activity.

Tom Taulli is the author of various books, including The Complete M&A Handbook and The Edgar Online Guide to Decoding Financial Statements.

LogMeIn: Getting wired for an IPO originally appeared on BloggingStocks on Sun, 13 Jan 2008 10:40:00 EST. Please see our terms for use of feeds.