Cisco to buy Jasper IoT platform for USD 1.4 bln

Nieuws Mobiel Wereld 4 FEB 2016
Cisco to buy Jasper IoT platform for USD 1.4 bln
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 Jasper IoT service platform automates the management of IoT services across connected devices and enables companies to create new business models that transform their products into connected services and generate new sources of ongoing revenue. Jasper develops and provides a SaaS platform with a predictable, recurring revenue IoT business that manages and drives a wide range of connected devices and services for more than 3,500 enterprises worldwide, working with 27 service provider groups globally. 

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 will continue to build upon the Jasper IoT service platform and add new IoT services such as enterprise Wi-Fi, security for connected devices, and advanced analytics to better manage device usage. Jasper CEO Jahangir Mohammed will run the new IoT Software Business Unit under Rowan Trollope, Cisco senior vice president and general manager, IoT and Collaboration Technology Group. The acquisition is expected to close in the third quarter of Cisco's fiscal year 2016. 

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Mobiel

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Cisco,  Jasper Technologies

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Data services, Devices, Wholesale, M&A buyouts & divestments

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