Cisco To Buy Jasper Technologies For $1.4 Billion

Cisco announced today it was buying Jasper Technologies, developers of an Internet of Things cloud platform for $1.4 billion.
With Jasper, Cisco gets a company that understands the burgeoning Internet of Things market. While the IoT term gets bandied about quite a bit, it simply means connected machines talking to one another over the internet. This could be industrial automation equipment on a shop floor, a connected car, a connected wind turbine or even a smart thermostat.
What Jasper is doing is providing a platform to build these connected devices and deliver them to market much faster and with less friction, Jahangir Mohammed, CEO of Jasper said at a press event announcing the purchase today.
What these systems do is generate tons of data and that requires a platform to process, manage and understand all of that data being fed by these devices. The cloud is a particularly smart play for this level of (big) data because companies can scale as much as they need as the amount of data grows.

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