Cisco completes acquisition of Jasper, forms IoT Cloud Business unit

By Cisco news release

Mar 22, 2016

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Cisco has completed its acquisition of Jasper, a privately held company based in Santa Clara, Calif. Jasper’s industry-leading cloud-based Internet of Things (IoT) service platform enables companies of all sizes to rapidly and cost-effectively launch, manage and monetize IoT services on a global scale.

With the acquisition, Jasper forms the new IoT Cloud Business Unit within Cisco. Together, Cisco and Jasper will bring to market a comprehensive IoT service platform to enable service providers, enterprises and ecosystem partners 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.

Cisco and Jasper will continue to deliver on Jasper’s product roadmap and support Jasper’s existing ecosystem partners. Cisco will also build upon Jasper’s IoT service platform and add new services, including advanced IoT security, support for additional connectivity options like enterprise WiFi and low-power wide-area network (LPWAN), and analytics solutions.

Read the full news release at newsroom.cisco.com.

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