Cisco Acquires Jasper to Mark the Beginning of IoT Evolution
FREMONT, CA: Cisco has managed to complete the acquisition of Jasper, a provider of Internet of Things (IoT) service platform based on cloud. The organization helps companies across the globe to rapidly launch, monetize and manage the IoT services in a cost effective approach. Being a part of Cisco, Jasper designs a new IoT Cloud Business Unit. Together, the companies will introduce an IoT service platform to the market; allowing service providers, ecosystem partners and enterprises to implement IoT technology. The services are widely used in business operations such as predictive maintenance for industrial manufacturing, asset tracking for commercial fleet management and usage based insurance for connected cars.
"IoT is a key piece of enabling Digital Transformation for today's enterprises. Cisco already has the network equipment, cloud, analytics and security layers, and the addition of Jasper brings critical IoT service platform layer needed to provide enterprises with a complete digitization strategy," said Carrie MacGillvray, Vice President, Mobile and IoT, IDC.
Cisco and Jasper will effectively continue their support to Jasper's existing ecosystem partners and deliver on the firm’s product protocol. Cisco will also develop the company's IoT service platform with additional services such as advanced IoT security, support for low-power wide-area network (LPWAN) and enterprise Wi-Fi, and analytics solutions.
With Jasper’s IoT service platform, Cisco can assist companies in the process of automating the management of IoT services across all connected devices. Enterprises will now be able to revamp their existing products into connected services, while generating new sources of progressing revenue and creating ingenious business models. Some of the world's largest IT solution providers such as SAP, IBM, Salesforce and Microsoft have already incorporated Jasper's IoT service platform.
"This acquisition provides value for both Cisco and Jasper's enterprise customers, their service provider partners and broader IoT ecosystem partners," adds MacGillvray.
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