Cisco Spends $1.4 Billion on Jasper IoT Platform

If you've ever wondered how serious Cisco really is about the Internet of Things (IoT), just consider its acquisition of Jasper Technologies Inc. Jasper delivers a cloud-based IoT service platform that can connect millions of smart devices -- and Cisco is shelling out $1.4 billion to get its hands on the technology.

Cisco said that Jasper, which describes itself as the "on switch for the Internet of Things," is the leader in the IoT service platform market based on the number of enterprises and service providers that use its technology. Some of the world?EU?s largest companies and service providers rely on the Jasper platform to scale IoT services around the world, according to Cisco.

?EU?IoT has become a business imperative across the globe,?EU? said Jahangir Mohammed, CEO of Jasper, in a statement. ?EU?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,?EU?

Cisco?EU?s Place in IoT

Cisco has been pressing toward IoT for years. In 2014, the company partnered with IBM, GE and AT&T to launch the Industrial Internet Consortium, an open membership group that aims to break down technology silo barriers and drive better big data access with improved integration between the digital and physical worlds. In the fourth quarter of 2015, the networking giant threw down the IoT gauntlet with four new digital solutions for industries and a new IoT security portfolio.

By adding Jasper to its IoT mix, Cisco sets the stage for companies to connect devices, such as pacemakers, cars and even jet engines, to cellular networks. Enterprises can also manage IoT connectivity services through Jasper?EU?s software-as-a-service (SaaS) platform, which drives recurring revenue IoT businesses, Cisco said. Jasper has 3,500 enterprises customers and 27 service providers using its technology globally.

We asked Zeus Kerravala,...

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Cisco Spends $1.4 Billion on Jasper IoT Platform

If you've ever wondered how serious Cisco really is about the Internet of Things (IoT), just consider its acquisition of Jasper Technologies Inc. Jasper delivers a cloud-based IoT service platform that can connect millions of smart devices -- and Cisco is shelling out $1.4 billion to get its hands on the technology.

Cisco said that Jasper, which describes itself as the "on switch for the Internet of Things," is the leader in the IoT service platform market based on the number of enterprises and service providers that use its technology. Some of the world?EU?s largest companies and service providers rely on the Jasper platform to scale IoT services around the world, according to Cisco.

?EU?IoT has become a business imperative across the globe,?EU? said Jahangir Mohammed, CEO of Jasper, in a statement. ?EU?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,?EU?

Cisco?EU?s Place in IoT

Cisco has been pressing toward IoT for years. In 2014, the company partnered with IBM, GE and AT&T to launch the Industrial Internet Consortium, an open membership group that aims to break down technology silo barriers and drive better big data access with improved integration between the digital and physical worlds. In the fourth quarter of 2015, the networking giant threw down the IoT gauntlet with four new digital solutions for industries and a new IoT security portfolio.

By adding Jasper to its IoT mix, Cisco sets the stage for companies to connect devices, such as pacemakers, cars and even jet engines, to cellular networks. Enterprises can also manage IoT connectivity services through Jasper?EU?s software-as-a-service (SaaS) platform, which drives recurring revenue IoT businesses, Cisco said. Jasper has 3,500 enterprises customers and 27 service providers using its technology globally.

We asked Zeus Kerravala,...

Comments are closed.