LogMeIn (Nasdaq: LOGM). If you've never heard of this tiny inventor of software that allows you to remotely access one computer from another, that's perfectly understandable. The company IPO'ed less than a year ago.

Nor is LogMeIn a recognized brand name. A new commercial from Best Buy (NYSE: BBY) shows how the "Geek Squad" uses LogMeIn's services to fix its customers' PCs remotely, without ever mentioning LogMeIn by name. Likewise, Symantec (Nasdaq: SYMC) uses LogMeIn to install and update clients' antivirus software remotely, without explicitly promoting its partner. An even bigger partner, Intel (Nasdaq: INTC), has a strategic alliance with LogMeIn, sharing technology to ensure that the company's software runs perfectly in conjunction with Intel chips -- but I only learned this when LogMeIn's 10-K filing arrived in my mail last week.

So how do I know about LogMeIn?

Ignorance is bliss
Because I'm a computer idiot. I "discovered" LogMeIn when my PC went buggy last year, and my little brother, the family techie, used its software to fix it ... from the other side of the country. An investor by nature, this piqued my curiosity, and I picked up a few shares to keep my interest alive.

Skin in the game
And how glad I am that I did. Since picking up those shares below the cost of a recent capital-raise, LogMeIn's rewarded me with double-digit gains. But the best news is: Now that I've sat a spell and watched the company evolve, I think there's more in store.

Essentially a tech start-up, LogMeIn remains in early growth mode. Revenues grew 24% last quarter. Earnings were up 22% to $0.11 per share. But the best number of all was free cash flow.

Cash is king
Cash. LogMeIn's rolling in the stuff. With $7 million in free cash flow generated in the first quarter (a 67% improvement over last year's Q1, by the way), the company now boasts a trailing 12-month-free-cash-flow haul of $23.9 million. Applied to the company's $378 million enterprise value, this has the company selling for just 16 times free cash flow.

If LogMeIn were able to keep growing at the pace it set last quarter, this stock would be the steal of the century. It won't, of course. Eventually, key rivals Cisco (Nasdaq: CSCO) or Citrix (Nasdaq: CTXS) will either invade LogMeIn's turf -- or buy it out. Or LogMeIn may find itself priced out of existence by Microsoft (Nasdaq: MSFT), which offers free software performing similar functions.

For the time being, it's a fun ride. And it's only just begun.

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Fool contributor Rich Smith owns shares of LogMeIn. Best Buy, Intel, and Microsoft are Motley Fool Inside Value recommendations. Best Buy is a Motley Fool Stock Advisor choice and the Fool owns shares of Best Buy. The Fool has created a covered strangle position on Intel. Motley Fool Options has recommended a buy calls position on Intel and a diagonal call position on Microsoft. The Fool has a disclosure policy.