Cisco is buying Internet of Things company Jasper Technologies for $1.4 billion

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Cisco, the biggest maker of networking equipment, has long promoted the trend dubbed IoT as the next major phase in the evolution of the Internet.

Cisco announced today it was buying Jasper Technologies, developers of an Internet of Things cloud platform for $1.4 billion.
With Jasper, Cisco gets a company that understands the burgeoning Internet of Things market. While the IoT term gets bandied about quite a bit, it simply means connected machines talking to one another over the internet. This could be industrial automation equipment on a shop floor, a connected car, a connected wind turbine or even a smart thermostat.
What Jasper is doing is providing a platform to build these connected devices and deliver them to market much faster and with less friction, Jahangir Mohammed, CEO of Jasper said at a press event announcing the purchase today.
What these systems do is generate tons of data and that requires a platform to process, manage and understand all of that data being fed by these devices. The cloud is a particularly smart play for this level of (big) data because companies can scale as much as they need as the amount of data grows.
Checkout the Jasper technologies company profile.

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