On February 3rd 2016, Cisco announced its intent to acquire Jasper Technologies, a privately held company that delivers a cloud-based IoT service platform to help enterprises and service providers deliver IoT services on a global scale. Cisco will pay $1.4 billion in cash. Jasper has been a pioneer in the IoT cellular connectivity platform business since it was founded in 2004 and after many years has found a buyer with whom there are real synergies for tackling the complexity and scale of IoT.
This report analyses the announcement and looks at the benefits to both companies and the broader implications of this move for the IoT space more broadly.
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