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Wireless

Cisco to boost IoT cloud unit with completed Jasper buy

Wednesday 23 March 2016 | 08:53 CET | News
Cisco has completed its acquisition of cloud-based IoT services provider Jasper Technologies, based in Santa Clara, Calif, for USD 1.4 billion. Jasper will form a new IoT Cloud Business Unit within Cisco, which will bring to market a comprehensive IoT service platform for service providers, enterprises and ecosystem partners. These will be able to rapidly build IoT service businesses such as usage-based insurance for connected cars, predictive maintenance for industrial manufacturing, and asset tracking for commercial fleet management.

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Categories: Internet / Mobile & Wireless
Companies: Cisco
Countries: World
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