Cisco moves into the Internet of Things with $1.4B purchase

Cisco Systems Inc. is buying Jasper Technologies for $1.4 billion in cash in a move to help its customers connect, including many in the energy sector, automate and manage billions of Internet-connected devices.

The emergence of the Internet of Things (IoT) is one of the most important developments of late as far as energy management is concerned. IoT links smart objects to the Internet. It can enable an exchange of data never available before, and bring users information in a more secure way.

This week Cisco Systems Inc. announced that it's buying Jasper Technologies for $1.4B in cash in a move to help its current and future customers connect, automate and manage billions of Internet-connected devices ranging from cars to smart grids.

Cisco claimed that privately held Jasper has developed the industry's leading platform for what's known in technology parlance as the "Internet of Things" that encompasses a growing range of connected devices, appliances and machines.

Cisco, which makes computer networking equipment, says it plans to add new IoT services including enterprise Wi-Fi, security for connected devices, and advanced analytics to better manage device usage.

Jasper is the industry’s leading IoT service platform in terms of number of enterprises and service providers; in fact, many of the world’s largest enterprises and service providers are using the Jasper platform to scale their IoT services business globally. With Jasper, companies can connect any device – from cars to jet engines to implanted pacemakers – over the cellular networks of the top global service providers, and then manage connectivity of IoT services through Jasper’s Software as a Service (SaaS) platform. Jasper, based in Santa Clara, California, has more than 3,500 customers in 100 countries.

Cisco of San Jose, California, will pay Jasper additional but unspecified "retention-based incentives."

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs