IT company Cisco has paid $1.4b for Internet of Things cloud service platform Jasper Technologies. Described as the “leading IoT service platform” based on the number of enterprises and services that use Jasper’s platform, the company promises to connect just about any piece of hardware to the Internet. Jasper provides a Software-as-a-Service platform to manage the connectivity.
In a statement announcing the acquisition, Cisco’s CEO Chuck Robbins, said:
“I am excited about the opportunity for Cisco and Jasper to accelerate how customers recognize the value of the Internet of Things. Together, we can enable service providers, enterprises and the broader ecosystem to connect, automate, manage, and analyze billions of connected things, across any network, creating new revenue streams and opportunities.”
Jasper’s CEO, Jahangir Mohammed, added:
“IoT has become a business imperative across the globe. Enterprises in every industry need integrated solutions that give them complete visibility and control over their connected services, while also being simple to implement, manage and scale. By coming together, Jasper and Cisco will help mobile operators and enterprises accelerate their IoT success.”
Cisco will build support for Jasper’s technology into its own systems, add new services, additional security, and more advanced analytics. It will become part of Cisco’s new IoT Software Business Unit, which will be managed by Jahangir Mohammed.