Smart Home

IoT Platforms Still Lucrative Targets, Despite Modest Revenues: Google Acquires Xively




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Report Summary:

In February 2018, Google announced that it had entered into an agreement to acquire Xively, a division of LogMeIn, Inc. for $50 million, subject to closing conditions. Google’s stated intention is that the acquisition is designed to complement Google Cloud's efforts, in order to provide a fully managed IoT service that “easily and securely connects, manages, and ingests data from globally dispersed devices”

Strategy Analytics has been following Xively since the company’s creation in 2007, first as Pachube and later as Cosm, before becoming Xively in 2013. This report will look at Xively’s platform offering and how it can fit into Google’s IoT strategy and what the broader implications are for IoT.



Table of Contents

1. Executive Summary 3
2. Who is Xively and What Are Its Platform Capabilities? 5
3. Google v Amazon 8
3.1 Why Google’s acquisition of Xively matters in the Smart Home market 9
3.2 Amazon has an IoT Headstart on Google 9
4. Implications of Xively’s Acquisition by Google 11
5. How Can We Help You? 13

Exhibits
Figure 1: A Snapshot of LogMeIn’s Collaboration Portfolio 3
Figure 2: Xively Conceptual Product Architecture 5
Figure 3: LogMeIn Xively Platfom Architecture 6
Figure 4: Amazon acquired Ring in March 2018 8

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