The smarter way (to strengthen, and not harm their brand), would have been to all along offer a freemium version and offer other extra features that a small percentage of all users are willing to pay for. So to me, it feels like a bait and switch, where they had this planned all along.
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I'm not against paying for services, but I don't like how they pulled the rug out of everyone who relied on the free version, where they get so used to the software as apart of their daily life, that it forces many to just pay the fee (many of whom would likely have never signed up in the first place if it were not free). After they changed their pricing model to pay for a subscription I decided to see if there were any other great password managers out there. I loved using LastPass, and had been using it for over a year. Removes the burden of micromanaging staff password choices by your IT department - they will thank you! Multiple logins for a site is supported, it includes a robust, easy to use form fill feature, and it offers to generate on its own super-secure passwords for use as well. Very useful for sites that require frequent password changes and sites that have odd password requirement.
As the user ID and password is saved to your own private vault in the cloud, you now have that password to access the site again, from anywhere, meaning you don't have to remember it anymore or worse, write it down.
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Change your password? No problem! Upon successfull login, LastPass will catch that you have entered a new password and ask you if you want to update your saved password. Now, every time you go to a site you use, the first time you visit and login, it will recognize the user ID and password you used, and ask you if you want to save it to your vault. When you get the extension added, click on it and log yourself in, and voila you have access to your saved passwords vault in the cloud. Make sure you follow the instructions for adding LastPass to your favorite browser, and add it to the browser you use on every computer you use. Setting it up is painless, merely follow the prompts at and you will quickly be on your way. The simple answer is LastPass saves your passwords to the cloud, secured by your individual login user ID and a Master Password.