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Wireless

Cisco to buy Jasper IoT platform for USD 1.4 bln

Thursday 4 February 2016 | 08:19 CET | News
Cisco has agreed to acquire Jasper Technologies, the US-based developer of a cloud-based platform for offering IoT services. Japser's platform is used by telecom operators to launch, manage and monetize IoT services over mobile networks. Under the terms of the agreement, Cisco will pay USD 1.4 billion in cash and assumed equity awards, plus additional retention-based incentives. The proposed acquisition will allow Cisco to offer a complete IoT solution that is interoperable across devices and works with IoT service providers, application developers and an ecosystem of partners. Cisco said it

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Categories: Mobile & Wireless
Companies: Cisco / Jasper Technologies
Countries: World
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