Subscribe via RSS Feed Connect on Google Plus Connect on Flickr

Cisco + Jasper = $1.4 billion IoT bet

Thursday, 4 February, 2016

Why has Cisco just spent $1.4 billion on acquiring Jasper Technologies, the developer of an Internet of Things cloud platform? $1.4 billion is an awful lot of money and an “Internet of Things cloud platform” sounds very nebulous, so what’s the big deal? Well, for its money Cisco is buying a company that really knows the booming Internet of Things (IoT) industry and that’s a big deal, indeed.

Terminology note: IoT means connected machines talking to one another via the internet. Example: a factory floor equipped with intelligent robots, a road filled with smart cars, a wind farm stocked with connected turbines or a home furnished with thinking thermostats.

Rob Salvagno, Cisco VP of Corporate Business Development, wrote a blog post yesterday stating that “Cisco’s Intent to Acquire Jasper is All About Making IoT Simple, Scalable and Interoperable.” Snippet:

“When I first met the CEO, Jahangir Mohammad, I was immediately impressed with his visionary approach to the opportunities available in IoT and his foresight in building a unique business to capture those opportunities. 10 years ago, when everyone was focused on flip phones and the early adoption of smartphones, Jahangir and team focused their energies on connecting everything else, including GPS units, cars, security systems and point of sale devices. This early insight has proved fruitful, and now many millions of ‘things’ are connected to the network and working on Jasper’s platform.”

IoT systems generate huge amounts of data and a platform is needed to process, manage and make sense of it all. The cloud is where the action is because companies can scale up as the IoT-generated data volume grows and grows and grows. Acquiring Jasper is a big bet, but a smart one from Cisco’s point of view because its core strength is networking and the IoT is all about the network.


Comments are closed.