Cisco business buy Jasper IO Technologies

Cisco reached in IO space with its latest acquisition in Jasper Technologies

Cisco announced its intention to buy Jasper, a company dedicated to the development of a platform that facilitates the Internet of Things (IoT) technologies. The value of the acquisition was set at $ 1.4 billion.

IO, a language that has quickly become a buzzword in space technology, is a technology trend in which various objects - everyday appliances like toasters and refrigerators - at industrial computers can connect to each other and exchange information. This can lead to a higher level of automation and a better analysis of trends ranging from the physical home for applications across the city.

IOT with being a nascent space, space companies have developed their own methods through the application of the IO, leading to ownership rules do not always exchange information with each other. the proliferation of these devices is widespread, also have the propensity to generate huge amounts of granular data over time. These data are processed in a way that can be understood in a way that helps decision makers to identify the information to be measured.

Jasper a platform that connects these devices, and does so in a way that allows IO device manufacturers to process, manage and understand all data supplied with these products. Given the magnitude of these data, the platform lends itself to being based in the cloud, allowing you to accommodate a growing number of connected devices.

While Cisco has always had deep forces in the area of ​​network infrastructure, this initiative marks a natural extension into a lucrative area that is likely to see much growth.

In a blog post announcing the acquisition, Vice President of Corporate Business Development Rob Salvagno wrote, "Jasper Cisco regarded as a one-stop platform IO interrupt a huge market with a strong strategic alignment with Cisco. Jasper platform represents the largest scale in the IO today with more than 3,500 client companies and 27 service providers in 100 countries. "

Jasper to date has grossed over $ 200 million in venture funding, being the latest in a round of $ 50 million in September 2014.

Gaurav Garg, founding partner Wing venture capital and board member said Gasper agreement: "We are still in the early stages of the revolution of the IO, which I compare to the spread of electrification in the late nineteenth century. like the creation of the grid has led to a huge increase in innovation, so the possibility of connecting the physical devices to the Internet will trigger decades of new applications, some of which can already be seen in the way airplanes and driverless cars. "