wordpress blog stats
Connect with us

Hi, what are you looking for?

Cisco acquires IoT services provider Jasper for $1.4 billion

jasper

Cisco has acquired the IoT services platform provider Jasper for $1.4 billion reports Techcrunch. Post acquisition, Jasper will continue to operate as usual, while its founder & CEO Jahangir Mohammad, will lead Cisco’s newly formed IoT software business unit under Rowan Trollope, IoT and collaboration SVP/GM. The deal is expected to close later this year and is subject to regulatory approval.

Jasper provides an IoT services platform and a ‘Control Centre’ software to manage these services. It enables enterprises to automate the management of IoT services across connected products such as cars, printers, home security, vending machines and others. As of now, the company claims to work with over 100 network providers for IoT deployments and have 3,500 global customers, including Reliance Communications, which had entered into a partnership with Jasper for providing enterprises with a platform to launch their IoT services.

Cisco has been focused for a while on capturing the nascent IoT market. Its investment arm, Cisco Investments, currently claims to have over 50 IoT companies in its portfolio. In India, Ineda Systems, maker of low-power chips for wearable and IoT devices, raised $2 million from Cisco Investments in November 2014.

Cisco IoT in India: In July 2014, Cisco had signed a strategic agreement with Electronics City Industries Association (ELCIA) to set up an Internet of Things (IoT) Innovation Hub in Bangalore, as a part of its Cisco Smart+Connected Communities initiative. In December the same year, it tied up with ILFS Technologies, to jointly develop solutions for digital infrastructure and smart cities in the country.

Other than smart city solutions, it had also tied up with the engineering services arm of Larsen & Toubro, L&T Technology Services to set up an Internet of Everything (IoE) solutions centre in Bangalore, targeting the transport and mass transit industries. Cisco Investments had also increased the amount allocated for investment in early stage firms in the IoT segment in India by $40 million, in 2014.

Advertisement. Scroll to continue reading.

Also read: Cisco router hack exposes Internet traffic details from India & other countries

Written By

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

The DSCI's guidelines are patient-centric and act as a data privacy roadmap for healthcare service providers.

News

In this excerpt from the book, the authors focus on personal data and autocracies. One in particular – Russia.  Autocracies always prioritize information control...

News

By Jai Vipra, Senior Resident Fellow at Vidhi Centre for Legal Policy The use of new technology, including facial recognition technology (FRT) by police...

News

By Stella Joseph, Prakhil Mishra, and Yash Desai The Government of India circulated proposed amendments to the Consumer Protection (E-Commerce) Rules, 2020 (“E-Commerce Rules”) which...

News

By Rahul Rai and Shruti Aji Murali A little less than a year since their release, the Consumer Protection (E-commerce) Rules, 2020 is being amended....

You May Also Like

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ