Cisco Spends $1.4 Billion on Jasper IoT Platform

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Story by Jennifer LeClaire, Top Tech News

If you’ve ever wondered how serious Cisco Relevant Products/Services really is about the Internet of Things (IoT), just consider its acquisition of Jasper Technologies Inc. Jasper delivers a cloud Relevant Products/Services-based IoT service platform that can connect millions of smart devices — and Cisco is shelling out $1.4 billion to get its hands on the technology.

Cisco said that Jasper, which describes itself as the “on switch for the Internet of Things,” is the leader in the IoT service platform market based on the number of enterprises and service providers that use its technology. Some of the world’s largest companies and service providers rely on the Jasper platform to scale IoT services around the world, according to Cisco.

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