Cisco Offers $US1.4 Billion For Internet of Things Player
CISCO Systems has made a bid to acquire Jasper, a cloud-based Internet of Things solutions provider, for $US1.4 billion – the deal will close later in the year.
“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,” says Jahangir Mohammed, Jasper’s CEO.
“By coming together, Jasper and Cisco will help mobile operators and enterprises accelerate their IoT success.”
Jasper develops and provides a software-as-a-Service (SaaS) platform that automates the administration of IoT services across connected devices, enabling companies to develop new business models and revenue streams by converting existing services into connected services.
Cisco said the acquisition will allow it to offer IoT solutions that are interoperable across gadgets and will work with app developers, IoT service providers and a network of partners.
Cisco will expand Jasper’s IoT platform and add new IoT-related services, including security for connected devices, enterprise Wi-Fi, and advanced methods to better manage devices.
“I am excited about the opportunity for Cisco and Jasper to accelerate how customers recognize the value of the Internet of Things,” says Cisco CEO Chuck Robbins. “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.” ♦